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Vascular Closure Device Market 020: Global Survey Report, COVID-19 Impact and Overwhelming Hike of Billion-Dollar Industry | Abbott, Tricol Biomedical, ENDOCOR GmbH, Cardinal Health, Biotronik
Vascular Closure Device Market
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Market Analysis: Global Vascular Closure Device Market
Global vascular closure device market is registering a substantial CAGR of 7.79% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed to the surging preferences towards the non-invasive procedures with new and upgraded technological developments in medical imaging which is expected to grow the market of vascular closure devices.
Key Market Competitors:
Few of the major market competitors currently working in the global vascular closure device market are Abbott, Merit Medical Systems, Transluminal Technologies Inc., Terumo Corporation, Medtronic, Hemostasis LLC, Vasorum Ltd., Tricol Biomedical, ENDOCOR GmbH, 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 and W.L. Gore & Associates among others.
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Market Definition: Global Vascular Closure Device Market
Vascular closure device is a piece of collagen or suture which is designed for sealing of puncture made in the artery after an angiogram. This device is used by the specialist doctors. It has no after or side effects on the body of the patient. The insertion process of VCDs approximately takes 5 minutes. It reduces the recovery time after the surgical procedure. It has also improved patient satisfaction. It has a high efficiency rate as compared to traditional methods. Its main purpose is to make availability of rapid hemostasis of the artery as well as reduce complications.
Segmentation: Global Vascular Closure Device Market
Vascular Closure Device Market : By Type
Passive Approximators
Active Approximators
External Hemostatic Devices
Vascular Closure Device Market : BY Access
Femoral Access
Radial Access
Vascular Closure Device Market : By Procedure
Interventional Cardiology
Interventional Radiology/Vascular Surgery
Vascular Closure Device Market : By Distribution Channel
Direct Tenders
Retail
Vascular Closure Device Market : By Application
Diagnostic Intervention
Therapeutic Intervention
Vascular Closure Device Market : BY End User
Hospitals and Clinics
Specialty Centers
Ambulatory Surgery Centers
Others
Vascular Closure Device Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Vascular Closure Device Market :
In March 2018, Terumo Corporation has announced that it is acquiring the large bore vascular closure device business of Medeion Biodesign Inc. This acquisition will expand the business of Terumo Corporation as well as its share in the market in this fast growing segment.
In January 2017, Terumo Corporation had acquired some of the assets which are owned by Abbott and St. Jude Medical. It has acquired vascular closure product lines of Angio-Seal and FemoSeal. This acquisition will expand the product lines of the company will increase the sales of the company.
Vascular Closure Device Market : Drivers
The vascular closure devices approvals number has surged which is driving the growth of the market
The cardiovascular disease has high prevalence is boosting the growth of the market
Surging prevalence of obesity is propelling the growth of the market
The rising focus of market players on large-bore vascular closure devices is fueling the growth of the market
The rising demand for minimally invasive solutions is contributing to the growth of the market
Vascular Closure Device Market : Restraints
The rising preference for interventional procedures using radial artery access is restraining the growth of the market
The cost of vascular closure devices is much higher which hinders the market growth
The failures and recalls of the product is hampering the growth of the market
Reasons to Purchase this Report :
Current and future of global vascular closure device market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report :
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
Peripheral vascular disorder (PVD) is a blood circulation disorder…
