Stratview Research delivers key insights on the global Vascular Access Device Market. According to Stratview Research, the market is segmented By Device Type (Central Vascular Access Devices, Peripheral Vascular Access Devices), By End Use (Hospitals, Clinics and Ambulatory Care Centers), and Region.
Market Insights
The report suggests that the overall Vascular Access Device market is projected to grow from USD 3.98 billion in 2021 to USD 6.44 billion by 2028 at a CAGR of over 7.04% during the forecast period of 2022-2028.
Market Segments’ Analysis
Based on device type, the global vascular access device market has been classified into central vascular access devices and peripheral vascular access devices. Under these, the central vascular access devices segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Central vascular access devices are being extensively used in chemotherapy as well as for the treatment of cardiovascular & chronic kidney disorders, thus bolstering the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals is likely to boost the market growth in the region. Also, a surge in the number of cancer cases and the growing prevalence of cardiovascular diseases further augments the regional market growth.
Key Players
The following are some of the key players in the Vascular Access Device Market:
- BD (US)
- R.Bard (US)
- Teleflex (US)
- Smiths Medical (US)
- B Braun (Germany)
- Angiodynamics (US)
- Terumo (Japan)
- Nipro (Japan)
- Edwards (US)
- Amecath (US)
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