The market for vascular access devices market was valued at USD 5.8 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% over the course of the forecast period. The market is expanding due to the rising incidence of chronic illnesses such diabetes, obesity, cancer, and chronic kidney disease. The market is seeing a major increase in demand due to increased government assistance for improved health infrastructure. The market is expanding at a substantial rate due to the growing number of hospitals around the world.

Vascular access device technological developments are largely propelling market expansion. The industry is expanding at a substantial rate due to the growing number of elderly people and more government assistance.

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Growth Drivers

The need for these devices is increased by the move toward long-term therapies and home healthcare options. PICC is frequently used in parenteral feeding, chemotherapy, and long-term antibiotic treatment. The market is driven by a rise in emergency room admissions, trauma cases, and surgeries. The proliferation of ICUs and critical care units contributes to the market's growth.

Increasing numbers of people who need IV feeding support due to digestive problems and malnutrition. Fourth generation medication administration is being driven by the growing pharmaceutical business. The market is expanding at a substantial rate because to an increase in surgeries, trauma cases, and home healthcare settings for IV therapy, dialysis, and chemotherapy. Patient outcomes are improved by minimally invasive insertion techniques. Due to their widespread use, antimicrobial-coated catheters are predicted to increase market demand.

Segmentation

Vascular Access Devices Product

·         Short Peripheral Intravenous Catheter (Short PIVCs)

o   Safety

o   Standard/ Conventional

·         Huber Needles

o   Safety

o   Standard/ Conventional

·         Midline Catheters

o   Standard

o   Power-Injectable

·         Peripherally Inserted Central Catheter (PICCs)

o   Standard

o   Power-Injectable

·         Central Venous Catheter (CVCs)

o   Acute

o   Tunneled

·         Dialysis Catheters

o   Acute

o   Tunneled

·         Implantable Ports

o   Single-Lumen

o   Dual-Lumen

Vascular Access Devices End User

·         Hospitals

·         Ambulatory care centers

·         Other end users

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         ICU Medical

·         Becton Dickinson and Company

·         Nipro

·         Vygon

·         Angio,Dynamics, Inc.

·         Medical Components Inc.

·         Shanghai Puyi Medical Instruments Co. Ltd.

·         Argon Medical Devices

·         Merit Medical Systems

·         B. Braun

·         Cook

·         Medtronic Plc

·         Newtech Medical Devices Pvt. Ltd.

·         PolyMedicure

·         PFM Medical GmbH

·         Guangdong Baihe Medical Technology Co. Ltd.

·         PakuMed Medical Components GmbH

·         Healthline Medical Products

·         Other Players

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