[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Vascular Closure Devices Market Size, Trends, Analysis, and Outlook By Type (Passive Approximators, Active Approximators, External Hemostatic Devices), By Access (Femoral Access, Radial Access), By Procedure (Interventional Cardiology, Interventional Radiology), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: VB136E72646BEN
VPAResearch

US$ 3,980.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global Vascular Closure Devices market size is poised to register 7.1% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Vascular Closure Devices market across By Type (Passive Approximators, Active Approximators, External Hemostatic Devices), By Access (Femoral Access, Radial Access), By Procedure (Interventional Cardiology, Interventional Radiology)

With the increasing demand for minimally invasive vascular procedures and the growing prevalence of cardiovascular diseases, there is a rising adoption of vascular closure devices to achieve hemostasis and reduce procedural complications. Market growth is driven by factors such as technological advancements in closure device designs, the expanding applications of percutaneous interventions, and the rising emphasis on same-day discharge protocols. Additionally, the growing awareness about the benefits of radial access and the development of bioresorbable closure devices contribute to market expansion. Further, the increasing adoption of transcatheter aortic valve replacement and structural heart interventions is expected to further accelerate market growth in the coming years.

Vascular Closure Devices Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Vascular Closure Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Vascular Closure Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Vascular Closure Devices industry.

Key market trends defining the global Vascular Closure Devices demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Vascular Closure Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Vascular Closure Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Vascular Closure Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Vascular Closure Devices industry

Leading Vascular Closure Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Vascular Closure Devices companies.

Vascular Closure Devices Market Study- Strategic Analysis Review

The Vascular Closure Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Vascular Closure Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Vascular Closure Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Vascular Closure Devices Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Vascular Closure Devices Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Vascular Closure Devices market segments. Similarly, Strong market demand is encouraging Canadian Vascular Closure Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Vascular Closure Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Vascular Closure Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Vascular Closure Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Vascular Closure Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Vascular Closure Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Vascular Closure Devices in Asia Pacific. In particular, China, India, and South East Asian Vascular Closure Devices markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Vascular Closure Devices Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Vascular Closure Devices Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Vascular Closure Devices market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Vascular Closure Devices.

Vascular Closure Devices Market Company Profiles

The global Vascular Closure Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, Advanced Vascular Dynamics LLC, Cardinal Health Inc, Cardiva Medical Inc, Marine Polymer Technologies Inc, Medas Inc, Medtronic plc, Meril Life Sciences Pvt. Ltd, Merit Medical Systems Inc, Morris Innovative Inc, Rex Medical, L.P., Scion Biomedical LLC, Teleflex Inc, Terumo Corp, Transluminal Technologies LLC, Tricol Biomedical Inc, TZ Medical Inc, Vasorum Ltd, Vivasure Medical Ltd, Vygon SA.

Recent Vascular Closure Devices Market Developments

The global Vascular Closure Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Vascular Closure Devices Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Passive Approximators

-Collagen Plugs

-Sealant or Gel-based Devices

-Compression Assist Devices

Active Approximators

-Suture-based Devices

-Clip-based Devices

External Hemostatic Devices

By Access

Femoral Access

Radial Access

By Procedure

Interventional Cardiology

Interventional Radiology

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Abbott Laboratories

Advanced Vascular Dynamics LLC

Cardinal Health Inc

Cardiva Medical Inc

Marine Polymer Technologies Inc

Medas Inc

Medtronic plc

Meril Life Sciences Pvt. Ltd

Merit Medical Systems Inc

Morris Innovative Inc

Rex Medical, L.P.

Scion Biomedical LLC

Teleflex Inc

Terumo Corp

Transluminal Technologies LLC

Tricol Biomedical Inc

TZ Medical Inc

Vasorum Ltd

Vivasure Medical Ltd

Vygon SA

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Vascular Closure Devices Market Overview and Key Findings, 2024
1.2 Vascular Closure Devices Market Size and Growth Outlook, 2021- 2030
1.3 Vascular Closure Devices Market Growth Opportunities to 2030
1.4 Key Vascular Closure Devices Market Trends and Challenges
  1.4.1 Vascular Closure Devices Market Drivers and Trends
  1.4.2 Vascular Closure Devices Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Vascular Closure Devices Companies

2. VASCULAR CLOSURE DEVICES MARKET SIZE OUTLOOK TO 2030

2.1 Vascular Closure Devices Market Size Outlook, USD Million, 2021- 2030
2.2 Vascular Closure Devices Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. VASCULAR CLOSURE DEVICES MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. VASCULAR CLOSURE DEVICES MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
Passive Approximators
-Collagen Plugs
-Sealant or Gel-based Devices
-Compression Assist Devices
Active Approximators
-Suture-based Devices
-Clip-based Devices
External Hemostatic Devices
By Access
Femoral Access
Radial Access
By Procedure
Interventional Cardiology
Interventional Radiology
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Vascular Closure Devices Market, 2025
5.2 Asia Pacific Vascular Closure Devices Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Vascular Closure Devices Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Vascular Closure Devices Market, 2025
5.5 Europe Vascular Closure Devices Market Size Outlook by Type, 2021- 2030
5.6 Europe Vascular Closure Devices Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Vascular Closure Devices Market, 2025
5.8 North America Vascular Closure Devices Market Size Outlook by Type, 2021- 2030
5.9 North America Vascular Closure Devices Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Vascular Closure Devices Market, 2025
5.11 South America Pacific Vascular Closure Devices Market Size Outlook by Type, 2021- 2030
5.12 South America Vascular Closure Devices Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Vascular Closure Devices Market, 2025
5.14 Middle East Africa Vascular Closure Devices Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Vascular Closure Devices Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Vascular Closure Devices Market Size Outlook and Revenue Growth Forecasts
6.2 US Vascular Closure Devices Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Vascular Closure Devices Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Vascular Closure Devices Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Vascular Closure Devices Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Vascular Closure Devices Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Vascular Closure Devices Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Vascular Closure Devices Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Vascular Closure Devices Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Vascular Closure Devices Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Vascular Closure Devices Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Vascular Closure Devices Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Vascular Closure Devices Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Vascular Closure Devices Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Vascular Closure Devices Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Vascular Closure Devices Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Vascular Closure Devices Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Vascular Closure Devices Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Vascular Closure Devices Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Vascular Closure Devices Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Vascular Closure Devices Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Vascular Closure Devices Industry Drivers and Opportunities

7. VASCULAR CLOSURE DEVICES MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. VASCULAR CLOSURE DEVICES COMPANY PROFILES

8.1 Profiles of Leading Vascular Closure Devices Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Abbott Laboratories
Advanced Vascular Dynamics LLC
Cardinal Health Inc
Cardiva Medical Inc
Marine Polymer Technologies Inc
Medas Inc
Medtronic plc
Meril Life Sciences Pvt. Ltd
Merit Medical Systems Inc
Morris Innovative Inc
Rex Medical, L.P.
Scion Biomedical LLC
Teleflex Inc
Terumo Corp
Transluminal Technologies LLC
Tricol Biomedical Inc
TZ Medical Inc
Vasorum Ltd
Vivasure Medical Ltd
Vygon SA.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


More Publications