Global Vascular Closure Devices Market to grow at a CAGR of 8.67% during 2016-2020

MarketResearchReports.Biz has announced addition of new report “Global Vascular Closure Devices Market 2016-2020” to its database.

About the Vascular Closure Devices Market

The global vascular closure devices market is likely to grow at a steady pace during the forecast period. This is because many clinical studies regarding vascular closure devices raised concerns about their safety and efficacy profiles. In many clinical cases, manual compressions were used as vascular closure devices that failed to show their efficacy. Vascular closure devices are used for both diagnostic and therapeutic interventions.

Concerns regarding these devices have led vendors to invest extensively in their R&D. These devices help in the diagnosis and treatment of cardiac diseases. A rise in the incidence of these diseases will lead to the demand and sales of vascular closure devices. The sales will further increase with the rapid adoption of minimally invasive equipment for cardiac surgeries. Minimally invasive surgeries such as angiography cause less pain, minimize infections, and help reduce hospital stay.

Technavios analysts forecast the global vascular closure devices market to grow at a CAGR of 8.67% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global vascular closure devices market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of vascular closure devices used for arteriotomy site closure after cardiac catheterization.

The market is divided into the following segments based on geography:




Technavio’s report, Global Vascular Closure Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Abbott Laboratories

Cardinal Health

St. Jude Medical

Vascular Solutions


Other prominent vendors


Beijing Puyishengji Medical Technology


Essential Medical

InSeal Medical

Medeon Biodesign

Morrris Innovative

Transluminal Technologies

Vascular Closure Systems


Vivasure Medical


Market driver

Minimally invasive procedures with improved medical imaging

For a full, detailed list, view our report


Market challenge

Complications of vascular closure devices

For a full, detailed list, view our report


Market trend

Popularity of robot-assisted catheterization for PCI

For a full, detailed list, view our report


Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?


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