Vascular Access Devices Market Trends and Outlook 2018

1
Vascular Access Devices 2018 - 2023

• The Global Vascular Access Device Market is
  valued of 4174.4mn at a CAGR of 6.1 during the
  forecast period 2017 -2023. 

2
North America held major market share
during 2018-2023

• North America possess major share and APAC is
  projected to exhibit rapid growth in the Vascular
  Devices Market mainly due to factors such as
  rising consumer awareness, government investments
  in the public health, growing medical tourism and
  chemotherapeutic procedures. The key end user
  markets in APAC are Hospitals, Clinics,
  Ambulatory Surgery Centers, and Diagnostic
  Centers. APAC Market is anticipated to reach 1.3
  billion by 2023 with a CAGR of 7.2. Also the
  market is fairing good in European nations mainly
  due to the European Association of Percutaneous
  Cardiovascular Interventions and especially in
  countries like Germany and Norway.
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3
Selected Type of Opportunity Analysis done in the
full report

• Technological advancements to provide
  significant opportunities In recent times, the
  key players are highly focused on reducing
  infection rates and making PICCs (Peripherally
  inserted central catheters) and tunneled
  catheters safer and easier to use and hence, are
  investing more in the technological advancement
  of these devices. Thus, the technological
  advancement of vascular access devices coupled
  with high investments by key companies is poised
  to provide significant opportunities to the
  Vascular Access Devices Market in the coming
  future.

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4
Excerpts Market Growth Factors Mentioned in the
Full Report

• Rising healthcare expenditure per capita across
  the globe is propelling the growth. This includes
  the rise in the favorable reimbursement policies
  and growing medical tourism. Also, the
  development of efficient and advanced technology
  in the field of vascular access coupled with
  kidney failure, diabetes, cancer, and other
  diseases are the major growth drivers for the
  market.
• North American Vascular Access Devices Market
  accounts for the lions share and the demand for
  vascular access devices to treat chronic kidney
  diseases is likely to drive the vascular access
  devices market in this region.
• The Vascular Access Devices Market had also
  witnessed a large number of acquisitions in the
  aforesaid mentioned period to cater to artificial
  hydration and nutrition requirements to provide
  fluids during a surgical procedure, is driving
  the growth of Vascular Access Devices Market
  across the globe.
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5
Key players of Vascular Access Devices Market

• Vascular Access Devices Market is moderately
  consolidated wherein, Becton, Dickinson and Co
  (Including C. R. Bard) is one of the leading
  player contributing to nearly about 31 of
  overall revenue. The company being a pioneer in
  vascular devices has remained the dominant
  player. The other leading players include
  Fresenius Medical Care, B. Braun Melsungen AG,
  Cook Medical.

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7
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