Global Vascular Closure Device Market In-Depth Insight Of Sales Analysis, Growth Forecast with top player analysis like Cardinal Health, Essential Medical, Inc. Cardiva Medical, Terumo Medical Corporation, Cook Medical, Abbott, Morris Innovative

The Vascular Closure Device Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. Vascular Closure Device Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The Global Vascular Closure Device Market value was 895.4 million in 2016 growing at a CAGR of 7.30% during the forecast period of 2017 to 2024.

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Top players of Global Vascular Closure Device Market

• Abbott,
• Cardinal Health,
• Essential Medical, Inc.
• Cardiva Medical,
• Terumo Medical Corporation,
• Cook Medical,
• TZ Medical,
• Vivasure Medical,
• Endocor Inc.,
• Vasorum Ltd.,
• Morris Innovative,
• Medtronic,
• AccessClosure,
• Merit Medical Systems, Inc.,
• St. Jude Medical,
• Arstasis,
• Chitogen, Inc.,
• Marine Polymer Technologies,
• Scion Cardio-Vascular Inc,
• Tricol Biomedical, Inc.,
• Benrikal Medical Services Inc.,
• Boston Scientific ,
• Lepu Medical Technology (Beijing) Co., Ltd.,
• InSeal Medical Ltd. , and others.

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Market Segments

On the basis of geography global vascular closure device market report covers data points for 28 countries across multiple geographies such as

• North America & South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.

On the basis of types, Global Vascular Closure Device Market is segmented into

• passive approximators and
• active approximators

Passive approximators are further divided into

• collagen plugs sealent or
• gel based

Whereas active approximators are sub segmented into clip and suture devices. In 2015, active approximators held majority of shares whereas in 2017, passive approximators are expected with the highest share in the vascular closure devices market.

On the basis of access, global vascular closure device market is segmented into

• femoral and
• radial

Here, femoral vascular closure device market holds majority of shares in 2015 as compared to radial vascular closure device market and is expected to dominate in the forecast period 2017-2024

On the basis of procedure, global vascular closure device market is segmented into

• interventional cardiology and
• radiology

Interventional cardiology is expected to dominate the market in the forecast period 2017- 2024 rise in future and would apply to related diseases such as cardiovascular diseases and obesity.

On the basis of end user, global vascular closure device market is segmented into

• hospitals,
• ambulatory,
• surgical centers,
• clinics

On the basis of distribution channel, global vascular closure device market is segmented into

• direct tenders
• retail

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Major Market Drivers and Restraints:

• Rising rate of cardiovascular diseases and obesity
• New technological development for ease and safety
• Growth due to geriatric population
• Preference of non-invasive procedure
• High price of vascular closure device
• Product failure and cancellation
• Adopting more of Interventional Procedures Using Radial Artery Access

Competitive Analysis

The global vascular closure device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vascular closure device market for global, Europe, North America, Asia Pacific and South America.

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