New York, NY 23 Dec 2020: The global Vascular Access Device Market size is expected to reach USD 7.72 billion by 2027 according to a new study by Polaris Market Research. The report “Vascular Access Device Market Share, Size, Trends, Industry Analysis Report, By Type (Central Vascular Access Devices {Peripherally Inserted Central Catheters, Tunneled Catheters, Percutaneous Non-Tunneled Catheters, and Implanted Ports} Peripheral Vascular Access Devices {Short Midline Catheters, Midclavicular Catheters, and Winged Steel Needles}; and Other Accessories); By Application (Fluid and Nutrition Administration, Drug Administration, Blood Transfusion, and Diagnostics & Testing); By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Other End Users); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Devices that are used to access venous irrespective of their location are known as vascular access devices (VAD). The different types of VADs include centrally inserted central catheter (CICC), peripheral intravenous catheters, and peripheral central catheter (PICC), and other implanted venous ports. VADs are inserted into peripheral or central vessels for the administration of fluids, antibiotics, parenteral nutrition, and blood sampling.
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The selection VADs is extremely important in treating any particular medical condition to reduce the risk of catheter bound infections. Healthcare practitioners should be aware of selecting VADs with least number of the lumen and small French size to minimize infections and thrombotic complications. For instance, people suffering with chronic kidney disorder seeking central venous access should avoid placement PICC and CICC to avoid the complication of venous stenosis and deep vein thrombosis.
The factors responsible for the growth of global market are rising cases of chronic kidney disorder (CKD), increasing cases of PAD and CAD among geriatrics, and preference of patients towards minimal invasive surgeries is contributing to the worldwide demand of vascular devices. According to the statistics published by Center for Disease Control and Prevention (CDC), in 2019, more than 8.5 million U.S. citizens were suffering with peripheral artery disease (PAD). People with PAD are more susceptible to develop coronary artery disease, which could ultimately lead to strokes or cardiac arrhythmias.
Market participants such as Smiths Medical, Inc., Becton Dickinson and Company, C.R. Bard, Inc., Teleflex Incorporated, B. Braun Melsungen Ag, Bluegrass Vascular Technologies, Edwards Lifesciences Corporation, Angiodynamics Inc., Biomerics, Terumo Corporation, Romsons Scientific & Surgical Pvt. Ltd, Nipro Medical Corporation, Ameco Medical, and Prodi med are some of the key players operating in the concerned market. These players in the industry possess a significant share in the global market. However, these significant players face competition from local manufacturers in several countries. They adopt competitive pricing to consolidate their market share. These vendors provide cost-effective equipment with limited features and functionalities.
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New York, NY 22 Sep 2021: The global vascular access devices market size is expected to reach USD 8.03 billion by 2028 according to a new study by Polaris Market Research.
The report “Vascular Access Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Administration of Fluid & Nutrition, Transfusion of Blood Products, Diagnostics & Testing, Administration of Drugs); By Device; By Route of Insertion; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.The demand for central vascular access devices was high in 2020.
The central vascular access devices include tunneled catheters, non-tunneled catheters, peripherally inserted central catheters, implanted ports, and others.
Implanted ports enable repeated and long-term access to the bloodstream usually over months to years.Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/vascular-access-device-market/request-for-sampleGovernments across the globe are investing significantly in the development of advanced healthcare infrastructure, boosting market growth.
Vascular access devices are used in diagnostic centers, hospitals, clinics, ambulatory surgery centers, and others.
The hospital segment accounted for the highest share in 2019.
Central venous/vascular access devices are small, flexible tubes placed in large veins for people who require frequent access to the bloodstream.
Venous access devices that can be implanted under the skin were introduced in 1982.
They allow medications to be delivered directly into larger veins, are less likely to clot, and can be left in for long periods.
The CVAD may contain one or two tubes.
When a CVAD contains two tubes, it is called a double or dual lumen catheter and may also be used for injecting contrast for CT or MRI scans (depending on type of CVAD).In terms of percentage share contribution by product, the peripheral catheters segment is expected to account for 48.24% by 2025, emerging as the leading segment by value.The central vascular access devices market is largely consolidated, with the top five players accounting for a share of over 69% in 2017.
Bard, Teleflex, Inc., Terumo Corporation, Smiths Medical, Inc and Edwards Lifesciences Corporation are leading the market, other prominent players include Becton Dickinson, B.Braun, Vygon Ltd, AngioDynamics.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-central-vascular-access-device-2019-2024-767According to this study, over the next five years the Central Vascular Access Device market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 2410 million by 2024, from US$ 1850 million in 2019.
