Vascular
Closure Devices Market by Type (Passive Approximators, Active
Approximators, External Hemostatic Devices), Access (Femoral, Radial), Procedure
(Interventional Cardiology, Interventional Radiology/Vascular Surgery) - Global
Forecast to 2026", published by MarketsandMarkets™, the global
Vascular Closure Devices Market is projected to USD 1.3 billion by 2026 from
USD 0.9 billion in 2021, at a CAGR of 7.0% during the forecast period. Large
number of approvals for vascular closure devices, high prevalence of
cardiovascular diseases, increasing prevalence of obesity, increasing focus of
market players on large-bore vascular closure devices, growing geriatric
population, favorable reimbursement scenario for interventional radiology
procedures, and rising focus on effective blood loss management in patients
during surgeries are the major factors driving the growth of the vascular
closure devices market.
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Browse in-depth TOC on "Vascular Closure Devices
Market"
151 – Tables
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Market Segmentation
The passive approximators segment is expected to grow at
the highest CAGR during the forecast period and accounted for the largest share
Based on type, the vascular closure devices market is
segmented into passive approximators, active approximators, and external
hemostatic devices. Passive approximators account for the largest share of the
vascular closure devices market. The large share of this segment can be
attributed to the increasing number of approvals for vascular closure devices
and the wide range of advantages associated with these devices, such as ease of
use and reduced complication rate in patients.
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North America was the largest regional market for the
vascular closure devices market
The vascular closure devices market is segmented into North
America (the US and Canada), Europe (E-3, and the Rest of Europe), Asia
Pacific, and Rest of World. North America dominated the global vascular closure
devices market, followed by Europe. The large share of the North American
market can be attributed to the rising prevalence of cardiovascular diseases, the
growing trend of one-day surgeries for vascular procedures, increasing research
and clinical trials for vascular closure devices in the US, the increasing
number of cardiac arrest cases, and the long waiting periods for cardiac
surgeries (which encourage the adoption of minimally invasive procedures) in
Canada.
Key Market
Players
The global vascular closure devices market is consolidated.
The prominent players operating in this market include Terumo Corporation
(Japan), Abbott (US), Cardinal Health (US), Cardiva Medical, Inc. (US),
Medtronic Plc (Ireland), Morris Innovative, Inc. (US), Teleflex Incorporated
(US), Merit Medical Systems, Inc. (US), Vasorum Ltd. (Ireland), TZ Medical,
Inc. (US), Vivasure Medical Ltd. (Ireland), Tricol Biomedical (US), Scion Biomedical
(US), Advanced Vascular Dynamics (US), Marine Polymer Technologies, Inc. (US),
and Rex Medical (US).
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