This Vascular Access Devices Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Vascular Access Devices Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Medical Devices industry. This market report gives an edge to compete and to outdo the competition.
Vascular access devices market is expected to account to USD 8.52 billion by 2027 expanding at a rate CAGR of 7.0% in the forecast period of 2020 to 2027.
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Market Analysis and Insights: Global Vascular Access Devices Market
Vascular access devices are the diagnostic or therapeutic medical products inserted in the veins through central or peripheral vessels. These devices are majorly focused on sampling of blood, reading of venous pressure, providing medications, nutritional fluids, transfusions and parenteral nutrition delivery amongst other purposes.
There has been a directly positive impact on chemotherapy procedures with a considerable rise in cancer prevalence worldwide, which is one of the major factors behind the growth of vascular access devices market. There has been a renewed demand rate for these devices with the emergence of their wide-scale application in paediatric patients health care services. Increasing the preference of patients to participate in medical tourism is enhancing the demand rate for these devices from the various developing regions worldwide.
Various complications experienced with the usage of different catheters which has resulted in the product recalls from major market players amid the failure of their offerings, increasing stringency in regulations for product approval and commercialization have resulted in these factors restricting the growth of vascular access devices market in the forecasted period of 2020 to 2027.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
Global Vascular Access Devices Market Scope and Market Size
Vascular access devices market is segmented on the basis of type, mode of insertion, application and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
On the basis of type, vascular access devices market has been segmented into central vascular access devices, peripheral vascular access devices and accessories. Central vascular access devices have been sub-segmented into peripherally inserted central catheters, tunnelled catheters, non-tunneled catheters and implanted ports. Peripheral vascular access devices are sub-segmented into midline catheter (short) devices/peripheral short devices, midclavicular catheter (midline) devices/peripheral midline devices and butterfly/winged steel needles.
On the basis of mode of insertion, market has been segmented into intravenous and subcutaneous.
Based on application, vascular access devices market has been segmented into drug administration, fluid & nutrition administration, blood transfusion and diagnostics & testing.
Vascular access devices market has been segmented on the basis of end user into hospitals, clinics & ambulatory care centers and others.
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Vascular Access Devices Market Country Level Analysis
Vascular access devices market is analysed and market size information is provided by country, type, mode of insertion, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
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