Key Influencer in the Vascular Closure Devices Market 2025: Cardiovascular Disease Prevalence Fuels Growth In Vascular Closure Devices Market Driver

What industry-specific factors are fueling the growth of the vascular closure devices market?
The growth of the vascular closure devices market is likely to be fueled by the rising incidence of cardiovascular diseases. These conditions, referred to as Cardiovascular disease (CVD), affect the heart or blood vessels' structures or function, disrupting blood flow to the heart. Substitutes for conventional mechanical compression, vascular closure devices (VCDs), offer swift sealing at femoral artery access sites. This can result in a faster achievement of hemostasis and a lowered risk of bleeding or haemorrhage post-placement. As an example, the Immigration and Checkpoints Authority, a Singapore-based law enforcement agency, reported in June 2023 that the count of fatalities from heart and hypertensive diseases in Singapore saw an increase from 6,238 in 2021 to 6,884 in 2022. Consequently, the escalating prevalence of cardiovascular diseases is anticipated to boost the vascular closure devices market's growth. In the expansion of the vascular closure devices market, the surging incidence of obesity is expected to be a significant driver. Obesity, a medical condition in which there is an excessive accumulation of body fat harmful to a person's health and that causes an imbalance between a person's caloric intake and output, is referred to as such. To mitigate the risk of bleeding complications and tackle potential complications arising from excessive body adipose tissue related to anatomical factors, vascular closure devices are used for individuals who are overweight or obese. To illustrate, the World Heart Foundation, a Switzerland-based global non-government cardiovascular community, stated in March 2023 that roughly 2.3 billion adults and children worldwide are either overweight or obese. According to current trends, it's projected that by 2025, this figure will have escalated to 2.7 billion. Therefore, the rising prevalence of obesity propels the growth of the vascular closure devices market.

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What Is the projected market size and growth rate for the vascular closure devices market?
The market size for vascular closure devices has seen solid growth in recent years. Forecasted to grow from $1.53 billion in 2024 to $1.63 billion in 2025, it is expected to experience a compound annual growth rate (CAGR) of 6.4%. Factors such as the rise in minimally invasive procedures, an aging demographic, the desire for reduced recovery times amongst patients, increased processes in catheterization labs, and a heightened focus on outpatient care, contributed to the market's growth during the historical period.

The market size for vascular closure devices is predicted to experience robust growth in the coming years, reaching $2.11 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. Various factors contributing to this growth within the forecast period include an increase in ambulatory surgery centers, a shift towards same-day discharge, a focus on patient-centric care, efforts to contain healthcare costs and a rising prevalence of cardiovascular diseases. The forecast period also sees trends such as the embrace of percutaneous coronary intervention, international cooperation in medical research, remote patient monitoring, integration with imaging technologies and technological advancements in device design.

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What new trends are reshaping the vascular closure devices market and its opportunities?
Primarily active corporations within the vascular closure devices industry are making strides toward creating technologies like the novel collapsible disc technology to facilitate better results for patients, streamline recovery periods, and bolster the overall efficiency and simplicity of vascular treatments. The novel collapsible disc technology consists of a structure enabling easy collapsing and extending of a disc for effective storage and transportation. This technology boosts flexibility and practicality in numerous uses, such as sporting equipment, outdoor products, or packaging services. For example, Haemonetics Corporation, a medical technology firm in the US, in June 2024 introduced VASCADE MVP XL, a mid-bore vascular closure gadget. Compared to its previous version, the VASCADE MVP system, the VASCADE MVP XL has a larger disc and includes 58% more collagen. The goal of this design is to provide a more strong closure solution, thereby speeding up recovery and enhancing patient outcomes.

What major market segments define the scope and growth of the vascular closure devices market?
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

Subsegments:
1) By Passive Approximators: Suture-Based Devices, Fibrin Sealants
2) By Active Approximators: Mechanical Devices, Expanding Devices
3) By External Hemostatic Devices: Compression Bandages, Adjustable Hemostatic Devices

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North America was the largest region in the vascular closure devices market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the vascular closure devices industry growth?
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.

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

•Market Size Forecast: Examine the vascular closure devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the vascular closure devices market for a structured understanding.
•Key Players Overview: Analyze major players in the vascular closure devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vascular closure devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the vascular closure devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vascular closure devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the vascular closure devices market.
•Competitive Landscape: Review strategic developments in the vascular closure devices market, including expansions, agreements, and new product launches.

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