Global vascular access devices market is poised to grow at a CAGR over 8.5% over the forecast period of 2016 to 2022. Vascular access devices are used to gain access to the bloodstream. These devices are hollow and flexible and are made up of materials such as latex and/or silicon. These devices are primarily used for delivering medication, nutritional compounds and blood products into veins of the consumer. The global vascular access devices market has grown at a substantial rate in the recent past. The growth in the global vascular access devices market is driven by factors such as increase in number of diseases and health issues, changing reimbursement policies, rapid demographic changes and technological advancements. However, pricing issues and regulatory issues along with risks associated with catheter are among the factors that are likely to restrain the growth in the global vascular access devices market over the period of 2016 to 2022.
The research on vascular access devices market is based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the VAD market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days
The global VAD market is segmented on the basis of product types, applications and end-users.
Product types: The global vascular access devices market on the basis of product types is segmented as catheter, intravenous needles, parenteral pumps, and others. The catheter segment is further subdivided into central and peripheral devices.
Applications: on the basis of product types the vascular access devices market is segmented as Therapeutics, Diagnostic purpose
End-User: the end users covered in the report include hospitals, diagnostic centres, and, others.
Region: The global vascular access devices market is segmented into regions such as North America, Europe, Asia-Pacific, and RoW.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. The North America region, owing to large consumer base in the U.S. and Canada, is expected to dominate the world VAD market. Asia-Pacific is expected to grow at a highest CAGR over the forecast period of 2016 to 2022.
Competitive scenario and market share of the leading players in the vascular access devices market has been discussed in detail. The leading players of the industry are profiled in detail with their recent developments and other strategic industry activities. These include Medtronic, Inc., Siemens Healthcare, B. Braun Melsungen AG, Becton, Baxter International, Cook Medical, Inc., Disckinson, Delta Hi-Tech, Inc., Esaote North America, EXEL International, FUJIFILM SonoSite, Inc. and GE Healthcare.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of vascular access devices globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of vascular access devices. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the vascular access devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers of the Vascular Access devices market to understand the present and future trends in this market and formulate their strategies accordingly.