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How has the vascular access devices market grown over the years?

The vascular access devices market has seen strong growth and is expected to rise from $5.74 billion in 2024 to $6.16 billion in 2025, with a 7.2% CAGR. Factors contributing to this growth include the increasing prevalence of chronic diseases, an aging population, healthcare infrastructure development, a rise in surgical procedures, and greater awareness and training.

What Is the forecasted market size and growth rate for the vascular access devices market?

The vascular access devices market is expected to experience strong growth, reaching $7.96 billion by 2029 at a CAGR of 6.6%. Growth will be driven by advancements in material science, the rise of ambulatory care, healthcare globalization, the expansion of telemedicine, and an increased focus on infection control. Notable trends include a strong emphasis on infection prevention, growing demand for specialized vascular access devices, enhanced training and education for healthcare professionals, and collaborative efforts for product innovation and market expansion.

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What are the major factors driving growth in the vascular access devices market?

The escalating incidence of lifestyle-related diseases is projected to accelerate the expansion of the vascular access devices market. These non-infectious health conditions, also known as chronic or non-communicable diseases (NCDs), mainly result from unhealthy lifestyle habits and choices. Given that these diseases often necessitate continuous treatment and care, vascular access devices become indispensable for the secure and effective administration of medications and therapies. For example, the World Health Organization, an intergovernmental organization based in Switzerland, reported in September 2022 that there were 41 million fatalities worldwide, accounting for 74% of all deaths annually due to NCDs or chronic diseases. This included 17.9 million deaths from cardiovascular diseases, 9.3 million due to cancer, 4.1 million related to chronic respiratory diseases, and 2.0 million from diabetes. As a result, the surging incidence of lifestyle diseases is fuelling the growth of the vascular access devices market.

What key areas define the segmentation of the global vascular access devices Market?

The vascular access devices market covered in this report is segmented –

1) By Device Type: Central Vascular Access Devices, Peripheral Vascular Access Devices

2) By Application: Drug Administration, Fluid And Nutrition Administration, Blood Transfusion, Diagnostics And Testing

3) By End User: Hospitals, Clinics, Ambulatory Care Centers, Other End Users

Subsegments:

1) By Central Vascular Access Devices: Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC), Implantable Ports

2) By Peripheral Vascular Access Devices: Peripheral IV Catheters, Midline Catheters, Butterfly Needles

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What are the top market players propelling the growth of the vascular access devices industry?

Major companies operating in the vascular access devices market report are Medtronic PLC, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company (BD), Baxter International Inc., Boston Scientific Corporation, Medline Industries LP, Terumo Corporation, Edwards Lifesciences Corp., B. Braun Melsungen AG, Teleflex Incorporated, ICU Medical Inc., Cook Medical, Merit Medical Systems Inc., Biotronik Inc., AngioDynamics Inc., Argon Medical Devices Inc., Nipro Medical Corporation, pfm medical ag, Amecath Medical Technologies, Romsons Group, Medical Components Inc., Access Vascular Inc., Newtech Medical Devices Pvt. Ltd., Vygon USA

What are the key trends shaping the future of the vascular access devices market?

Leading companies in the vascular access devices market are intensifying their focus on crafting more effective devices utilizing cutting-edge technologies such as TipTracker technology to secure a competitive advantage. This technology offers live visual navigation and tracks the catheter’s pathway on a vivid color screen, aiding in affirming final tip placement. For instance, in May 2023, Teleflex Incorporated, an American medical devices manufacturer, introduced two novel devices, the VPS Rhythm and the DLX Device. These new devices, featuring TipTracker technology, remove the necessity for confirmatory X-rays, simplifying the process of PICC insertion. Furthermore, they assure improved advancement of PICC into the superior vena cava (SVC) for successful insertion. The introduction of the VPS Rhythm and DLX Device enhances the market by improving patient care, broadening treatment choices, boosting efficiency, and fostering technological advancements in medicine.

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What regions are dominating the vascular access devices market growth?

North America was the largest region in the vascular access devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular access devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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