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Vascular Access Device Market Size To Boom Significantly Over 2021-2028

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Vascular Access Device Market Size To Boom Significantly Over 2021-2028

New York, NY 22 Sep 2021: The global vascular access devices market size is expected to reach USD 8.03 billion by 2028 according to a new study by Polaris Market Research. The report “Vascular Access Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Administration of Fluid & Nutrition, Transfusion of Blood Products, Diagnostics & Testing, Administration of Drugs); By Device; By Route of Insertion; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for central vascular access devices was high in 2020. The central vascular access devices include tunneled catheters, non-tunneled catheters, peripherally inserted central catheters, implanted ports, and others. Implanted ports enable repeated and long-term access to the bloodstream usually over months to years.

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Governments across the globe are investing significantly in the development of advanced healthcare infrastructure, boosting market growth. The intravenous vascular access devices segment dominated the global market in 2020. Intravenous devices are usually used to administer chemotherapy drugs, antibiotics, antifungal drugs, and pain medication among others.

 

Vascular access devices are used in diagnostic centers, hospitals, clinics, ambulatory surgery centers, and others. The hospital segment accounted for the highest share in 2019. The increasing occurrence of cancer and cardiovascular diseases coupled with government initiatives to offer advanced healthcare services to citizens supports the growth of this segment.

 

North America market dominated the global vascular access devices industry in 2020 and is expected to maintain its dominance over the forecast period. High living standards, significant investment in healthcare services, and the increasing occurrence of lifestyle-related diseases support market growth in this region. However, Asia-Pacific is expected to exhibit significant growth during the forecast period.

 

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Some of the major market participants include Smiths Medical, Inc., B Braun Melsungen AG, Terumo Corporation, Edwards Lifesciences Corporation, Romsons Scientific & Surgical Pvt. Ltd., Becton, Dickinson and Company, Baxter International, Teleflex Incorporated, Fresenius Medical Care AG & Co. KGaA, Siemens Healthineers AG, Nipro Medical Corporation, C.R.Bard, Inc., Navilyst Medical, Inc, Medtronic PLC, and Ameco Medical.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email[email protected]

Webhttp://www.polarismarketresearch.com

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