Vascular closure devices (VCDs) are medical devices that is used to achieve hemostasis of the small hole in the artery after a cardiovascular procedure of endovascular surgery requiring a catheterization. Cardiovascular procedures require catheterization that include diagnostic procedures that help diagnose diseased blood vessels and interventional procedures such as angioplasty, the placement of a stent and coronary thrombectomy. During such procedures, a small incision is made in the groin area and a hole is created in the femoral artery to gain access to the artery. This hole is referred to as the access site or puncture site.
MARKET DYNAMICS
The vascular closure devices market is driving due to the rising approvals for vascular closure devices, government initiatives, and support, increasing research, and clinical trials for vascular closure devices. Moreover, rising demand for advanced treatment, and growing market players offering newer products is expected to drive the growth of the market.
MARKET SCOPE
The "Vascular Closure Devices Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of vascular closure devices market with detailed market segmentation by of product type, access, procedure application and end user. The vascular closure devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in vascular closure devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The vascular closure devices market is segmented on the basis of product type, access, procedure, application and end user. Based on product type, the market is segmented as passive vascular closure devices, active vascular closure devices, and external hemostatic devices. On the basis of access, the market is categorized as femoral access, and radial access. On the basis of procedure, the market is categorized as interventional cardiology and interventional radiology/vascular surgery. On the basis of application, the market is categorized as diagnostic intervention, and therapeutic intervention. On the basis of end user, the market is categorized as hospitals & clinics, specialty centers, ambulatory surgery centers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the vascular closure devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The vascular closure devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting vascular closure devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the vascular closure devices market in these regions.
MARKET PLAYERS
The report covers key developments in the vascular closure devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from vascular closure devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for vascular closure devices in the global market. Below mentioned is the list of few companies engaged in the vascular closure devices market.
The report also includes the profiles of key players in vascular closure devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott
- BIOTRONIK
- Cardinal Health
- Cardiva Medical, Inc.
- Medtronic plc
- Merit Medical Systems, Inc.
- Teleflex Incorporated
- Terumo Medical Corporation
- Tricol Medical
- Z-Medica, LLC
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