Updates on Vascular Access Device Industry to 2022 “Key Development Insights, Global Trends and Forecast”

Press Release   •   Jan 17, 2018 02:35 EST

Vascular Access Devices Industry include Major players include Becton Dickinson and Company (U.S.), Smiths Medical, Inc. (U.K.), and C.R.Bard, Inc. (U.S.). Vascular access device market players include Teleflex Incorporated (U.S.) B.Braun Melsungen Ag (Germany), Angiodynamics (U.S.), Terumo Corporation (Japan), Nipro Medical Corporation, Edwards Lifesciences Corporation (U.S.), Ameco Medical (Egypt), Romsons Scientific & Surgical Pvt. Ltd (India), and Prodi med (France).

Complete Report on Vascular Access Device Market spread across 138 Pages, Profiling 12 Companies and Supported with 69 Tables and 40 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1146775 .

Vascular access devices include central vascular access devices, peripheral vascular access devices, and accessories. Report analyzes market by type, application, end user, and region. The global vascular access device market is projected to grow from USD 3.87 Billion in 2017 to reach to USD 5.45 Billion by 2022 at a CAGR of 7.1%.

Target audience of medical packaging market

  • Medical packaging manufacturers
  • OEMs
  • Manufacturing organizations
  • Automotive manufacturers
  • Construction organizations

The geographic segments in this report include North America, Europe, Asia-Pacific, and RoW. Of these, the North American segment is expected to account for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the high prevalence of cardiovascular diseases in the U.S.; an increase in the number of cancer cases; and an increase in research and clinical trials for vascular access devices.

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The vascular access devices market segmented into drug administration, fluid and nutrition administration, blood transfusion, and diagnostics & testing. Drug administration segment expected to grow at the highest CAGR in 2017. This positive growth rate can primarily be attributed to high usage of vascular access devices for drug administration for the treatment of infections, cancer, and other diseases.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–55%, Tier 2–25% and Tier 3–20%
  • By Designation– C-level–43%, Director Level–32%, Others–25%
  • By Region – North America–38%, Europe–23%, Asia-Pacific–29%, RoW–10%

Vascular access device market report analyzes by type, application, end user, and region. Type segment includes central vascular access devices, peripheral vascular access devices, and accessories. Central vascular access devices segment is expected to account for largest share of vascular access devices market in 2017. Dominant share of market is attributed to fact that central vascular access devices are used in chemotherapy & for treatment of cardiovascular disorders & chronic kidney disorders.

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In terms of region, North America accounted for the largest share in 2016. North America is a developed market due to the high standard of living of consumers, excellent healthcare facilities, and strict protocol for medical packaging. The U.S. accounted for the largest country-level market for medical packaging, globally. The reason for growth is high technological development, high disposable income, excellent medical & healthcare infrastructure, and strict FDA regulations.