According to the research report titled ‘Vascular Access Device Market Share, Size, Trends, Industry Analysis Report, By Type; By Application; By End User; By Regions; Segment Forecast, 2020 – 2027’, available with Market Study Report, vascular access device market valuation is slated to reach USD 7.72 billion by the year 2027.
 

Lucrative growth of worldwide vascular access device market can be largely attributed to increasing prevalence of chronic kidney disorders, growing geriatric population, and rising occurrence of coronary artery disease (CAD) as well as pulmonary artery disease (PAD).
 

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For the uninitiated, vascular access devices refer to the medical instruments which are used for venous access irrespective of location. They are generally inserted into central or peripheral veins to administer antibiotics, fluids, parenteral nutrition, and for blood sampling.
 

Notably, these devices play a significant role in the treatment of medical conditions as well as reduce the risk of catheter bound infections. Shifting preference of patients towards minimal invasive surgical procedures is contributing to surging product demand, which in turn is positively swaying the vascular access devices market dynamics.
 

Based on type, vascular access device market sphere is bifurcated into peripheral vascular access devices, central vascular access devices, and other accessories. Moving on, the application scope of the market comprises diagnostics & testing, blood transfusion, drug administration, and fluid & nutrition administration.
 

Geographically, global vascular access device industry vertical is segmented into Asia-Pacific, Europe, Central & South America, North America, and Middle East & Africa. The country-wise bifurcation includes Indonesia, India, Australia, Japan, Malaysia, China, Austria, Spain, Belgium, Italy, UK, France, Germany, Mexico, Argentina, Brazil, U.S., Canada, South Africa, Israel, Saudi Arabia, and UAE.
 

Top organizations influencing the vascular access devices market trends are Prodimed, Ameco Medical Equipment LLC, Romsons Scientific & Surgical Pvt. Ltd., Bluegrass Vascular Technologies Inc., Nipro Medical Corporation, Terumo Corporation, AngioDynamics Inc., B. Braun Medical Inc., C. R. Bard Inc., Smiths Medical Inc., and Becton Dickinson and Company.