Vascular Access Devices Market: Technological Innovations to Drive

(Market Stats News via Comtex)

The vascular access devices market size was valued at US$ 6.2 billion in 2020 and is projected to expand at a CAGR of 6.1% from 2021 to 2030. The vascular access devices market size is expected to reach over US$ 10.5 billion by 2030. Increase in number of lifestyle diseases, Increase in incidences of target diseases, and technological innovations are projected to drive the global vascular access devices market during the forecast period.

Key Drivers

  • Unhealthy lifestyle and diet, lack of exercise are some of the factors responsible for increasing incidences of lifestyle diseases such as diabetes, blood pressure and obesity.
  • According to International Diabetes Federation (IDF), in 2014, around 338 Mn people were diagnosed with diabetes, and according to WHO, in 2014, around 1.9 Bn adult population, was obese or overweight.
  • Thus, increasing incidences of lifestyle diseases propels the need for hospitalization, thereby, driving the demand for vascular access devices market.

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Increase in Incidences of Target diseases to Boost Market Growth

  • Cancer is one of the leading cause for rising demand of vascular access devices globally. In 2014, U.S. alone had an estimated 1.6 million new cancer cases.
  • According to WHO, in 2013, there were an estimated 14.8 Mn. new cancer cases worldwide.
  • Rising number of cancer cases increases the demand for central venous catheters, and new totally implantable ports, for administration of chemotherapy medications.

Technological Innovations to Drive Market

  • Innovative technologies, products and procedures are constantly fueling the growth in the market. New catheter material compositions that improve user's pre and post-catheterization comfort, antimicrobial coatings that prevent the formation of biofilms and crusts are some of the advances, which manufacturers and researchers are developing.
  • Biocompatible materials, such as silicone and polymer mixes, are substituting latex materials, giving rise to lubricious internal and external surfaces that reduce pain during Administrations. Silicon coated and 100% silicone catheters are already in widespread use in cases where patients are allergic or hypersensitive to latex.
  • Antimicrobial coating, and drug coated catheters are the most recently approved products by the U.S.-FDA, that have reduced catheter related infections, and complications.

Peripheral Catheters Segment to Dominate Market

  • In terms of product, the vascular access devices market is segmented into peripheral catheters, central catheters, and accessories. Peripheral catheters segment is segmented into PIVC and midline catheters. The central catheters are further classified into PICC, Central Venous Catheters, Implantable ports, and dialysis catheters.
  • Peripheral catheters accounted to larger market share in terms of revenue in 2018 and expected to grow in the forecast period due to due to cost effectiveness, ease of insertion, reduced complication risks associated with use of other catheters, and government regulations.
  • Peripheral catheters are most widely accepted catheters globally, especially in emerging economies, due to advantages over central catheters such as ease of administration, less frequency of catheter related complications, lesser duration of usage (around one week), and cost effectiveness. Hence, the segment holds higher share globally in vascular access devices market.

Medication Administration segment to be Highly Lucrative Segment

  • By application, the vascular access devices market is segmented into medication administration, administration of fluids and nutritional compounds, transfusion of blood products, and diagnostic testing.
  • Medication administration segment accounted for larger market share in terms of revenue in 2020, medication administration segmented accounted for more than 45% of the market share in 2018 due to high prevalence and rise in incidence rates of chronic disorders across the globe.

Intravenous Route segment to dominate the Market

  • By route of administration, the vascular access devices market is segmented into intravenous route and subcutaneous route.
  • Intravenous route segment accounted for larger market share in terms of revenue in 2020, intravenous route segmented accounted for more than 75% of the market share in 2020 due to reliability and rapid delivery of medication. Increasing use of PICC and PIVC devices support the growth of the intravenous Route of Administration segment.

Hospitals Segment to offer attractive opportunity

  • Based on the end-user, the market has been segmented into hospitals, clinics, ambulatory surgical centers and diagnostic centers.
  • The hospitals segment dominated the market in 2020 and is anticipated to remain dominant in the forecast period owing to the increasing demand for minimal invasive procedures and increasing number of surgeries for vascular diseases.

North America to Dominate Global Market

  • In terms of region, the global vascular access devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
  • North America dominated the global vascular access devices in 2020 and is estimated to maintain its leading position by the end of 2027 with sight decline in the market share.
  • Increased adoption of technological advanced products in the region, high prevalence of vascular disorders, rapidly aging population, and well established healthcare infrastructure etc. factors have contributed to dominant share of the region in global market.
  • The market in the Asia Pacific region is projected to expand at exponential growth rate during the forecast period. The highest growth rate in the Asia Pacific region is attributed to increased market penetration of global players in highly populous countries such as China, India, Taiwan, rapidly improving healthcare industry in the region, and comparatively large patient pool with vascular and chronic disorders.

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Competitive Landscape

  • The global vascular access devices market is fragmented in terms of number of players. Key players operating in the global vascular access devices market includes, include B. Braun Melsungen AG, Baxter International, Becton, Dickinson and Company, Cook Medical, Medtronic plc, W. L. Gore & Associates, Inc., Teleflex, Inc., Siemens Healthineers, Nipro Medical Corporation and Fresenius Medical Care.

Market Segmentation:

By Product

  • Peripheral Catheters
    • PIVC
    • Midline Catheters
  • Central Catheters
    • PICC
    • Central Venous Catheters
    • Dialysis Catheters
    • Implantable Ports
  • Accessories

By Application

  • Medication Administration
  • Administration of Fluid and Nutrition
  • Transfusion of Blood Products
  • Diagnostic Testing

By Route of Administration

  • Subcutaneous
  • Intravenous

By End-user

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Diagnostic Laboratories

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Table of Content

  1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

  1. Assumptions and Research Methodology
  2. Executive Summary: Global Vascular Access Devices Market
  3. Market Overview

4.1. Introduction

4.2. Key Industry Developments

  1. Market Dynamics

5.1. Drivers

5.2. Restraints

5.3. Opportunities

5.4. Trends

5.5. Global Vascular Access Devices Market Size (US$ Mn) Forecast, 2017-2030

5.6. Global Vascular Access Devices Market Volume (Units) Forecast, 2017-2030

5.7. Global Vascular Access Devices Market Outlook

5.8. Porters Analysis

5.9. Value Chain Analysis

  1. Global Vascular Access Devices Market Analysis and Forecast, by Product

6.1. Key Findings

6.2. Introduction

6.3. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

6.3.1. Peripheral Catheters

6.3.1.1. PIVC

6.3.1.2. Midline Catheters

6.3.2. Central Catheters

6.3.2.1. PICC

6.3.2.2. Central Venous Catheters

6.3.2.3. Dialysis Catheters

6.3.2.4. Implantable Ports

6.3.3. Accessories

6.4. Market Attractiveness Analysis, by Product

6.5. Key Trends

  1. Global Vascular Access Devices Market Analysis and Forecasts, by Application

7.1. Key Findings

7.2. Introduction

7.3. Market size (US$ Mn) Forecast, by Application, 2021-2030

7.3.1. Medication Administration

7.3.2. Administration of Fluid and Nutrition

7.3.3. Transfusion of Blood Products

7.3.4. Diagnostic Testing

7.4. Market Attractiveness Analysis, by Application

  1. Global Vascular Access Devices Market Analysis and Forecasts, by Route of Administration

8.1. Key Findings

8.2. Introduction

8.3. Market size (US$ Mn) Forecast, by Route of Administration, 2021-2030

8.3.1. Subcutaneous

8.3.2. Intravenous

Market Attractiveness Analysis, by Route of Administration

  1. Global Vascular Access Devices Market Analysis and Forecasts, by End-user

9.1. Key Findings

9.2. Introduction

9.3. Market size (US$ Mn) Forecast by End-user, 2021-2030

9.3.1. Hospitals

9.3.2. Clinics

9.3.3. Ambulatory Surgery Centers

9.3.4. Diagnostic Laboratories

9.4. Market Attractiveness Analysis, by End-user

  1. Global Vascular Access Devices market Analysis and Forecasts, by Region

10.1. Key Findings

10.2. Global Market Scenario

10.3. Market Value (US$ Mn) Forecast, by Region, 2021-2030

10.3.1. North America

10.3.2. Europe

10.3.3. Asia Pacific

10.3.4. Latin America

10.3.5. Middle East & Africa

10.4. Market Attractiveness Analysis, by Region

10.5. Key Trends, By Region

  1. North America Vascular Access Devices market Analysis and Forecast

11.1. Key Findings

11.2. Market Value (US$ Mn) Forecast, by Country, 2021-2030

11.2.1. U.S.

11.2.2. Canada

11.3. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

11.3.1. Peripheral Catheters

11.3.1.1. PIVC

11.3.1.2. Midline Catheters

11.3.2. Central Catheters

11.3.2.1. PICC

11.3.2.2. Central Venous Catheters

11.3.2.3. Dialysis Catheters

11.3.2.4. Implantable Ports

11.3.3. Accessories

11.4. Market size (US$ Mn) Forecast, by Application, 2021-2030

11.4.1. Medication Administration

11.4.2. Administration of Fluid and Nutrition

11.4.3. Transfusion of Blood Products

11.4.4. Diagnostic Testing

11.5. Market size (US$ Mn) Forecast, by Route of Administration, 2021-2030

11.5.1. Subcutaneous

11.5.2. Intravenous

11.6. Market size (US$ Mn) Forecast by End-user, 2021-2030

11.6.1. Hospitals

11.6.2. Clinics

11.6.3. Ambulatory Surgery Centers

11.6.4. Diagnostic Laboratories

11.7. Market Attractiveness Analysis

11.7.1. By Country

11.7.2. By Product

11.7.3. By Application

11.7.4. By Route of Administration

11.7.5. By End-user

  1. Europe Vascular Access Devices market Analysis and Forecast

12.1. Key Findings

12.2. Market Value (US$ Mn) Forecast By Country/Sub-region, 2021-2030

12.2.1. Germany

12.2.2. U.K.

12.2.3. France

12.2.4. Italy

12.2.5. Spain

12.2.6. Rest of Europe

12.3. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

12.3.1. Peripheral Catheters

12.3.1.1. PIVC

12.3.1.2. Midline Catheters

12.3.2. Central Catheters

12.3.2.1. PICC

12.3.2.2. Central Venous Catheters

12.3.2.3. Dialysis Catheters

12.3.2.4. Implantable Ports

12.3.3. Accessories

12.4. Market Value (US$ Mn) Forecast, by Application, 2021-2030

12.4.1. Medication Administration

12.4.2. Administration of Fluid and Nutrition

12.4.3. Transfusion of Blood Products

12.4.4. Diagnostic Testing

12.5. Market Value (US$ Mn) Forecast, by Route of Administration, 2021-2030

12.5.1. Subcutaneous

12.5.2. Intravenous

12.6. Market Value (US$ Mn) Forecast by End-user, 2021-2030

12.6.1. Hospitals

12.6.2. Clinics

12.6.3. Ambulatory Surgery Centers

12.6.4. Diagnostic Laboratories

12.7. Market Attractiveness Analysis

12.7.1. By Country/Sub-region

12.7.2. By Product

12.7.3. By Application

12.7.4. By Route of Administration

12.7.5. By End-user

  1. Asia Pacific Vascular Access Devices market Analysis and Forecast

13.1. Key Findings / Developments

13.2. Market Overview

13.3. Market size (US$ Mn) Forecast, by Country/Sub-region, 2021-2030

13.3.1. China

13.3.2. India

13.3.3. Japan

13.3.4. Australia & New Zealand

13.3.5. Rest of Asia Pacific

13.4. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

13.4.1. Peripheral Catheters

13.4.1.1. PIVC

13.4.1.2. Midline Catheters

13.4.2. Central Catheters

13.4.2.1. PICC

13.4.2.2. Central Venous Catheters

13.4.2.3. Dialysis Catheters

13.4.2.4. Implantable Ports

13.4.3. Accessories

13.5. Market Value (US$ Mn) Forecast, by Application, 2021-2030

13.5.1. Medication Administration

13.5.2. Administration of Fluid and Nutrition

13.5.3. Transfusion of Blood Products

13.5.4. Diagnostic Testing

13.6. Market Value (US$ Mn) Forecast, by Route of Administration, 2021-2030

13.6.1. Subcutaneous

13.6.2. Intravenous

13.7. Market Value (US$ Mn) Forecast by End-user, 2021-2030

13.7.1. Hospitals

13.7.2. Clinics

13.7.3. Ambulatory Surgery Centers

13.7.4. Diagnostic Laboratories

13.8. Market Attractiveness Analysis

13.8.1. By Country/Sub-region

13.8.2. By Product

13.8.3. By Application

13.8.4. By Route of Administration

13.8.5. By End-user

  1. Latin America Vascular Access Devices market Analysis and Forecast

14.1. Key Findings / Developments

14.2. Market Overview

14.3. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021-2030

14.3.1. Brazil

14.3.2. Mexico

14.3.3. Rest of Latin America

14.4. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

14.4.1. Peripheral Catheters

14.4.1.1. PIVC

14.4.1.2. Midline Catheters

14.4.2. Central Catheters

14.4.2.1. PICC

14.4.2.2. Central Venous Catheters

14.4.2.3. Dialysis Catheters

14.4.2.4. Implantable Ports

14.4.3. Accessories

14.5. Market Value (US$ Mn) Forecast, by Application, 2021-2030

14.5.1. Medication Administration

14.5.2. Administration of Fluid and Nutrition

14.5.3. Transfusion of Blood Products

14.5.4. Diagnostic Testing

14.6. Market Value (US$ Mn) Forecast, by Route of Administration, 2021-2030

14.6.1. Subcutaneous

14.6.2. Intravenous

14.7. Market Value (US$ Mn) Forecast by End-user, 2021-2030

14.7.1. Hospitals

14.7.2. Clinics

14.7.3. Ambulatory Surgery Centers

14.7.4. Diagnostic Laboratories

14.8. Market Attractiveness Analysis

14.8.1. By Country/Sub-region

14.8.2. By Product

14.8.3. By Application

14.8.4. By Route of Administration

14.8.5. By End-user

  1. Middle East and Africa Vascular Access Devices market Analysis and Forecast

15.1. Key Findings / Developments

15.2. Market Overview

15.3. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021-2030

15.3.1. GCC Countries

15.3.2. South Africa

15.3.3. Rest of Middle East and Africa

15.4. Market Value (US$ Mn) and Volume (Units) Forecast, by Product, 2021-2030

15.4.1. Peripheral Catheters

15.4.1.1. PIVC

15.4.1.2. Midline Catheters

15.4.2. Central Catheters

15.4.2.1. PICC

15.4.2.2. Central Venous Catheters

15.4.2.3. Dialysis Catheters

15.4.2.4. Implantable Ports

15.4.3. Accessories

15.5. Market Value (US$ Mn) Forecast, by Application, 2021-2030

15.5.1. Medication Administration

15.5.2. Administration of Fluid and Nutrition

15.5.3. Transfusion of Blood Products

15.5.4. Diagnostic Testing

15.6. Market Value (US$ Mn) Forecast, by Route of Administration, 2021-2030

15.6.1. Subcutaneous

15.6.2. Intravenous

15.7. Market Value (US$ Mn) Forecast by End-user, 2021-2030

15.7.1. Hospitals

15.7.2. Clinics

15.7.3. Ambulatory Surgery Centers

15.7.4. Diagnostic Laboratories

15.8. Market Attractiveness Analysis

15.8.1. By Country/Sub-region

15.8.2. By Product

15.8.3. By Application

15.8.4. By Route of Administration

15.8.5. By End-user

  1. Competition Landscape

16.1. Global Vascular Access Devices Market Share, by Company, 2018

16.2. Market Player - Competition Matrix (By Tier and Size of companies)

16.3. Company Profiles (Details - Overview, Financials, Recent Developments, Strategy)

16.3.1. B. Braun Melsungen AG

16.3.1.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.1.2.Product Portfolio

16.3.1.3.SWOT Analysis

16.3.1.4.Strategic Overview

16.3.2. Baxter International.

16.3.2.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.2.2.Product Portfolio

16.3.2.3.SWOT Analysis

16.3.2.4.Strategic Overview

16.3.3. Becton, Dickinson and Company

16.3.3.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.3.2.Product Portfolio

16.3.3.3.SWOT Analysis

16.3.3.4.Financial Overview

16.3.3.5.Strategic Overview

16.3.4. C. R. Bard.

16.3.4.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.4.2.Product Portfolio

16.3.4.3.SWOT Analysis

16.3.4.4.Financial Overview

16.3.4.5.Strategic Overview

16.3.5. Cook Medical

16.3.5.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.5.2.Product Portfolio

16.3.5.3.SWOT Analysis

16.3.5.4.Financial Overview

16.3.5.5.Strategic Overview

16.3.6. Medtronic plc.

16.3.6.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.6.2.Product Portfolio

16.3.6.3.SWOT Analysis

16.3.6.4.Financial Overview

16.3.6.5.Strategic Overview

16.3.7. Siemens Healthineers

16.3.7.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.7.2.Product Portfolio

16.3.7.3.SWOT Analysis

16.3.7.4.Financial Overview

16.3.7.5.Strategic Overview

16.3.8. Teleflex, Inc.

16.3.8.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.8.2.Product Portfolio

16.3.8.3.SWOT Analysis

16.3.8.4.Financial Overview

16.3.8.5.Strategic Overview

16.3.9. Nipro Medical Corporation

16.3.9.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.9.2.Product Portfolio

16.3.9.3.SWOT Analysis

16.3.9.4.Financial Overview

16.3.9.5.Strategic Overview

16.3.10. Fresenius Medical Care

16.3.10.1.Company Overview (HQ, Business Segments, Employee Strength)

16.3.10.2.Product Portfolio

16.3.10.3.SWOT Analysis

16.3.10.4.Financial Overview

16.3.10.5.Strategic Overview

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