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Vascular Access Catheters Market will Register a CAGR of 5.5% through 2027
by ankush321 · January 31, 2019
With healthy CAGR of 5.5%, the global聽vascular access catheters market聽is likely to grow with an impressive growth rate during the projected period. The primary reasons for this remarkable growth is shift towards value-based healthcare model, increasing global healthcare spending and global manufacturer鈥檚 focus on emerging market. According to the new report 鈥淰ascular Access Catheters Market:聽Global Industry Analysis (2012 鈥?2016) and Opportunity Assessment (2017 鈥?2027)聽that is published by Future Market Insights, global vascular access catheters market to grow from US$ 2,365.3 Mn in 2017 to US$ 4,042.8 Mn by 2027 end. This represents CAGR of 5.5% over the projected period of 10-years.聽聽The global vascular access catheters market for represents absolute $ opportunity of US$ 118.9 Mn in 2018 over 2017 and incremental opportunity of US$ 1,677.5 Mn between 2017 and 2027.
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Global Vascular Access Catheters Market: Drivers
Increased precision of PICC and CVC placement with tip location devices
Improved Reimbursement policies
Preference by surgeons, anaesthesiologists & interventional radiologists
Increasing number of diseases with PICC application
Distribution and collaboration agreement to increase product reach
Introduction of Innovative products
Product availability through appointing distributors
Increasing forward integration
Introduction of new PICC having anti-thrombogenic property
Radiopaque catheter material or marking
Global Vascular Access Catheters Market: Forecast by Product
On the basis of product type, the global vascular access catheters market is segmented into CVC Catheters, Implantable Port, Dialysis Catheters and PICC Catheters. CVC catheters dominated the global market in 2016, and is expected to continue to do so. Also, increasing approvals for new products in the hemodialysis and peritoneal dialysis segment would further increase the adoption.
Global Vascular Access Catheters Market: Forecast by End Use