Global Vascular Closure Devices Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Vascular Closure Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Vascular Closure Devices Market Size and Projected Growth Rate?
The market size for vascular closure devices has experienced notable growth in the past few years. It is projected to expand from $1.53 billion in 2024 to an estimated $1.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. This past trajectory of growth can be associated with the rise in minimally invasive procedures, the aging demographic of the population, the patient's inclination towards a faster recovery, a surge in catheterization lab procedures, and an emphasis on outpatient care.

The market size for vascular closure devices is projected to experience significant growth in the upcoming years, escalating to $2.11 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. The predicted growth during this forecast period is due to an increase in ambulatory surgery centers, the transition towards discharge on the same day, patient-centered approaches, initiatives to contain healthcare costs, and a rise in cardiovascular disease incidents. Key trends anticipated during the forecast period are the adoption of percutaneous coronary intervention, international cooperation in medical research, remote patient surveillance, integration of imaging technologies, and advances in device design technology.

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What Are the Major Segments in 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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What Are The Driving Vascular Closure Devices Market Evolution?
The anticipated surge in cardiovascular diseases is predicted to fuel the vascular closure devices market expansion. Cardiovascular disease (CVD) encompasses conditions affecting the heart or blood vessels, impeding the heart's blood flow. Vascular closure devices (VCDs) serve as an alternative to traditional mechanical compression for sealing the femoral artery access site, potentially facilitating faster hemostasis attainment and lessening the bleeding or hemorrhage risk after placement. As the Immigration and Checkpoints Authority mentioned in June 2023, Singapore's heart and hypertensive disease deaths rose from 6,238 in 2021 to 6,884 in 2022, boosting the vascular closure devices market. The escalating prevalence of obesity foresees an expansion in the vascular closure devices market. This medical condition, characterised by excessive body fat accumulation, adversely affects a person's health and causes a caloric intake and expenditure imbalance. Vascular closure devices are vital for overweight and obese patients to minimise bleeding complications and tackle medical procedure challenges related to anatomical factors and potential complications caused by excess adipose tissue. According to the World Heart Foundation in March 2023, around 2.3 billion adults and kids worldwide are overweight or obese, and given the current trend, this number is anticipated to rise to 2.7 billion by 2025. Thus, obesity's growing prevalence is propelling the vascular closure devices market.

Which Firms Dominate The Vascular Closure Devices Market Segments?
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.

What Trends Are Expected to Dominate the Vascular Closure Devices Market in the Next 5 Years?
Prominent businesses in the vascular closure devices market are making strides in creating technologies such as innovative collapsible disc technology. This is aimed at improving patient results, minimizing recovery times, and bettering the efficiency and simplicity of vascular procedures. The innovative collapsible disc technology features a design that enables a disc to be easily collapsed and expanded, making it highly efficient for storage and transport. The technology adds convenience and versatility across various applications like sporting goods, outdoor equipment, or packaging solutions. For instance, in June 2024, Haemonetics Corporation, a medical technology company from the United States, introduced VASCADE MVP XL. This device is a mid-bore vascular closure device, and it includes 58% more collagen and a larger disc than its previous version, the VASCADE MVP system. The design is targeted to offer a stronger closure solution, promoting faster recovery and enhanced patient results.

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Which Is The Largest Region In The Vascular Closure Devices Market?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vascular Closure Devices Market?
2. What is the CAGR expected in the Vascular Closure Devices Market?
3. What Are the Key Innovations Transforming the Vascular Closure Devices Industry?
4. Which Region Is Leading the Vascular Closure Devices Market?

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