Vascular Access Device Market is Projected to Reach USD 6.44 billion in 2028

Stratview Research
Stratview Research

Vascular Access Device Market is expected to reach USD 6.44 billion in 2028, growing at a CAGR of 7.04% during 2022-2028, reports Stratview Research.

Raipur, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has launched a report on the Vascular Access Device Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.

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How is the Report Helpful?

The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.

What are the Top Market Drivers?

According to the report, the vascular access device market is driven by a host of factors, some of which are noted below:

  • Rapidly growing incidence of lifestyle diseases across the globe.

  • Technological developments in medical therapies.

  • Surge in the number of chemotherapy procedures on account of soaring cancer cases worldwide.

The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.

Vascular Access Device Market Segmentation:

Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.

  • by Device Type,

  • by End-use Type,

  • by Region.

Vascular Access Device Market Insights

Market Trends by Device Type

The 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 2021 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.

Which region offers the best opportunity and growth?

The North American market held a significant market share in 2021 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.

COVID-19 Impact on the Vascular Access Device Market

COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.

To know more about the covid-19 impact, get a free sample report, here:

Who are the Top Market Players?

After a thorough analysis of the market, the experts have listed a few key players and discussed company profiles of the below-given players -

  • BD (US)

  • C.R.Bard (US)

  • Teleflex (US)

  • Smiths Medical (US)

  • B Braun (Germany)

  • Angiodynamics (US)

  • Terumo (Japan)

  • Nipro (Japan)

  • Edwards (US)

  • Amecath (US)

What deliverables will you get in this report?

  • In-depth analysis of the Vascular Access Device Market

  • Detailed market segmentation.

  • Competitive-landscape analysis.

  • Historical, present, and future market size analysis.

  • Industry trends, technologies, and advancements.

  • Growth and operation strategies adopted by key players.

  • Potential segments/regions offering promising growth.

  • Geographical presence of the key players.

Related reports which might be useful:

  1. Vascular Closure Device Market

  2. Sternal Closure Systems Market

About us –

Stratview Research is a global market research firm that offers reliable market reports, market entry strategies, strategic growth consulting, and more. The market experts compile high-quality market information to help users obtain granular level clarity on current business trends and expected future developments. Stratview Research also offers customisation of the reports. Reach out to the analysts to customize the given report according to your priority/requirement.

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