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Future Scope of Vascular Closure Devices Market | expected to grow at an approximate CAGR of 6.5% | Top Key Players - Terumo Corporation, Abbott, Cardinal Health Inc., Cardiva Medical Inc., Morris Innovative, Inc., Medtronic plc, Essential Medical, Inc.,

03-22-2018 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Vascular Closure Devices Market

Vascular Closure Devices Market

Market Research Future (MRFR) announces the publication of its research report – Global Vascular Closure Devices market 2017-2023

Vascular closure devices are devices used to achieve hemostasis after a cardiovascular procedure. It is usually collagen, a suture, a clip or an external patch that is meant to seal the small puncture after the angiogram procedure.

Global vascular closure devices market is expected to grow a healthy growth at a CAGR of 6.5% during the forecast period.

Get a sample report at https://www.marketresearchfuture.com/sample_request/5704 .

Regional Analysis

The Americas dominate the global vascular closure devices market owing to the rising aging population, which eventually leads to rising patient population. Additionally, rising obesity rates along with increasing cardiovascular disorder rates are likely to enhance the growth of vascular closure devices in the North American region. According to American Heart Association, 31% of the deaths in the U.S. were due to cardiovascular disorders. Similarly, according to Center For Disease Control and Prevention, in 2015, around USD 3.2 trillion was spent on healthcare expenditure in the U.S.

Europe accounts for the second largest market due to increased cardiovascular disorders, and increasing obesity rates. Additionally, increasing government support and increasing healthcare infrastructure along with rising demand for minimally invasive treatment is driving the growth of vascular closure devices market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe were aged 65 and above. This rising older population is likely to lead to rising patient population. These factors are likely to drive the growth of the vascular closure devices market.

Asia Pacific is the fastest growing market for the vascular closure devices whose growth is attributed to rising population and increasing standard of living. Additionally, increasing healthcare expenditure and demand for new treatment options along with the rise in government support are likely to drive the growth of the market. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for diagnostic services.

On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare and lack of awareness among individuals. In the Middle East, the growth of the market is driven by increasing availability of new and advanced diagnostic and treatment methods for various chronic diseases.

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Key Players

Some of the key players in the vascular closure devices market are Terumo Corporation, Abbott, Cardinal Health Inc., Cardiva Medical Inc., Morris Innovative, Inc., Medtronic plc, Essential Medical, Inc., Merit Medical Systems, Inc., TZ Medical, Inc., and Vasorum Ltd.

Segmentation

The global vascular closure devices market is segmented on the basis of type, access, application and end user.

On the basis of the type, the market is segmented into passive approximators, active approximators, and external hemostatic devices. On the basis of passive approximators, it is further sub-segmented into collagen plug, sealant or gel-based devices and compression assist devices. On the basis of active approximators, it is further sub-segmented into suture-based devices and clip-based devices.

On the basis of access, the market is segmented into femoral access and radial access.

On the basis of application, the market is segmented into diagnostic intervention and therapeutic intervention.

On the basis of the end user, the market is segmented into hospitals & clinics, specialty centers, and ambulatory surgical centers.

About us

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future

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