Vascular Closure Device Market – Global Industry Trends and Forecast to 2024

Global Vascular Closure Device market has accounted for USD 895.4 billion in 2016 growing at a CAGR of 7.30% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The major factors driving the growth of this Global Vascular Closure Device market are rising preferences towards non- invasive procedure with new technological development in medical imaging will definitely help in development of this market. These improved devices will help all the healthcare facilities to extend the treatment alternatives for peripheral vascular diseases (PVD). The main aim of a vascular closure device is to make available of rapid hemostasis of the artery as well as reduce complications.

The global vascular closure device market is segmented on the basis of type, procedure, end-user, distribution channel and geography.

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On the basis of types, global vascular closure device market is segmented into passive approximators and active approximators. Passive approximators are further divided into collagen plugs sealent or gel based whereas active approximators are sub segmented into clip and suture devices. In 2015, active approximators held majority of shares whereas in 2017, passive approximators are expected with the highest share in the vascular closure devices market.

On the basis of procedure, global vascular closure device market is segmented into interventional cardiology and radiology. Interventional cardiology is expected to dominate the market in the forecast period 2017- 2024 rise in future and would applied to related diseases such as cardiovascular diseases and obesity.

The market is also segmented on the basis of end users into hospitals, ambulatory, surgical centers, clinics and others.

On the basis of distribution channel, global vascular closure device market is segmented into direct tenders and retail.

Based on geography, the market is segmented into five geographical regions:

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

The geographical regions are further segmented into major countries such as U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil.

The Global Vascular Closure Device Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.

Some of the major players operating in this market are

  • Abbott (U.S.)
  • Transluminal Technologies (U.S.)
  • Cardiva Medical, Inc. (U.S.)
  • TERUMO Corporation (Japan)
  • TZ Medical, Inc (U.S.)
  • Vivasure Medical Ltd. (Ireland)
  • Cardinal Health (U.S.)
  • ENDOCOR GmbH (Germany)
  • Vasorum Ltd. (Ireland)
  • Morris Innovative (U.S.)
  • Medtronic (Ireland)
  • Vascular Closure Systems, Inc. (U.S.)
  • Merit Medical Systems, Inc. (U.S.)
  • Jude Medical, LLC ( USA)

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