Global Vascular Access Systems Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product (Peripherally Inserted Central Catheter, Non-Tunneled Central Catheter, Tunneled Catheter, Port Catheter), By Application (Intravenous Antibiotic Treatment, Blood Transfusion, Long-Term IV Feeding, Chemotherapy, Others), By End User (Hospitals And Clinics, Ambulatory Surgical Centers, Catheterization Labs), And By Geography - Forecasts From 2021 To 2026

The global vascular access systems market is evaluated at US$ 4.744 billion for the year 2019 growing at a CAGR of 6.27% reaching the market size of US$ 7.259 billion by the year 2026.

Venous or arterial access is obtained through vascular access systems. Vascular Access Devices are medical equipment used to get ingress the bloodstream to supply medicines, administer fluids, and nutritional components, and collection of blood vessels and their products. These vascular access tubes are made from latex, silicon, and other substances. The procedure involves placing rigid plastic tubes into blood vessels such as the basilic vein and subclavian vein to perform diagnostic tests and treatments such as chemotherapy, intravenous antibiotic treatment, and intravenous feeding. It includes blood sampling, blood transfusion, fluid infusion, and central venous pressure readings. Vascular access catheter devices are also significantly used in the case of chemotherapies.

The blood is obtained from or delivered to a person’s bloodstream over a continuous period through different vascular access devices such as cannulae, catheters, peripherals, and ports. The procedure relieves patients from the continuous stress of needles and offers a painless method to draw blood or provide medication. The rising global prevalence of diseases such as kidney failure, diabetes, and cancer which involve the transfer of blood to and from the human body is positively impacting the demand for vascular access systems. High infection risk associated with vascular access devices and stringent government approval regulations restrains the growth of the vascular access systems market.

The prevalence of diabetes, increasing rates of road accidents, and an increasing number of surgical procedures are expected to drive the market. Increasing demand for advanced techniques, such as needleless administration of drugs is also a vital driver for this market. Every day many healthcare workers handle drugs in hospitals and other healthcare centers. Despite precautionary measures availability, there remains a risk of exposure to these drugs during procedures. Such exposures may occur through, ingestion, absorption, accidental inhalation, or dermal contact with a minimal amount of these drugs which may lead to a variety of health problems.

The advent of COVID-19 had a positive impact on the market of vascular access systems as it became an integral part of the treatment procedures that were followed during the period to cure patients. Moreover, WHO declared COVID-19 a pandemic as the increase in the number of cases was exponential in the initial months. The medical authorities advised the hospitals and other such medical institutions to stock up the requirements to never run out of supplies during the treatments, which in turn, increased the demand for vascular access systems in the year 2020.

Innovations in the sector have brought down the costs of these products in recent years and the trend is expected to continue during the forecast period.

Global Vascular Access Systems Market Scope:

Segmentation

• By Product
  • Peripherally Inserted Central Catheter (PICC)
  • Non-Tunneled Central Catheter
  • Tunneled Catheter
  • Port Catheter
• By Application
  • Intravenous Antibiotic Treatment
  • Blood Transfusion
  • Long-Term IV Feeding
  • Chemotherapy
  • Others
• By End-user
  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Catheterization Labs
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others