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The U.S. ultrasound vascular access device market is expected to experience double digit growth by 2020.
iData Research, reports the U.S. vascular access market is expected to grow to $5 billion by 2020. Growth is fueled by the increased efforts to reduce catheter related infections, driving the demand for products such as Ultrasound guidance for vascular access devices.
Ultrasound guidance for vascular access has been shown in numerous studies to significantly decrease the rate of failed catheter insertions. The Femoral Arterial Access with Ultrasound Trial (FAUST) demonstrated that using ultrasound led to a reduction in the attempts to cannulate the femoral artery to nearly one third of the attempts without ultrasound. Moreover, the success rate for central line placement with ultrasound guidance is over 95%, compared with 60% to 80% for central lines using the landmark technique. Ultrasound guidance is already being used for 70% of PICC placement procedures, with a continued increase expected over the forecast period. In many facilities fully equipped with ultrasound systems, ultrasound guidance is used in nearly 100% of central catheter placements.
“Vascular access ultrasound guidance procedures do not require the same level of visualization detail as many cardiology procedures,” states Dr. Kamran Zamanian, CEO of iData Research. Most non-OB/GYN ultrasound systems with a vascular transducer are capable of guiding catheter insertion. Some of the other systems that are used for guiding catheter insertions include General Electric’s (GE) LOGIQ® series, Philips’s HD11XE® and SONOS® series and SonoSite’s NanoMaxx™, MicroMaxx™, M-Turbo™ S series and TITAN®, among others.
Becton Dickinson, holds the largest share of the U.S. vascular access device market despite competing in only two segments, PIVC and syringe & needle. Becton Dickinson has also been expanding their presence in emerging markets such as China and India through the development of local manufacturing plants. Other notable competitors in this market include C.R. Bard, Covidien, Teleflex Medical, Johnson & Johnson and Smith & Nephew.
For more information
iData’s comprehensive report series entitled: Market for Vascular Access Devices and Accessories covers the U.S. Japan, South Korea, India, China and 15 countries in Europe. Each report includes, market analyses, competitor profiles, ASP, units sold and market shares.
Vascular access report includes the following segments:
- Implantable port
- Port needle
- Central venous catheter
- Peripherally inserted central catheter PICC
- Peripheral intravenous catheter PIC
- Dialysis catheter
- Ultrasound vascular access device and accessories
- Catheter securement device
- Syringe and needle market
Get a complete synopsis or table of contents for a report from this series by registering for free here.