Vascular Closure Devices Market is set to Witness a CAGR of 6.8% By 2023
Posted by Sapanas on July 11th, 2019
Vascular Closure Devices Market Research Report, by Product Type (Passive Vascular Closure Device, Active Vascular Closure Device, External Hemostatic Device), Access (Femoral, Radial), Procedures (Interventional Cardiology, Interventional Radiology), Application (Diagnostic, Therapeutic), End User (Hospitals & Clinics, ASCs) – Global Forecast Till 2023
Vascular Closure Devices Market Highlights
It is estimated that the global vascular closure devices market is expected to register a CAGR ~ 6.8% during the forecast period of 2018–2023. The global vascular closure devices market is expected to witness tremendous growth owing to the rising prevalence of numerous types of cardiovascular as well as neurovascular diseases. Other key factors such as the untapped market opportunities in emerging countries, growing investments by government organizations, increasing adoption rate of minimally invasive techniques are contributing towards the growth of the market. However, factors such as lack of trained medical professionals, and the post-operative complications are expected to curb the growth of the market during the forecast period.
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On the regional basis, the vascular closure devices market in the Americas is predicted to dominate the market during the forecast period. The North American region holds substantial share in the global market. This owes to the rise in the government initiatives, and the increased prevalence of coronary diseases in these regions. For instance, according to the data published in 2015 by the American Heart Association (AHA), about one in 7 deaths in the US is caused by coronary heart disease. Also, numerous major players are based in the US, owing to which the US has become a center for innovation in the vascular closure devices market.
Currently, the global vascular closure devices market is dominated by numerous players. The major players in this market are involved in new product launches, strategic partnerships and collaborations to increase their product portfolio. For example, in June 2018, Biomerics, a medical device contract manufacturer announced the acquisition of FutureMatrix Interventional, Inc. The company aims to expand its portfolio of interventional catheters used in cardiovascular and urology fields, thus strengthening its position in the market.
The global vascular closure devices market is segmented on the basis of product type, access, procedures, application, and end user.
Some of the key players in the global intraocular lens market are Abbott Laboratories, Terumo Corporation, Cardinal Health Inc., Cardiva Medical Inc., Morris Innovative, Inc., Medtronic plc, Essential Medical, Inc., Merit Medical Systems, Inc., TZ Medical, Inc., Vasorum Ltd., Transluminal Technologies LLC, Vascular Closure Systems, Inc., Vivasure Medical Ltd., among others.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
LIST OF TABLES
TABLE 1 GLOBAL VASCULAR CLOSURE DEVICES MARKET SYNOPSIS, 2018–2023
TABLE 2 GLOBAL VASCULAR CLOSURE DEVICES MARKET ESTIMATES AND FORECAST, 2018–2023 (USD MILLION)
TABLE 3 GLOBAL VASCULAR CLOSURE DEVICES MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
TABLE 4 GLOBAL VASCULAR CLOSURE DEVICES MARKET, BY ACCESS, 2018–2023 (USD MILLION)
TABLE 5 GLOBAL VASCULAR CLOSURE DEVICES MARKET, BY PROCEDURE, 2018–2023 (USD MILLION)
TABLE 6 GLOBAL VASCULAR CLOSURE DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
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