Global Vascular Access Device Market: $15B by 2030, Fueled by Long-Term Devices (Implantable Ports, CVCs, and PICCs)

VANCOUVER, BC, CANADA, October 31, 2023 /EINPresswire.com/ -- iData Research, a leading global market research firm specializing in medical devices, dental and pharmaceuticals, highlights the imminent expansion of the Global Vascular Access Device Market in the updated 2024 report. This comprehensive report delves deep into various market segments, ​​including implantable ports, port needles, central venous catheters (CVC), peripherally inserted central catheters (PICC), peripheral intravenous catheters (PIVC), midlines, dialysis catheters, tip-placement systems, catheter securements, antibacterial catheter patches, catheter caps and syringes and needles.

In the 2024 Global Vascular Access Devices Market Report, an extensive analysis was conducted on more than 60 vascular access companies spanning seven continents. Our comprehensive methodology enabled a detailed examination of market sizes, procedures, unit sales, company market shares, and facilitated the creation of precise forecasts.

Extended-use medical devices like implantable ports, Central Venous Catheters (CVCs), and Peripherally Inserted Central Catheters (PICCs) are projected to be key drivers in the expansion of the global vascular access device market. These long-term catheters generally entail higher costs compared to short-term devices such as PIVCs. Anticipated substantial growth in the demand for these pricier devices is foreseen to significantly contribute to the overall market growth over the forecast period.
Key highlights from the iData report include:

Robust Market Expansion: In 2023, the global vascular access device market reached a value of $12.5 billion. Forecasts anticipate a steady increase at a compound annual growth rate (CAGR) of 2.4%, poised to elevate the market to nearly $15 billion over the projected period.

Demographic Factors: Demographic influences are anticipated to notably bolster the vascular access device market in the future. With prevalent use already seen in various care environments, including PIVCs utilized by over 70% of hospitalized patients globally, the escalating global population stands as a pivotal catalyst driving the market's growth.

Competitive Landscape: iData's report provides an in-depth analysis of the competitive landscape, profiling key players and their strategic initiatives. Currently, Becton Dickinson, 3M, and Teleflex lead the global vascular access devices market.

For more information on the Global Vascular Access Devices Market, and to access the complete iData Research report, please visit:

https://idataresearch.com/product/vascular-access-devices-market/

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