Vascular Closure Device Market to Witness Growth rate of 7.79% in the Forecast Period of 2019 to 2026

Vascular Closure Device Market is forecasted to grow at 7.79% for 2019 to 2026 with factors such as high cost of these devices and risk associated with the failure of the product hampering the market growth.        

Vascular closure device market has shown a significant adoption rate and preferences from the North American region with countries such as U.S. and Canada. Rising government initiatives to enhance VCD and rising number of interventional procedures are some of the factors enhancing the demand for vascular closure device in the region.

Vascular Closure Device Market Scenario

According to Data Bridge Market Research vascular closure device market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand for minimally invasive procedures, increasing cases of cardiovascular diseases, increasing healthcare expenditure and rising investment by government organization in VCD.

Now the question is which are the regions that vascular closure device market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

Vascular closure device market is becoming more competitive every year with active approximators currently being the largest market type for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the vascular closure device market.

For more analysis on the vascular closure device market, request for a briefing with our analysts

Vascular Closure Device Market Development

Vivasure Medical Ltd. announced the launch of PerQseal closure device in November 2018 which is specially designed for large-bore transcatheter procedures. It is the first sutureless synthetic implant to be fully absorbed for large bore arterial punctures. They are very beneficial for closing large holes.

Scope of the Vascular Closure Device Market

Vascular closure device market on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

  • All country based analysis of the vascular closure device market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into passive approximators, active approximators and external hemostatic devices. Based on access, the market is segmented femoral access and radial access. Procedure segment of the market is divided into interventional cardiology and interventional radiology/vascular surgery. Distribution channel segment of the market is divided into direct tenders and retail. Application segment of the market is divided into diagnostic intervention and therapeutic intervention. End- user segment of the market is divided into hospitals & clinics, specialty centers, ambulatory surgery centers and others.
  • Vascular closure devices are those devices which are specially designed so they can offer prompt sealing after an angiogram of the minor puncture in the artery. Some of the common types of the vascular closure devices are passive approximators, external hemostatic devices and active approximators. These devices are very beneficial as they have the ability to enhance patient satisfaction, decrease hospital stay time, and provide early patient mobilization. They are widely used in applications such as therapeutic intervention and diagnostic intervention.

To know more about the study

Key Pointers Covered in the Vascular Closure Device Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Abbott
  • Merit Medical Systems
  • Transluminal Technologies Inc
  • Terumo Corporation
  • Medtronic
  • Hemostasis LLC
  • Vasorum Ltd.
  • Tricol Biomedical
  • Cardinal Health
  • Teleflex Incorporated
  • TZ Medical Inc.
  • Semlar Technologies Inc.
  • Cardivial Medical Inc.
  • Vivasure Medical Ltd.
  • Marine Polymer Technologies Inc.
  • B. Braun Melsungen AG
  • Biotronik, Inc.
  • BD
  • W.L. Gore & Associates

Above are the key players covered in the report, to know about more and exhaustive list of vascular closure device companies, contact us

Research Methodology: Global Vascular Closure Device Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports

Browse in Healthcare Category Related Reports@