Global vascular access devices market to hit $9.05b by 2030

Increased government support is expected to drive the sector.

The global market for vascular access devices, valued at $5.99b in 2024, is projected to reach $9.05b by 2030 at a compound annual growth rate of 7.1%, said Markets and Markets.

The sector’s expansion is attributed to the rising prevalence of chronic diseases like cancer and kidney diseases.

Moreover, increased government support for the construction of healthcare infrastructure and technological developments are expected to drive the market.

“The increasing number of hospitals globally also poses an opportunistic factor for market growth,” the report said.