Global Vascular Closure Devices Market Size, Share, Trends & Analysis by Type (Active Approximators, Passive Approximators, External Hemostatic Devices), by Access (Femoral Access, Radial Access), by Procedure (Interventional Cardiology, Interventional Radiology) and Region, with Forecasts from 2024 to 2034.

Market Overview

 

The Global Vascular Closure Devices Market is projected to grow substantially from 2024 to 2034, driven by the increasing volume of minimally invasive cardiovascular procedures and the rising demand for fast, efficient vascular closure solutions. In 2024, the market is valued at USD XX.XX billion and is expected to reach USD XX.XX billion by 2034, registering a compound annual growth rate (CAGR) of XX.XX%. Key drivers include advancements in interventional cardiology and radiology procedures, alongside the rising global prevalence of cardiovascular diseases. The demand for vascular closure devices is further bolstered by the trend toward radial access and the need for rapid patient recovery.

 

Definition and Scope of Vascular Closure Devices

 

Vascular closure devices (VCDs) are medical devices used to achieve hemostasis of the small puncture created in the artery following a catheterization procedure. These devices help seal the femoral or radial artery after interventional procedures such as angioplasty, stent placement, or angiography, reducing recovery time and minimizing the risk of complications. VCDs are primarily classified into active and passive approximators, as well as external hemostatic devices, offering solutions for efficient post-procedural care.

 

Market Drivers

 

• Increase in Minimally Invasive Procedures: The rising number of interventional cardiology and radiology procedures due to the global burden of cardiovascular diseases is significantly driving the demand for vascular closure devices. These devices improve patient outcomes by ensuring quick and effective artery closure post-procedure.

 

• Shift Toward Radial Access: The growing preference for radial access in catheterization procedures, which is less invasive and offers faster recovery compared to femoral access, is positively impacting the demand for specialized vascular closure devices designed for radial procedures.

 

• Technological Advancements: Innovations in vascular closure technology, including active approximators and external hemostatic devices, are improving the speed and safety of closure, thereby increasing their adoption among healthcare providers.

 

Market Restraints

 

• High Cost of Devices: The high costs associated with advanced vascular closure devices can limit their widespread adoption, particularly in cost-sensitive healthcare settings and developing regions.

 

• Complications Associated with Usage: While VCDs reduce recovery time, there are potential risks such as infections or device-related complications, which may restrict their use in some procedures or regions.

 

Opportunities

 

• Growing Use in Radial Access Procedures: As radial access becomes the preferred method in many interventional procedures due to its lower complication rates, there is a rising opportunity for radial-specific vascular closure devices.

 

• Expanding Applications Beyond Cardiology: Vascular closure devices are witnessing increased application in interventional radiology, expanding their market potential beyond traditional cardiovascular interventions.

 

• Rising Demand in Emerging Markets: The rapid expansion of healthcare infrastructure in emerging markets like Asia-Pacific and Latin America presents significant growth opportunities as the adoption of minimally invasive procedures increases.

 

Market Segmentation Analysis

 

• By Type

    ○ Active Approximators

    ○ Passive Approximators

    ○ External Hemostatic Devices

 

• By Access

    ○ Femoral Access

    ○ Radial Access

 

• By Procedure

    ○ Interventional Cardiology

    ○ Interventional Radiology

 

Regional Analysis

 

• North America: Dominates the market due to advanced healthcare infrastructure, high procedure volumes, and significant technological advancements in vascular closure solutions.

 

• Europe: The market benefits from favorable healthcare policies, widespread adoption of minimally invasive procedures, and high awareness of advanced closure devices.

 

• Asia-Pacific: Expected to experience the fastest growth, driven by rising healthcare investments, growing awareness of vascular closure devices, and increasing numbers of interventional cardiology procedures.

 

• Rest of the World: Includes Latin America, the Middle East, and Africa, where improving healthcare systems and increased focus on minimally invasive procedures create growth opportunities.

 

The Global Vascular Closure Devices Market is set to witness significant expansion over the next decade, driven by the growing need for efficient closure solutions following minimally invasive procedures. With advancements in technology, rising adoption of radial access, and increasing procedure volumes, the market is poised to provide critical innovations in post-procedural care.

 

Competitive Landscape

 

Key players in the Global Vascular Closure Devices Market include:

 

Abbott Laboratories

Teleflex Incorporated

Cardinal Health, Inc.

Terumo Corporation

Merit Medical Systems, Inc.

Morris Innovative

Vascular Solutions, Inc.

Medtronic PLC

Boston Scientific Corporation

TZ Medical, Inc.

Table of Contents:

 

1. Introduction

    1.1. Definition of Vascular Closure Devices

    1.2. Scope of the Report

    1.3. Research Methodology

 

2. Executive Summary

    2.1. Key Findings

    2.2. Market Snapshot

    2.3. Key Trends

 

3. Market Dynamics

    3.1. Market Drivers

        3.1.1. Growing Demand for Minimally Invasive Procedures

        3.1.2. Increasing Adoption of Vascular Closure Devices in Cardiology and Radiology

        3.1.3. Technological Advancements in Vascular Closure Devices

        3.1.4. Other Market Drivers

    3.2. Market Restraints

        3.2.1. High Cost of Devices

        3.2.2. Risk of Complications and Failures

        3.2.3. Availability of Alternative Hemostasis Techniques

        3.2.4. Other Market Restraints

    3.3. Market Opportunities

        3.3.1. Expanding Use of Radial Access Procedures

        3.3.2. Emerging Markets and Growing Healthcare Infrastructure

        3.3.3. Increasing Research on Biodegradable Vascular Closure Devices

        3.3.4. Other Market Opportunities

 

4. Global Vascular Closure Devices Market Analysis

    4.1. Market Size and Forecast (2024-2034)

    4.2. Market Share Analysis by:

        4.2.1. Type

            4.2.1.1. Active Approximators

            4.2.1.2. Passive Approximators

            4.2.1.3. External Hemostatic Devices

        4.2.2. Access

            4.2.2.1. Femoral Access

            4.2.2.2. Radial Access

        4.2.3. Procedure

            4.2.3.1. Interventional Cardiology

            4.2.3.2. Interventional Radiology

    4.3. Value Chain Analysis

    4.4. SWOT Analysis

    4.5. Porter’s Five Forces Analysis

 

5. Regional Market Analysis

    5.1. North America

        5.1.1. Market Overview

        5.1.2. Market Size and Forecast

        5.1.3. Key Trends

        5.1.4. Competitive Landscape

    5.2. Europe

        5.2.1. Market Overview

        5.2.2. Market Size and Forecast

        5.2.3. Key Trends

        5.2.4. Competitive Landscape

    5.3. Asia Pacific

        5.3.1. Market Overview

        5.3.2. Market Size and Forecast

        5.3.3. Key Trends

        5.3.4. Competitive Landscape

    5.4. Latin America

        5.4.1. Market Overview

        5.4.2. Market Size and Forecast

        5.4.3. Key Trends

        5.4.4. Competitive Landscape

    5.5. Middle East & Africa

        5.5.1. Market Overview

        5.5.2. Market Size and Forecast

        5.5.3. Key Trends

        5.5.4. Competitive Landscape

 

6. Competitive Landscape

    6.1. Market Share Analysis of Key Players

    6.2. Company Profiles of Key Players

        6.2.1. Abbott Laboratories

        6.2.2. Teleflex Incorporated

        6.2.3. Cardinal Health, Inc.

        6.2.4. Terumo Corporation

        6.2.5. Merit Medical Systems, Inc.

        6.2.6. Morris Innovative

        6.2.7. Vascular Solutions, Inc.

        6.2.8. Medtronic PLC

        6.2.9. Boston Scientific Corporation

        6.2.10. TZ Medical, Inc.

    6.3. Recent Developments and Innovations

    6.4. Strategic Initiatives

 

7. Future Outlook and Market Forecast

    7.1. Market Growth Prospects

    7.2. Technological Trends and Innovations

    7.3. Investment Opportunities

    7.4. Strategic Recommendations

 

8. Key Insights and Reiteration of Main Findings

9. Future Prospects for the Global Vascular Closure Devices Market

 

List of Tables:

 

Table 1: Global Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 2: Global Vascular Closure Devices Market, By Active Approximators, 2024-2034 (USD Billion)

Table 3: Global Vascular Closure Devices Market, By Passive Approximators, 2024-2034 (USD Billion)

Table 4: Global Vascular Closure Devices Market, By External Hemostatic Devices, 2024-2034 (USD Billion)

Table 5: Global Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 6: Global Vascular Closure Devices Market, By Femoral Access, 2024-2034 (USD Billion)

Table 7: Global Vascular Closure Devices Market, By Radial Access, 2024-2034 (USD Billion)

Table 8: Global Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 9: Global Vascular Closure Devices Market, By Interventional Cardiology, 2024-2034 (USD Billion)

Table 10: Global Vascular Closure Devices Market, By Interventional Radiology, 2024-2034 (USD Billion)

Table 11: Global Vascular Closure Devices Market, By Region, 2024-2034 (USD Billion)

Table 12: North America Vascular Closure Devices Market, By Country, 2024-2034 (USD Billion)

Table 13: North America Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 14: North America Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 15: North America Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 16: United States Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 17: United States Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 18: United States Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 19: Canada Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 20: Canada Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 21: Canada Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 22: Europe Vascular Closure Devices Market, By Country, 2024-2034 (USD Billion)

Table 23: Europe Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 24: Europe Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 25: Europe Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 26: Germany Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 27: Germany Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 28: Germany Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 29: U.K. Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 30: U.K. Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 31: U.K. Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 32: France Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 33: France Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 34: France Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 35: Italy Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 36: Italy Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 37: Italy Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 38: Spain Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 39: Spain Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 40: Spain Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 41: Rest of Europe Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 42: Rest of Europe Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 43: Rest of Europe Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 44: Asia-Pacific Vascular Closure Devices Market, By Country, 2024-2034 (USD Billion)

Table 45: Asia-Pacific Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 46: Asia-Pacific Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 47: Asia-Pacific Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 48: China Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 49: China Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 50: China Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 51: India Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 52: India Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 53: India Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 54: Japan Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 55: Japan Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 56: Japan Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 57: South Korea Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 58: South Korea Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 59: South Korea Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 60: Australia Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 61: Australia Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 62: Australia Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 63: Rest of Asia-Pacific Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 64: Rest of Asia-Pacific Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 65: Rest of Asia-Pacific Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 66: Middle East and Africa Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 67: Middle East and Africa Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 68: Middle East and Africa Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 69: South America Vascular Closure Devices Market, By Type, 2024-2034 (USD Billion)

Table 70: South America Vascular Closure Devices Market, By Access, 2024-2034 (USD Billion)

Table 71: South America Vascular Closure Devices Market, By Procedure, 2024-2034 (USD Billion)

Table 72: Global Vascular Closure Devices Market, Strategic Developments, 2024-2034

Table 73: Global Vascular Closure Devices Market, Mergers & Acquisitions, 2024-2034

Table 74: Global Vascular Closure Devices Market, New Product Launches, 2024-2034

Table 75: Global Vascular Closure Devices Market, Collaborations and Partnerships, 2024-2034

Table 76: Global Vascular Closure Devices Market, Investment Analysis, 2024-2034

Table 77: Global Vascular Closure Devices Market, Technological Innovations, 2024-2034

Table 78: Global Vascular Closure Devices Market, Future Trends and Opportunities, 2024-2034

Table 79: Global Vascular Closure Devices Market, Key Insights and Recommendations, 2024-2034

Table 80: Global Vascular Closure Devices Market, Competitive Landscape, 2024-2034

Table 81: Global Vascular Closure Devices Market, Regional Analysis Summary, 2024-2034

 

List of Figures:

 

Figure 1: Global Vascular Closure Devices Market: Market Segmentation

Figure 2: Global Vascular Closure Devices Market: Research Methodology

Figure 3: Top-Down Approach

Figure 4: Bottom-Up Approach

Figure 5: Data Triangulation and Validation

Figure 6: Global Vascular Closure Devices Market: Drivers, Restraints, Opportunities, and Challenges

Figure 7: Global Vascular Closure Devices Market: Porter's Five Forces Model Analysis

Figure 8: Global Vascular Closure Devices Market: Value Chain Analysis

Figure 9: Global Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 10: Global Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 11: Global Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 12: Global Vascular Closure Devices Market Share Analysis, By Region, 2024-2034

Figure 13: North America Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 14: North America Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 15: North America Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 16: North America Vascular Closure Devices Market Share Analysis, By Country, 2024-2034

Figure 17: Europe Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 18: Europe Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 19: Europe Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 20: Europe Vascular Closure Devices Market Share Analysis, By Country, 2024-2034

Figure 21: Asia-Pacific Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 22: Asia-Pacific Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 23: Asia-Pacific Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 24: Asia-Pacific Vascular Closure Devices Market Share Analysis, By Country, 2024-2034

Figure 25: Middle East and Africa Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 26: Middle East and Africa Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 27: Middle East and Africa Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 28: Middle East and Africa Vascular Closure Devices Market Share Analysis, By Country, 2024-2034

Figure 29: South America Vascular Closure Devices Market Share Analysis, By Type, 2024-2034

Figure 30: South America Vascular Closure Devices Market Share Analysis, By Access, 2024-2034

Figure 31: South America Vascular Closure Devices Market Share Analysis, By Procedure, 2024-2034

Figure 32: South America Vascular Closure Devices Market Share Analysis, By Country, 2024-2034

Figure 33: Global Vascular Closure Devices Market: Competitive Benchmarking

Figure 34: Global Vascular Closure Devices Market: Vendor Share Analysis, 2024-2034

Figure 35: Global Vascular Closure Devices Market: Key Player Strategies

Figure 36: Global Vascular Closure Devices Market: Recent Developments and Innovations

Figure 37: Global Vascular Closure Devices Market: Mergers and Acquisitions

Figure 38: Global Vascular Closure Devices Market: SWOT Analysis of Key Players

Key Players: (this may not be a complete list and extra companies can be added upon request)

 

Abbott Laboratories

Teleflex Incorporated

Cardinal Health, Inc.

Terumo Corporation

Merit Medical Systems, Inc.

Morris Innovative

Vascular Solutions, Inc.

Medtronic PLC

Boston Scientific Corporation

TZ Medical, Inc.

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