to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Vascular Access Device Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
· BD (US)
· C.R.Bard (US)
· Teleflex (US)
· Smiths Medical (US)
· B Braun (Germany)
· Angiodynamics (US)
· Terumo (Japan)
· Nipro (Japan)
· Edwards (US)
· Amecath (US)
The Vascular Access Device market is projected to grow from USD 3.9 billion in 2020 to USD 5.8 billion by 2026 at a CAGR of over 7.1% during the forecast period. Rapidly growing incidence of lifestyle diseases across the globe and technological developments in medical therapies are likely to boost the market growth. Also, the surge in the number of chemotherapy procedures on account of soaring cancer cases worldwide further augments product usage. Moreover, vascular access devices are being widely used in pediatric patients further offering immense growth opportunities to the industry players.
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.
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The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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