Venous Access Devices Market Trends

Growth Drivers

Growing Technological Development to Drive Veterinary Home Diagnostic Sales - The growth of the vascular boot market is expected to be stimulated by various technological developments taking place in the manufacture of infusion pumps and catheters. As a primary treatment option for diabetic patients and chronic disease, demand in the market has been attributed to this. In addition, the integration of these pumps is minimal thus increasing their acceptance and thereby anticipating an increase in demand.
Multiple Clinical Trials - The venous access devices market is expected to be positively affected by several clinical trials carried out using the available technologies. Because many vascular access devices perform similar functions and differ only slightly from one another, clinical data confirming the safety and cost-effectiveness of some products will have a significant impact on device purchase decisions.

Challenges

High in Cost – The cost of venous access devices such as central venous catheters and peripheral intravenous catheters can be huge. This can pose burden for patients and healthcare providers.
Strict Regulations to Hinder the Market Expansion in the Upcoming Period
High Infection Rates is expected to Hamper the market growth in the forecast period.

Venous Access Devices Market: Key Insights

Base Year	2023
Forecast Year	2024 - 2036
CAGR	~6%
Base Year Market Size	~USD 5 billion
Forecast Year Market Size	~USD 38 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

The growing prevalence of chronic disease and growing technological advancement are some of the major factors anticipated to drive the growth of the venous access devices market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.

The major players in the market are of Baxter International, C R Bard, Reinventing Venous Access, Becton Dickinson and Company, Boston Scientific Corporation, Teleflex Incorporated., and others.

The hospital segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Venous Access Devices Market Trends