The global Vascular Closure Devices Market was valued at USD 731.7 Million in 2018 and is expected to reach USD 1266.9 Million by the year 2026, at a CAGR of 7.0 percent. Vascular closure devices (VCD) have emerged as an effective alternative to traditional mechanical compression for femoral artery closure and is being widely used in patients undergoing catheterization via the femoral route. These devices have the potential to reduce the time to hemostasis, facilitate early patient mobilization, reduce patient discomfort associated with prolonged bed rest, improve patient satisfaction, decrease hospital length of stay (by early mobilization and reduction of complications), and potentially reduce femoral artery complications.
Vascular closure devices (VCD) are medical devices used in sealing puncture of the artery in patients who have undergone interventional procedures. The increasing government approvals for vascular closure devices, increasing government initiatives and support, increasing research and clinical trials for vascular closure devices and launch of new and advanced vascular closure products are expected to drive the growth of the market. Also, the high-efficiency rate of the vascular closure devices is estimated to boost the growth of the vascular closure devices market. According to the Centers for Disease Control and Prevention (CDC), coronary heart disease causes about 370,000 deaths in the U.S. annually. Moreover, factors such as the high prevalence of cardiological diseases, and the rising incidence of obesity support market growth over the forecasted years.
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The report includes insights into the key players of the market along with their company profiles, market position, financial standing, product portfolio, and strategic business expansion. The report offers a clear understanding of the competitive scenario with a detailed study about the latest mergers & acquisitions, partnerships, collaborations, R&D activities, joint ventures, licensing agreements, along with brand promotions and product launches.The report also covers SWOT analysis and Porter’s Five Forces analysis to offer crucial insights about each market player.
The key companies operating in the industry include
Tz Medical, Inc, Vasorum Ltd, Inseal Medical Ltd., Morris Innovative Inc., Essential Medical Inc., and Arstasis Inc., among others
The report further segments the market into product types and key applications along with a thorough regional analysis to impart a better understanding of the market spread, production and consumption patterns, key trends, manufacturing facilities, profit margins, and others in each region. The report also assesses the presence of prominent players in each key geographical region.
Type (Revenue, USD Million; 2016–2026)
- Active Approximators
- Suture Based Devices
- Clip-Based Devices
- Passive Approximators
- Collagen Plugs
- Sealant Or Gel-Based Devices
- Compression Assist Devices
- External Hemostasis Device
Access (Revenue, USD Million; 2016–2026)
Procedure Type (Revenue, USD Million; 2016–2026)
- Interventional Cardiology
- Interventional Radiology/Vascular Surgery
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The report on the global Vascular Closure Devices market provides a comprehensive analysis of the market opportunities, market share, market size, global landscape, market dynamics, industrial chain analysis, market growth, revenue growth, and current and emerging market trends. It also covers a comprehensive analysis of the market drivers and restraining factors, opportunities, growth prospects, and technological advancements in the market.
The regional analysis offers a better understanding of the market’s scope in key geographical regions of the world. It presents valuable and actionable insights about the production and consumption pattern, supply and demand ratio, sales, market share and size, and the presence of the key players in each region. The report covers key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also sheds light on the regions expected to show lucrative growth in the projected timeframe.
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. High prevalence of cardiovascular Accesss
3.2. Increasing prevalence of obesity
3.3. Increasing focus of market players on large-bore vascular closure devices
Chapter 4. Vascular Closure Devices Segmentation & Impact Analysis
4.1. Vascular Closure Devices Segmentation Analysis
4.2. Vascular Closure Devices Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Vascular Closure Devices Market Impact Analysis
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The Vascular Closure Devices market report is an investigative study that provides insights into opportunities, limitations, and barriers faced by the companies that influence or hinder the growth of the industry. It also offers critical insights to the novice players and established companies to overcome the barriers and hurdles of the market. Overall the report provides valuable information and an overview of the market scenario to gain a better understanding of the market.
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