Access for all: Changing demographics and product innovation will drive industry growth

Over the five years to 2017, revenue for the Venous Access Device Manufacturing industry has been slowly rising, bolstered by increasing physician visits and growing government and private spending on health. The rising number of physician visits can be attributed to favorable US demographics; the older the US population gets, the more likely they need to use industry products. Over the five years to 2022, the industry is expected to benefit from recent changes in Medicare and Medicaid reimbursements. Infections acquired during hospitalization no longer receive reimbursement, which has encouraged healthcare providers to adopt the use of higher-priced antimicrobial devices, especially when performing venous access procedures...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Revenue growth has been limited by healthcare providers attempting to cut purchase costs
  • Countries with strong healthcare sectors are expected to create new competition for the industry
  • The baby boomer demographic is set to become the industry’s largest market
  • Industry Report - Industry Investment Chapter

    Venous access device manufacturers have moderate fixed capital expenses, yet wage costs are also higher than average in the manufacturing sector, at about 18.2% of revenue. For every dollar of wages $0.10 is spent on capital equipment. The industry produces a range of products for highly specialized applications. Not all products can be manufactured on an automated production line, which causes labor costs to increase. Skilled specialists are needed to create many venous access devices, and these employees command salaries well above the manufacturing sector average wage.The larger industry operators frequently acquire small companies to broaden their range of products and markets, which raises capital expenses. The...purchase to read more.

    Additional Insights for the Venous Access Device Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Venous Access Device Manufacturing Industry are

  • Having contacts within key markets
  • Economies of scale
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 50 and older and Number of physician visits in the Venous Access Device Manufacturing industry impact industry performance..

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    What's in this report

    What is the Venous Access Device Manufacturing Industry?

    This industry manufactures venous access devices, such as peripherally inserted central catheters (PICCs), central venous catheters (CVCs), dialysis catheters, implantable ports and catheter securement devices. Medical professionals use these devices to access a patient’s bloodstream through the veins and deliver a variety of treatments including hydration, nutritional infusion, antibiotics, chemotherapy and dialysis.

    Industry Products
  • Peripherally inserted central catheters (PICCs)
  • Central venous catheters (CVCs)
  • Implantable ports
  • Industry Activities
  • Manufacturing venous access devices
  • Manufacturing peripherally inserted central catheters (PICCs)
  • Manufacturing central venous catheters (CVCs)
  • Manufacturing dialysis catheters
  • Manufacturing implantable ports
  • Manufacturing catheter securement devices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 50 and older
  • Number of physician visits
  • Total health expenditure
  • Number of people with private health insurance
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Consolidation and plant closings
  • Meeting the population’s needs
  • Funding sustains demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Americans need venous access devices
  • New products still on the horizon
  • Healthcare reform and pricing pressures
  • Table: Venous Access Device Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Venous Access Device Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Specialist Doctors
  • Hospitals
  • Natural Disaster & Emergency Relief Services

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Manufacturing

  • Products & Services
  • Peripherally inserted central catheters (PICCs)
  • Implantable ports
  • Other
  • Central venous catheters (CVCs)
  • Chart: Venous Access Device Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Distributors
  • Exports
  • Third-party healthcare providers
  • Specialists and alternate-care providers
  • Other
  • Chart: Major Market Segmentation for the Venous Access Device Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Research and development
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Venous Access Device Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Venous Access Device Manufacturing Industry

  • Industry Globalization
    C.R. Bard Inc., Baxter International Inc.,
  • Table: C.R. Bard Inc. - financial performance
  • Table: Baxter International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Venous Access Device Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Venous Access Device Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • No. of Physicians Visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Central Venous Catheter
  • A catheter placed into a large vein in the neck, chest or groin.
  • Dialysis Catheter
  • A catheter used for exchanging blood to and from the hemodialysis machine from the patient.
  • Implantable Port
  • A thin, soft, plastic tube that is put into a vein in the chest or arm and has an opening (port) just under the skin.
  • Peripherally Inserted Central Catheter
  • A catheter that can be used for a prolonged period of time. A PICC is inserted in a peripheral vein and then advanced toward the heart.
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    Why buy this report?

    IBISWorld’s Industry Market Report on Venous Access Device Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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    This report on Venous Access Device Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Venous Access Device Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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