Top Market Shifts Transforming the Vascular Access Devices Market Landscape: Key Insights

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What Is the Expected CAGR for the Vascular Access Devices Market Through 2025?
The market size of vascular access devices has shown a robust growth in the past few years. The market projection suggests an escalation from $5.74 billion in 2024 to $6.11 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the historic period include an increase in chronic diseases, an ageing demographic, expansion of healthcare infrastructure, rise in the number of surgical procedures, and improved awareness and training.

What's the Projected Size of the Global Vascular Access Devices Market by 2029?
The market size of vascular access devices is predicted to exhibit robust growth in the upcoming years. It is projected to reach $7.87 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the forecast period include advances in material science, the increase in ambulatory care, healthcare globalization, the rise of telemedicine and remote care, and a strong emphasis on infection control. Key trends expected during this forecast period encompass a significant focus on infection prevention and antimicrobial technology, a heightened demand for specialized vascular access devices, increased emphasis on educating and training healthcare professionals, and a cooperative push towards product development and market expansion.

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Top Growth Drivers in the Vascular Access Devices Industry: What's Accelerating the Market?
The expansion of the vascular access devices market is anticipated to be driven by the increasing incidence of lifestyle diseases. Also referred to as chronic diseases or non-communicable diseases (NCD's), these health conditions are majorly influenced by unhealthy habits and choices, and not by infectious organisms. These conditions usually require consistent care and treatment, necessitating the use of vascular access devices for the efficient and safe administration of medications and treatment. For instance, the World Health Organization, a Swiss-based intergovernmental agency, reported in September 2022, that out of the global annual death toll, 74% or 41 million deaths were attributed to NCDs or chronic diseases. This included 17.9 million deaths from heart-related diseases, 9.3 million from cancer, 4.1 million from chronic respiratory conditions, and 2.0 million from diabetes. Consequently, the rising incidence of lifestyle diseases is fueling the expansion of the vascular access devices market.

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Which Fast-Growing Trends Are Poised to Disrupt the Vascular Access Devices Market?
In an attempt to gain a competitive advantage in the vascular access devices market, top companies are shifting their focus towards the creation of more effective devices by employing advanced technologies such as TipTracker. TipTracker technology offers real-time visual navigation, enabling the tracking of the catheter pathway on a colored display, and assisting in confirming the final tip positioning. Teleflex Incorporated, a medical devices manufacturer based in the US, launched two novel devices, VPS Rhythm and DLX Device, which utilizes the TipTracker technology. These devices, launched in May 2023, negate the necessity for confirmatory X-rays, thereby making the process of PICC (peripherally inserted central catheter) insertion more streamlined. Additionally, this tech facilitates better advancement of PICC into the superior vena cava (SVC), ensuring successful insertion. The introduction of the VPS Rhythm and DLX device promotes better patient care, broadens treatment options, optimizes efficiency, and supports advancements in medical technology.

What Are the Main Segments in the Vascular Access Devices Market?
The vascular access devices market covered in this report is segmented -

1) By Device Type: Central Vascular Access Devices, Peripheral Vascular Access Devices
2) By Application: Drug Administration, Fluid And Nutrition Administration, Blood Transfusion, Diagnostics And Testing
3) By End User: Hospitals, Clinics, Ambulatory Care Centers, Other End Users

Subsegments:
1) By Central Vascular Access Devices: Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC), Implantable Ports
2) By Peripheral Vascular Access Devices: Peripheral IV Catheters, Midline Catheters, Butterfly Needles

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Which Top Companies are Driving Growth in the Vascular Access Devices Market?
Major companies operating in the vascular access devices market report are Medtronic PLC, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton dic*kinson and Company (BD), Baxter International Inc., Boston Scientific Corporation, Medline Industries LP, Terumo Corporation, Edwards Lifesciences Corp., B. Braun Melsungen AG, Teleflex Incorporated, ICU Medical Inc., Cook Medical, Merit Medical Systems Inc., Biotronik Inc., AngioDynamics Inc., Argon Medical Devices Inc., Nipro Medical Corporation, pfm medical ag, Amecath Medical Technologies, Romsons Group, Medical Components Inc., Access Vascular Inc., Newtech Medical Devices Pvt. Ltd., Vygon USA

Which Regions Will Dominate the Vascular Access Devices Market Through 2029?
North America was the largest region in the vascular access devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular access devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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