Vascular Closure Devices Market: Global Analysis by Type, Access, Procedure, Region and Top Companies Terumo Corporation, Abbott, Cardinal Health, Teleflex Incorporated

Delvens published an exclusive report, titled, "Vascular Closure Devices Market: Global Analysis by Type, Access, Procedure, Region and Top Companies Terumo Corporation, Abbott, Cardinal Health, Teleflex Incorporated". This Vascular Closure Devices Market research report is the holistic view of the current market dynamics derived from the historical data analysis from the previous years. The report visibly clarifies the market description, segregations, applications, activities and market trends for the Healthcare industry. This market research forecasts the market status, trends, growth rate, market drivers, scope and constraints, risks, sales data (value and volume), channels and distributors. This report is the result of deep-dive analysis focusing on primary and secondary drivers, market share, top segments, product, application industry across different geographies.

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Vascular Closure Devices Market Key Players:

Terumo Corporation
Abbott
Cardinal Health
Cardiva Medical, Inc.
Medtronic Plc.
Morris Innovative, Inc.
Teleflex Incorporated
Merit Medical Systems, Inc.
Vasorum Ltd.
TZ Medical, Inc.
Vivasure Medical Ltd.
Tricol Biomedical
Scion Biomedical
Advanced Vascular Dynamics

In 2021, PerQseal Blue a product of Vivasure Medical Ltd is under development by the company.

In June 2021, In 2021, Abbott took over Walk Vascular, LLC in order to expand its portfolio of peripheral vascular devices.

Vascular Closure Devices Market Trend:

The Global Vascular Closure Devices Market has reached a value of $1.4 billion in 2022. This market is projected to grow from $1.5 billion in 2023 to $2.44 billion in 2023 with a CAGR of 7.2% in the forecast period of 2023-2030.

Vascular closure devices (VCDs) are medical devices used to seal the small hole or puncture made in a blood vessel during diagnostic or therapeutic interventions, such as cardiac catheterization, angiography, or endovascular surgery. These devices can help reduce the time to hemostasis (cessation of bleeding) and improve patient comfort and mobility after the procedure. There are several types of VCDs available which are either mechanical or biological mechanisms to seal the puncture site.

Mechanical VCDs use a variety of mechanisms to achieve hemostasis, including sutures, clips, plugs, or collagen-based sealants. These devices close the wall and stimulate clot formation which in turn deals with the sealing of holes. These devices typically consist of a collagen-based plug or a hemostatic agent that is delivered to the puncture site. The hemostatic agent promotes clot formation and helps seal the hole.

Need for Vascular Closure Devices:

The increasing prevalence of cardiovascular diseases, the growing number of minimally invasive procedures, and the desire to reduce procedure time & enhance patient outcomes are the major factors that drive the market of Vascular Closure Devices worldwide. Majorly these devices are a valuable tool for achieving hemostasis after vascular procedures, but their use should be carefully considered based on individual patient factors and the specific procedure being performed. Various interventional surgery for cardiovascular and heart disease increased the demand for the use of vascular closure devices to treat the sutures and has drastically improved its market value globally as extrapolated in this forecast period.

Vascular Closure Devices Market Regional Analysis:

North America placed a huge market position for vascular closure devices among other regions. Since they have specialized healthcare systems, the increasing cause of cardiovascular disease & heart attacks, along with huge vascular, and cardio-related surgery. The report made by Centers for Disease Control and Prevention on heart disease in the United States mentioned that it is a major cause of death, people were dying every 34 seconds, and nearly 697,000 people died due to heart disease in 2020. Coronary Artery Disease and Heart attack are considered serious illnesses among all in the United States due to their high death rate. All these leading concerns raised the need for vascular closure devices in the United States region eventually enhancing the market value of vascular closure devices in the North American region.

Further, in 2022 the leading medical technology service provider company Teleflex Incorporated got its approval from Health Canada for marketing their product MANTA Vascular Closure Device developed specifically for large bore femoral arterial access site closure. In 2020, Veryan Medical made a collaboration with Vasorum for the marketization of the Celt Atrial Closure Device in the United States. New development and collaboration will eventually enhance the vascular closure device market overall in the coming years.

Table of Contents

Vascular Closure Devices Market is segmented into Type, Access, Procedure and region.

On the basis of Type

Passive Approximators
Collagen Plugs
Sealant or Gel-based Devices
Compression Assist Devices
Active Approximators
Suture-based Devices
Clip-based Devices
External Hemostatic Devices

On the basis of Access

Femoral Access
Radial Access

On the basis of Procedure

Interventional Cardiology
Interventional Radiology/Vascular Surgery

On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

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