Arteriotomy Closure Devices Market Set to Reach $2.26 Billion by 2029 with 7% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the Arteriotomy Closure Devices Market?
The industry for arteriotomy closure devices has expanded considerably in recent years. The market will escalate from $1.61 billion in 2024 to $1.73 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. Factors such as the surge in minimally invasive surgeries, an increased incidence of cardiovascular ailments, the widespread use of catheterization techniques, a growing older demographic, and the necessity for expedited recovery periods have contributed to the historical growth.

Over the next few years, the arteriotomy closure devices market is predicted to experience robust growth, expanding to $2.26 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this expected growth during the projection period include increasing occurrences of atherosclerosis, rising cases of coronary artery diseases, heightened attention towards patient safety and comfort, expansion of healthcare infrastructure in developing economies, and a growing demand for ambulatory surgical centers. Within the forecast period, key trends are expected to include minimally invasive procedures, adoption of bioresorbable materials, incorporation of automation into closure operations, enhanced procedural efficiency, and inventive advancements in closure devices for large arterial punctures.

What Are the Forces Behind the Rapid Growth of the Arteriotomy Closure Devices Market?
The surge in cardiovascular diseases (CVDs), which refer to various disorders impacting the heart and blood vessels, is anticipated to stimulate the expansion of the arteriotomy closure devices market. This surge is predominantly attributed to the escalating rates of risk contributors such as poor diets, lack of physical activity, obesity, and the growing elderly population. Arteriotomy closure devices, which effectively and securely seal arterial puncture sites, are integral for cardiovascular treatments, as they diminish complexities and enhance recovery following procedures like angioplasties and catheterizations. For example, the British Heart Foundation, a cardiovascular research charity based in the UK, reported in September 2024 that about 7.6 million people in the UK, including 4 million men and 3.6 million women, are presently suffering from heart and circulatory diseases. By 2030, this statistic could surge by 1 million, and by 2040, it could swell by an additional 2 million from the current numbers. Hence, the growth of cardiovascular diseases (CVDs) prevalence is fuelling the expansion of the arteriotomy closure devices market.

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Who Are the Dominant Companies Influencing Arteriotomy Closure Devices Market Trends?
Major companies operating in the arteriotomy closure devices market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic PLC, Terumo Corporation, Teleflex Incorporated, Cook Medical Incorporated, Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Haemonetics Corporation, Cordis Corporation, Asahi Intecc Co. Ltd., LeMaitre Vascular Inc., Cardiva Medical Inc., AccessClosure Inc., Vasorum Limited, Invamed (Pty) Ltd., Artio Medical Inc., SUTUREGARD Medical Inc., Vivasure Medical

How Is the Arteriotomy Closure Devices Market Evolving?
Leading firms in the arteriotomy closure devices market are focusing on product development to increase procedural efficiency, enhance patient results, and cater to the growing requirement for less invasive vascular access solutions. An arterial closure device designed for medium-bore venous closure is a medical instrument that is instrumental in sealing venous access sites formed by middle-sized sheaths or catheters, thereby facilitating hemostasis and helping in patient recovery post-interventional procedures. For instance, in June 2024, Haemonetics Corp, an American healthcare company, broadened its VASCADE catalogue with the introduction of the VASCADE MVP XL, designed for larger sheaths (10-12F, with a capacity of up to 15F in outer diameter) used in procedures such as cryoablation. The device incorporates a higher level of collagen, about 58% more, and an enlarged collapsible disc to facilitate quick hemostasis. This addition to Haemonetics' pre-existing selection of small and medium bore vascular closure solutions, showcases the company's domination in the arena of advanced closure technologies.

What Are the Different Segmentations in the Arteriotomy Closure Devices Market?
The arteriotomy closure devices market covered in this report is segmented -

1) By Product: Active Closure Devices, Passive Closure Devices
2) By Application: Femoral Arterial Access Procedures, Radial Arterial Access Procedures
3) By End User: Hospitals, Ambulatory Care Centers, Other End Users

Subsegments:
1) By Active Closure Devices: Suture-Based Devices, Staple-Based Devices, Vascular Closure Devices With Collagen Or Hemostatic Agents, Balloon-Based Devices
2) By Passive Closure Devices: Compression Devices, Hemostatic Patches Or Sponges, Vascular Plugs Or Plugs

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Which Region Is at the Forefront of the Arteriotomy Closure Devices Market?
North America was the largest region in the arteriotomy closure devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arteriotomy closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Arteriotomy Closure Devices Global Market Report?

- Market Size Analysis: Analyze the arteriotomy closure devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the arteriotomy closure devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall arteriotomy closure devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the arteriotomy closure devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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