Vascular Access Devices Market Analysis, Size, Trends | Asia-Pacific | 2015-2021 | MedSuite

  • Year: 2015
  • Scope: 2011-2021
  • Region: Asia-Pacific
  • Pages: 205
  • Published Date: 11/03/2014
  • Type: MedSuite

The Asia-Pacific vascular access devices market presents future opportunities for growth as premium-priced products are increasingly adopted.The vascular access devices market in the Asia-Pacific declined slightly in 2014. Price reductions in response to competitor’s 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 devices market.

The peripherally inserted central catheter (PICC) market was the fastest-growing segment in the Asia-Pacific vascular access devices 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 devices 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 devices 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 devices 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.

Becton Dickinson
B. Braun
Teleflex Medical
C. R. Bard
Sungwon Medical
Smiths Medical
Dukwoo Medical
Chungwoo International
Hyup Sung Medical
Cook Medical

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