Vascular Access Devices | Market Insights | Europe (Supplemental) | 2023
Over the forecast period, the European vascular access device market will grow at a modest rate. Although some segments will experience contractions, this will be outweighed by rapid growth in the PICC segment, which is being driven by an increase in the number of nurses performing these procedures and the development of tip location techniques that make PICC placement easier. The growth will be supported by rising adoption of new technologies such as power-injectable devices, and devices with antimicrobial coatings. However, market revenues will be hindered to some extent by declining ASPs resulting from pricing pressures and increasing competition. Importantly, vascular access devices represent a key component of care for COVID-19 patients, and therefore the pandemic’s impact on procedures, unit sales, and revenues has been incorporated into market projections.
This Medtech 360 Report provides high-level market metrics for the vascular access device market in Europe, including country-level data for major countries and aggregate data for the rest of Europe, across a 11-year period.
