This report from Life Science Intelligence provides the latest market data for the Global Vascular Access Devices Market. Information covered by this report includes:
· unit volumes & pricing forecast from 2019-2024
· analyses of the leading companies, and
· global market share analysis.
The global market for vascular access devices was valued at an estimated $1.6 billion in 2020 and is projected to increase at a CAGR (2020-2024) of 11.2%. Product segments covered by this report include vascular access catheters and ports including central venous catheters, PICCs, midline catheters, and implantable ports.
This report covers the impact of COVID-19 on the vascular access devices market, including a recent forecast from 2020 to 2024. COVID-19 has also impacted leading competitors, such as AngioDynamics, BD, Edwards Lifesciences, Cook Medical, Teleflex, and others. The report provides insights into trends, drivers, and limiters of the vascular access devices market, as well as highlights potential opportunities.
The vascular access devices market was severely impacted by the COVID-19 pandemic as a result of the postponement of non-critical interventional cardiology procedures. While the decline in interventional cardiology procedures in 2020 was substantial, procedure volumes are projected to return to pre-COVID-19 level in 2021.
BD and Teleflex together account for more than 65% of the market share of the global vascular access devices market. BD’s position as market leader is the result of its acquisition of the long-standing market leader in vascular access – C.R. Bard.