Global Venous Device Market is valued approximately USD 0.80 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.97 % over the forecast period 2021-2027. Venous access devices can be implanted under the skin. Venous devices deliver medications directly into l veins, venous devices can be left in for long periods. Also these devices are small and flexible. They are widely used for administration of medications and nutritional compounds. Growing prevalence of lifestyle disease and availability of various gauge sizes of venous device are key drivers for the growth of Venous Device market. For instance, as per International Diabetes Federation as of 2021 approximately 0.537 billion adults (20-79 years) are living with diabetes.
The total number of people living with diabetes is projected to rise to 0.643 billion by 2030 and 0.783 billion by 2045. Also, with the increasing demand from end use industries and surging healthcare infrastructure, the adoption & demand for Venous Device is likely to increase the market growth during the forecast period. However, high cost of Venous Device and surging healthcare infrastructure impede the growth of the market over the forecast period of 2021-2027.
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The key regions considered for the global Venous Device market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing prevalence of various chronic diseases in the region. Whereas, Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing need for medication delivery technologies would create lucrative growth prospects for the Venous Device market across Asia-Pacific region.
Major market player included in this report are:
Angio Dynamics
Smiths Medical
Cook Group Incorporated
Abbott Laboratories
Baxter International
C R Bard
Reinventing Venous Access
Becton Dickinson and Company
Boston Scientific Corporation
Teleflex Incorporated.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Ablation Devices
Surgical products
Venous Closure System
By Treatment Type:
Endovenous Ablation Powder
Sclerotherapy
Surgical Ligation
Stripping
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By End Use Industries:
Hospital pharmacies
Retail pharmacies
Mail order pharmacies
e-commerce
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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