Vascular Closure Devices Market – Global Industry Growth, Size, Share, Trends, Opportunities and Forecast – 2027

Research Reports

Mar 11, 2022

(USA, NY, New York City) Market Research Future (MRFR) speculates that the global vascular closure devices market is slated to register a CAGR of 6.8% during the forecast period. The increasing approvals for vascular closure devices are highly favoring the market growth across the globe. Vascular closure devices are referred to as medical devices which are specifically used to seal puncture of the femoral artery in the patients undergoing interventional procedures or diagnostic angiography procedures. These devices are considered an alternative to manual compression as they offer immediate sealing of the femoral artery access site.

The market’s course is chiefly directed by the rising approval for vascular closure devices, increasing support, and initiatives by the government, and growing demand for advanced treatment. With augmenting research and clinical trials for vascular closure devices coupled with the new product launches by the market players, the global vascular closure devices market is considered to flourish during the appraisal period. Moreover, the high-efficiency rate of vascular closure devices is likely to influence the market growth in the coming years. As per the CDC, coronary heart disease has caused around 370,000 deaths in the U.S. in 2017. Factors such as increased prevalence of cardiovascular diseases and the rising prevalence of obesity across the globe have further contributed to the growth of the market. Moreover, factors such as increased investments by the government organizations, untapped market opportunities especially in the emerging economies, and augmenting adoption rate of minimally invasive techniques are influencing the market growth to a large extent.Vascular Closure Devices Market

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Key Players

Abbott Laboratories, Cardinal Health, Inc., Terumo Corporation, Medtronic plc, Arstasis, Inc., Cardiva Medical, Inc., Chitogen, Inc., Essential Medical, Inc., Marine Polymer Technologies, Inc., Morris Innovative, Inc., Scion Cardio-Vascular, Inc., Tricol Biomedical, Inc., TZ Medical, Inc., and Vascular Closure Systems, Inc. are some of the key players in the global vascular closure devices market.

Segmental Analysis

The global vascular closure devices market has been segmented on the basis of access, product type, application, procedures, and end user.

By mode of product type, the global vascular closure devices market has been segmented into active vascular closure devices, passive vascular closure devices, and external hemostatic devices.

By mode of access, the global vascular closure devices market has been segmented into radial access and femoral access. Among these, the femoral access is predicted to gain significance in the coming years as an increased number of physicians and cardiologists are opting for femoral access in interventional procedures.

By mode of procedure, the global vascular closure devices market has been segmented into interventional radiology/vascular surgery and interventional cardiology. Among these, the interventional cardiology is estimated to gain prominence in the coming years owing to the high incidences of cardiovascular diseases coupled with the rapid growth in the obese population.

By mode of application, the global vascular closure devices market has been segmented into therapeutic intervention and diagnostic intervention.

By mode of end-users, the global vascular closure devices market has been segmented into specialty centers, hospitals & clinics, ambulatory surgery centers, and others.

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Regional Analysis

The Americas dominates the global vascular closure devices market, followed by Europe. The growing prevalence of cardiovascular diseases in these two regions is the primary driver for the vascular closure devices market. Asia Pacific is also likely to remain an important regional market for vascular closure devices and is expected to exhibit the highest growth rate over the forecast period.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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