„Peripheral (Midline, Short), Central (PICC, Tunneled, Non-Tunneled, Implanted Ports) Accessories, Application (Drug Administration, Fluid & Nutrition Administration) & End Users – Global Forecasts to 2022 „
USD 5.45 Billion by 2022 from USD 3.87 Billion in 2017, at a CAGR of 7.1%.
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The growing prevalence of lifestyle diseases and the increasing use of vascular access devices in pediatric patients.
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The vascular access device market will be the largest share of Vascular Access Device Market in 2017
By type, the market segment is segmented into central vascular access devices, peripheral vascular access devices, and accessories. Central vascular access devices are expected to become the largest share of the market in 2017. The growth of this segment is attributed to the widespread use of central vascular access devices in chemotherapy and for the treatment of cardiovascular disorders and chronic kidney disorders.
By application, the drug administration segment is expected to dominate Vascular Access Device Market in 2017
Based on application, the market is broadly classified into drug administration, fluid and nutrition administration, blood transfusion, and diagnostics and testing. The drug administration segment is attributed to the high-profile use of vascular access devices for the treatment of infections, cancer, and other diseases.
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North America to hold the largest share of the market in 2017
2017 market growth in this region is primarily driven by factors. increasing number of research studies and clinical trials for vascular access devices in the US; and the increase in chemotherapy procedures. More over, the Increasing number of cardiac arrest cases to increase in the number of minimally invasive procedures and the increase in cancer incidences in Canada are other factors driving the growth Vascular Access Device Market in this region.
Some prominent players in the vascular access device market include Becton Dickinson and Company (US), CRBard, Inc. (US), and Smiths Medical, Inc. (UK). Other players include Teleflex Incorporated B Braun Melsungen Ag, AngioDynamics, Terumo Corporation, Nipro Medical Corporation, Edwards Lifesciences Corporation, Ameco Medical, Romsons Scientific & Surgical Pvt. Ltd (India), and Prodimed (France).
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