Global Vascular Access Device Market Overview:
Venous access devices are the set devices ranging from peripheral IV cannula to central catheter used to access the arterial circulation. Vascular access devices are implanted into veins through peripheral or central vessels for the purpose of diagnosis making or therapeutic reasons. Central and peripheral are two major types of venous access devices. Central venous access devices are often referred to as venous access ports or catheters, because they permit frequent access to the veins deprived of deep needle sticks. Peripheral cannulae are the most commonly used type of venous access devices and are appropriate for short-term infusions of fluids, blood products, and medication.
Growth Drivers
- Rising Number of Chemotherapy Processes
- Growing Use of Vascular Access Devices in Pediatric Patients
Roadblocks
- High Costs Related to the Placement and Maintenance of Vascular Access Devices
- Stringent Rules and Regulations for Medical Devices
Opportunities
- Increase in Examination and Clinical Trials for Vascular Access Devices
Challenges
- Scarcity of Skilled Professionals
- Risks Related to Vascular Access Devices
Competitive Landscape:
Some of the key players profiled in the report are C.R Bard (United States), B. Braun Melsungen AG (Germany), Cook Medical Inc. (United States), Teleflex, Inc. (United States), Smiths Medical (United States), Vygon U.S.A (United States), Romson Scientific (India), Prodimed (France), 3M. (United States), Bionic Medizintechnik GmbH (Germany) and Medtronic PLC (Ireland). Additionally, following companies can also be profiled that are part of our coverage like Biosensors International Group, Ltd (Singapore), Fresenius Medical Care Asia Pacific Limited (Hong Kong) and Edward Lifescience Corporation LLC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Vascular Access Device market by 2026. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Vascular Access Device market.
Latest Market Insights:
On August 27, 2019 - Smiths Medical, a leading global medical device manufacturer, announced today it has partnered with Medline Industries for distribution of the Portex acapella choice vibratory PEP therapy device. This enhanced distribution partnership will be focused on the non-acute and home care channels.
What Can be Explored with the Vascular Access Device Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Vascular Access Device Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Vascular Access Device
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vascular Access Device market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vascular Access Device market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Venous Access Devices, Suppliers of Venous Access Devices, Wholesalers, Distributors and Retailers of Venous Access Devices, Healthcare Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.