Vascular Closure Devices Market Trends That Will Shape the Next Decade: Insights from Advancements In Vascular Closure Devices

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How Large Will the Vascular Closure Devices Market Size By 2025?
Over the past few years, the vascular closure devices market has experienced significant growth. The market, valued at $1.53 billion in 2024, is projected to expand to $1.62 billion in 2025, equating to a compound annual growth rate (CAGR) of 5.7%. This surge during the historical era can be linked to the rise in minimally invasive procedures, the aging demographic, patients' inclination towards reduced recovery periods, growing number of catheterization lab procedures, and an emphasis on outpatient care.

How Big Is the Vascular Closure Devices Market Size Expected to Grow by 2029?
Expectations are for the vascular closure devices market to experience substantial growth in the coming years, with an anticipated value of $2.13 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.1%. The escalating growth during the forecast period is in relation to the increase in ambulatory surgery centers, the transition towards same-day discharge, patient-focused protocols, initiatives to contain healthcare costs, and the growing prevalence of cardiovascular diseases. The forecast period will also witness a surge in the adoption of percutaneous coronary intervention, international cooperation in medical research, remote patient monitoring, amalgamation with imaging technologies, and innovative technological advancements in device design.

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Which Key Market Drivers Powering Vascular Closure Devices Market Expansion and Growth?
The rising incidence of cardiovascular illnesses is anticipated to propel the vascular closure devices market's expansion. Cardiovascular disease (CVD) pertains to conditions that compromise heart or blood vessel structures or function, thereby disrupting the blood supply to the heart. Vascular closure devices (VCDs) serve as alternatives to traditional mechanical compression to seal the femoral artery, facilitating a faster femoral artery access site sealing. This could possibly result in an earlier achievement of hemostasis and decreased likelihood of post-placement bleeding or hemorrhage. For instance, the Immigration and Checkpoints Authority, a law enforcement agency based in Singapore, reported that in June 2023, fatalities due to heart and hypertensive diseases rose from 6,238 in 2021 to 6,884 in 2022 in Singapore. Thus, the vascular closure devices market is expected to grow, spurred by the escalating occurrences of cardiovascular diseases.

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What Long-Term Trends Will Define the Future of the Vascular Closure Devices Market?
Key players in the vascular closure devices market are channeling their efforts towards the creation of technologies such as inventive collapsible disc technology. The hope is to enhance patient results, lessen recoupment periods, and boost the overall efficacy and simplicity of vascular procedures. The inventive collapsible disc technology features a design that makes it straightforward for a disc to collapse and expand, improving storage and transportation efficiency. This tech is expected to offer convenience and versatility across different sectors like sports products, outdoor equipment, or packaging solutions. For example, Haemonetics Corporation, a medical technology enterprise based in the USA, rolled out the VASCADE MVP XL in June 2024. This is a mid-bore vascular closure gadget. The VASCADE MVP XL is equipped with 58% additional collagen and a bigger disc compared to its predecessor, the VASCADE MVP system. This novel design is anticipated to deliver a stronger closure solution, promoting faster recuperation and better patient results.

What Are the Emerging 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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Who Are the Global Leaders in the Vascular Closure Devices Market?
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.

Which are the Top Profitable Regional Markets for the Vascular Closure Devices Industry?
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

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