2024-2033 Global Vascular Access Devices Market Outlook: Projected Size and Growth Rate
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What is the Expected Growth Rate of the Vascular Access Devices Market from 2024 to 2033?
The vascular access devices market is expected to grow from $5.3 billion in 2023 to $5.74 billion in 2024, reflecting an 8.3% CAGR. The market growth is fueled by the rising prevalence of chronic diseases, an aging population, expanded healthcare infrastructure, a higher number of surgical procedures, and greater awareness and training.
The vascular access devices market is expected to grow strongly, reaching $7.48 billion by 2028 at a CAGR of 6.8%. The growth is attributed to advancements in materials science, the rise of ambulatory care, global healthcare expansion, and the focus on infection control. Trends include increased demand for specialty vascular access devices, focus on training for healthcare professionals, collaborative product development efforts, and market expansion.
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What Key Factors Are Fueling the Growth of the Vascular Access Devices Market?
The rising prevalence of lifestyle diseases is expected to boost the growth of the vascular access devices market. Lifestyle diseases are chronic conditions caused by unhealthy lifestyle choices. Vascular access devices are essential for the safe and effective delivery of treatments and medications for these conditions. According to the World Health Organization, in 2022, 41 million deaths globally were caused by non-communicable diseases (NCDs), which account for 74% of all deaths. Among these, 17.9 million were due to cardiovascular diseases. The increasing incidence of lifestyle diseases is contributing to the growth of the vascular access devices market.
What Are the Major Segments of the Vascular Access Devices Market?
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
What New Trends Are Transforming the Vascular Access Devices Market?
In the vascular access devices market, companies are developing more efficient devices using technologies like TipTracker to enhance catheter placement accuracy. TipTracker technology provides real-time visual navigation and confirms catheter tip placement. Teleflex Incorporated introduced the VPS Rhythm and DLX Device in May 2023, incorporating TipTracker technology to streamline the PICC insertion process, reduce the need for X-rays, and improve the success rate of insertion, enhancing patient care and efficiency.
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Which Regions Are Driving Growth in the Vascular Access Devices Market?
North America was the largest region in the vascular access devices market in 2023. 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.
The Vascular Access Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the vascular access devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Vascular Access Devices Market Include
1. Vascular Access Devices Market Executive Summary
2. Vascular Access Devices Market Segments
3. Vascular Access Devices Market Size And Template Market Growth Rate
4. Key Vascular Access Devices Market Trends
5. Major Vascular Access Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Vascular Access Devices Market
26. Top Vascular Access Devices Companies
27. Vascular Access Devices Market Opportunities And Strategies
28. Vascular Access Devices Market, Conclusions And Recommendations
29. Appendix
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