Vascular Closure Device Market Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Vascular Closure Device also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company.
Major Market Competitors/Players:
Some of the major players operating in global vascular device market are Abbott (U.S.), Transluminal Technologies (U.S.), Cardiva Medical, Inc. (U.S.), TERUMO Corporation (Japan), TZ Medical, Inc (U.S.), Vivasure Medical Ltd. (Ireland), Cardinal Health (U.S.), ESSENTIAL MEDICAL, INC, (U.S.), ENDOCOR GmbH (Germany), Vasorum Ltd. (Ireland), Morris Innovative (U.S.), Medtronic (Ireland), Vascular Closure Systems, Inc. (U.S.), Merit Medical Systems, Inc. (U.S.), St. Jude Medical, LLC ( USA) and many more.
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Global Vascular Closure Device Market value was 895.4 million & growing at a CAGR of 7.30% during the forecast to 2024.
Vascular closure devices (VCD) have emerged as an effective alternative to traditional mechanical compression for femoral artery closure and is being widely used in patients undergoing catheterization via the femoral route. These devices have the potential to reduce the time to hemostasis, facilitate early patient mobilization, reduce patient discomfort associated with prolonged bed rest, improve patient satisfaction, decrease hospital length of stay (by early mobilization and reduction of complications), and potentially reduce femoral artery complications.
The global vascular closure device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vascular closure device market for global, Europe, North America, Asia Pacific and South America.
Target Audience of Vascular Closure Devices Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
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- To understand the most influencing driving and constraining forces in the Vascular Closure Devices Market and its effect in the global market.
- Learn about the Vascular Closure Devices market strategies that are being embraced by leading Vascular Closure Devices organizations.
- To understand the overview and perspective for Vascular Closure Devices Market.
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Major Market Drivers and Restraints:
- Rising rate of cardiovascular diseases and obesity
- New technological development for ease and safety
- Growth due to geriatric population
- Preference of noninvasive procedure
- High price of vascular closure device
- Product failure and cancellation
- Adopting more of Interventional Procedures Using Radial Artery Access
- On the basis of types, global vascular closure device market is segmented into passive approximators and active approximators. Passive approximators are further divided into collagen plugs sealent or gel based whereas active approximators are sub segmented into clip and suture devices. In 2015, active approximators held majority of shares whereas in 2017, passive approximators are expected with the highest share in the vascular closure devices market.
- On the basis of access, global vascular closure device market is segmented into femoral and radial. Here, femoral vascular closure device market holds majority of shares in 2015 as compared to radial vascular closure device market and is expected to dominate in the forecast period 2017-2024
- On the basis of procedure, global vascular closure device market is segmented into interventional cardiology and radiology. Interventional cardiology is expected to dominate the market in the forecast period 2017- 2024 rise in future and would applied to related diseases such as cardiovascular diseases and obesity.
- On the basis of end user, global vascular closure device market is segmented into hospitals, ambulatory, surgical centers, clinics and others.
- On the basis of distribution channel, global vascular closure device market is segmented into direct tenders and retail.
- On the basis of geography global vascular closure device market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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