Vascular Access Device Market Regional Analysis:
North American Market Insights
The vascular access device market in North America is projected to be the largest with a share of about 35% by the end of 2035. The growth of the market can be attributed majorly to the presence of a strong healthcare network as well as the increased footfall of patients together with the growing number of surgeries in the region with growing concern about several diseases. For instance, it is observed that in the United States alone, every year nearly 50 million surgeries are performed. Additionally, it is seen that every year over 600 000 coronary stents are implanted during percutaneous coronary interventions (PCIs) in the United States.
APAC Market Insights
The Asia Pacific vascular access device market is estimated to be the second largest, registering a share of about 24% by the end of 2035. The growth of the market can be attributed majorly to the growing technological advancements in the medical field as well as the rapidly expanding medical devices industry besides expanding the scope of medical tourism in the region. The aging of the population and increased public awareness about preventive health care are driving growth in this area. Major global firms are further expanding their presence in these emerging nations, with a view to exploiting the growing potential offered by China, Japan, India, and South Korea. Moreover, the rising prevalence of diabetes, hypertension, and other severe lifestyle disorders is leading to the vast pool of the population suffering from various cardiological, nephrological, and neurovascular disorders. This, as a result, is anticipated to boost the regional market growth.
Europe Market Insights
Europe region is projected to observe substantial growth through 2035. There has been a rise in the acceptance of safety devices preventing needlestick injuries on the market. In particular, the market for PIVC and syringe and needle products that account for a substantial proportion of Europe's total vascular access market is affected by this trend. The constant research & development in the field of medical devices as well as the growing pool of patients admitted to hospitals in the region besides the increasing pool aging population is expected to boost the market growth in the region over the forecast years.
