Active Approximators Vascular Closure Device (VCDs) Market would rocket up to USD 1451.27 million by 2029,Business Growth

After an angiography, a collagen or suture piece is utilised as a vascular closure device. Vascular closure devices are useful in angiogram leaves an artery puncture. The punctured arteries are sealed using vascular closure devices. The patients' bodies are not negatively affected by the vascular closure devices.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-active-approximators-vascular-closure-device-vcds-market

According to the WHO data, strokes and heart attacks account for more than four out of every five deaths caused by cardiovascular disorders, and one-third of these deaths are thought to happen before the age of 70. The European Society for Cardiology (ESC) (2021) reports that cardiovascular disease (CVD) kills 3.9 million people annually in Europe and more than 1.8 million people in the European Union. They account for roughly 45% of all deaths in Europe and 37% of deaths within the European Union.

Data Bridge Market Research analyses that the active approximators vascular closure device (VCDs) market which was USD 807.7 million in 2021, would rocket up to USD 1451.27 million by 2029, and is expected to undergo a CAGR of 7.60% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Active Approximators Vascular Closure Device (VCDs) Market Dynamics

Opportunities

Growth in the number of hospitals and surgical centers

The growing patient population is a considerable need for surgical supplies (including medical equipment like vascular closure devices) at these recently opened surgical centres and hospitals. As the primary end users of vascular closure devices, the significant increase in hospitals and surgical facilities is anticipated to drive the growth of the active approximators vascular closure devices market.

Drivers

High prevalence of cardiovascular diseases

In the entire world, cardiovascular diseases (CVDs) rank among the main causes of death. The American Heart Association (AHA) estimates that 18.6 million people died in 2019 as a result of CVDs, with the majority of these deaths occurring in Eastern Europe and Central Asia. According to the AHA's projections, 40.5 percent of the US population will have a CVD by 2030. Thus, the demand for catheterization and interventional treatments for diagnosing and treating CVDs is projected to rise as CVD prevalence rises. In the upcoming years, the market for active approximators vascular closure devices is projected to grow significantly due to the rising popularity of these treatments.

Application

Diagnostic Intervention

Therapeutic Intervention

 End User

Hospitals

Clinics

Specialty Centres

Ambulatory Surgery Centres

Others

Some of the major players operating in the active approximators vascular closure device (VCDs) market are:

Terumo Corporation (Japan)

Abbott (U.S.)

Cardinal Health (U.S.)

Cardiva Medical, Inc. (U.S.)

Medtronic (Ireland)

Morris Innovative (U.S.)

Teleflex Incorporated (U.S.)

Merit Medical Systems (U.S.)

Vasorum Ltd. (Ireland)

TZ Medical, (U.S.)

Vivasure Medical Ltd. (Ireland)

Tricol Biomedical (U.S.)

Scion Biomedical (U.S.)

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