A recent report published by Infinium Global Research on vascular access devices market provides in depth analysis of segments and sub-segments in global as well as regional vascular access devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional vascular access devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vascular access devices market. According to report the global vascular access devices market is projected to grow at a CAGR of 6.7% over the forecast period of 2017-2023.
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.
Figure 1: Global Vascular Access Devices Market by Value 2015-2023
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 2015 to 2023. 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 report on global vascular access devices market covers segments such as, product type, applications and end users. On the basis of product type the global vascular access devices market is categorized into catheter, intravenous needle, parenteral pumps and others. On the basis of applications the global vascular access devices market is categorized into therapeutics and diagnostic purpose. On the basis of end users the global vascular access devices market is categorized into hospital, diagnostic centers and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Vascular Access Devices Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global vascular access devices market such as, Medtronic, Inc., Siemens Healthcare, B. Braun Melsungen AG, Becton, Baxter International, Cook Medical, Inc., Disckinson, Delta Hi-Tech, Inc., Esaote North America, EXEL International and FUJIFILM SonoSite, Inc.
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 global vascular access devices market. 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 DRO analysis of vascular access devices market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. 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. This report will help manufacturers, suppliers and distributors of the vascular access devices market to understand the present and future trends in this market and formulate their strategies accordingly.
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