Vascular Access Devices Market size is set to grow by USD 2.26 bn from 2024-2028, 3M Co., Access Vascular Inc. & Amecath, and more to emerge as Some of the Key Vendors- Technavio

NEW YORK, March 20, 2024 /PRNewswire/ -- The global vascular access devices market size is estimated to grow by USD 2.26 bn from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of  7.1% during the forecast period. Vascular Access Devices Market  is fragmented ; the companies are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products. Vascular Access Devices Market report includes information on the product launches, sustainability, and prospects of leading vendors including 3M Co., Access Vascular Inc., Amecath, AngioDynamics Inc., Argon Medical Devices Inc., B.Braun SE, Becton Dickinson and Co., BIOTRONIK SE and Co. KG, Cook Group Inc., Delta Med S.p.A., Fresenius SE and Co. KGaA, Guangdong Baihe Medical Technology Co. Ltd., Haolang Technology Foshan Limited Co. Ltd., ICU Medical Inc., Kimal Group, Medical Components Inc., Medline Industries LP, Medtronic Plc, Nipro Medical Corp., pfm medical ag, Teleflex Inc., Terumo Corp., Vygon SAS .

For more insights on the historic (2018 - 2022) and forecast market size (2024-2028) - Request a sample report

Key benefits for Companies

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players.
• Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. Expand operations in the future.
• Request a Free sample report

Market Segmentation

This Vascular Access Devices Market report extensively covers market segmentation by Product (Central VADs, Peripheral VADs, Accessories) End-user (Hospitals, Ambulatory care centers, Clinics and others) Geography (North America, Europe, Asia, Rest of World (ROW))

Market Segmentation by Product

The RF Components Market for Vascular Access Devices experiences significant growth due to the increasing demand for central VADs. These devices, which include catheters with tips in the superior vena cava, inferior vena cava, or right atrium, offer several advantages. Their central location enables safe infusion of solutions with varying pH and osmolarity, as high blood flow dilutes potential damage. Direct infusion into the bloodstream is also facilitated, allowing for procedures such as blood sampling and hemodialysis. The market is driven by the growing number of medical procedures requiring central access, particularly in intensive care units and dialysis centers. Additionally, advancements in RF technology for secure and reliable wireless communication between devices and monitoring systems further boost market growth. Download a Free sample report

Research Analysis

In the dynamic healthcare landscape, the RF Components Market for Vascular Access Devices is experiencing significant growth. This market encompasses Short PIVCs, PICCs, and CVCs, which are essential for patient care in healthcare institutions. The rising prevalence of cancer and cardiovascular disorders, as well as respiratory disorders, necessitates advanced vascular access devices. Patient demographics continue to evolve, driving the demand for smaller, more comfortable vascular access solutions. The RF Components Market for Vascular Access Devices is poised for continued expansion, offering opportunities for innovation and improved patient outcomes.

Key Market Drivers

The RF components market for vascular access devices is experiencing robust growth due to the rising prevalence of chronic diseases, particularly cardiovascular diseases, diabetes, and cancer. According to the International Diabetes Federation, an estimated 537 million adults lived with diabetes in 2021, a number projected to reach 643 million by 2030 and 783 million by 2045. The International Agency for Research on Cancer's updated Globocan 2020 report revealed a concerning increase in the global cancer burden. These trends necessitate advanced medical interventions and therapeutic treatments, driving demand for RF components in vascular access devices. The report also covers information on upcoming trends and challenges. Explore detailed information by.purchasing a report

Geographic Landscape

The North American vascular access devices market holds significant importance in the global market, driven by a high prevalence of chronic diseases, substantial healthcare expenditure, and the presence of key industry players. In the US and Canada alone, the market experiences substantial growth due to the high incidence of chronic conditions, such as end-stage kidney disease (ESKD), which necessitate frequent medical interventions and therapeutic treatments utilizing these devices. According to the Centers for Disease Control and Prevention (CDC), approximately 130,522 people underwent ESKD treatment in the US in 2020. The RF components market plays a crucial role in the development and production of advanced vascular access devices, providing reliable and efficient radio frequency technology for various applications, contributing to the overall growth and innovation in the vascular access devices market.

Research Analyst Overview

The RF Components Market for Vascular Access Devices is a significant segment in the healthcare technology industry. This market caters to the demand for radio frequency (RF) components used in the production of advanced vascular access devices. These components include microcontrollers, sensors, and communication modules, among others. The market is driven by the increasing adoption of minimally invasive procedures and the growing need for patient-centric vascular access solutions. The market is also influenced by technological advancements, such as the integration of telemedicine and remote monitoring capabilities into vascular access devices. The market is expected to grow at a steady rate, with key players including Texas Instruments, Microchip Technology, and NXP Semiconductors. The market's future looks promising, with a focus on developing compact, efficient, and cost-effective RF components to cater to the evolving needs of the vascular access devices market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio