openPR Logo
Press release

Vascular Access Devices Market - Positive long-term growth outlook 2016 - 2024

09-18-2017 08:59 AM CET | Health & Medicine

Press release from: Transparency Market Research

Vascular Access Devices Market

Vascular Access Devices Market

The global vascular access devices market is anticipated to expand at a CAGR of 6.0% from 2016 to 2024, rising from a value of US$5.1 bn in 2015 to US$8.6 bn by 2024. By volume, the market is projected to register a 5.4% CAGR during the forecast period.

In terms of percentage share contribution by product, the peripheral catheters segment is expected to account for 60.3% by 2024, emerging as the leading segment by value. The segment is also projected to present highly lucrative opportunities for players in the vascular access devices market. By application, the medication administration segment takes the lead and is expected to reflect a gain in market share by the end of the forecast period.

On the basis of route of insertion, the intravenous segment is expected to gain market share by 2024, retaining its dominance in the overall vascular access devices market. Based on end use, hospitals accounted for a major share in 2015. The segment is expected to witness strong growth during the forecast period and retain its dominance through 2024. Geographically, North America accounted for a 40.8 % share in the global vascular access devices market in 2015 and is expected to continue its dominance during the forecast period.

The incidence of lifestyle-associated diseases such as diabetes, blood pressure, and obesity has increased in the recent past and this can be attributed to factors such as unhealthy lifestyle and diet and a lack of exercise. The International Diabetes Federation (IDF) reported that in 2014, an estimated 338 mn people were diagnosed with diabetes, and the WHO found that around 1.9 bn adult population was obese or overweight in 2014. “This growing incidence in lifestyle diseases propels the need for hospitalization, thereby driving the demand for vascular access devices,” the author of the report states.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2200

Other factors driving the global vascular access devices market include the rise in favorable reimbursement policies, an increase in the incidence of target diseases such as cancer, the surge in per capita healthcare expenditure, growing medical tourism in several developing nations, technological innovations, and the shifting focus of the government toward providing improved healthcare facilities.

On the flip side, increasing pricing pressure, stringent regulatory approvals, and a high chance of catheter-associated risks threaten to impede the widespread adoption of vascular access devices.

Request to Download Brochure link: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2200

The vascular access devices market is largely consolidated, with the top five players accounting for a share of over 72.0% in 2015. C.R. Bard, B. Braun Melsungen AG, Teleflex, Inc., Becton, Dickinson and Company, and Fresenius Medical Care dominated the scene that year. Transparency Market Research finds that the vascular access devices market displays intense competitive rivalry among the existing players owing to the presence of several large global players and a few local manufacturers of implantable devices.

Global Vascular Access Devices Market Report is available @ US$ 5795 : http://www.transparencymarketresearch.com/checkout.php?rep_id=2200<ype=S

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vascular Access Devices Market - Positive long-term growth outlook 2016 - 2024 here

News-ID: 721795 • Views: 103

More Releases from Transparency Market Research

Coconut Oil Market- Positive Long-Term Growth Outlook till 2025
Coconut oil is extracted from dried or tender coconut kernels and is a tasteless and colorless oil. The coconut oil is available in two types based on the extraction- unrefined and refined or virgin oil. Unrefined oil is unbleached and unprocessed and is rarely used in consumption, while virgin oil is used in consumption. Obtain Report Details @ https://www.transparencymarketresearch.com/coconut-oil-market.html The coconut oil market has seen tremendous potential in the personal
Cassava Flour Market: Global Size, Trends, Competitive, Historical and Forecast …
Cassava flour is gaining worldwide recognition as an alternative for wheat flour and other gluten-based flours. It contains more calories in comparison to other flours. Cassava flour is considered as a rich source of starch, which is the main source for carbohydrates and dietary fibers. In the global flour market, the demand for cassava flour is high, owing to its very less content of gluten in comparison to other varieties
Tiger Nuts Market - Growth Prospect and Future Scenario by 2026
The growing demand for healthy, plant-based snacks among consumers has fuelled the growth of tiger nuts in recent years. Tiger nuts are naturally occurring tuberous rhizome of sedge grass known as cyperus esculentus lativum. Tiger nuts do not belong to the nut family, but they have a texture similar to wrinkled crunchy granules. Tiger nuts are natively cultivated and consumed in Egypt and Spain as a part of the Mediterranean
Understanding Impact of COVID-19 on Wound Closure Products Market
The global wound closure products market is a highly competitive market with a high number of global and local players operating in it around the world, states a new market research study by Transparency Market Research. The key players in the market are focusing on the expansion of the product portfolio and the innovations, which is expected to support the growth of the overall market in the next few years.

All 5 Releases


More Releases for Vascular

Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, …
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations. Request for Sample of This Research Report @ https://bit.ly/2xjOKpC Top Key Player:- Abbott Laboratories Braun Melsungen AG Boston Scientific Corporation R. Brad, Inc. Cardinal Health, Inc. Medtronic plc. Cook Medical, Inc. Teruma Corporation Jude Medical, Inc. The Spectranetics Corporation Volcano Corporation Peripheral vascular disorder (PVD) is a blood circulation disorder
Stromal Vascular Fraction Market
Prevalence of knee osteoarthritis is expected to provide a significant opportunity to the new class cell therapies to penetrate the market. Moreover, soaring demand for reconstructive breast therapies are also estimated to fuel the market in near future. Among all the clinical trials being conducted for stromal vascular fraction therapeutics, breast reconstruction procedures have reported highest proportion and outcomes for it to appear promising, as per the research conducted by
Global Large Bore Vascular Closure Devices Market 2018 - Abbott Vascular, St. Ju …
Apex Market Reports, recently published a detailed market research study focused on the “Large Bore Vascular Closure Devices Market” across the global, regional and country level. The report provides 360° analysis of “Large Bore Vascular Closure Devices Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the
Vascular Stent Market Dreadfully High over 2025
Global Vascular Stent Market: Overview As the incidence of peripheral artery disease grows, the global demand for vascular stents is expected to swell as well. Vascular stents are medical devices that are usually placed as part of peripheral artery angioplasty. In simple terms, a stent is a plastic or metal tube that is inserted into an anatomic vessel so as to keep the passageway from closing. Iliac, carotid, and femoral
Vascular Grafts Market - Global Industry Analysis 2025
Vascular Grafts are medical devices used to bypass the infected or diseased blood vessels. Vascular grafts are required to replace injured blood vessels, veins, and arteries and to substitute hard blood vessels or valves. Blood flow is redirected from one place to another by introducing a graft with the help of surgical reconstruction process. These grafts can be synthetic, semi-synthetic or taken from the patient’s body. Request to download and view
Vascular Access Devices Market Outlook
Global Vascular Access Devices Market: Snapshot The demand in the global market for vascular access devices, which are medical devices made of hollow and flexible tubes of latex or silicone that enable an access to the bloodstream, has been consistently incrementing owing to growing number of surgeries performed each year across the world. Vascular access devices are used to perform diagnostic tests, reading central venous pressure, blood sampling, blood transfusion, and