The global Active Approximators Vascular Closure Device (VCDs) Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Active Approximators Vascular Closure Device (VCDs) market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the active approximators vascular closure device (VCDs) market which was USD 807.7 million in 2021, would rocket up to USD 1451.27 million by 2029, and is expected to undergo a CAGR of 7.60% during the forecast period 2022 to 2029.
Top Companies in the Global Active Approximators Vascular Closure Device (VCDs) Market:
Terumo Corporation (Japan), Abbott (U.S.), Cardinal Health (U.S.), Cardiva Medical, Inc. (U.S.), Medtronic (Ireland), Morris Innovative (U.S.), Teleflex Incorporated (U.S.), Merit Medical Systems (U.S.), Vasorum Ltd. (Ireland), TZ Medical, (U.S.), Vivasure Medical Ltd. (Ireland), Tricol Biomedical (U.S.), Scion Biomedical (U.S.), Advanced Vascular Dynamics (U.S.), Marine Polymer Technologies, Inc. (U.S.), Transluminal Technologies (U.S.), among others.
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Market Segmentation:
The active approximators vascular closure device (VCDs) market is segmented on the basis of type, access, procedure, distribution channel, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Passive Approximators
- Collagen Plugs
- Sealant or Gel-based Devices
- Compression Assist Devices
- Active Approximators
- Suture-based Devices
- Clip-based Devices
- External Hemostatic Devices
Access
- Femoral Access
- Radial Access
Procedure
- Interventional Cardiology
- Interventional Radiology/Vascular Surgery
Distribution Channel
- Direct Tenders
- Retail
Application
- Diagnostic Intervention
- Therapeutic Intervention
End User
- Hospitals
- Clinics
- Specialty Centres
- Ambulatory Surgery Centres
- Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominated the global active approximators vascular closure devices market, due to the increasing prevalence of cardiovascular diseases.
Asia-Pacific is expected to witness the fastest growth in the next 7 years due to the emerging economies of China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- High prevalence of cardiovascular diseases
In the entire world, cardiovascular diseases (CVDs) rank among the main causes of death. The American Heart Association (AHA) estimates that 18.6 million people died in 2019 as a result of CVDs, with the majority of these deaths occurring in Eastern Europe and Central Asia. According to the AHA's projections, 40.5 percent of the US population will have a CVD by 2030. Thus, the demand for catheterization and interventional treatments for diagnosing and treating CVDs is projected to rise as CVD prevalence rises. In the upcoming years, the market for active approximators vascular closure devices is projected to grow significantly due to the rising popularity of these treatments.
- Growing vascular closure device approvals as well as consumer inclination
The main factors fuelling the growth of the active approximators vascular closure devices market is the rising prevalence of cardiovascular illnesses in the population. Other indirect factors influencing the growth of the market include increasing consumer disposable income and increasing players' focus on large-bore vascular closure devices. Growing vascular closure device approvals as well as consumer inclination for minimally invasive procedures will create more fruitful chances for market expansion. Increased obesity rates will also pave the ground for market expansion.
Opportunities
- Growth in the number of hospitals and surgical centers
The growing patient population is a considerable need for surgical supplies (including medical equipment like vascular closure devices) at these recently opened surgical centres and hospitals. As the primary end users of vascular closure devices, the significant increase in hospitals and surgical facilities is anticipated to drive the growth of the active approximators vascular closure devices market.
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