Global Vascular Closure Devices Market Growth 2025-2031

Global Vascular Closure Devices Market Growth 2025-2031

The global Vascular Closure Devices market size is predicted to grow from US$ 1240 million in 2025 to US$ 1908 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.

Vascular closure devices are medical devices used to achieve hemostasis of the small hole in the artery after a cardiovascular procedure of endovascular surgery requiring a catheterization. The devices seal the puncture site in an artery (the arteriotomy) through mechanical means rather than relying on the body’s natural clotting response.

Vascular Closure Devices were introduced in the early 1990s in an effort to reduce the time to hemostasis, enable early ambulation and improve patient comfort. Initially, devices focused on technologies involving a suture or a collagen plug. These technologies are effective at closing the hole; however, they often leave an intravascular component in the artery, which can cause complications. In addition, these technologies failed to accurately address patient pain. More recent methods to close the hole involve the use of novel materials that dissolve over a short period of time, such as polyethylene glycol found in the Mynx vascular closure device. These technologies incorporate a more gentle deployment of the material to the outside of the artery and avoid the use of intravascular components, leaving nothing behind in the artery and consequently improving patient comfort.

Generally, there are two types of vascular closure devices: active and passive, in this report, vascular closure devices refer to active vascular closure devices.

Global core vascular closure devices manufacturers include Abbott Laboratories, Terumo Corporation, Cordis, Teleflex Incorporated and Morrris Innovative. The top 1 company hold a share over 50%. North America is the largest market, with a share about 45%, followed by Asia Pacific and Europe with the share about 30% and 25%. In terms of product type, 8F is the largest segment, with a share over 20%. And in terms of application, the largest application is interventional procedures, followed by angiography surgery.

LP Information, Inc. (LPI) ' newest research report, the “Vascular Closure Devices Industry Forecast” looks at past sales and reviews total world Vascular Closure Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Vascular Closure Devices sales for 2025 through 2031. With Vascular Closure Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vascular Closure Devices industry.

This Insight Report provides a comprehensive analysis of the global Vascular Closure Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vascular Closure Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vascular Closure Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vascular Closure Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vascular Closure Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Vascular Closure Devices market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
5F
6F
7F
8F
Others

Segmentation by Application:
Angiography Surgery
Interventional Procedures

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Abbott Laboratories
Terumo Corporation
Cordis
Teleflex Incorporated
Morrris Innovative

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vascular Closure Devices market?

What factors are driving Vascular Closure Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vascular Closure Devices market opportunities vary by end market size?

How does Vascular Closure Devices break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.