Global Vascular Access Device : Market Share Size, Major Players, Massive CAGR Development And Business Strategies, Collaborations and Segmentations Regional Study and Forecast 2028

As per the most recent research conducted by Insightace Analytics, the global vascular access device market was valued at US$ 3,744.2 million in 2019. In the 2020-2028 forecast period, it is anticipated to expand at a compound annual growth rate (CAGR) of 5.9%.

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VADs are employed for diagnostic procedures, including the measurement of central venous pressure, the administration of fluids, the collection of blood samples, the monitoring of total parental nutrition, and the transfusion of blood. These devices are implanted into veins through peripheral vessels. The demand for vascular access devices has increased due to the development of diagnostics, remedies, and therapies. The utilization of a combination of nutritionally concentrated solutions is permissible due to the capabilities of the vascular access devices.

One of the primary factors driving the market for vascular access devices over the forecast period mentioned above is the significant rise in cancer prevalence. Furthermore, the market's overall growth has been bolstered by the significant demand increase for these devices due to their pervasive use in pediatric patient health care services. The market will expand more rapidly as a result of the increasing number of individuals who opt for medical tourism. The market's expansion is impeded by factors such as the numerous complications associated with the use of a variety of catheters, which have resulted in product recalls from prominent industry participants due to the failure of their offerings. Furthermore, commercialisation laws are anticipated to impede the market's expansion. It is anticipated that the market will reap the rewards of the innovations and enhancements implemented by various market participants. Conversely, the escalating product approval standards during the projection period may hinder the market's expansion.

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North America is expected to be the primary contributor to the vascular access
device market in the forecast years as a result of the increasing prevalence of cardiovascular disorders and the increasing incidence of cancer. Furthermore, the region's market expansion is driven by the number of clinical trials for vascular access devices and the occurrence of diseases associated with lifestyle. Furthermore, it is anticipated that the Asia Pacific Vascular Access Device market will experience substantial growth during the forecast period. The ageing population and the increasing public awareness of preventative healthcare are the primary factors driving growth in this region. Major international businesses are expanding their operations in these developing nations to capitalize on the increasing potential of China, Japan, India, and South Korea.

Major market players operating in the vascular access device market include

• COOK Medical
• Angiodynamics (Navilyst Medical, Inc)
• Districlass medical
• Guangdong Baihe Medical Technology
• HEKA Srl
• B. Medical
• Teleflex Incorporated
• PakuMed medical products
• Perouse Medical
• Terumo Corporation
• Nipro Medical Corporation
• Merit Medical Systems, Inc.
• Vygon S.A.
• Smiths Medical, Inc.
• B Braun Melsungen AG
• Ibeg - Instituto de Bioengenharia Erasto Gaertner
• Becton, Dickinson and Company
• Edwards Lifesciences Corporation
• Ameco Medical
• Romsons Scientific & Surgical Pvt. Ltd.
• Prodimed

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Recent collaborations and agreements in the market:

• In July 2022, the new Introcan Safety 2 IV Catheter from B. Braun Medical Inc. (B. Braun) has a one-time blood control. The newest innovation from B. Braun makes IV access safer for the clinician by lowering the possibility of needlestick injuries and their exposure to blood with the Introcan Safety 2 IV Catheter.

• In June 2021, a needle-free vascular access solution was introduced by medK. The needle-free connection typically decreases the risk of needle sticking, which typically provides access to the fluid lines.

Market Segments

Global Vascular Access Device Market, by Product
• Implantable Ports
• Peripherally Inserted Central Catheter
• Sheath Introducer
• Portal Access Needles
• IV Safety Catheters
• Central Venous Catheter
• Catheter Stabilization

Global Vascular Access Device Market, by End-User
• Pain Management
• Adult Critical Care
• General Anesthesia
• Regional Anesthesia
• Oncology
• Neo Critical Care
• Home and Alternate Care

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Global Vascular Access Device Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Vascular Access Device Market, by
• U.S.
• Canada

Europe Vascular Access Device Market, by
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Vascular Access Device Market, by
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Vascular Access Device Market, by
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Vascular Access Device Market, by
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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