Peripheral Intravenous Catheters:
Peripheral Intravenous Catheters are a sub-segment of the vascular access devices market. These catheters are inserted into the peripheral veins for the administration of medications, fluids, or blood products. They are commonly used in hospitals, clinics, and homecare settings. The increasing need for intravenous therapy and the rising prevalence of chronic diseases are driving the demand for peripheral intravenous catheters.
Central Venous Catheters:
Central venous catheters are another important sub-segment of the vascular access devices market. These catheters are inserted into a large vein, usually in the chest, to provide access to the central venous system. They are used for various purposes such as administration of chemotherapy drugs, parenteral nutrition, and hemodialysis. The rising incidence of cancer and the increasing number of surgical procedures contribute to the growth of the central venous catheters market.
The vascular access devices market is highly competitive with the presence of several key players. Some of the major market players include Becton, Dickinson and Company, C.R. Bard Inc., Teleflex Incorporated, Fresenius Medical Care AG & Co. KGaA, and Medtronic plc. These companies focus on strategic collaborations, mergers and acquisitions, and new product launches to enhance their market presence. Moreover, they invest significantly in research and development activities to develop innovative and technologically advanced vascular access devices.