In 2020, Canada’s vascular access device market size was valued at $290 million, a decline from the pre-pandemic market value of $306.3 million in 2019. This is expected to increase over the forecast period at a CAGR of 2% to reach $352.5 million.

Throughout this medical market research, we analyzed over 30 vascular access companies across Canada and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.

The vascular access market is largely considered a mature and highly developed space. As such, much of the market’s future growth is expected to be driven by increased hospitalization rates. While this MedSuite report contains all the Canadian Vascular Access market data and analysis, each of the market segments is also available as stand-alone MedCore reports. This allows you to get access to only the market research that you need.

HOW HAS COVID-19 IMPACTED CANADA’S VASCULAR ACCESS MARKET?

In 2020, Canada’s vascular access market declined from $306.3 million in 2019 to $290.9 million in 2020 as a result of the COVID-19 pandemic. However, this market is expected to recover and exceed the pre-COVID levels by the end of 2022.

The vascular access device and accessories market has largely been negatively impacted by the COVID-19 pandemic. Many catheter devices are used as a regular component of standard treatments for hospitalized patients. The declines in hospitalization rates have ultimately led to decreased demand across most major segments. In particular, PIVCs and PICCs represent markets that have seen 2020 unit sales lower than what was initially expected. PICCs have been able to offset the decline slightly by the fact that they are often inserted in patients so that they can be discharged from a hospital and receive further treatment elsewhere, therefore lowering strain on the total healthcare system. Acute CVCs represent one of the only markets that were positively impacted by the pandemic.

DATA TYPES INCLUDED

• Unit Sales, Average Selling Prices, Market Value & Growth Trends
• Market Forecasts Until 2026, and Historical Data to 2019
• Competitive Analysis with Market Shares for Each Segment
• Market Drivers & Limiters for Each Vascular Access Device market
• Recent Mergers & Acquisitions
• Disease Overviews and Demographic Information
• Company Profiles, Product Portfolios and SWOT for Top Competitors

CANADA’S VASCULAR ACCESS MARKET INSIGHTS

In 2020, the largest segment of the Canadian market for vascular access was the syringe and needle market, followed by the PIVC market and the catheter securement market. Each of these segments comprises high-volume sales made at relatively low ASPs. Each of the devices captured in those segments represents standard products used every day within vascular access treatments. The majority of patients entering a hospital will use some combination of those devices during treatment. Collectively, those three segments comprised over half of the total market value.

CANADA’S VASCULAR ACCESS MARKET SHARE INSIGHTS

Canada’s vascular access device market was controlled by Becton Dickinson, 3M, and Teleflex. Becton Dickinson was the leading competitor in the Canadian market for vascular access devices and accessories in 2019. The company led multiple major segments, including PIVCs, syringes and needles, PICCs, and more. The company is in a strong position to continue dominating the total market moving forward, due to its broad product offerings across multiple segments.

MARKET SEGMENTATION SUMMARY

• Acute Central Venous Catheters (CVCs) – Further Segmented by:
  • Device Type: Conventional, Antimicrobial
• Peripherally Inserted Central Catheters (PICCs) – Further Segmented by:
  • Tip Placement: Tip-Placement, Basic
  • Device Type: Valved, Non-Valved
  • Kit Type, Long Guidewire Kit, Standard Kit,
  • Coating, Conventional, Advanced Materials
  • Material Type: Silicone, Polyurethane
• Peripheral Intravenous Catheters (PIVCs) – Further Segmented by:
  • Device Type: Conventional, Safety
  • Setting: Acute Care, Alternate Care
  • Length: Long, Standard
  • Insertion Site: Arterial, Venous
  • Visualization Method: No Visualization, Ultrasound Visualization, Other Vein Visualization Technologies
• Midlines – Further Segmented by:
  • Device Type: Long, Short
• Vascular Access Ultrasound Devices and Accessories – Further Segmented by:
  • Product Type: Cart-Based Vascular Access Specific Ultrasound, Hand-Carried, and Portable Vascular Access Specific Ultrasound, Multi-Purpose Hand-Carried, and Portable Ultrasound
• Tip-Placement Systems and Accessories – Further Segmented by:
  • Device Type: Tip-Placement Systems
• Catheter Securement – Further Segmented by:
  • Device Type: Tapes and Dressings, Sutures, Manufactured Catheter Securement Device
• Vascular Access Dressings – Further Segmented by:
  • Device Type: Traditional, Antimicrobial
• Syringes and Needles – Further Segmented by:
  • Device Type: Syringe, Needle
• Pre-Filled Syringes
• Vascular Access Skin Antiseptics – Further Segmented by:
  • Device Type: Alcohol Wipes, Solutions with Applicator, Bulk Solutions
  • Catheter Type: PICCs, Acute CVCs, PIVCs, Midlines
• Needleless Connectors – Further Segmented by:
  • Device Type: Standalone, Integrated
• Enteral Syringes – Further Segmented by:
  • Kit Type: Tray, Standalone
• Spinal Needles
• Epidural Needles

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