Overall, the global vascular access device market was valued at $4.2 billion, with around 1 billion vascular access devices placed each year. The market size is expected to increase over the forecast period and reach $4.8 billion in 2026.
HOW ARE VASCULAR ACCESS DEVICES USED?
iData’s global market report for vascular access devices includes both medical devices intended to access a patient’s veins and arteries as well as accessories which improve safety and performance. One specific vascular access device is a catheter. Catheters are generalists and are used for a variety of functions including administering drugs, drawing blood, and even hemodialysis. These vascular access devices can be inserted either peripherally into a patient’s arm or they can be inserted centrally such as in the patient’s jugular. Currently there is a wide range of catheter designs which range depending on the treatment required.
Additionally, single-use and disposable vascular access accessories range from catheter securement devices to antibacterial catheter patches and more. These devices have traditionally had the intent to protect both the patient and the device from medical complications, such as catheter-related bloodstream infections. Each catheter inserted requires some form of securement to hold it in its place, many catheters which remain in the body for a long period of time also use additional accessories to disinfect in and around the catheter.
WHAT ARE THE CURRENT MARKET DRIVERS AND LIMITERS?
Trends suggest that the market will increase over the span of the next 4 years and into 2026. Similarly, vascular access procedures should increase in low-single digit growth over the forecast period and into 2026, driven largely by demographic factors.
Currently, one major market driver surrounds demographic factors. iData’s analysts attribute the rise in demand for vascular access devices to the number of people requiring medical care. Largely this attribution is due to vascular access devices being an established and integrated component of the medical system. Recent statistics state that the global population was growing at just over 1% per year, with the distribution shifting toward an older population. Moreover, the prevalence of obesity has been increasing in certain parts of the world year over year. As the population ages and obesity rates continue to rise, the number of individuals requiring medical care will also grow.
Limitations on the market surround education and training along with high infection rates. Although the overall market is increasing, growth may be limited by a lack of education and proper training. New products that enter the market require training to ensure their proper use, which is not only expensive but also time consuming. Additionally, vascular access, particularly central venous access, is often used as a last resort because of the high risk of infection associated with using the device. However, in certain circumstances, there are no alternatives. Dialysis catheters have higher infection rates than AV fistulae or AV grafts. As long as alternatives with lower infection rates exist, future growth in sales of vascular access devices may be limited.
WHO ARE THE TOP COMPETITORS WITHIN THE GLOBAL VASCULAR ACCESS DEVICE MARKET?
Becton Dickinson, Teleflex Medical, and B. Braun are the three global market leaders. Becton Dickinson had the largest share of the vascular access device and accessories market, owing to its dominance in most markets covered in this analysis. Most notably, BD makes up approximately half of the global PIVC market, which is the largest of all the device markets included in this report.
Teleflex Medical and B. Braun are the second and third leading competitors, respectively, within the global vascular access device market. Teleflex Medical’s dominance in the CVC segment and notable presence in the PICC and dialysis catheter segments made it the second-leading competitor in the global vascular access device market. On the other hand, B. Braun’s share of the total vascular access device market was derived from its strong position in the port needle and PIVC markets.
WANT FURTHER INSIGHTS ON VASCULAR ACCESS DEVICES?
iData’s global report includes unit sales, average selling prices, procedure numbers/volume, market growth, drivers and limiters, and a complete competitive analysis. Follow the link below to read more about the global vascular access devices market. In addition to the global report, iData has released a market report on Europe, the U.S., and Canada’s vascular access device market.