Vascular Access Device Market Will Record an Upsurge in Revenue during 2021-2026
The Market report provides critical insights on the market size, share, trend, forecasts, and opportunity analysis.
The newly launched report by Stratview Research, titled ‘Vascular Access Device Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated By Device Type (Central Vascular Access Devices, Peripheral Vascular Access Devices), By End Use (Hospitals, Clinics and Ambulatory Care Centers), and Region.
According to the report, the Vascular Access Device market is projected to grow from USD 3.9 billion in 2020 to USD 5.8 billion by 2026 at a CAGR of over 7.1% during the forecast period.
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Market Segmentation Analysis -
Based on device type, the global vascular access device market has been classified into central vascular access devices and peripheral vascular access devices. Under these, the central vascular access devices segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Central vascular access devices are being extensively used in chemotherapy as well as for the treatment of cardiovascular & chronic kidney disorders, thus bolstering the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals is likely to boost the market growth in the region. Also, a surge in the number of cancer cases and the growing prevalence of cardiovascular diseases further augments the regional market growth.
Key Players
The following are the key players in the market-
· BD (US)
· C.R.Bard (US)
· Teleflex (US)
· Smiths Medical (US)
· B Braun (Germany)
· Angiodynamics (US)
· Terumo (Japan)
· Nipro (Japan)
· Edwards (US)
· Amecath (US)
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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