Vascular Access Device Market Set for Significant Growth: Projected CAGR of 5.9% by 2030

Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Vascular Access Device Market- by Product (Portal Access Needles, Implantable Ports, Sheath Introducer, IV Safety Catheters, Central Venous Catheter, Peripherally Inserted Central Catheter and Catheter Stabilization), End-User (General Anesthesia, Regional Anesthesia, Oncology, Pain Management, Adult Critical Care, Neo Critical Care and Home and Alternate Care), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research by Insightace Analytics, the global vascular access device market was valued at US$ 3,744.2 Million in 2019. It is expected to grow with a CAGR of 5.9 % during a forecast period of 2020-2028.

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Vascular access devices (VADs) are used for diagnostic procedures such as taking central venous pressure measurements, administering fluids, taking blood samples, monitoring total parental feeding, and transfusing blood. These devices are inserted into veins via peripheral vessels. Due to diagnostics, treatments, and therapies, there is an increased demand for vascular access devices. The ability of the vascular access devices allows a combination of nutritionally dense solutions to be used without causing issues.