Vascular Closure Devices Market

Vascular Closure Devices Market

Growth Factors of Vascular Closure Devices Market

The Vascular Closure Devices Market size was valued at USD 1.82 billion in 2023, and the market is now projected to grow from USD 1.96 billion in 2024 to USD 3.96 billion by 2032, exhibiting a CAGR of9.2% during the forecast period of 2024-2032.

The vascular closure gadgets (VCD) market skilled significant fluctuations due to the COVID-19 pandemic. During the initial outbreak, non-obligatory procedures, consisting of the ones requiring VCDs, have been postponed or canceled, main to a decline in demand. However, as healthcare structures adapted and resumed optionally available strategies, the marketplace progressively recovered. The pandemic highlighted the importance of minimizing procedural time and improving patient safety, which spurred innovation and demand for advanced VCDs. Overall, even as the market faced brief-time period disruptions, the long-term outlook stays fine with improved emphasis on efficient and powerful vascular methods.

One of the ultra-modern developments inside the vascular closure devices (VCD) market is the growing adoption of minimally invasive strategies. Advancements in generation have caused the improvement of greater green and user-friendly VCDs that lessen procedural time and enhance patient recuperation. These devices are designed to enhance closure consequences with minimal headaches and quicker affected person discharge. The fashion is driven by way of the growing desire for outpatient processes and the need for faster healing times. Additionally, there may be a rising recognition on integrating VCDs with superior imaging technologies to enhance precision and ordinary effectiveness in vascular processes.

A primary using issue in the vascular closure gadgets (VCD) marketplace is the growing occurrence of cardiovascular diseases. The growing prevalence of situations along with coronary artery disorder, peripheral artery sickness, and hypertension has brought about a higher extent of vascular strategies. This uptick in techniques necessitates powerful closure answers to beautify patient results and reduce headaches. Additionally, the aging population, that's more liable to cardiovascular troubles, in addition drives the demand for VCDs. As healthcare companies are looking for to enhance procedural efficiency and patient safety, the need for superior and dependable VCDs keeps to rise.

Comprehensive Analysis of Vascular Closure Devices Market

The Vascular Closure Devices Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product type, by type, by access type, by end user. By product type include plug based device and clip based device. By type include active, passive. By access type include femoral, radial, others. By end user type include Hospitals & ASCs, Specialty Clinics, Others

The North America region lead Vascular Closure Devices Market share by benefitting a market size of USD 0.80 billion in 2023 due to the increasing prevalence of cardiovascular diseases and the number of interventional cardiology procedures associated with them are expected to boost the adoption of these devices in the region. The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.

In December 2023, Vivasure Medical Ltd. Began enrolling patients for the ELITE medical study, comparing the protection and efficacy of the PerQseal Elite in a multicenter, unmarried-arm trial.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 9.2% from 2024-2032

Segmentation By Product Type

• Plug Based Devices
• Sealant or Gel-based Devices
• Collagen Plugs

Clip Based Devices

• Suturing Devices
• Clip/Staple Devices

By Type

• Active
• Passive

By Access Site

• Femoral
• Radial
• Others

By End-user

• Hospitals & ASCs
• Specialty Clinics
• Others

By Region

• North America (By Product Type, By Type, By Access Site, By End-user, and By Country)
• U.S.
• Canada

Europe ( By Product Type, By Type, By Access Site, By End-user, and By Country/Sub-Region)

• U.K.
• Germany
• France
• Spain
• Italy
• Scandinavia
• Rest of Europe

Asia Pacific ( By Product Type, By Type, By Access Site, By End-user, and By Country/Sub-Region)

• Japan
• China
• India
• Australia
• Southeast Asia
• Rest of Asia Pacific

Latin America ( By Product Type, By Type, By Access Site, By End-user, and By Country/Sub-Region)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa ( By Product Type, By Type, By Access Site, By End-user, and By Country/Sub-Region)

• GCC
• South Africa

Rest of Middle East & Africa


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