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Global Vascular Closure Devices Market to reach USD 1.3 billion by 2027.

Global Vascular Closure Devices Market Size study, by Type (Passive Approximators, Active Approximators, External Hemostatic Devices), by Access (Femoral Access, Radial Access), by Procedure (Interventional Cardiology, Interventional Radiology/Vascular Surgery), and Regional Forecasts 2021-2027

Product Code: HLSMDE-81874596
Publish Date: 7-11-2021
Page: 200

Global Vascular Closure Devices Market is valued approximately at USD 0.8 billion in 2020 and is anticipated to grow with a healthy growth rate of about 7% over the forecast period 2021-2027. Vascular closure devices are piece of collagen (fibrous protein which is found in bone, skin, and connective tissue), metallic clip or stitch (suture), designed to offer immediate sealing of small punctures that are made in an artery after angiogram. The global vascular closure devices market is being driven by high prevalence of cardiovascular diseases and growing geriatric population across the globe. Furthermore, increasing investments, funds, and grants for research on vascular devices will provide new opportunities for the global vascular closure devices industry. Cardiovascular diseases are the leading cause of death across the globe. According to the World Health Organization, approximately 17.9 million people died from cardiovascular diseases in 2019, which represented about 32% of all deaths worldwide. Out of these deaths, about 85% were due to heart stroke and attack. Such high incidences of cardiovascular diseases across the globe is expected to increase the demand and adoption of vascular closure devices to treat post-surgical sealing. Hence, this is expected to promote the market growth. However, increasing preference for interventional procedures using radial artery access may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global vascular closure devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global vascular closure devices market over the forecast period 2021-2027. Factors such as rising trend of one – day surgeries for vascular procedures, increasing prevalence of cardiovascular diseases, increasing number of cases of cardiac arrest, increasing clinical trials and research for vascular closure devices, long waiting period for cardiac surgeries, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
Terumo Corporation
Abbott
Cardinal Health
Cardiva Medical, Inc.
Medtronic Plc
Morris Innovative, Inc.
Teleflex Incorporated
Merit Medical Systems, Inc.
Vasorum Ltd.
TZ Medical, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Passive Approximators
Active Approximators
External Hemostatic Devices
By Access:
Femoral Access
Radial Access
By Procedure:
Interventional Cardiology
Interventional Radiology/Vascular Surgery
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Vascular Closure Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Vascular Closure Devices Market, by Region, 2019-2027 (USD Billion)
1.2.2. Vascular Closure Devices Market, by Type, 2019-2027 (USD Billion)
1.2.3. Vascular Closure Devices Market, by Access, 2019-2027 (USD Billion)
1.2.4. Vascular Closure Devices Market, by Procedure, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vascular Closure Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vascular Closure Devices Market Dynamics
3.1. Vascular Closure Devices Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. High prevalence of cardiovascular diseases
3.1.1.2. Growing geriatric population
3.1.2. Market Restraint
3.1.2.1. Increasing preference for interventional procedures using radial artery access
3.1.3. Market Opportunities
3.1.3.1. Increasing investments, funds, and grants for research on vascular devices
Chapter 4. Global Vascular Closure Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Vascular Closure Devices Market, by Type
5.1. Market Snapshot
5.2. Global Vascular Closure Devices Market by Type, Performance – Potential Analysis
5.3. Global Vascular Closure Devices Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Vascular Closure Devices Market, Sub Segment Analysis
5.4.1. Passive Approximators
5.4.2. Active Approximators
5.4.3. External Hemostatic Devices
Chapter 6. Global Vascular Closure Devices Market, by Access
6.1. Market Snapshot
6.2. Global Vascular Closure Devices Market by Access, Performance – Potential Analysis
6.3. Global Vascular Closure Devices Market Estimates & Forecasts by Access 2018-2027 (USD Billion)
6.4. Vascular Closure Devices Market, Sub Segment Analysis
6.4.1. Femoral Access
6.4.2. Radial Access
Chapter 7. Global Vascular Closure Devices Market, by Procedure
7.1. Market Snapshot
7.2. Global Vascular Closure Devices Market by Procedure, Performance – Potential Analysis
7.3. Global Vascular Closure Devices Market Estimates & Forecasts by Procedure 2018-2027 (USD Billion)
7.4. Vascular Closure Devices Market, Sub Segment Analysis
7.4.1. Interventional Cardiology
7.4.2. Interventional Radiology/Vascular Surgery
Chapter 8. Global Vascular Closure Devices Market, Regional Analysis
8.1. Vascular Closure Devices Market, Regional Market Snapshot
8.2. North America Vascular Closure Devices Market
8.2.1. U.S. Vascular Closure Devices Market
8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Access breakdown estimates & forecasts, 2018-2027
8.2.1.3. Procedure breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Vascular Closure Devices Market
8.3. Europe Vascular Closure Devices Market Snapshot
8.3.1. U.K. Vascular Closure Devices Market
8.3.2. Germany Vascular Closure Devices Market
8.3.3. France Vascular Closure Devices Market
8.3.4. Spain Vascular Closure Devices Market
8.3.5. Italy Vascular Closure Devices Market
8.3.6. Rest of Europe Vascular Closure Devices Market
8.4. Asia-Pacific Vascular Closure Devices Market Snapshot
8.4.1. China Vascular Closure Devices Market
8.4.2. India Vascular Closure Devices Market
8.4.3. Japan Vascular Closure Devices Market
8.4.4. Australia Vascular Closure Devices Market
8.4.5. South Korea Vascular Closure Devices Market
8.4.6. Rest of Asia Pacific Vascular Closure Devices Market
8.5. Latin America Vascular Closure Devices Market Snapshot
8.5.1. Brazil Vascular Closure Devices Market
8.5.2. Mexico Vascular Closure Devices Market
8.6. Rest of The World Vascular Closure Devices Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Terumo Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Abbott
9.2.3. Cardinal Health
9.2.4. Cardiva Medical, Inc.
9.2.5. Medtronic Plc
9.2.6. Morris Innovative, Inc.
9.2.7. Teleflex Incorporated
9.2.8. Merit Medical Systems, Inc.
9.2.9. Vasorum Ltd.
9.2.10. TZ Medical, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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