Venous Access Devices Market Size

Venous Access Devices Market size is predicted to reachUSD 38 billion by the end of 2036, growing at a CAGR of 6% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of venous access devices was over USD 5 billion. Chronic diseases such as diabetes, heart disease, and kidney failure are at great heights worldwide. Therefore, these health conditions often demand for frequent blood draws, medication administration, and dialysis that necessitate the utilization of venous access devices. As per reports worldwide, around one in three of all adults suffer from some or the other chronic conditions. Around 6 in 10 adults suffer from chronic disease, and 4 in 10 adults at a time suffer from two or more such diseases in the US.

In addition, the integration of infusion pumps is minimal, which increases the acceptance rate, thus anticipating the growth of the venous access devices market. Moreover, the market growth over the forecast period has been further enhanced by the presence of various gauge sizes for venacular devices. The change in size is beneficial for the purpose of serving a variety of purposes, thus enhancing medication accuracy and thereby increasing safety.