The Worldwide Vascular Closure Devices Industry is Expected to Reach $2.7 Billion by 2026 - ResearchAndMarkets.com

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These advantages incorporate diminished draining difficulties, a decrease in post-procedural nursing care time required, expanded patient throughput, and quicker quiet ambulation.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, September 7, 2021
Information
Tags: 
Medical Devices, Health
Geotags: 
US
Summary
Key Points: 
  • These advantages incorporate diminished draining difficulties, a decrease in post-procedural nursing care time required, expanded patient throughput, and quicker quiet ambulation.
  • Although there are various factors aiding the growth of the vascular closure devices market issues such as those with suture-based closure devices may affect this market growth.
  • Suture-based closure devices are increasingly being adopted by healthcare professionals for percutaneous closure of large-bore arteriotomies.
  • However, suture-based closure devices are cumbersome and are experiencing a downtick, owing to their long learning curve and increased risk of complications, which is expected to hurt the vascular closure device market during the forecast period.


The "Global Vascular Closure Devices Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global vascular closure devices (VCDs) market is expected to grow at a compound annual growth rate of 6.88% over the forecast period to reach a market size of US$2.744 billion in 2026 from US$1.723 billion in 2019.

Companies Mentioned

  • Medtronic
  • Terumo
  • Abbott
  • Cordis
  • Biomerics
  • Cardiva Medical, Inc.
  • Vasorum Ltd
  • Biotronik GMBH & CO.KG
  • Boston Scientific Corporation
  • TZ Medical, Inc

Vascular closure devices (VCD) have arisen as a viable option in contrast to customary mechanical pressure for femoral course conclusion and is as a rule broadly utilized in patients going through catheterization utilizing the femoral course. These gadgets can diminish the chance of hemostasis, work with early understanding preparation, lessen patient inconvenience related to delayed bed rest, improve patient fulfillment, decline clinic length of stay (by the early assembly and decrease of intricacies), and conceivably decrease femoral vein confusions. While utilizing these gadgets may increment procedural expenses, clients of these advances say there is a ton of investment needed downstream by accomplishing quicker hemostasis. These advantages incorporate diminished draining difficulties, a decrease in post-procedural nursing care time required, expanded patient throughput, and quicker quiet ambulation. Getting patients moving around more rapidly additionally helps clinics that have same-day percutaneous coronary mediation (PCI) programs. These devices if used properly and responsibly can help in reducing the number of deaths caused by health problems like peripheral artery disease (PAD), abdominal aortic aneurysm (AAA), carotid artery disease (CAD), and more particularly stroke, which according to the CDC, causes more than 795,000 deaths in the US alone, provided the stroke is not a first-time occurrence.

Additionally, considering the vast market opportunity presented by the high demand for vascular closure devices, several new market players have emerged in the field along with the already existing pharma behemoths, leading to new product launches and collaborations between different market players, which is expected to further boost the vascular closure market growth. For instance, in April 2021, Vivasure released the PerQseal+, which aims to provide a more robust solution in reducing the potential for complications and to enhance control and tactile feedback during surgery. The company also announced the enrolment of the first patient in the Frontier V trial, a European multicentre study of the PerQseal+ device, the trial results of which will offer the operators a completely new solution for saving lives, which is expected to further push the vascular closure market growth towards expansion.

Although there are various factors aiding the growth of the vascular closure devices market issues such as those with suture-based closure devices may affect this market growth. Suture-based closure devices are increasingly being adopted by healthcare professionals for percutaneous closure of large-bore arteriotomies. However, suture-based closure devices are cumbersome and are experiencing a downtick, owing to their long learning curve and increased risk of complications, which is expected to hurt the vascular closure device market during the forecast period.

Impact of COVID-19

The emergence of COVID-19 has affected the procedural volume of a few cardiovascular medicines during the underlying time of pandemics. High danger of Covid contamination during such strategies with expanding hospitalizations of COVID-19 patients brought about methodology deferral. Notwithstanding, with standard working conventions and lessening the number of patients in certain nations, the business is relied upon to grandstand proceeded with development. Besides, authoritative joint efforts and government backing to keep offering successful crisis heart care to patients have supported mechanical income development. Albeit the market has encountered moderate effect during a certain period, it will keep on predicting enormous development.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Function Value Chain Analysis

5. Global Vascular Closure Devices (VCDs) Market Analysis, By Access

6. Global Vascular Closure Devices (VCDs) Market Analysis, By Type

7. Global Vascular Closure Devices (VCDs) Market Analysis, By End-Users

8. Global Vascular Closure Devices (VCDs) Market Analysis, By Procedure

9. Global Vascular Closure Devices (VCDs) Market Analysis, By Geography

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/d58mok

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