Vascular Access Devices Market Worth 5.45 Billion USD by 2022

PUNE, India, July 21, 2017 /PRNewswire/ --

According to a new market research report "Vascular Access Device Market by Type [Peripheral (Midline, Short), Central (PICC, Tunneled, Non-Tunneled, Implanted Ports), Accessories], Application (Drug Administration, Fluid & Nutrition Administration) & End Users - Global Forecasts to 2022", published by MarketsandMarkets™, the Global Vascular Access Devices Market is expected to reach USD 5.45 Billion by 2022 from USD 3.87 Billion in 2017, at a CAGR of 7.1%.

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Browse 69 Market Data Tables and 40 Figures spread through 138 Pages and in-depth TOC on "Vascular Access Device Market"

http://www.marketsandmarkets.com/Market-Reports/vascular-access-device-market-122149686.html 

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Growth in this market can be attributed to factors such as the growing prevalence of lifestyle diseases, rising number of chemotherapy procedures and increasing use of vascular access devices in pediatric patients.

The central vascular access device segment to hold the largest share of the market in 2017 

By type, the market segment is segmented into central vascular access devices, peripheral vascular access devices, and accessories. Central vascular access devices are expected to account for the largest share of the market in 2017. The growth of this segment is attributed to the wide usage of central vascular access devices in chemotherapy and for the treatment of cardiovascular disorders and chronic kidney disorders.

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By end user, hospitals are expected to hold largest market share in 2017 

Based on the end users, the market is segmented into hospitals, clinics and ambulatory care centers, and other end users. In 2017, the hospital segment is expected to dominate this market. The large share of this segment can be attributed to the fact that a majority of vascular procedures are performed in hospital settings.

By application, the drug administration segment is expected to dominate the market in 2017 

Based on application, the market is broadly classified into drug administration, fluids and nutrition administration, blood transfusion, and diagnostics and testing. The drug administration segment is estimated to account for the largest share of the market in 2017, the growth of drug administration segment is attributed to the high usage of vascular access devices for drug administration for the treatment of infections, cancer, and other diseases.