iData Research (“iData”), a global consulting and market research firm, has released exclusive research in the Canadian vascular access device market, addressing key insights and the consequences of COVID-19 in 2020, 2021, and beyond. While the value of the Canadian vascular access device market decreased in 2020, due primarily to COVID-19, iData forecasts that demographic factors, technological advancements, safety devices, and infection prevention will encourage significant growth by 2027.
According to iData’s Canadian Report for Vascular Access Devices, the global market was estimated at $290 million in 2020. The value of certain segments decreased while others increased in 2020, relative to 2019, illustrating COVID-19’s varied impact. However, the market has started to recover moving into 2021 and is expected to exceed $352 million by 2027. This report includes unit sales, average selling prices, market drivers and limiters, competitive market share analysis, and more.
iData’s analysis includes acute central venous catheters (CVCs), peripherally inserted central catheters (PICCs), peripheral intravenous catheters (PIVCs), midline catheters, ultrasound systems used for vascular access, tip-placement systems and accessories, catheter securement devices, syringes and needles, pre-filled syringes, skin antiseptics, needleless connectors, enteral syringes, spinal needles, and epidural needles. Advancements in safety and infection prevention have been a key trend within the market for the last few decades. Many needle-based devices within the market have been outfitted with safety features that limit the chances of a needlestick injury.
“The vascular access market is largely considered a mature and highly developed space,” Says Dr. Kamran Zamanian, Senior Partner and CEO of iData Research, “As such, much of the future growth is expected to be driven by increased hospitalization rates.”
Among the many competitors within these markets, Becton Dickinson, 3M, and Teleflex are the leaders followed by Cardinal Health and Smiths Medical. Fujifilm SonoSite and B. Braun are trailing the leaders by a substantial margin, pushing for a larger share of the global market. There is a multitude of other competitors analyzed within this report which have one or more products offered in this space.
To accurately estimate market shares, units sold, average selling prices, product segments, and brands as well as procedural volumes, iData Research uses its proprietary market and procedure databases, as well as hospital purchase order data to complement its primary and secondary research initiatives.
Follow the link below to download a Free Research Summary of the Canadian Market Report for Vascular Access Devices:
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