Global Vascular Closure Devices Market Size Report 2030 | DelveInsight

DelveInsight's Vascular Closure Devices Market Insights Report 2030 provides the current and forecast market analysis, individual leading companies market shares, challenges, Market Drivers, barriers, trends, and key Vascular Closure Devices Companies in the market.

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Key Takeaways from the Vascular Closure Devices Market Report
• The vascular closure devices market was valued at USD 1.05 billion in 2023, growing at a CAGR of 6.15% during the forecast period from 2024 to 2030 to reach USD 1.49 billion by 2030.
• Among all the regions, North America Vascular Closure Devices market is expected to dominate the vascular closure devices market in the year 2023 and is expected to do the same during the forecast period.
• The leading Vascular Closure Devices Companies such as Abbott, Teleflex Incorporated, Terumo Medical Corporation, Cardinal Health, Cardival Medical, Inc., Merit Medical Systems, Medtronic, Morris Innovative, TZ Medical, Vasorum Ltd, Tricol Biomedical, Vivasure Medical Ltd, Transluminal Technologies, W. L. Gore & Associates, Inc., Meril Life Sciences Pvt. Ltd, Gem srl and others.

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Vascular Closure Devices Market Dynamics
As per recent data provided by the World Heart Report (2023), in 2021 it was stated that more than half a billion people were living with cardiovascular diseases globally. Further, according to recent data provided by the American Heart Association (2023), it is estimated that by 2030 over 12 million people will have atrial fibrillation globally. According to British Heart Foundation, Global Heart & Circulatory Diseases Factsheet (2024), it stated that around 200 million people are living with CAD around the world. Vascular closure are used to effectively seal vascular access sites after diagnostic and therapeutic procedures such as angiography, angioplasty, and stent placements.

Vascular Closure Devices Market Segment Analysis
Vascular Closure Devices Market by Product Type (Active Approximators [Suture-Based, Clip-Based, and Assisted Compression Devices] and Passive Approximators [Sealant-Or-Gel-Based and Bio-absorbable Plugs], and Others), Vascular Closure Devices Market by Access (Femoral and Radial), Vascular Closure Devices Market by End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Vascular Closure Devices Market by Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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Vascular Closure Devices Companies
Abbott, Teleflex Incorporated, Terumo Medical Corporation, Cardinal Health, Cardival Medical, Inc., Merit Medical Systems, Medtronic, Morris Innovative, TZ Medical, Vasorum Ltd, Tricol Biomedical, Vivasure Medical Ltd, Transluminal Technologies, W. L. Gore & Associates, Inc., Meril Life Sciences Pvt. Ltd, Gem srl and others.

Vascular Closure Devices Market Drivers
The vascular closure devices market is growing significantly due to the increasing cases of chronic disorders such as cardiovascular diseases including atrial fibrillation and coronary artery disease (CAD) with the rising shift towards minimally invasive approaches, innovative product developmental activities by leading companies is expected to escalate the demand for vascular closure devices during the forecast period from 2024 to 2030.

Vascular Closure Devices Market Insights
Increased product developmental activities by Vascular Closure Devices companies across the globe is slated to witness Vascular Closure Devices market growth. The complications associated with vascular closure devices and limitations of vascular closure devices in closing large bore punctures, among others may limit their end-user base, thus acting as key constraints limiting the growth of the vascular closure devices market.

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Scope of the Vascular Closure Devices Market Report
• Coverage- Global
• Forecast Period- 2024-2030
• Vascular Closure Devices Companies- Abbott, Teleflex Incorporated, Terumo Medical Corporation, Cardinal Health, Cardival Medical, Inc., Merit Medical Systems, Medtronic, Morris Innovative, TZ Medical, Vasorum Ltd, Tricol Biomedical, Vivasure Medical Ltd, Transluminal Technologies, W. L. Gore & Associates, Inc., Meril Life Sciences Pvt. Ltd, Gem srl and others.

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