Vascular Closure Devices Market |Analysis, Trends, New Business Opportunities and Forecast to 2022 – 2026Posted by Johnny on September 21st, 2022 The global vascular closure devices market is projected to reach USD 1.3 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 7.0% during the forecast period. Emerging markets that provide growth opportunities for market players and an increase in the number of hospitals and surgical centers are expected to provide strong growth opportunities for market players. Get Sample PDF: https://www.marketsandmarkets.com/requestsampleNew.asp?id=180101468 Key Market Players of Vascular Closure Devices Market: The prominent players operating in this market include Terumo Corporation (Japan), Abbott (US), Cardinal Health (US), Cardiva Medical, Inc. (US), and Medtronic Plc. (Ireland). COVID-19 impact on the vascular closure devices market The COVID-19 outbreak negatively impacted the vascular closure devices market in 2020 due to nationwide lockdowns, denied wound care services, and canceled or postponed elective surgeries. Elective surgeries were being denied (canceled/postponed) to reserve or redirect the available limited capacities and resources (like hospital beds and patient care professionals) towards COVID-19 patient care. In addition, various countries had enforced lockdowns and curfews to curb the rising number of COVID-19 cases. Due to these lockdowns, patients were not able to visit hospitals, OPDs, or clinics. This temporary denial of non-emergent healthcare services is expected to limit the growth of the vascular closure devices market. However, the demand for vascular closure devices is expected to rise in the coming years. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=180101468 OPPORTUNITY: Growth in the number of hospitals & surgical centers The number of hospitals and surgical centers is increasing in both developed and emerging countries. The demand for surgical equipment (including medical devices such as vascular closure devices) is high in these newly established surgical centers and hospitals, owing to the increasing patient population base. For instance, in October 2020, the Prime Minister of the UK announced plans of investing USD 4.3 billion for 40 hospitals and certain schemes for future funding for 48 hospitals by 2030. In the last decade, developing countries such as India and China have witnessed significant improvements in their respective healthcare infrastructures. Recent Developments
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