Market Scenario
Global Vascular Closure Devices Market was valued US$ 705 Mn in 2017 and is expected to reach US$ 1286.5 Mn by 2026, at a CAGR of 7.81 % during a forecast period.
The vascular closure devices market is segmented into product, end user, access, hole size, and region. In terms of product, vascular closure devices market is segmented into passive approximators and active approximators. Based on end user segment, vascular closure devices market is classified into interventional cardiology, interventional radiology & vascular surgery. Further access, vascular closure devices market is divided into femoral, and radial. In terms of hole size, vascular closure devices market is classified into small hole and large hole.
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Based on regions, the global vascular closure devices market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa.
Global Vascular Closure Devices Market
Vascular closure devices are used to achieve hemostasis after a cardiovascular procedure. In terms of product, Active approximators dominated the VCD industry owing to high-efficiency rate and presence of broad product portfolio in this segment. Also, many companies are focusing on this segment for the release of new products. Passive approximators are the fastest growing segment as they provide reliable and quick hemostasis of vascular access site.
On the basis of the end user, the interventional cardiology segment is expected to dominate the market due to the high prevalence of cardiovascular diseases and the rapidly increasing heavy population.
Based on access, the femoral access segment is estimated to account for the largest share of the market owing to an increasing number of cardiologists and physicians opting for femoral access in interventional procedures, the market is expected to witness significant growth during the forecast period.
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High prevalence of cardiovascular diseases, high incidence of obesity and a rising need for minimally invasive procedures are boosting the global vascular closure devices market growth. Additionally, increasing healthcare expenditure and demand for new treatment options along with the rise in government support are expected to drive the growth of the market.
The increasing interventional procedures using radial access, the high cost of vascular closure devices, and the risks associated with vascular closure devices are the major restraints for the market.
Need for highly skilled professionals is the major challenge for the global vascular closure devices market. Geographically, Asia Pacific is the fastest growing market for the vascular closure devices due to the rising population and increasing standard of living. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for diagnostic services.
The key player operating in global vascular closure devices market are Medtronic W.L. Gore, Cook Medical, Boston Scientific, C.R. Bard, Terumo, Abbott Vascular, BTG, Cardinal Health, Philips, Cardiovascular Systems Inc., Sirtex, Maquet, and Endologix. Scope of Global Vascular Closure Devices Market:
Global Vascular Closure Devices Market, by Product:
Passive Approximators Active Approximators Global Vascular Closure Devices Market, by End User:
Interventional Cardiology Interventional Radiology & Vascular Surgery Global Vascular Closure Devices Market, by Access:
Femoral Radial Global Vascular Closure Devices Market, by Hole Size:
Large Hole Small Hole
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Global Vascular Closure Devices Market, by Region:
North America Europe Middle East & Africa Asia Pacific Latin America Key players operating in Global Vascular Closure Devices Market:
Medtronic W.L. Gore Cook Medical Boston Scientific C.R. Bard Terumo Abbott Vascular BTG Cardinal Health Philips Cardiovascular Systems Inc. Sirtex Maquet Endologix Teleflex
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Vascular Closure Devices Market Latest Trends and Business Outlook 2018 to 2026 - News Times
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- Interventional Cardiologists in Austin, TX | Austin Heart - February 22nd, 2019 [February 22nd, 2019]
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- Interventional Cardiology - St. Mary's Hospital and Health ... - February 22nd, 2019 [February 22nd, 2019]
- London & Milan - Cardiology Fellowships - February 22nd, 2019 [February 22nd, 2019]
- Interventional Cardiology | Saint Luke's Health System - February 22nd, 2019 [February 22nd, 2019]
- Interventional Cardiology | American Medical Association - February 22nd, 2019 [February 22nd, 2019]
- Interventional Cardiology | Piedmont Heart Institute ... - March 12th, 2019 [March 12th, 2019]
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- If You Are Referred to an Interventional Cardiologist - April 1st, 2019 [April 1st, 2019]
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- Interventional Cardiology | AdventHealth Cardiovascular ... - May 11th, 2019 [May 11th, 2019]
- APSIC - Asian Pacific Society of Interventional Cardiology - May 13th, 2019 [May 13th, 2019]
- Interventional Cardiology | UNC REX Healthcare | Raleigh ... - May 20th, 2019 [May 20th, 2019]
- Interventional Cardiology - montefiore.org - May 20th, 2019 [May 20th, 2019]
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- Study links childhood obesity with screen time - The Hindu - September 28th, 2019 [September 28th, 2019]
- Tiara for Treatment of Mitral Regurgitation and Neovasc Reducer for Treatment of Refractory Angina to be Featured at TCT 2019 Conference - BioSpace - September 28th, 2019 [September 28th, 2019]
- Five Atlantic Health System Team Members Lauded by NJ American Heart Association for Life-Saving Measures - TAPinto.net - September 28th, 2019 [September 28th, 2019]
- World Heart Day 2019: Cardiovascular Disease Is The World's Biggest Killer And Claims More Than 17.5 Million Lives - Outlook India - September 28th, 2019 [September 28th, 2019]
- Consulting Cardiologists Brings Exceptional Care to Heart of WH - Patch.com - September 28th, 2019 [September 28th, 2019]
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- FDA Approves Coronary ViperWire Advance With Flex Tip - Diagnostic and Interventional Cardiology - October 23rd, 2019 [October 23rd, 2019]
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- Global Interventional Cardiology Devices Market Analysis and CAGR during the Forecasting years of 2019-2025. - Air News Paper - October 23rd, 2019 [October 23rd, 2019]