Global Vascular Closure Devices Market to grow at a CAGR of 8.67% during 2016-2020

About the Vascular Closure Devices Market

The global vascular closure devices market is likely to grow at a steady pace during the forecast period. This is because many clinical studies regarding vascular closure devices raised concerns about their safety and efficacy profiles. In many clinical cases, manual compressions were used as vascular closure devices that failed to show their efficacy. Vascular closure devices are used for both diagnostic and therapeutic interventions.

Concerns regarding these devices have led vendors to invest extensively in their R&D. These devices help in the diagnosis and treatment of cardiac diseases. A rise in the incidence of these diseases will lead to the demand and sales of vascular closure devices. The sales will further increase with the rapid adoption of minimally invasive equipment for cardiac surgeries. Minimally invasive surgeries such as angiography cause less pain, minimize infections, and help reduce hospital stay.

Technavios analysts forecast the global vascular closure devices market to grow at a CAGR of 8.67% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global vascular closure devices market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of vascular closure devices used for arteriotomy site closure after cardiac catheterization.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Vascular Closure Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Abbott Laboratories
Cardinal Health
St. Jude Medical
Vascular Solutions

Other prominent vendors
Arstasis
Beijing Puyishengji Medical Technology
Endocor
Essential Medical
InSeal Medical
Medeon Biodesign
Morrris Innovative
Transluminal Technologies
Vascular Closure Systems
Vasorum
Vivasure Medical

Market driver
Minimally invasive procedures with improved medical imaging
For a full, detailed list, view our report

Market challenge
Complications of vascular closure devices
For a full, detailed list, view our report

Market trend
Popularity of robot-assisted catheterization for PCI
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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