Vascular Access Devices Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

How Will the Vascular Access Devices Market Grow, and What Is the Projected Market Size?
The market size for vascular access devices has seen significant growth in the past few years. The forecast is that it will expand from $5.74 billion in 2024 to $6.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period can be linked to the increase in chronic diseases, an aging population, the expansion of healthcare infrastructure, rising number of surgical procedures, and improved awareness and training.

Expectations are high for substantial growth in the vascular access devices market in the forthcoming years. Projected to reach a value of $7.96 billion by 2029, it's estimated to grow at a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the forecast period include advancements in material science, the expansion of ambulatory care, the universalization of healthcare, along with the rise of telemedicine and remote healthcare, and increased focus on infection control. Key trends predicted during the forecast period encompass a focus on preventing infection and the rise of antimicrobial technologies, a surge in specialty vascular access device demand, increased emphasis on the training and education of healthcare professionals, and collaborations for product development and expansion in the market.

What Key Elements Are Boosting Growth in the Vascular Access Devices Market?
The increasing incidence of lifestyle diseases is anticipated to drive the growth of the vascular access devices market. Lifestyle diseases, also referred to as non-communicable diseases (NCDs) or chronic diseases, are health conditions majorly caused by unhealthy lifestyle habits and behavior rather than infective agents. These diseases often necessitate uninterrupted treatment and care, making vascular access devices indispensable for the secure and effective administration of medications and treatments. For example, the World Health Organization, an intergovernmental establishment based in Switzerland, reported in September 2022, that there were 41 million deaths globally which represents 74% of deaths resulting from non-communicable diseases (NCDs) or chronic diseases yearly. The breakdown includes 17.9 million deaths due to cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the rising prevalence of lifestyle diseases is fostering the growth of the vascular access devices market.

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Who Are the Major Industry Players Fueling Vascular Access Devices Market Expansion?
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

Which Key Developments Are Influencing the Vascular Access Devices Market?
Large corporations in the vascular access devices market are shifting their attention towards the creation of more effective devices by utilizing cutting-edge technologies like TipTracker technology to retain their competitive standing. This technology provides real-time visual navigation, which traces the pathway of the catheter on a colored screen and verifies the final positioning of the tip. For instance, in May 2023, Teleflex Incorporated, a medical device production company based in the US, released two new devices - VPS Rhythm and DLX Device. These devices leverage the TipTracker technology, thereby removing the necessity for supplementary X-rays and simplifying the process of peripherally inserted central catheter (PICC) insertion. Additionally, they guarantee enhanced PICC progression into the superior vena cava (SVC) for successful insertion. By launching these devices, Teleflex Incorporated has added value by not just augmenting patient care but also by widening treatment choices, promoting efficiency and fostering medical advancements.

How Is the Segmentation of the Vascular Access Devices Market Defined?
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 Is the Leading Region 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 Is Covered In The Vascular Access Devices Global Market Report?

- Market Size Analysis: Analyze the Vascular Access Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vascular Access Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vascular Access Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vascular Access Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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