The IMARC Group's latest research report, titled "Vascular Closure Devices Market Report by Product (Passive Approximators, Active Approximators, External Hemostatic Devices), Access (Femoral Access, Radial Access), Procedure (Interventional Cardiology, Interventional Radiology/Vascular Surgery), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Region 2025-2033," offers a comprehensive analysis of the vascular closure devices market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Vascular Closure Devices Market?
The global vascular closure devices market size reached USD 1.56 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.40 Billion by 2033, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033.
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Vascular Closure Devices Market Dynamics:
Rise of Minimally Invasive Procedures:
The rising use of minimally invasive surgical procedures (MIS) is among the major factors influencing growth in the vascular closure device market. These procedures can be performed with minimal discomfort to the patient as well as a shorter duration for which the patient has to remain in the hospital. Vascular closure devices, putting emphasis on the clot formation part, are expected to provide hemostasis and prevent post-operative complications.
Aging Population and Increasing Prevalence of Cardiovascular Diseases:
The worldwide aging of the population and the increasing prevalence of cardiovascular diseases are definitely driving the vascular closure device market. Not only do elderly people suffer from more cardiovascular diseases, they also tend to have more cardiovascular diseases that need interventional procedures. Vascular closure devices are one of the significant devices required for these interventions, where they can help reduce bleeding and other related complications.
Recent Technological Advancements in Market:
The vascular closure device market is anticipated to flourish with the fast-paced upgrades in medical technologies and the introduction of new suture based closure devices which are easier and less time consuming to use. The devices are more effective, precise, and so forth, making them less invasive. All of this is combined with the improvement of advanced materials and devices design. All of this improves the performance and safety of these devices.
Competitive Landscape with Key Players:
- Abbott Laboratories
- Cardiva Medical Inc. (Haemonetics Corporation)
- Cordis Corporation (Cardinal Health Inc.)
- ENDOCOR GmbH & Co. KG
- Merit Medical Systems Inc.
- Morris Innovative Inc.
- Teleflex Incorporated
- Terumo Medical Corporation (Terumo Corporation)
- Transluminal Technologies LLC
- Vasorum Ltd.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/vascular-closure-devices-market
Vascular Closure Devices Market Trends:
The significance of the aging population in relation to the non vascular closure device market, has been enormous, given that its growth is aided by the increasing use of simple intravascular procedures, augmentation in the number of the elderly as well as mass advancement in technology. This is also in consonance with the enhancement of interventional outcomes and reduction in cost which will necessitate the necessity for appropriate and active vascular closure devices, tantamount to the growing focus of healthcare providers. The market is witnessing a shift towards advanced devices that offer faster hemostasis, reduced complications, and improved patient comfort.
Key Market Segmentation:
Product Insights:
- Passive Approximators
- Collagen Plugs
- Sealant or Gel-Based Devices
- Compression-Assist Devices
- Active Approximators
- Suture-Based Devices
- Clip-Based Devices
- External Hemostatic Devices
Access Insights:
- Femoral Access
- Radial Access
Procedure Insights:
- Interventional Cardiology
- Interventional Radiology/Vascular Surgery
End-User Insights:
- Hospitals
- Ambulatory Surgical Centers
- Others
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
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