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Vascular Closure Devices Market Surge: Market Size, Key Trends, and Competitive Analysis Indicate Robust Growth Outlook by 2033
Vascular Closure Devices Market
As per the report, the vascular closure devices market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The vascular closure devices market size is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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Cardiovascular Disease Prevalence Fuels Growth In Vascular Closure Devices Market
The increasing prevalence of cardiovascular diseases is expected to drive the growth of the vascular closure devices market. Cardiovascular disease (CVD) refers to conditions that affect the structures or function of the heart or blood vessels, affecting blood flow to the heart. Vascular closure devices (VCDs) are a substitute for conventional mechanical compression to close the femoral artery and offer rapid sealing of the femoral artery access site, potentially resulting in quicker attainment of hemostasis and a reduced risk of bleeding or hemorrhage following placement. For instance, in June 2023, according to the Immigration and Checkpoints Authority, a Singapore-based law enforcement agency, the number of people who died from heart and hypertensive diseases in Singapore increased from 6,238 in 2021 to 6,884 in 2022. Therefore, the increasing prevalence of cardiovascular diseases is expected to propel the growth of the vascular closure devices market.
Innovative Vascular Closure Devices Such As Azur Vascular Plug Enhance Market Competitiveness
Major companies operating in the vascular closure devices market are developing innovative products, such as the AZUR Vascular Plug, to increase profitability in the market. The AZUR Vascular Plug is a medical device that closes or blocks a blood vessel and is made of a self-expanding nitinol wire mesh. For instance, in July 2021, Terumo Medical Corporation, a Japan-based manufacturer of medical devices, launched the AZUR Vascular Plug for peripheral vascular embolization. It is a specially created plug that may occlude arteries up to 8 mm in diameter and is suggested to slow down or stop blood flow in arteries of the peripheral vasculature. It is compatible with a microcatheter. The AZURTM Vascular Plug has a short deployment length for improved precision and is available in sizes to treat vascular architecture ranging from 2.5mm to 8mm. It has an inner composite membrane of polytetrafluoroethylene (ePTFE) and polyethylene terephthalate (PET) that facilitates mechanical occlusion.
The vascular closure devices market covered in this report is segmented -
1) By Type: Passive Approximators, Active Approximators, External Hemostatic Devices
2) By Access: Femoral Access, Radial Access
3) By End User: Acute Care Facilities, Hospitals, Clinics, Other End Users
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Major companies operating in the vascular closure devices market report are Cardinal Health Inc., Abbott Laboratories, Medtronic plc, Koninklijke Philips NV, Boston Scientific Corporation, Terumo Corporation, C.R. Bard Inc., Cook Medical Inc., W. L. Gore & Associates Inc., Maquet Getinge Group, Teleflex Inc., BTG International Inc., Biotronik GMBH & CO.KG, Merit Medical System Inc., Vygon SA, Cardiovascular Systems Inc., Sirtex Medical Limited, Endologix LLC, TZ Medical Inc., Cardiva Medical Inc., Essential Medical Inc., KOAG LLC, Morris Innovative Inc., Vasorum Ltd., Scion BioMedical Inc., Z-Media LLC, Advanced Vascular Dynamics, Transluminal Technologies Inc., Tricol Medical Inc.
Contents of the report:
1. Executive Summary
2. Vascular Closure Devices Market Report Structure
3. Vascular Closure Devices Market Trends And Strategies
4. Vascular Closure Devices Market - Macro Economic Scenario
5. Vascular Closure Devices Market Size And Growth
…..
27. Vascular Closure Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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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…
