Vascular Closure Devices Market Expected to Grow at a CAGR of 7.01% during the Forecast Period of 2019 to 2025. Top Key Players: Abbott Laboratories, Medtronic PLC, Cardinal Health, Essential Medical, Biomedical, and others

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. Vascular closure devices (VCDs) were introduced in the early 1990’s with the goal of limiting the time, labor, bed rest and patient discomfort associated with MC.

Vascular Closure Devices Market Outlook:

The global vascular closure devices market is witnessing significant growth owing to increasing demand for diagnostic angiography procedures due to swelling prevalence of Coronary Heart Disease (CHD). According to the research published in Centers for Disease Control and Prevention (CDC) in 2017, Coronary Heart Hisease (CHD) is one common type of heart disease, which causes about 370,000 deaths in U.S. annually. Furthermore, the launch of innovative vascular closure devices in market is also expected to create lucrative environment for market growth.

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Vascular Closure Devices Market Key Players:

The leading vascular closure devices market players are Abbott Laboratories, Cardinal Health, Inc. (Cordis), Cardiva Medical, Inc., Essential Medical, Inc., Inseal Medical Ltd., Medtronic PLC, Merit Medical Systems, Inc., Morris Innovative, Inc., Terumo Corporation, Tricol Biomedical, Inc., TZ Medical, Inc., Vasorum Ltd., Vivasure Medical Ltd. and among others.
Vascular Closure Devices Market Segmental Overview:
The global vascular closure devices market is segmented based on type, access, procedure and geography.

Vascular Closure Devices Market by Type:

Based on type, the market is categorized into passive approximators including collagen plugs, sealant- or gel-based devices and compression-assist devices; active approximators such as, suture-based devices and clip-based devices; and external haemostatic devices.

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Vascular Closure Devices Market by Access:

• Femoral
• Radial
The increasing desire for radial access in the coronary procedures, is a major concern for VCDs market, as the radial artery can be closed more easily, thus opposing the need for invasive VCDs.

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Vascular Closure Devices Market by Procedure:

• Interventional Cardiology
• Interventional Radiology/Vascular Surgery
Due to the several advantages of VCDs over the traditional mode of hemostasis, they are widely used in both diagnostic and interventional procedures.

Vascular Closure Devices Market by Geography:

By geography, the global vascular closure devices market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. North America accounted for the largest market share of the global vascular closure devices industry in 2018. Increasing number of obesity and rising prevalence of cardiovascular rates are likely to enhance the growth of vascular closure devices.

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