Overview
Valued at ~$2.31 billion in 2023, the vascular access devices market is projected to reach
~$3.03 billion by 2028, increasing at a CAGR of 5.6% over the 2023-2028
forecast period. This Market Snapshot is part of LSI’s Market Intelligence platform, your
one-stop-shop for global medtech market sizing and analysis, procedure volume data, startup company- and
deal-tracking, curated insights, and more.
Vascular access devices are placed to allow continual and long-term access to the bloodstream for the
administration of intravenous (IV) drugs and fluids. Other uses for vascular access devices include facilitating
short-term dialysis and managing patients requiring frequent blood sample draws.
Products included within the scope of this analysis include:
Peripherally inserted central catheters (PICCs)
Midline catheters
Central venous catheters (CVCs)
Implantable ports
This Market Snapshot is intended to provide a high-level overview of the global market for vascular access
devices, with key insights into:
Unit volumes from 2023 to 2028
Market forecasts from 2023 to 2028
Market insights
Competitive landscape analysis of major competitors
Insights into key market events for strategic and startups
Vascular Access Devices Market Snapshot Summary
| Snapshot Aspect | Data and Details |
| Base Year for Estimate | 2023 |
| Forecast Period | 2023 - 2028 |
| Market Size in 2023 | $2.31 billion |
| CAGR | 5.6% |
| Projected Market Size in 2028 | $3.03 billion |
Vascular Access Devices Market Insights
The vascular access devices market is experiencing steady growth, driven by the increasing prevalence of chronic
diseases such as cancer and kidney disease, which require both short- and long-term vascular access. With 80% to
90% of hospitalized patients needing some form of IV access, the demand for devices like CVCs, PICCs, and
implantable ports continues to rise. This trend is expected to continue as hospitalization rates and the need
for chronic care increase.
Despite this growth, the market is facing downward pricing pressures due to the high level of competition among
suppliers. While unit volume growth remains strong, total sales growth is projected to be slightly slower,
primarily driven by inflation. Overall, the vascular access devices market is expected to grow at a rate of 5.6%
per year, with prices increasing in line with the broader medical device market.
Competitive Landscape
The full Market Snapshot includes a robust analysis of the competitive landscape for the vascular access devices
market. This includes estimated market revenue and market share for key players, such as BD and Teleflex.
Select Market Events
| Company | Date | Type | Event |
|
BD
|
11/2023 | Product Launch | BD announced the launch of its SiteRite 9 Ultrasound System to aid in the insertion of PICCs, IVs, and other vascular access devices. |
|
Teleflex
|
5/2024 | Product Launch | Teleflex announced the launch of its Arrow EZ-IO Intraosseous Access Procedure Tray. |
Key Companies Covered
Access Vascular
AngioDynamics
B. Braun
Baxter
BD
Medline
Nippon Sherwood
Olympus
ICU Medical
Spectrum Vascular
Teleflex
Vygon
Yushin Medical
