Kenneth Research recently added a report on ‘Vascular Access Devices Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Vascular Access Devices Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Vascular Access Devices Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
According to the Analytics research report, Global Vascular Access Devices Market reached a value of USD 6.7 billion in the year 2018.
Over the past few years, an array of economic, demographic, technological as well as environmental factors have been igniting a revolution in the healthcare industry. Increasing investments in research and development projects associated with vascular access devices by key players including Becton, Dickinson and Company, AngioDynamics, Teleflex, Inc., Fresenius Medical Care, B.Braun Melsungen, etc., has been pushing the market in the right direction. Besides these factors, increasing incidence of chronic diseases and surge in medical tourism have also been supporting the upward trend of the market. On the basis of mode of insertion, the global market has been dominated by intravenous vascular access devices and this trend is anticipated to continue in the forecast period as well. Furthermore, various advantages associated with subcutaneous vascular access devices such as implantable ports include independent/at-home-care, low discernibility, avoidance of puncture wounds and damage directly to the vein, etc. These benefits allow the patients to have more flexibility in their day-to-day lives, which is the principal reason behind their demand growth in the market.
Amongst the regions, North America accounted for the largest regional share in the global vascular access device market in 2018. However, in the forecast period, the Asia Pacific region is anticipated to advance at the highest pace. Some of the key factors driving the robust growth rate of Asia Pacific region include presence of vast consumer base, significant improvements in medical infrastructure in addition to rapid economic development in countries such as China and India.
The report titled “Global Vascular Access Devices Market: Analysis By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports and others), By Mode of Insertion (Intravenous and Subcutaneous), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)- By Region (North America, Europe, Asia Pacific and Rest of the World), By Country (U.S, Canada, United Kingdom, Germany, China, Japan, India, Brazil and Mexico)”, has covered and analyzed the potential of global vascular access devices market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global vascular access devices market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Vascular Access Devices Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Global Vascular Access Devices Market – Size, Growth, Forecast
- By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports, Others)
- By Mode of Insertion (Intravenous and Subcutaneous)
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Regional Vascular Access Devices market – Size, Growth, Forecast
- By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports, Others)
- By Mode of Insertion (Intravenous and Subcutaneous)
Country Analysis – U.S, Canada, United Kingdom, Germany, Japan, China, India, Brazil and Mexico (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Vascular Access Devices market – Size and Growth
- By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports and others)
- By Mode of Insertion (Intravenous and Subcutaneous)
Other Report Highlights:
- Market Dynamics – Drivers and Restraints
- Market Trends
- SWOT Analysis
- Porter Five Force Analysis
- Supply Chain Analysis
- Competitive Landscape:
Company Share Analysis
Pricing Analysis
Recent Product Approvals
Pipeline Analysis
Product Benchmarking
Brand Name Analysis
- Policy and Regulatory Landscape
- Company Analysis– Becton, Dickinson and Company, B.Braun Melsungen, Teleflex, Inc., Fresenius Medical Care, Smiths Medical, Inc., ICU Medical, Vygon, AngioDynamics, Inc., Argon Medical Device, Inc., and Medcomp.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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