#Vascular Closure Devices Market Analysis

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Vascular Closure Devices  Market Market 2022-2028 (Impact of Covid-19) |Merit Medical Systems, Inc.

Vascular Closure Devices Market 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟐 𝐢𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐚 𝐪𝐮𝐚𝐥𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 quantitative 𝐰𝐚𝐲 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 of the Vascular Closure DevicesMarket. In addition to identifying, analyzing, and estimating new trends, this research report also examines key industry drivers, challenges, and opportunities in addition to evaluating competitors, geographical areas, types, and applications. Understanding the competitive landscape is crucial for determining the product improvements that are needed. Industries can securely make decisions about their production and marketing strategy since they can obtain comprehensive insights from a Vascular Closure Devicesreport.

𝐀 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐯𝐢𝐞𝐰𝐞𝐝 𝐛𝐲 𝐯𝐢𝐬𝐢𝐭𝐢𝐧𝐠 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐞𝐌𝐚𝐢𝐥 𝐈𝐃 𝐭𝐨 𝐆𝐞𝐭 𝐇𝐢𝐠𝐡𝐞𝐫 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐲) 𝐚𝐭:

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: Merit Medical Systems, Inc., Abbott Vascular, Biotronik GMBH & CO.KG, COOK Medtronic, Boston Scientific Corporation, C. R. Bard, Inc., ESSENTIAL MEDICAL, Inc., Cardinal Health, W L. Gore & Associates , ST. JUDE MEDICAL, TZ Medical, Inc., Cardival Medical, Inc., Scion BioMedical.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐁𝐲 𝐓𝐲𝐩𝐞

Passive Approximaters

Active Approximaters

External Homeostatic Devices

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Radial

Femoral

By Region

North America, US, Canada, Latin America, Brazil, Mexico, Rest of Latin America, Western Europe, Germany, UK, France, Spain, Italy, Benelux, Nordic, Rest of Western Europe, Eastern Europe, Russia, Poland, Rest of Eastern Europe, Asia Pacific, China, Japan, India, South Korea, Australia, ASEAN (Indonesia, Vietnam, Malaysia, etc.), Rest of Asia Pacific, Middle East & Africa, GCC, South Africa, Turkey and Rest of the Middle East & Africa.

Key Highlights

• The report provides analysis of current global Vascular Closure Devicesmarket landscape.

• The report explores the most likely scenarios of the pandemic that are going to impact the Vascular Closure Devicesindustry in long-term.

• The report does a detailed analysis studying how the global market is changing.

• The report looks at how the global Vascular Closure Devicesmarket is shifting, the target market which have biggest opportunities, and trends on horizon that may impact your business directly or indirectly.

• The report highlights the key challenges, risk that you may face in near term as well as highlights opportunities.

Explore Full Report with Detailed TOC Here:

𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭: 1. Vascular Closure DevicesMarket Introduction 1.1. Definition 1.2. Research Scope 2. Executive Summary 2.1. Key Findings by Major Segments 2.2. Top strategies by Major Players 3. Global Vascular Closure DevicesMarket Overview 3.1. Vascular Closure DevicesMarket Dynamics 3.1.1. Drivers 3.1.2. Opportunities 3.1.3. Restraints 3.1.4. Challenges 3.2. COVID-19 Impact Analysis in Global Vascular Closure DevicesMarket 3.3. PESTLE Analysis 3.4. Opportunity Map Analysis 3.5. PORTER’S Five Forces Analysis 3.6. Market Competition Scenario Analysis 3.7. Product Life Cycle Analysis 3.8. Manufacturer Intensity Map 3.9. Major Companies sales by Value & Volume 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞.

Complete Growth Report Is Available (Including the Full TOC, Tables and Figures, Graphs as Well As Chart):

About Exactitude Consultancy

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. Contact us for your special interest research needs at sales@exactitudeconsultancy.com  and we will get in touch with you within 24hrs and help you find the market research report you need.

Website: https://exactitudeconsultancy.com/

Irfan Tamboli

Contact: +91-7507-07-8687

[rpmarketresearch]

Painless Wound Closure Devices Market Size, growth, trend, opportunity and forecast 2023-2030

Painless Wound Closure Devices Market Scenario and Scope

Painless wound closure devices are innovative medical products designed to close wounds with minimal discomfort to the patient. These devices have gained significant traction due to the growing prevalence of chronic wounds and the rising number of surgical procedures worldwide. The global Painless Wound Closure Devices Market was valued at USD 561.00 million in 2022 and is projected to reach USD 822.56 million by 2030, registering a CAGR of 4.90% during the forecast period. The Asia-Pacific region is expected to witness the highest growth rate, driven by the increasing adoption of these devices in developing countries such as China and India, along with advancements in healthcare infrastructure.

Get a Sample PDF of the Report: https://www.reportprime.com/enquiry/sample-report/9184

Market Trends Influencing the Painless Wound Closure Devices Market

Rising Prevalence of Chronic Wounds: An increase in chronic conditions such as diabetes and vascular diseases is leading to a higher demand for advanced wound care solutions.

Growth in Surgical Procedures: The global rise in surgical interventions is driving the demand for efficient and painless wound closure options.

Technological Advancements: Continuous innovations in wound closure technologies are enhancing patient outcomes and reducing recovery times.

Regional Growth in Asia-Pacific: The rapid adoption of painless wound closure devices in countries like China and India is expected to significantly boost the market growth in this region.

Request a Free Sample PDF Brochure of Painless Wound Closure Devices Market: https://www.reportprime.com/enquiry/sample-report/9184

Painless Wound Closure Devices Segment Analysis

Painless Wound Closure Devices Market, by Type:

Closure Strips

Tissue Adhesive

Sutures

Among the types of painless wound closure devices, tissue adhesives are expected to dominate the market due to their ease of use and effectiveness in minimizing patient discomfort. North America currently holds the largest market share, but the Asia-Pacific region is poised to experience the fastest growth, thanks to increasing healthcare investments and the rising adoption of advanced medical technologies.

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Painless Wound Closure Devices Market, by Application:

Hospitals

Clinics

Ambulatory Surgery Centers

Hospitals represent the largest application segment, as they perform a high volume of surgical procedures requiring advanced wound closure solutions. However, ambulatory surgery centers are expected to grow rapidly, driven by the trend toward outpatient surgeries and the preference for minimally invasive procedures. The use of painless wound closure devices in clinics is also on the rise, particularly in regions with a growing focus on outpatient care.

Painless Wound Closure Devices Competitive Analysis

Medtronic

Medline Industries

Teleflex

BSN medical

Baxter International

Radi Medical Systems

Abbott Vascular

NeatStitch

Derma Sciences

Ethicon (Johnson & Johnson)

The competitive landscape of the Painless Wound Closure Devices market is characterized by intense competition, with major players like Medtronic, Ethicon (Johnson & Johnson), and Teleflex leading the charge through innovation and strategic partnerships. Companies are focusing on expanding their product portfolios and enhancing the functionality of their devices to cater to the growing demand for minimally invasive wound closure solutions. The Asia-Pacific region is emerging as a key growth area, with major players increasingly targeting this region due to its large patient population and rising healthcare expenditures.

Regulatory and legal factors specific to market conditions include stringent guidelines for product approval and market entry, particularly in regions like North America and Europe. The U.S. Food and Drug Administration (FDA) and the European Union's Medical Device Regulation (MDR) impose strict requirements for clinical testing and documentation to ensure the safety and efficacy of painless wound closure devices. These regulations, while ensuring high standards of patient care, also pose challenges for market entry, especially for new and smaller players.Buy this Report: https://www.reportprime.com/checkout?id=9184&price=3590

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Visualizing Growth: The Rising Demand for Angiography Equipment in the Market

Overview and Scope The angiogram equipment examine blood vessels as well as to view a person's internal organs. The process involves injecting a radio-opaque contrast agent into the bloodstream of the patient and creating the image using X-ray-based methods. Sizing and Forecast The angiography equipment market size has grown strongly in recent years. It will grow from $12.47 billion in 2023 to $13.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.  The  growth in the historic period can be attributed to rising cardiovascular diseases, minimally invasive procedures, aging population, healthcare infrastructure development, clinical research and development.. The angiography equipment market size is expected to see strong growth in the next few years. It will grow to $17.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.  The growth in the forecast period can be attributed to integration with hybrid ors, data security and privacy, globalization of healthcare services, patient-centric care, personalized healthcare. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/angiography-equipment-global-market-report Segmentation & Regional Insights The angiography equipment market covered in this report is segmented – 1) By Product: Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories 2) By Technology:  X-Ray Angiography, CT Angiography, MR Angiography, Other Technologies 3) By Procedure: Coronary Angiography, Endovascular Angiography, Onco-Angiography, Neuro-angiography, Other Procedures 4) By End User: Hospitals And Clinics, Diagnostic And Imaging Centers, Research Institutes Europe was the largest region in the angiography equipment market share in 2023. The regions covered in the angiography equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8217&type=smp Major Driver Impacting Market Growth The rising frequency of cardiovascular illnesses is expected to drive the angiography equipment market. Cardiovascular disease (CVD) system uses X-ray pictures to detect cardiac blood arteries that are obstructed or constricted. Key Industry Players Major companies operating in the angiography equipment market report are General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic plc, Angiodynamics, B. Braun Melsungen, Abbott Laboratories, Terumo Corporation The angiography equipment market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis . . . 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

[n-f983]

Mechanical Thrombectomy Devices Market Growth, Analysis Report, 2030

The Insight Partners conducted market research on the "Global Mechanical Thrombectomy Devices Market Share, Size and Trends | 2030" In recent times, there have been waves of change in the Mechanical Thrombectomy Devices market. This research provides accurate estimates based on a thorough examination of several aspects affecting the company. This study presents realistic revenue, market size, and compound annual growth rate (CAGR) estimates for the Mechanical Thrombectomy Devices market based on the current state of the market. The innovative Mechanical Thrombectomy Devices market research, which has a foundation based on reality, is currently on sale. This market study can influence broad decision-making and steer companies on the proper path.

Enterprises operating in a very competitive Mechanical Thrombectomy Devices market may encounter many obstacles. Investing in start-up businesses is no longer only based on gut feeling. Having reliable market research is always advised, regardless of experience level. The next chapters of market research provide you with a thorough review of local, regional, and global circumstances.

Know the Mechanical Thrombectomy Devices Market Inside Out

This chapter covers several variables that affect business. Future expectations for the Mechanical Thrombectomy Devices market are combined with the economies of scale delineated by market size, growth rate, and compound annual growth rate. To examine demand drivers and constraints before other market actors, this chapter is even more crucial. Companies may better manage their goods and place themselves in the market gap by understanding market trends.

Analysis of the business environment based on several models is provided in this section. Businesses must streamline their success and income streams to be competitive in the Mechanical Thrombectomy Devices industry. Businesses may map the economic, environmental, and legal issues and update their unique selling propositions.

Analyzing Business During and After COVID-19

A historic COVID-19 pandemic was followed by the brief closure of companies. Mechanical Thrombectomy Devices Market participants had to contend with poor marketing performance, lower revenues, and difficulties surviving their manufacturing lifecycles. Maintaining supply-demand balance and controlling expectations proved to be difficult for small and medium-sized businesses. This section discusses the examination of COVID-19's effects on companies and the alternate strategies they have employed to deal with the interruptions caused by the epidemic. This chapter also discusses the potential for recovery following COVID-19.

Market Segmentation

Mechanical Thrombectomy Devices market research report is segmented as follows.

Based on Type this market is categorized further into-

Aspiration Catheters

Stent retrievers

Others

Based on Application this market is categorized further into-

Cardiovascular

Peripheral Vascular

Neurovascular

Based on End User this market is categorized further into-

Academic & Research Institutes

Hospitals & Clinics

Ambulatory Surgical Centers

Based on Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World…

Competitive Business Matrix

The competitor's analysis offered in this report emphasizes covering key companies in the Mechanical Thrombectomy Devices market. A brief discussion of leading market players and their business strategies intends to offer essential details needed for a competitive edge.

Strategic Outlook and TIP Recommendations

Strategic planning is essential to the success of any firm. The strategic advice in this area is essential for investors and enterprises. A company that has a forward-thinking, forward-focused vision endures through good times and bad. Understanding the components of the business environment enables organizations to take strategic actions when and where they are needed. Summary:

Market Size & Forecast by Revenue | 2030

Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography

Competitive Landscape – Top key vendors and other prominent vendors

Published By:

Nick Fury:

Senior Market Research Expert at The Insight Partners.

[neha24blog]

Vascular Closure Device Market Outlook On The Basis Of Product, End Use, Region And Forecast to 2024: Grand View Research Inc.

San Francisco, 9 Nov 2023: The Report Vascular Closure Device Market Size, Share & Trends Analysis Report By Product (Active Approximators, Suture-Based Devices, Clip-Based Devices, Passive Approximators, Collagen Plugs, Gel-Based Devices), By End-Use, And Segment Forecasts, 2018 – 2024 Global vascular closure devices market size is anticipated to reach USD 1.3 billion by 2024, according to a…

[ankit2396]

Advanced Baby Monitor Market Size [2023],Global Growth, Recent Scope, Sales & Revenue till 2029 Segmentation, Research Methodology And Revenue Growth Forecast Till 2030

Global “Advanced Baby Monitor Market” research report is a comprehensive analysis of the current status of the Advanced Baby Monitor industry worldwide. The report categorizes the global Advanced Baby Monitor market by top players/brands, region, type, and end-user. It also examines the competition landscape, market share, growth rate, future trends, market drivers, opportunities, and challenges in the global Advanced Baby Monitor market. The report provides a professional and in-depth study of the industry to help understand its current state and future prospects.

Browse More Details On This Report at - https://www.businessresearchinsights.com/market-reports/advanced-baby-monitor-market-104836

 What Are The Prominent Key Player Of the Advanced Baby Monitor Market?

Angelcare

Hisense

Mayborn Group

Snuza International

iBabyGuard International

Jablotron

Mattel

MonDevices

Owlet Baby Care

Respisense

Rest Devices

Safetosleep

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Advanced Baby Monitor

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Regional Segment of Advanced Baby Monitor Market:

Geographically, the report includes research on production, consumption, revenue, market share, and growth rate of the following regions:

United States

Europe (Germany, UK, France, Italy, Spain, Russia, Poland)

China

Japan

India

Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)

Latin America (Brazil, Mexico, Colombia)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

The global Advanced Baby Monitor Market report answers the following questions:

What are the main drivers of the global Advanced Baby Monitor market? How big will the Advanced Baby Monitor market and growth rate in upcoming years?

What are the major market trends that affecting the growth of the global Advanced Baby Monitor market?

Key trend factors affect market share in the world's top regions?

Who are the most important market participants and what strategies being they pursuing in the global Advanced Baby Monitor market?

What are the market opportunities and threats to which players are exposed in the global Advanced Baby Monitor market?

Which industry trends, drivers and challenges are driving that growth?

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[delvenservices]

Vascular Closure Devices Market Research Analysis & Forecast: 2028

Vascular Closure Devices Market by Type (Passive Approximators, Active Approximators, External Hemostatic Devices), Access (Femoral, Radial), Procedure (Interventional Cardiology, Interventional Radiology/Vascular Surgery), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The Vascular Closure Devices market size is projected to reach a CAGR of 7.2% from 2021 to 2028.

After the angioplasty the puncher so caused in the artery is sealed by using a piece of either collagen, metal strip or a suture. It is a mechanical stitch which gets dissolve in about 60-90 days. The collagen used is made up of sponge.

Higher incidence of cardio vascular disease along with the surge in obese population are some of the factors that have supported long-term expansion for Vascular Closure Devices Market.

COVID-19 had a negative effect on the market, due to the lockdown conditions all across the globe the patients were not able to visit the hospitals and thus the market was negatively affected.

Get the Free Sample Copy of the Research Report: https://www.delvens.com/get-free-sample/vascular-closure-devices-market-trends-forecast-till-2028

Regional Analysis

North America is the most rapidly growing market and offers a huge opportunity as because the prevalence of cardiovascular disease in people is on a rise

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Key Players

Terumo Corporation

Abbott

Cardinal Health

Cardiva Medical, Inc.

Medtronic Plc.

Morris Innovative, Inc.

Teleflex Incorporated

Merit Medical Systems, Inc.

Vasorum Ltd.

TZ Medical, Inc.

Vivasure Medical Ltd.

Tricol Biomedical

Scion Biomedical

Advanced Vascular Dynamics

Recent Developments

In 2021, PerQseal Blue a product of Vivasure Medical Ltd is under development by the company.

In June 2021, In 2021, Abbott took over Walk Vascular, LLC in order to expand its portfolio of peripheral vascular devices.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Vascular Closure Devices s Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Direct Order of the Report: https://www.delvens.com/checkout/vascular-closure-devices-market-trends-forecast-till-2028

Report Scope

Vascular Closure Devices Market is segmented into Type, Access, Procedure and region.

On the basis of Type

Passive Approximators

Collagen Plugs

Sealant or Gel-based Devices

Compression Assist Devices

Active Approximators

Suture-based Devices

Clip-based Devices

External Hemostatic Devices                                                

On the basis of Access

Femoral Access

Radial Access

On the basis of Procedure

Interventional Cardiology

Interventional Radiology/Vascular Surgery

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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#medicaldevices #healthcare #medicalequipment #medical #medicaldevice #medicalsupplies #covid #technology #health #medicine #hospital #manufacturing #wheelchair #engineering #kneebrace #hospitals #doctor #production #digitalhealth #medtech #healthtech #robotics #surgery #manufacturers #iot #electricalengineering #diabetes #doctors #electronics #supplier

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https://community.wongcw.com/blogs/305906/Vascular-Closure-Devices-Market-Qualitative-Research-Analysis-and-Forecasts-Till

Vascular Closure Devices Market Advanced Technologies, Industry Size, Iconic Revenue, Shares, Trends and Demand by 2030

[wiseguy1122]

9th Nov 2022 Vascular Closure Devices Market SWOT Analysis, Future Growth, Major Key Players, Opportunity and Forecast 2030

Vascular Closure Devices market is experiencing a surge in sales across the globe, and it has been considerably boosted by technological advancement.

[marketinsightshare]

Vascular Closure Devices Market - Forecast(2022 - 2027)

Vascular Closure Devices Market size is estimated to reach $1.4 billion by 2027, growing at a CAGR of 6.9% during the forecast period 2022-2027. Vascular closure devices are medical devices utilized to accomplish hemostasis of the tiny hole in the artery subsequent to a cardiovascular procedure of endovascular surgery needing a catheterization. Angio-Seal is a medical device designated for application in closing and minimizing time to hemostasis at the femoral arterial puncture site in patients who have endured diagnostic angiography procedures or interventional procedures (minimal artery diameter of 4mm). The VasoSeal hemostatic devices (VasoSeal Elite and VasoSeal ES; Datascope, Montvale, NJ) are collagen-based vascular closure devices that use a purified collagen plug to emphasize hemostasis. To redistribute these devices, a dilator and a sheath are collectively progressed over a guidewire to the surface of the femoral artery. Vascular surgical techniques involve a count of complicated and controversial operations carried out by the most distinguished vascular surgeons from across the globe. The surging acceptance of Vascular Closure Devices including hemostatic devices for diagnostic and therapeutic interferences that assist the progress of endovascular image-guided interferences to discover coronary heart disease is set to drive the Vascular Closure Devices Market. The capability of vascular closure devices to overpower complexities like extended bed rest and patient discomfort brought about by manual compression is set to propel the growth of the Vascular Closure Devices Market during the forecast period 2022-2027. This represents the Vascular Closure Devices Industry Outlook.

Report Coverage

The report: “Vascular Closure Devices Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vascular Closure Devices Market.

By Product Type: Active Approximators (Clip-Based Devices, Suture-Based Devices, Plug-Based Devices), Passive Approximators (Hemostatic Pads & Patches, Compression Devices). By Mode Of Access: Femoral Access, Redial Access. By End User: Hospitals, Ambulatory Surgical Centers, Others. By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

Geographically, North America Vascular Closure Devices Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the increasing predominance of cardiovascular diseases involving the application of hemostatic devices in cardiovascular devices in the North American region.

Vascular Closure Devices Market growth is being driven by the surging recognition of femoral artery cardiac catheterization and the soaring success rate of vascular closure devices for enhanced patient comfort and decreasing hemostasis time. However, in the developing regions of South America and Asia-Pacific, determinants like the soaring price of products, complexities linked with vascular closure devices,s and lesser acceptance rates of new technologies are some of the major factors hampering the growth of the Vascular Closure Devices Market. 

Vascular Closure Devices Market Detailed Analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Vascular Closure Devices Market report. 

Vascular Closure Devices Market: Market Share (%) by Region, 2021

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Vascular Closure Devices Market Segment Analysis – By Product Type:

The Vascular Closure Devices Market based on product type can be further segmented into Active Approximators and Passive Approximators. The Active Approximators Segment held the largest market share in 2021. This growth is owing to the surging application of active approximators attributed to the diminished time to ambulation. Clip-Based Devices, Suture-Based Devices, and Plug-Based Devices are categories under Active Approximators and Angio-Seal includes two hemostatic techniques namely, active approximation and thrombosis. The soaring efficiency rate in comparison with manual compression is further propelling the growth of the Active Approximators segment.

Furthermore, the Passive Approximators segment is estimated to grow with the fastest CAGR of 7.5% during the forecast period 2022-2027 owing to the surging application of compression assisted devices, which accomplish hemostasis without inserting a retained suture, clip, or plug, and passive approximators like Angio-Seal.

Vascular Closure Devices Market Segment Analysis – By End User:

The Vascular Closure Devices Market based on end-user can be further segmented into Hospitals, Ambulatory Surgical Centers, and Others. The Hospitals segment held the largest market share in 2021. This growth is owing to the surging application of Vascular Closure Devices as a secure and cost-effective technique to accomplish accelerated hemostasis and early ambulation subsequent to angiographic techniques. Angio-Seal® vascular closure device-induced acute arterial closure has been successfully treated percutaneously with the SilverHawk® plaque excision system. The effortless accessibility of well-established infrastructure and availability of skilled physicians in hospitals are further propelling the growth of this segment.

Furthermore, the Ambulatory Surgical Centers segment is estimated to grow with the fastest CAGR of 7.8% during the forecast period 2022-2027 owing to the extensive application of Vascular Closure Devices like Angio-Seal in ambulatory care.

Vascular Closure Devices Market Segment Analysis – By Geography:

The Vascular Closure Devices Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Vascular Closure Devices Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the surging assortment of opportunities drawing novel investors in the North American region. Angio-Seal is a closure device utilized for halting the bleeding subsequent to angiography techniques like cardiac catheterization. The proliferating demand for sophisticated medical devices is further propelling the growth of the Vascular Closure Devices Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like surging development in developing economies like India and China in the Asia-Pacific region. The existence of unfamiliar areas and unfulfilled patient requirements drawing the attention of key players and the surging application of closure devices like Angio-Seal is further fueling the progress of the Vascular Closure Devices Market in the Asia-Pacific region.

Vascular Closure Devices Market - Drivers

Surging Investigations Involving Vascular Closure Devices Are Projected To Drive The Growth Of the Vascular Closure Devices Market:

Vascular closure devices (VCDs) are planned to accomplish accelerated hemostasis at the time of percutaneous coronary and peripheral vascular techniques. Investigations show that VCDs enhance time to hemostasis (TTH) and time to ambulation (TTA) when compared to standard manual compression. The investigation assessed AbsorbaSeal™ (CyndRx, LLC, Brentwood, Tennessee), a clear, three-step, VCD with bio-absorbable constituents. The investigation concluded that the AbsorbaSeal™ is secure and simple to utilize for vascular closure subsequent to interventional vascular techniques with favorable results inclusive of a short TTH, minimum procedural blood loss, low postoperative pain scores, and no perioperative complexities or adverse impacts. Histologic assessment discloses accelerated device absorption and little scar formation both short- and long-term. A direct investigation of complement activation backs that AbsorbaSeal™ induces a minimal inflammatory response that is considerably less than Angio-Seal. Application of AbsorbaSeal™ 5.6.7F vascular closure device in a good laboratory practice chronic investigation assessing safety and efficiency in a healthy porcine model have demonstrated the following results. In the deployment of 24 AbsorbaSeal™ 5.6.7F VCDs, there were nil device-associated complexities or mortalities. All deployments led to accelerated arteriotomy seal (100% deployment success), with a mean time to hemostasis (cessation of arterial flow) of 21.5 s (median: 6.5 s) across a mean activated clotting time (ACT) of 356 s. Twenty of the 24 implant sites (83%) accomplished complete hemostasis within 20 s. These kinds of surging investigations involving Vascular Closure Devices are therefore fuelling the growth of the Vascular Closure Devices Market during the forecast period 2022-2027.

Novel Product Launches Involving Vascular Closure Devices Are Expected To Boost The Demand For Vascular Closure Devices:

Devices like Angio-Seal are currently in application. Angio-Seal is on the market for >20 years, with approved favorable device deployment and efficiency in plentiful clinical randomized trials:

99.7% deployment success

97.8% hemostasis by device

In November 2018, Cordis, a Cardinal Health firm, introduced its Mynx Control vascular closure device onto the U.S. market. A press release reported that the Mynx Control vascular control device combines active extravascular sealing and resorbability characteristics with a next-generation delivery system to augment predictability, security, and ease of application in sealing 5–7Fr femoral arterial access sites. The press release further indicates that the vascular closure device characterizes a next-generation deployment system that is planned for predictable deployment and ease of application. It will be accessible in 5Fr and 6/7Fr sizes. The novel product launches involving Vascular Closure Devices are therefore driving the growth of the Vascular Closure Devices Market during the forecast period 2022-2027.

Vascular Closure Devices Market – Challenges

Soaring Cost Of Vascular Closure Devices Are Hampering The Market Growth:

Presently, it is supposed that only 20-25% of all catheter-based procedures carried out globally use a vascular closure device (VCD) for access site hemostasis. The boost in interventional techniques utilizing radial access, the soaring cost of vascular closure devices, and the hazards related to vascular closure devices are the principal limitations to the growth of the market. The requirement for greatly skilled professionals is challenging the growth of the market. A massive count of catheter-based techniques is carried out without vascular closure devices owing to a dearth of operator knowledgeableness, the hazard of complexities, and cost. Most vascular closure devices are authorized for arteriotomies between 5 and 8F, with 1 device authorized for up to 21F. Principal complexities are inclusive infection and limb ischemia. These issues are thus hampering the growth of the Vascular Closure Devices Market.

Vascular Closure Devices Industry Outlook:

Product launches, mergers and acquisitions, financing in R&D, and novel market initiatives are key strategies adopted by players in the Vascular Closure Devices Market. Key companies in this market are:

Abbott

Terumo Corporation

Cardinal Health Inc.,

Teleflex

Merit Medical System

Cardiva Medical, Inc.

Biotronik GMBH & CO.KG

Scion BioMedical

Medtronic

Cook Medical

Recent Developments

In July 2021, Terumo Corporation declared the introduction of the Dexcom G6 continuous glucose monitoring (CGM) system in Japan. U.S.-based Dexcom, Inc., makes the product, and Terumo holds the exclusive distribution agreement in Japan since their partnership in 2018. A CGM system is a medical device that backs diabetes regulation.

In December 2020, Cook Medical declared the introduction of a novel Customer Portal to offer an improved digital and self-serve customer experience. This user-friendly Customer Portal provides numerous characteristics, certain vary relying on region, which provide customers information and interactive operations. The Customer Portal has been introduced in the U.S. and EMEA regions earlier this year and is presently being launched to their clients in the Asia-Pacific region.

In April 2020, Abbott has introduced its third test for coronavirus (COVID-19) and is transporting tests to hospitals across the U.S. The test is a serology test – also termed an antibody test – which could be a crucial next step in combating this virus. Abbott's test assists to discover the IgG antibody to SARS-CoV-2.

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Vascular Closure Devices Market Size, Global Trends And Forecast By Regions, Segmentation, Applications, Dynamics, Development Status And Outlook

Vascular Closure Devices Market Overview

Vascular closure devices are intended to prevent arterial blood loss or bleeding after an endovascular surgery needing catheterization such as angioplasty, stent and heart thrombectomy.

The global vascular closure devices market size is experiencing a rapid growth surge owing to the continually expanding number of cardiac procedures resulting from a combination of the growing prevalence of cardiopathies and exposure to risk factors. As the American Heart Association opined in their report, cardiovascular disease accounted for 836,546 deaths in the U.S. in 2018 and almost 2,300 U.S. citizens die of cardiovascular disease per day. According to data estimates, almost 92.1 million Americans suffer from cardiovascular disease in 2018. Thus, a large market is easily comprehendible.

The growing exposure to risk factors, such as substance abuse, sedentary living, the growing number of obese people and consumption of fatty foods is another cause behind the drivers of the vascular closure devices market.

Market Research Future (MRFR) discusses in the report about the growth of the global vascular closure devices market, which according to them is expected to register a strong CAGR of over 6.8% over the assessment period of 2016 to 2023.

New product development is the key to dominate the vascular closure devices market. The emergence of bioabsorbable novel materials such as polyethylene glycol is driving a faster adoption owing to greater patient comfort and gentle deployment of the closing plug and lack of intravascular components.

Additional factors that are substantiating the market growth include growing per capita income, health insurance and growing reimbursement towards heart diseases. The dramatically growing expanse and reach of hospitals are further expected to drive substantial market growth.

Global Vascular Closure Devices Market – Segments

The report has three segments to widen the scope of understanding,

By Product Type               : Passive Vascular Closure Devices (Plug-Based Devices, Sealant or Gel-Based Devices, Compression Assist Devices), Active Vascular Closure Devices (Clip-Based Devices, Suture-Based Devices, And Gamma-Retroviral Vectors), and External Haemostatic Devices, among others.

By Access            : Femoral Access, and Radial Access, among others.

By Procedures   : Interventional Cardiology and Interventional Radiology/Vascular Surgery, among others.

By Applications : Diagnostic Intervention, And Therapeutic Intervention, among others.

By End-Use         : Hospitals & Clinics, Specialty Centres, Ambulatory Surgery Centres, among others.

By Regions: Americas, Europe, Asia-Pacific, and the Middle East and Africa.

Vascular Closure Devices Market Regional Analysis

North America dominates the global vascular closure devices market with a large patient pool and greater healthcare expenditure. The excellent reimbursement on healthcare coupled with the high preference healthcare coding for heart ailments is another driver of the vascular closure devices market.

The vascular closure devices market in Europe is expected to grow at a healthy rate owing to greater rates of hospitalization in Europe. The proliferating medical devices and pharmaceutical industry in the region are expected to drive a large export market especially to the Middle East and Latin America. Additionally, factors such as the developments in the healthcare sector are expected to drive the Europe vascular closure devices market.

The market for the Asia Pacific vascular closure devices is anticipated to emerge as the largest market globally. The development of the large pharmaceutical and medical devices industry coupled with the growth of the regional economy is a big stimulus to the market.

Global Vascular Closure Devices Market – Competitive Landscape

The vascular closure devices market is a consolidated market and favors high tech and advanced devices. Manufacturers rely on collaboration and partnerships with large healthcare payers and hospitals so as to develop a large client base and to avoid competition from low-cost players. Thus, the criticality of the product in the cardiac surgery provides high tech players an edge over their smaller competitors.

Companies are developing new manufacturing techniques and materials owing to increasing investment in R&D activities. The industry is witnessing co-development agreements to reduce development costs and commercialization time.

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Vascular Closure Devices Market Major Players:

Players leading the global vascular closure devices market include Cardiva Medical Inc., Abbott Laboratories, Morris Innovative, Inc., Terumo Corporation, Cardinal Health Inc., Medtronic plc, Vivasure Medical Ltd. Merit Medical Systems, Inc., Transluminal Technologies LLC, TZ Medical, Inc., Vasorum Ltd., Essential Medical, Inc., Vascular Closure Systems, Inc., among others.

Industry/ Innovation/ Related News:

May 15, 2019 ---- — Cordis, owned by Cardinal Health company, launched its Radial 360 portfolio of vascular closure products, which use the trans-radial approach (TRA). Along with this launch, the company is expected to develop the global market. The TRA approach reduces bleeding complications, is faster, lower in-hospital costs and greater patient comfort and patient discharge. TRA is expected to surge and accounts for approximately 30 percent of percutaneous coronary interventions in the U.S. the company attained the CE Mark in 2017 and the Food and Drug Administration (FDA) clearance in 2018.