The vascular access catheters market, valued at approximately USD 3.0 billion by the end of 2022, is expected to experience steady growth over the next decade. With a projected CAGR of 5.7% from 2022 to 2032, the market is anticipated to reach a valuation of USD 5.4 billion by 2032.
As of 2021, the non-antimicrobial segment led the market, holding a significant share with an estimated value of USD 2.2 billion. The demand for non-antimicrobial vascular access catheters continues to drive market growth, owing to their essential role in a wide range of medical applications such as fluid delivery, medication administration, and diagnostic procedures. The market’s expansion is further fueled by technological advancements in catheter design and growing healthcare needs worldwide.
Key Market Insights
- Market Growth: The vascular access catheters market is expected to grow significantly, driven by the rising prevalence of chronic diseases that require long-term vascular access for treatment and medication administration.
- Product Segmentation:
- As of 2021, the non-antimicrobial segment led the market with a total valuation of approximately USD 2.2 billion, indicating a strong preference for these devices in various applications.
- The market includes various types of vascular access catheters such as central venous catheters (CVCs), peripherally inserted central catheters (PICCs), and peripheral intravenous catheters (PIVCs), each serving different clinical needs.
Driving Factors
- Increased Incidence of Chronic Diseases: The growing number of patients with chronic conditions such as cancer, diabetes, and cardiovascular diseases is driving demand for vascular access devices that facilitate treatment.
- Technological Advancements: Innovations in catheter design and materials are improving patient safety and comfort, which is encouraging healthcare providers to adopt these advanced solutions.
- Aging Population: The global increase in the elderly population, who often require medical interventions that necessitate vascular access, is further fueling market growth.
Regional Dynamics
- North America: This region is anticipated to dominate the vascular access catheters market due to advanced healthcare infrastructure and high rates of chronic disease prevalence.
- Asia-Pacific: Expected to witness the fastest growth rate during the forecast period, driven by increasing healthcare investments and rising awareness about vascular access technologies.
Competitive landscape
Advancements in biocompatibility, flexibility, and the adoption of novel materials are shaping the demand of such efficient and quality products in the vascular access catheters market.
Players in the vascular access catheters market are looking forward to expand their market and create strong hold in 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 to designs and materials have enabled healthcare workers to overcome complex VAC infection and complications. These factors are the prospects of new technologies in the vascular access catheters market.
Key pharma players proactively working in the vascular access catheters market include Cook Medical Inc., Becton, Dickinson, and Company, Teleflex Incorporated, Medtronic PLC, B Braun Melsungen AG and others.
- In June, 2021, medK launched a needle-free solution for vascular access to reduce the risks of needle sticks injuries.
- In October, 2020, Medtronic acquired Avenu Medical. The company Avenu Medical is focusing on the construction of minimally invasive endovascular arteriovenous fistulae for the treatment of end-stage renal disease patients undergoing dialysis.
Key Companies Profiled
AngioDynamics; 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; Angiodynamics; Edwards Lifesciences Corporation
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Key Market Segments Covered in Vascular Access Catheters Industry Research
By Products:
- Dialysis Catheters
- Acute Hemodialysis Catheters
- Chronic Hemodialysis Catheters
- Peritoneal Dialysis Catheters
- PICC Catheters
- Implantable Port
- CVC Catheters
- Tunneled Catheters
- Non-Tunneled Catheters
By Property:
- Antimicrobial Catheters
- Non-Antimicrobial Catheters
By Design:
- Single Lumen
- Double Lumen
- Multiple Lumen
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Dialysis Centers
- Specialty Clinics and Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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