Asia-Pacific Vascular Access Devices and Accessories Market 2014 (5 Countries) (Forecasted to 2020) – MedSuite
The vascular access devices market in the Asia-Pacific region encompass implantable ports, port needles, central venous catheters, dialysis catheters, peripherally inserted central catheters and peripheral intravenous catheters. The Asia-Pacific vascular access devices market report analyzes and evaluates the current state of the market including existing and potential markets, product average selling prices, and unit volumes. The report also highlights the opportunities and potential hazards involved, and presents strategies for successfully navigating the market landscape. Furthermore, it seeks to identify the trends and technologies that will affect the future of each market segment and prepares an unbiased critical assessment of such market drivers and limiters based on our ground up approach, which includes primary and secondary research methods.
The report analyzes and evaluates the current state of the market including existing and potential markets, product average selling prices, and unit volumes. The report also highlights the opportunities and potential hazards involved, and presents strategies for successfully navigating the market landscape. Furthermore, it seeks to identify the trends and technologies that will affect the future of each market segment and prepares an unbiased critical assessment of such market drivers and limiters based on our ground up approach, which includes primary and secondary research methods.
- Year: 2015
- Scope: 2011-2021
- Region: Asia-Pacific
- Published Date: 10/01/2014
- Pages: 205
- Type: MedSuite
The Asia-Pacific vascular access market presents future opportunities for growth as premium-priced products are increasingly adopted.The vascular access market in the Asia-Pacific declined slightly in 2014. Price reductions in response to competitors entry to the market and measures by governments to reduce healthcare expenditures contributed to overall declines. In this environment, the market for PICCs will experience the fastest growth. The PIVC market represented the largest market. However, growth in the PIVC market will hinge upon increasing the rate of conversion to safety PIVCs, particularly in South Korea. China will witness significant growth over the forecast period as the government aims to expand access to healthcare to a greater portion of the population. The adoption of PICCs in China is high relative to other countries and the market will continue to expand. On the other hand, the lack of infrastructure in India will present significant challenges in the expansion of the vascular access market.
The peripherally inserted central catheter (PICC) market was the fastest-growing segment in the Asia-Pacific vascular access device market. The adoption of PICCs is only emerging in Japan and South Korea while PICCs have been extensively used in Australia for several decades. The vascular access market in China is unique in that the country has relatively large unit sales of PICCs. This is in contrast to countries such as Japan which are more developed but do not use PICCs
The competitive landscape in the Asia-Pacific vascular access markets is undergoing significant changes due to changes in vascular access practices and the response of governmental agencies to mounting
healthcare costs and deficits. Three of the top five leading competitors in the vascular access markets depend primarily on sales of PIVCs. All countries included in the report depend heavily on PIVCs, particularly South Korea. While conventional PIVCs are increasingly perceived as commodities, safety PIVCs represent a potential market driver if authorities take measures to promote the use of safety devices.
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.