Vascular Closure Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Dec-23 Delivery Time ⇒ 5-7 Business Days   Report Code ⇒PBCHC393-10M-OT

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Vascular Closure Devices Market – Report Overview

Pacific Business Consulting’s “Vascular Closure Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Vascular Closure Devices market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Vascular Closure Devices market exceeded a valuation of over US$ 1,100.0 million, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 6% from 2023 to 2030. The market is expected to potentially surpass US$ 1,400.0 million by 2030.

Vascular closure devices (VCDs) play a crucial role in achieving hemostasis after catheterization procedures, and they are broadly categorized into passive and active types. Passive devices rely on the body’s natural clotting response, while active devices provide mechanical or procedural means to seal the puncture site. The choice between them depends on factors such as patient risk, arteriotomy size, and physician preference.

The global vascular closure devices market is witnessing significant growth, driven by various factors. One key driver is the rising global geriatric population, which is more susceptible to cardiovascular diseases requiring diagnostic and therapeutic interventions. VCDs are essential for post-procedure care in this demographic, minimizing complications related to bleeding and reducing hospital stays.

The proliferation of angioplasty procedures, a common treatment for ischemic heart disease, is another major driver. VCDs are crucial in these procedures, offering fast and secure closure of arterial puncture sites. This reduces the time required for hemostasis, shortens hospital stays, and improves patient outcomes, aligning with the push for patient-centered care.

Additionally, factors such as an increase in catheterization-related procedures, growing demand for minimally invasive solutions, ease of usage of VCDs, and the burden of cardiovascular diseases contribute to market growth. The advantages of minimally invasive surgeries, including reduced pain, scarring, and hospital stay, are encouraging more patients to opt for these procedures, driving the demand for VCDs.

The market’s growth is further propelled by the launch of new products, with regulatory approvals enhancing the market landscape. However, challenges such as the high cost of products and complications associated with VCDs may hinder market growth.

The increasing demand for minimally invasive surgeries is a key factor driving the global vascular closure device market. As healthcare emphasizes patient comfort and faster recovery, minimally invasive procedures have become more popular. VCDs play a crucial role in many minimally invasive cardiovascular procedures, closing small puncture sites made during catheterization. They offer a safer and more comfortable alternative to traditional methods, promoting faster hemostasis and reducing the risk of complications.

The convergence of the minimally invasive surgery trend with the growth in cardiovascular conditions presents a robust opportunity for the expansion of the VCD market. Continuous innovation and awareness of reimbursement landscapes are essential for maximizing this potential. Manufacturers are developing a wider range of VCDs to cater to various patient anatomies and procedural requirements.

In conclusion, the vascular closure devices market is driven by factors such as the global aging population, the rise in angioplasty procedures, the demand for minimally invasive solutions, and the launch of new products. While challenges exist, the overall outlook for the market remains positive, with continuous innovation and adaptation to evolving healthcare needs playing a crucial role in sustained growth.

Leading players in the Vascular Closure Devices segment, including Medtronic, Transluminal Technologies LLC, Cardinal Health, Teleflex Incorporated, Vasorum Ltd., Tricol Biomedical, Merit Medical Systems, Inc., Stryker, Abbott, Cardiva Medical Inc., Terumo Corporation, Johnson & Johnson Services Inc., B. Braun SE, Biotronik SE & Co. KG, MicroPort Scientific Corporation, and ConforMIS, Inc., are expected to play a crucial role in shaping the future landscape of Vascular Closure Devices technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Vascular Closure Devices market. It also delves into the analysis of present and prospective market competition within the global Vascular Closure Devices market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Vascular Closure Devices market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Vascular Closure Devices market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Vascular Closure Devices
    • Global Market Outlook: Vascular Closure Devices
  2. Competitive Intelligence Analysis: Vascular Closure Devices
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Vascular Closure Devices
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Vascular Closure Devices
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Vascular Closure Devices: Ten Major Market (10MM) – Market Analysis, By Product
    • Passive Approximators
      • Collagen Plugs
      • Sealant or Gel-based Devices
      • Compression-assist Devices
    • Active Approximators
      • Suture-based Devices
      • Clip-based Devices
      • External Haemostatic Devices
  1. Vascular Closure Devices: Ten Major Market (10MM) – Market Analysis, By Mode of Access
    • Femoral Access
    • Radial Access
  2. Vascular Closure Devices: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Cardiac Catheterization Laboratories
    • Ambulatory Surgical Centers
  3. Vascular Closure Devices: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. S. Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. K. Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Germany Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. France Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Italy Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Spain Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Japan Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. China Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Australia Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. India Vascular Closure Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Mode of Access
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Mode of Access
      • By End User
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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