Chicago, IL -- (SBWIRE) -- 08/11/2017 -- Vascular access devices can be described as a material subcutaneously implanted in a region above the upper chest wall with dwell time of about fourteen days during which catheters are inserted in the basilic or jugular vein and sub clavian vein. Vascular access devices help in doing various diagnostic tests as well as treatments including blood sampling, blood transfusion, central venous pressure readings, fluid infusion, parenteral and administration of drugs such as antibiotics, chemotherapeutic agents, and analgesics.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the vascular access device market. The scope of this report covers the vascular access device market by its major segments, which include the types, applications, and the major geographic regions.

KEY PREMIUM INDUSTRY INSIGHTS

1. The global vascular access device market is in demand due to rising no. of surgeries that are performed every year around the world. Certain other factors boosting the growth of vascular access device market include growing geriatric population and escalating occurrence of kidney failure, cancer, diabetes, and various other diseases inflicted through lifestyle.

2. Additionally, technology based advancements in vascular access devices are also considerably favoring the future of this global market. Various newer products like anti-microbial-coated and drug-coated catheters have significantly reduced the growing incidences associated with catheter infections.

3. However, expensive maintenance as well as installation cost of vascular access devices along with several product recalls and failures are hampering the market growth of vascular access devices.

Regionally, the global market for vascular access device is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, North America is presently the most lucrative market due to growing prevalence of diseases inflicted through lifestyle, diabetes cases, cancer, and robust infrastructure of healthcare and higher adoption of latest technology. On the other hand, Asia Pacific is also anticipated to enlarge the consistent demand during the forecast period as various emerging economies are slowly and steadily improving their facilities of healthcare.

MARKET SEGMENTATION

This report analyzes the vascular access device market by the following segments:

Vascular Access Device Market, by Type

1. Central Vascular Access Devices
2. Peripheral Vascular Access Devices
3.Accessories

Vascular Access Device Market, by Application

1. Drug administration
2. Fluid and nutrition administration
3. Blood transfusion
4. Diagnostics & testing

Vascular Access Device Market, by End User

1. Hospitals
2. Clinics and ambulatory care centers
3. Other

KEY MARKET PLAYERS

Key players in the vascular access device market include:

1. Becton, Dickinson and Company
2. C.R.Bard, Inc.
3. Teleflex Incorporated
4. Smiths Medical, Inc.
5. B Braun Melsungen AG
6. Angiodynamics (Navilyst Medical, Inc)
7. Terumo Corporation
8. Nipro Medical Corporation
9. Edwards Lifesciences Corporation
10. Ameco Medical

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