Global Venous Access Port Market Size, Trends & Growth Opportunity, By Product Type (PICC, Centrally Inserted Catheters, Implanted Ports, and Others), By End User (Hospital, and Non-Hospital), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Venous Access Port Market
Global Venous Access Port Market was valued at USD 10.45 billion in 2021 and is expected to reach USD 16.78 billion by 2027, at a CAGR of 6.50% from 2022–2027.
A venous access port can be defined as a central venous access device that allows doctors to easily access patients’ veins to give treatments and take blood. It is made of a non-irritating material and is designed to be inserted under patients’ skin and remain in place for weeks or months. This device is used to draw blood and give treatments, which include intravenous fluids, drugs, and blood transfusions.
Market Drivers
The need for venous access ports is increasing because of the growing treatments, diagnoses, and therapies which drive the global venous access port market growth. Furthermore, rising technological advancements, the growing prevalence of lifestyle diseases, and an increase in the number of chronic diseases will boost market growth during this forecast period.
Market Restraints
The high cost involved in the placement of vascular access devices is the major challenging factor which is projected to hinder the global venous access port market growth. Additionally, product recalls and failures may affect the market growth during this forecast period.
Market segmentation
The Global Venous Access Port Market is segmented into product type, end user, and region.
Based on product type, the venous access port market is segmented into PICC, Centrally Inserted Catheters, Implanted Ports, and Others.
Regional Analysis
Global Venous Access Port Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American region accounted for a major share of the overall market and is projected to maintain its dominance throughout the forecast period due to technological advancements and the growing number of surgical procedures performed. The rising prevalence of chronic diseases such as cancer, diabetes, and heart disease is expected to drive the growth of this venous access port market.
Market Key Players
Various key players are discussed in the Global Venous Access Port Market Report, including: B. Braun Melsungen AG, Smiths Medical Inc., Teleflex Incorporated, C. R. Bard Inc., Dickinson and Company, Becton, Nipro Corporation, Edwards Lifesciences, Terumo Corporation, and PRODIMED.
Market Taxonomy
By Product Type
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