Latest News- Vascular Access Devices Market: Central VADs is expected to lead the Product segment during 2024-2028

The Vascular Access Devices Market is being driven by Increasing prevalence of chronic diseases globally

The Vascular Access Devices Market is expected to grow at a CAGR of 7.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.26 billion. B. Braun Medical Inc., a leading infusion therapy solutions provider, unveiled its latest innovation, the Introcan Safety 2 IV Catheter, on July 12, 2022. This advanced catheter features one-time blood control, addressing the critical issue of safety in intravenous (IV) access procedures. Clinicians face significant risks, including needlestick injuries and blood exposure, during IV access procedures. The Centers for Disease Control and Prevention (CDC) reports approximately 385,000 sharps injuries yearly, with around 30% attributable to hollow-bore needles like those in peripheral IV catheters (PIVCs). By minimizing needlestick risks and reducing blood exposure, the Introcan Safety 2 IV Catheter significantly enhances clinical safety in infusion therapy applications. 

Get more information on Vascular Access Devices Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Central VADs
  • Peripheral VADs
  • Accessories
• End-user
  • Hospitals
  • Ambulatory care centers
  • Clinics and others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic diseases globally
• Growing demand for minimally invasive procedures
• Rising geriatric population globally

However, the market also witnesses some limitations, which are as follows:

• Risk of infection associated with vascular access devices
• Increasing shortage of skilled healthcare professionals
• Stringent regulatory requirements and standards for medical devices

Benefits of Buying Global Vascular Access Devices Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Vascular Access Devices Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Vascular Access Devices market is driven by the rising prevalence of cancer and the increasing demand for effective vascular access solutions. However, complications from catheters and product recalls pose challenges. Medical tourism and stringency in regulations impact market commercialization. Innovation and advancements in short PIVCs and catheters present profitable opportunities, while technological innovation and the approval process are key factors. Respiratory and cardiovascular disorders also contribute to market growth. Import and export analysis and the impact of domestic regulations are also important considerations.

Market Research Overview

The global vascular access devices market is a significant segment of the larger USDX billion healthcare equipment market, encompassing companies and innovations dedicated to the development of capital equipment, instruments, implants, accessories, and consumables for the diagnosis, monitoring, and treatment of various diseases, including cancer. With the rising prevalence of cancer and increasing demand for advanced vascular access solutions, this market is experiencing significant growth. Medical tourism and complications related to traditional vascular access methods are driving the adoption of advanced catheter technologies. Technavio's market analysis calculates the healthcare equipment market size based on the combined revenue generated by manufacturers of various diagnostic equipment and devices, including vascular access devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/