Vascular Closure Devices Market Analysis

The vascular closure devices market is predicted to grow at a 6.8% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. A vascular closure device, simply put, is a piece of suture, metallic clip, or collagen that offers instant sealing of small punctures made in the artery post a cardiovascular process of endovascular surgery that needs a catheterization. A cardiovascular process that needs catheterization includes diagnostic procedures which assist in the diagnosis of diseased blood vessels as well as intervention procedures, especially angioplasty. The key goal of this device is in offering rapid hemostasis of arteries and also reduces access site complications. Besides, it also helps in reducing time to hospital discharge and time to ambulation. Above all, it is more comforting for the patient in comparison to manual compression.

Some of the drivers according to the Market Research Future (MRFR) the vascular closure device market report, include rising prevalence of various neurovascular and cardiovascular diseases, growing adoption of minimally invasive techniques, increasing investments by government organizations, and untapped market opportunities especially in emerging countries.

On the flip side, post-operative complications and scarcity of trained medical professionals are factors that are likely to impede the market growth over the forecast period.

Vascular Closure Devices Market Segmentation

The MRFR report provides a complete segmental analysis of the vascular closure devices market on the basis of end user, application, procedures, access, and product type.

Based on product type, the vascular closure devices market is segmented into external hemostatic devices, active vascular closure devices, and passive vascular closure devices. The active vascular closure devices segment is again segmented into gamma-retroviral vectors, suture-based devices, and clip-based devices. The passive vascular closure devices segment is segmented into compression assist devices, sealant/gel-based devices, and plug-based devices.

Based on access, the global vascular closure devices market is segmented into radial access and femoral access.

Based on procedures, the vascular closure devices market is segmented into vascular surgery/interventional radiology and interventional cardiology.

Based on application, the global vascular closure devices market is segmented into therapeutic intervention and diagnostic intervention.

Based on end user, the vascular closure devices market is segmented into ambulatory surgery centers, specialty centers, hospitals and clinics, and others.

Vascular Closure Devices Market Regional Analysis

Based on the region, the global vascular closure devices market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the Americas are touted to remain at the forefront in the market during the forecast period. An increase in research funding and growing awareness among medical professionals about the vascular closure devices are factors driving the market growth in the region.

The vascular closure devices market in Europe is predicted to have the second-largest share in the market over the forecast period. Factors aiding growth in the region include various initiatives undertaken by private and public organizations.

The vascular closure devices market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding growth in the region include advancements in technology, resulting in the availability of affordable vascular closure devices and the high acceptance rate of these devices in this region.

The vascular closure devices market in the Middle East and Africa is predicted to have a slow growth over the forecast period. This is chiefly due to less initiative undertaken by the government and the presence of economically diverse countries.

Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/vascular-closure-devices-market-5704

Vascular Closure Devices Market Key Players

Leading players profiled in the vascular closure devices market report include Vivasure Medical Ltd., Vascular Closure Systems, Inc, Transluminal Technologies LLC, Vasorum Ltd., TZ Medical, Inc., Merit Medical Systems, Inc., Essential Medical, Inc., Medtronic plc, Morris Innovative, Inc., Cardiva Medical Inc., Cardinal Health Inc., Terumo Corporation, and Abbott Laboratories.

June 2019: gel-e announced Breakthrough Status Designation from US FDA for its first-ever internal-use flowable device. These advanced wound treatment and hemostatic products will help to address unmet needs right from the operating room up to the backyard. The injectable hemostat called Life Foam will offer control of bleeding temporarily from non-compressible abdominal wounds which are not amenable to tourniquet application in battlefield conditions and trauma. It has been specially designed for saving lives of traumatic accident victims, terrorist attacks and injured in a battle.