Vascular Closure Devices Market to Witness a Robust Growth, estimates DelveInsight | Prominent players: Abbott, Teleflex Incorporated, Terumo Medical Corporation, Cardinal Health, Cardival Medical, Inc., Merit Medical Systems, Medtronic, Morris Innovative

The worldwide market for Vascular Closure Devices reached a value of USD 1.11 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.18% during the forecast period spanning from 2023 to 2028, ultimately reaching USD 1.59 billion by 2028. Factors contributing to this growth include the escalating incidence of cardiovascular ailments such as heart strokes, the rising prevalence of risk factors linked with cardiovascular diseases like obesity and hypertension, an aging population, and the increasing popularity of minimally invasive procedures. These factors are anticipated to propel the vascular closure devices market forward.

DelveInsight's "Vascular Closure Devices Market Insight & Forecast" report will offer an in-depth understanding of the Vascular Closure Devices market, further benefiting the competitors or stakeholders operating in the Vascular Closure Devices arena.

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Vascular Closure Devices Overview

Vascular closure devices (VCDs) are medical devices used to achieve hemostasis (the cessation of bleeding) at the site of vascular access following diagnostic or interventional procedures involving catheterization. These devices are designed to seal the puncture site in the artery or vein, thereby reducing the risk of bleeding complications and expediting patient recovery.

Types of Vascular Closure Devices:
Active Closure Devices: These devices use mechanisms such as sutures, collagen plugs, or clips to mechanically seal the puncture site.
Passive Closure Devices: Passive closure devices rely on the body's natural clotting mechanisms to achieve hemostasis, often incorporating absorbable materials or bioresorbable components.
Procedure:
Insertion: Following the completion of the catheterization procedure, the vascular closure device is inserted into the arterial or venous puncture site.
Activation: Depending on the type of device, it may be activated mechanically, using pressure, or through an automated mechanism.
Closure: The device facilitates the closure of the puncture site, promoting the formation of a stable hemostatic seal.
Monitoring: Healthcare providers monitor the patient for signs of bleeding or complications following device deployment.
Indications:
Vascular closure devices are commonly used following diagnostic or interventional procedures involving arterial or venous access, such as cardiac catheterization, angiography, percutaneous coronary intervention (PCI), and peripheral vascular interventions.
These devices are particularly beneficial in procedures where large-bore catheters or sheaths are utilized, as they help minimize the risk of access site complications, including bleeding, hematoma formation, and pseudoaneurysm formation.
Advantages:
Improved Patient Comfort: Vascular closure devices can reduce the duration of bed rest and compression at the puncture site, leading to enhanced patient comfort and early ambulation.
Reduced Complications: By facilitating rapid and effective hemostasis, VCDs help minimize the risk of access site complications, such as bleeding, infection, and nerve injury.
Enhanced Procedural Efficiency: The use of vascular closure devices can streamline post-procedural care, allowing healthcare providers to discharge patients sooner and potentially increasing procedural throughput.
Considerations:
Device Selection: The choice of vascular closure device depends on factors such as the size and location of the puncture site, patient anatomy, and the preference and experience of the healthcare provider.
Complication Management: While VCDs are generally safe and effective, healthcare providers should be prepared to manage potential complications, including device failure, vascular injury, and allergic reactions.

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Vascular Closure Devices Market Insights

In the realm of vascular closure devices, North America is poised to capture a substantial market share compared to other regions. This anticipation is rooted in various factors, including the region's elevated incidence of cardiovascular diseases and their associated risk factors, a burgeoning elderly population, increased awareness among individuals regarding disease management, their capability to afford such devices, and other influential elements.

Cardiovascular diseases, which encompass a range of conditions such as acute coronary syndrome, atherosclerosis, and congestive heart failure, are prevalent in North America. According to data from the Centers for Disease Control and Prevention (2021), prominent risk factors linked to heart diseases include elevated blood cholesterol levels, hypertension, and smoking. The data highlights that nearly 47% of Americans exhibit at least one of these three risk factors. This underscores the importance of the vascular closure devices market in North America, where the prevalence of cardiovascular risk factors contributes significantly to the region's dominance in the market landscape.

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Vascular Closure Devices Market Segmentation Analysis

1. Vascular Closure Devices Market by Product Type: Active Approximators [Suture-Based, Clip-Based, and Assisted Compression Devices] and Passive Approximators [Sealant-Or-Gel-Based and Bioabsorbable Plugs], and Others
2. Vascular Closure Devices Market by Access: Femoral And Radial
2. Vascular Closure Devices Market by End User: Hospitals & Clinics, Ambulatory Surgical Centers, and Others
3. Vascular Closure Devices Market by Geography: North America, Europe, Asia-Pacific, and Rest of the World

Vascular Closure Devices Market Companies

Several prominent companies are active in the vascular closure devices market, including Abbott, Teleflex Incorporated, Terumo Medical Corporation, Cardinal Health, Cardival Medical, Inc., Merit Medical Systems, Medtronic, Morris Innovative, TZ Medical, Vasorum Ltd, Tricol Biomedical, Vivasure Medical Ltd, Transluminal Technologies, W. L. Gore & Associates, Inc., Meril Life Sciences Pvt. Ltd, Gem srl, and others.

To understand key companies related to the Vascular Closure Devices Market, get a snapshot of the Vascular Closure Devices Regulatory and Patent Analysis, visit: https://www.delveinsight.com/report-store/vascular-closure-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

Table of Contents

1. Vascular Closure Devices Market Report Introduction
2. Vascular Closure Devices Market Executive Summary
3. Regulatory and Patent Analysis
4. Vascular Closure Devices Market Key Factors Analysis
5. Vascular Closure Devices Market Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Vascular Closure Devices Market
7. Vascular Closure Devices Market Layout
8. Vascular Closure Devices Market Global Company Share Analysis - Key 3-5 Companies
9. Vascular Closure Devices Market Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight
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This release was published on openPR.