Vascular Closure Devices Market Analysis
The vascular closure devices market is predicted to grow at a 6.8% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. A vascular closure device, simply put, is a piece of suture, metallic clip, or collagen that offers instant sealing of small punctures made in the artery post a cardiovascular process of endovascular surgery that needs a catheterization. A cardiovascular process that needs catheterization includes diagnostic procedures which assist in the diagnosis of diseased blood vessels as well as intervention procedures, especially angioplasty. The key goal of this device is in offering rapid hemostasis of arteries and also reduces access site complications. Besides, it also helps in reducing time to hospital discharge and time to ambulation. Above all, it is more comforting for the patient in comparison to manual compression.
Some of the drivers according to the Market Research Future (MRFR) the vascular closure device market report, include rising prevalence of various neurovascular and cardiovascular diseases, growing adoption of minimally invasive techniques, increasing investments by government organizations, and untapped market opportunities especially in emerging countries.
On the flip side, post-operative complications and scarcity of trained medical professionals are factors that are likely to impede the market growth over the forecast period.
Vascular Closure Devices Market Segmentation
The MRFR report provides a complete segmental analysis of the vascular closure devices market on the basis of end user, application, procedures, access, and product type.
Based on product type, the vascular closure devices market is segmented into external hemostatic devices, active vascular closure devices, and passive vascular closure devices. The active vascular closure devices segment is again segmented into gamma-retroviral vectors, suture-based devices, and clip-based devices. The passive vascular closure devices segment is segmented into compression assist devices, sealant/gel-based devices, and plug-based devices.
Based on access, the global vascular closure devices market is segmented into radial access and femoral access.
Based on procedures, the vascular closure devices market is segmented into vascular surgery/interventional radiology and interventional cardiology.
Based on application, the global vascular closure devices market is segmented into therapeutic intervention and diagnostic intervention.
Based on end user, the vascular closure devices market is segmented into ambulatory surgery centers, specialty centers, hospitals and clinics, and others.
Vascular Closure Devices Market Regional Analysis
Based on the region, the global vascular closure devices market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the Americas are touted to remain at the forefront in the market during the forecast period. An increase in research funding and growing awareness among medical professionals about the vascular closure devices are factors driving the market growth in the region.
The vascular closure devices market in Europe is predicted to have the second-largest share in the market over the forecast period. Factors aiding growth in the region include various initiatives undertaken by private and public organizations.
The vascular closure devices market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding growth in the region include advancements in technology, resulting in the availability of affordable vascular closure devices and the high acceptance rate of these devices in this region.
The vascular closure devices market in the Middle East and Africa is predicted to have a slow growth over the forecast period. This is chiefly due to less initiative undertaken by the government and the presence of economically diverse countries.
Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/vascular-closure-devices-market-5704
Vascular Closure Devices Market Key Players
Leading players profiled in the vascular closure devices market report include Vivasure Medical Ltd., Vascular Closure Systems, Inc, Transluminal Technologies LLC, Vasorum Ltd., TZ Medical, Inc., Merit Medical Systems, Inc., Essential Medical, Inc., Medtronic plc, Morris Innovative, Inc., Cardiva Medical Inc., Cardinal Health Inc., Terumo Corporation, and Abbott Laboratories.
June 2019: gel-e announced Breakthrough Status Designation from US FDA for its first-ever internal-use flowable device. These advanced wound treatment and hemostatic products will help to address unmet needs right from the operating room up to the backyard. The injectable hemostat called Life Foam will offer control of bleeding temporarily from non-compressible abdominal wounds which are not amenable to tourniquet application in battlefield conditions and trauma. It has been specially designed for saving lives of traumatic accident victims, terrorist attacks and injured in a battle.
Vascular Closure Devices Market Research Report, by Product Type (Passive Vascular Closure Device, Active Vascular Closure Device, External Hemostatic Device), Access (Femoral, Radial), Procedures (Interventional Cardiology, Interventional Radiology), Application (Diagnostic, Therapeutic), End User (Hospitals & Clinics, ASCs) – Global Forecast Till 2023The report presents a detailed analysis of Vascular Closure Devices Market by providing readers with a comprehensive overview of the market’s historical trajectory.
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The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period.Major Key PlayersTo gain a substantially large competitive advantage, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch.Abbott Laboratories, Terumo Corporation, Cardinal Health Inc., Cardiva Medical Inc., Morris Innovative, Inc., Medtronic plc, Essential Medical, Inc., Merit Medical Systems, Inc., TZ Medical, Inc., Vasorum Ltd., Transluminal Technologies LLC, Vascular Closure Systems, Inc., Vivasure Medical Ltd., among others.Market Segment AnalysisPlug-Based DevicesSealant or Gel-Based DevicesCompression Assist DevicesActive Vascular Closure DevicesClip-Based DevicesSuture-Based DevicesGamma-Retroviral VectorsExternal Hemostatic DevicesGlobal Vascular Closure Devices Market, by AccessFemoral AccessRadial AccessGlobal Vascular Closure Devices Market, by ProceduresInterventional cardiologyInterventional radiology/vascular surgeryGlobal Vascular Closure Devices Market, by ApplicationDiagnostic InterventionTherapeutic InterventionVascular Closure Devices Market report offers insights into the leading market players and presents an assessment of their current market position.
Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M activities, and the latest R initiatives is also available in the reportRegional AnalysisGeographically, the global Vascular Closure Devices Market has been divided by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaBrowse Full Report Page Enabled with complete Table of Content at https://www.marketresearchfuture.com/reports/vascular-closure-devices-market-5704Chapters for This Vascular Closure Devices Market Study: -Chapter 1: to describe Global Vascular Closure Devices Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;Chapter 2: to analyze the top manufacturers of Global Vascular Closure Devices Market, with sales, revenue, and price of Global Vascular Closure Devices Market.Chapter 3: to display the competitive situation among the top manufacturers, with sales, revenue and market share in Forecasted Time.Chapter 4: to show the Global Vascular Closure Devices Market by regions, with sales, revenue and market share of Global Vascular Closure Devices Market, for each region, during the forecast period.Chapter 5, 6, 7, 8 and 9: to analyze the key regions, with sales, revenue and market share by key countries in these regions;Chapter 10: to show the market by type and application, with sales market share and growth rate by type, application, Methodology, Analyst Introduction, Data Source By MRFRAbout Market Research Future: MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.Contact:+1 646 845 9312 | Email: [email protected]
The report "Vascular Closure Device Market by Type (Passive Approximators (Collagen Plugs Sealent/Gel Based), Active Approximators (Clip, Suture Devices)), Access (Femoral,Radial) & Procedure (Interventional Cardiology, Radiology) - Global Forecasts to 2022", report provides a detailed overview of the major drivers, restraints, opportunities, and threats impacting the vascular closure devices market along with the estimates and forecasts of the revenue and market share analysis.Browse 61 market data tables and 30 figures spread through 128 pages and in-depth TOC on "Vascular Closure Device Market by Type (Passive Approximators (Collagen Plugs Sealent/Gel Based), Active Approximators (Clip, Suture Devices)), Access (Femoral,Radial) & Procedure (Interventional Cardiology, Radiology) - Global Forecasts to 2022"Get Free PDF - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=180101468The global vascular closure devices market is expected to reach USD 984.6 Million by 2022 from USD 704.8 Million in 2017, at a CAGR of 6.9%.
Growth in this market can be attributed to factors such as the large number of approvals for vascular closure devices, high prevalence of cardiovascular diseases and obesity, and increasing focus of market players on large-bore vascular closure devices.The market is segmented on the basis of type, access type, procedure type, and regions.
Based on type, the market segment is further categorized into active approximators, passive approximators, and external hemostasis devices.
Passive approximators are expected to account for the largest share of the market in 2017.
Collagen-based passive approximators are widely used owing to the wide range of advantages associated with these devices, including ease of use, short ambulation time for patients, and fewer complications compared to manual compression.The market is segmented into North America, Europe, Asia-Pacific, and RoW (Rest of the World).
Of these, the North American segment is expected to account the largest share of the market in 2017.
Market ScenarioGlobal Vascular Closure Devices Market was valued US$ 705 Mn in 2017 and is expected to reach US$ 1286.5 Mn by 2026, at a CAGR of 7.81 % during a forecast period.The vascular closure devices market is segmented into product, end user, access, hole size, and region.In terms of product, vascular closure devices market is segmented into passive approximators and active approximators.
Based on end user segment, vascular closure devices market is classified into interventional cardiology, interventional radiology & vascular surgery.
Based on regions, the global vascular closure devices market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa.For more info, Get PDF at: https://www.trendsmarketresearch.com/report/sample/11285Global Vascular Closure Devices MarketVascular closure devices are used to achieve hemostasis after a cardiovascular procedure.
In terms of product, Active approximators dominated the VCD industry owing to high-efficiency rate and presence of broad product portfolio in this segment.
Passive approximators are the fastest growing segment as they provide reliable and quick hemostasis of vascular access site.On the basis of the end user, the interventional cardiology segment is expected to dominate the market due to the high prevalence of cardiovascular diseases and the rapidly increasing heavy population.Based on access, the femoral access segment is estimated to account for the largest share of the market owing to an increasing number of cardiologists and physicians opting for femoral access in interventional procedures, the market is expected to witness significant growth during the forecast period.High prevalence of cardiovascular diseases, high incidence of obesity and a rising need for minimally invasive procedures are boosting the global vascular closure devices market growth.
Additionally, increasing healthcare expenditure and demand for new treatment options along with the rise in government support are expected to drive the growth of the market.The increasing interventional procedures using radial access, the high cost of vascular closure devices, and the risks associated with vascular closure devices are the major restraints for the market.You can Buy This Report from Here @ https://www.trendsmarketresearch.com/checkout/11285/SingleNeed for highly skilled professionals is the major challenge for the global vascular closure devices market.
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The report contains 108 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.Get exclusive free pdf sample copy of this report @https://www.upmarketresearch.com/home/requested_sample/6872Vascular Closure Devices industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as swot analysis, bcg matrix, scot analysis, pestle analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Secondary research techniques are implemented for better understanding and clarity for data analysis.The report for Vascular Closure Devices market analysis & forecast 2018-2023 is segmented into product segment, application segment & major players.Region-wise analysis global Vascular Closure Devices market covers: North america Europe China Japan India Southeast asia Other regions (central & south america, middle east & africa)The major players reported in the market include:Abbott LaboratoriesCardinal HealthSt.
