The global vascular access catheters market is poised for substantial growth, with Future Market Insights projecting a lucrative US$ 5.3 billion opportunity by 2032. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 5.7% from 2022 to 2032.
According to Future Market Insights’ latest research, the market is expected to achieve a valuation of US$ 3.0 billion by the end of 2022, with the non-antimicrobial segment contributing US$ 2.2 billion. Over the past decade, the global vascular access catheters market has demonstrated steady growth, with a CAGR of 4.9% from 2012 to 2021, reaching a valuation of US$ 2.9 billion in 2021.
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The primary drivers fueling this growth include the escalating demand for blood transfusions, coupled with increasing patient needs for central venous access. Additionally, the prevalence of lifestyle-related disorders and the growing demand for advanced vascular access devices are further propelling market expansion.
“We are witnessing a significant surge in demand for vascular access catheters globally, driven by a multitude of factors such as increasing healthcare needs and advancements in medical technology,” commented a spokesperson from Future Market Insights. “This market presents ample opportunities for manufacturers and stakeholders to innovate and cater to evolving healthcare requirements.”
With the forecasted growth of the global vascular access catheters market, manufacturers are expected to focus on research and development initiatives to introduce technologically advanced and efficient solutions. Moreover, strategic collaborations and partnerships within the industry are likely to drive market penetration and expansion.
Key Takeaways:
- The rising implementation of tip location devices has enhanced the accuracy and efficiency of PICC and CVC insertion by helping physicians to position the PICC and CVC tip in proximity to the cardio arterial and large vein junction.
- Rising demand for central venous catheters combined with favorable support from various government bodies on the basis of reimbursement and commercialization of novel interventional solutions are major factors boosting collaborations and partnership agreements between manufacturers.
- Prominent companies within the central access devices market are making hefty investments to introduce innovative central venous catheters that will help in capitalizing. Therefore, creating lucrative opportunities in the vascular access catheters market. Also, companies are working on key related issues such as the prevention of thrombus formation and infection by introducing catheters with antimicrobial coatings.
- The above-mentioned factors incorporate great prospects for manufacturers in order to elevate the adoption of their products to create a strong consumer base and boost the vascular access catheters market in the forecast years.
Competitive Landscape:
Several advancements in biocompatibility, flexibility, and the adoption of novel materials are efficiently shaping the demand for such effective and quality products in the vascular access catheters market. Key market players in the market are looking forward to expanding their market and creating a stronghold in the consumer base from long-term vascular access catheters (VACs). Manufacturers have benefitted from the growing understanding of the diagnosis of VAC-related infections. Technological advancements especially concerning designs and materials have enabled healthcare workers to overcome complex VAC infections and complications. These factors are the prospects of new technologies in the vascular access catheter market.
Angio Dynamics, C.R. Bard, Teleflex Incorporated, Kimal, B. Braun Melsungen AG, Vygon (UK) Ltd., Fresenius Kabi AG, Becton, Dickinson and Company, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Medical Components, Inc., Medtronic PLC., Terumo Medical Corporation, NIPRO Medical Corporation, Angio dynamics, Edwards Lifesciences Corporation.
Key Market Segments Covered in Vascular Access Catheters Industry Research:
Products:
- Dialysis Catheters
- Acute Hemodialysis Catheters
- Chronic Hemodialysis Catheters
- Peritoneal Dialysis Catheters
- PICC Catheters
- Implantable Port
- CVC Catheters
- Tunneled Catheters
- Non-Tunneled Catheters
Property:
- Antimicrobial Catheters
- Non-Antimicrobial Catheters
Design:
- Single Lumen
- Double Lumen
- Multiple Lumen
End User:
- Hospitals
- Ambulatory Surgical Centers
- Dialysis Centers
- Specialty Clinics and Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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