United States Vascular Closure Devices Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.92% (2024-2032)
The U.S. market for vascular closure devices is growing steadily. This growth comes from more minimally invasive procedures. There is also a demand for faster and better hemostasis systems. According to the latest report by IMARC Group, the United States vascular closure devices market size is projected to exhibit a growth rate (CAGR) of 6.92% during 2024-2032.
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United States Vascular Closure Devices Industry Trends and Drivers:
The market for vascular closure devices (VCDs) in the U.S. has experienced rapid growth in recent years. This rise is due to better technology, more cases of heart disease, and a shift to less invasive surgeries. Vascular closure devices stop bleeding at puncture sites. Healthcare professionals use them after diagnostic or catheterization procedures. They offer benefits like less bleeding, quicker recovery, and more comfort for patients. This is better than older manual compression methods. New products drive the market. These range from passive to active closure devices. They meet various clinical needs. Collagen plugs and sealants are passive devices. They promote natural clotting, which helps with haemostasis. Active devices block the arterial puncture through mechanical means. These include various suture-based systems. Outpatient surgery and same-day discharge policies increase the use of VCDs. These devices help patients walk and shorten their hospital stays. More elderly people in the U.S. means more patients need invasive treatments. This includes those with conditions like peripheral artery disease and coronary artery disease. This surge has fuelled market growth. Challenges to widespread acceptance include the high cost of devices. There are also possible complications.
These can range from minor injuries to serious issues like infections or occlusions. Research is ongoing to make these devices safer and more effective. Analysts expect market revenue to rise soon. A key trend shaping the U.S. VCD market is the shift to patient-centric care. New technologies are driving this trend. Examples include bioabsorbable materials and real-time imaging systems. Bioabsorbable VCDs dissolve in the body after they stop bleeding. They are gaining popularity. This is because they reduce long-term issues and discomfort from device removal. This innovation aligns with the healthcare trend. It aims to reduce patient discomfort and improve outcomes. Now, medical professionals use imaging technologies like ultrasound and fluoroscopy for vascular closure. This reduces worries about mistakes and accuracy. It also boosts the physician's confidence in using them. The market is seeing many strategic partnerships and mergers. Key players are teaming up to enhance their product lines. They want to use each other's strengths to grow. Medical device companies and health providers work together. They create custom solutions for specific clinical challenges. More ambulatory surgical canters and specialty clinics are using VCDs. This opens up new growth opportunities in the market.
Our comprehensive United States vascular closure devices market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.
United States Vascular Closure Devices Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Passive Approximators
- Collagen Plugs
- Sealant or Gel-Based Devices
- Compression-Assist Devices
- Active Approximators
- Suture-Based Devices
- Clip-Based Devices
- External Haemostatic Devices
Access Insights:
- Femoral Access
- Radial Access
Procedure Insights:
- Interventional Cardiology
- Interventional Radiology/Vascular Surgery
End User Insights:
- Hospitals
- Ambulatory Surgical Centres
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined, along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
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