Discover trends, market shifts, and competitive outlooks for the vascular access devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Projections for the CAGR of the Vascular Access Devices Market Size From 2025 to 2034?

The market size of vascular access devices has seen robust growth in the past few years. The market, which was valued at $5.74 billion in 2024, is predicted to rise to $6.16 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.2%. The substantial growth experienced in the historic period is a result of increasing chronic diseases, an aging population, the expansion of healthcare infrastructure, a climb in surgical procedures, and advances in awareness and training.

The market for vascular access devices is projected to witness robust expansion in the coming years, expected to reach a valuation of $7.96 billion by 2029 with a compound annual growth rate (CAGR) of 6.6%. The anticipated growth during the forecast period can be ascribed to advancements in the field of material science, the increasing prevalence of ambulatory care, healthcare globalization, telemedicine and remote healthcare, with a concentrated effort on controlling infections. Key trends forecasted for this period include a heightened focus on preventing infections and adopting antimicrobial technologies, a rising demand for specialized vascular access devices, increased emphasis on training and education for healthcare professionals, and combined initiatives for new product development and market proliferation.

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What External and Internal Drivers Are Contributing to the Growth of the Vascular Access Devices Market?

The vascular access devices market’s growth is anticipated to be fueled by the increasing incidence of lifestyle illnesses. These non-communicable or chronic illnesses, also known as lifestyle diseases, are usually the result of unhealthy behaviors and lifestyle choices, not infectious pathogens. Continuous treatment and care are often required for these diseases, making vascular access devices crucial for delivering medications and therapies safely and effectively. For example, the World Health Organization, based in Switzerland, reported in September 2022 that 41 million deaths, or 74% of total deaths, were due to non-communicable or chronic diseases. These included 17.9 million from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Consequently, the rising incidence of lifestyle illnesses is propelling the growth of the vascular access devices market.

What Segment Types Define the Vascular Access Devices Market Structure?

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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Which Geographic Areas Hold the Strongest Growth Potential in the Vascular Access Devices Market?

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.

What Long-Term Trends Are Transforming the Competitive Landscape of the Vascular Access Devices Market?

Key players in the vascular access devices market are shifting their focus towards the creation of more efficient devices using innovative technologies like TipTracker to maintain their competitive advantage. TipTracker Technology offers a real-time visual navigation system that traces the catheter pathway on a color display and assists in verifying the final tip position. For example, in May 2023, Teleflex Incorporated, a medical device manufacturer based in the US, introduced two new devices, VPS Rhythm and DLX Device, which are equipped with TipTracker technology. This rules out the necessity for confirmatory X-rays and simplifies the peripherally inserted central catheter (PICC) insertion procedure. It also guarantees better PICC access to the superior vena cava (SVC) for a successful insertion. The introduction of VPS Rhythm and DLX Device enhances patient care, offers more treatment alternatives, increases efficiency, and promotes medical advancements.

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What Is the Definition of the Vascular Access Devices Market?

Vascular access devices (VADs) are medical devices that provide access to the bloodstream for a number of tasks, including giving drugs, administering fluids or blood products, or performing diagnostic tests. These devices are used to avoid the need for repeated needle punctures in patients, making it more convenient for both healthcare providers and patients.

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