Vascular closure devices are medical devices used to attain haemostasis of the small hole in the artery after a cardiovascular process of endovascular surgery requiring a catheterization. The global vascular closure devices market will be growing at a CAGR of 6.9% to reach $1.2 Billion by 2025 from $0.82 Billion in 2017 during 2019-2025. The prominent factors driving the market growth are a high prevalence of cardiovascular diseases & obesity, a huge number of approvals for vascular closure devices, and shifting the focus of market players on large-bore vascular closure devices. High cost & risks associated with vascular closure devices, product recalls, and failures are major restraints impeding the growth of the market. Increasing research and clinical trials for vascular closure devices and technological advancements in devices are offering significant opportunities to the vascular closure devices market during the forecast period 2019-2025.
Research Study Objectives:
- Define, estimate, and forecast the Vascular Closure Devices market statistics by type, access, procedure and regions concerning the individual growth drivers, market trends and their contribution toward the Vascular Closure Devices market growth.
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities).
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Vascular Closure Devices Market Analysis report.
- Analysis and conclusions on the future Vascular Closure Devices market outlook.
Top-down and bottom-up approaches are used to validate the Vascular Closure Devices Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are
identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Vascular Closure Devices Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Vascular Closure Devices market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Vascular Closure Devices market segmentation is as follows:
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/Vascular Surgery
Geographical Analysis:
Vascular Closure Devices Market is segmented by geography into North America, South America, Europe, Asia Pacific, and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. The Asia Pacific is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia,
Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Vascular Closure Devices Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Vascular Closure Devices Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Vascular Closure Devices market players, such as
- Cardinal Health, Inc. (Cordis)
- Terumo Corporation
- Abbott Laboratories
- Cardiva Medical, Inc.
- Medtronic PLC
- Along with these companies, many other companies are considered in the report while analysing the Global Vascular Closure Devices competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
