Vascular Closure Systems Market size was valued at USD 935.58 Million in 2022 and is projected to reach USD 1691.32 Million by 2030, growing at a CAGR of 6.80% from 2023 to 2030.
The vascular closure systems market refers to the global market for medical devices used to achieve hemostasis (stop bleeding) and close the puncture site in the artery following an invasive cardiovascular procedure. These procedures include cardiac catheterization, angioplasty, and percutaneous coronary intervention (PCI). Vascular closure systems offer advantages over traditional manual compression by reducing the time to achieve hemostasis, minimizing patient discomfort, and improving patient outcomes.
The market for vascular closure systems has witnessed significant growth in recent years due to several factors. One of the key drivers is the increasing prevalence of cardiovascular diseases, leading to a rise in the number of invasive procedures. Additionally, technological advancements in closure devices, such as the development of bioresorbable and suture-mediated closure systems, have improved safety and efficacy, further fueling market growth.
Vascular Closure Systems Market key trends
Minimally Invasive Procedures: The increasing preference for minimally invasive procedures in the field of interventional cardiology has been a key trend in the vascular closure systems market. These procedures offer several advantages, including shorter recovery times, reduced hospital stays, and lower risks of complications. Vascular closure systems play a crucial role in achieving efficient hemostasis and quick patient ambulation after these procedures.
Technological Advancements: The market has witnessed continuous technological advancements in vascular closure systems. Manufacturers are focusing on developing innovative closure devices that provide improved safety, efficacy, and patient comfort. For example, the introduction of bioresorbable closure devices that dissolve naturally in the body after the healing process eliminates the need for device removal, reducing patient discomfort.
Growing Demand for Hemostasis Efficiency: There is a growing demand for vascular closure systems that offer rapid and effective hemostasis. Healthcare professionals and patients alike seek closure devices that can achieve reliable hemostasis quickly, minimizing the risk of bleeding complications and reducing the time required for patient bed rest.
Increasing Prevalence of Cardiovascular Diseases: The rising prevalence of cardiovascular diseases, such as coronary artery disease and peripheral artery disease, is driving the demand for vascular closure systems. As the number of invasive cardiovascular procedures continues to rise, the need for efficient and reliable closure devices to achieve hemostasis and prevent post-procedural complications becomes paramount.
Shift towards Ambulatory Surgical Centers: There is a notable shift in cardiovascular procedures from traditional hospital settings to ambulatory surgical centers (ASCs). ASCs offer convenience, cost-effectiveness, and faster patient turnover. Vascular closure systems that facilitate quick patient recovery and ambulation align well with the requirements of ASCs, driving their adoption in these settings.
Increasing Focus on Outpatient Care: The trend towards outpatient care is gaining momentum in healthcare. Patients prefer shorter hospital stays and outpatient procedures whenever possible. Vascular closure systems that allow for efficient hemostasis and facilitate early patient discharge align with the growing emphasis on outpatient care, leading to increased adoption of these systems.
Rising Adoption of Radial Artery Access: Radial artery access for cardiac catheterization and intervention procedures is gaining popularity over femoral artery access due to its lower risk of bleeding complications and improved patient comfort. Vascular closure systems specifically designed for radial access procedures are witnessing increased demand, driving market growth.
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Market Segmentations:
Global Vascular Closure Systems Market: By Company
• Abbott Laboratories
• Abbott
• Vascular Solutions
• Essential Medical
• InSeal Medical
• Medeon Biodesign
• Morrris Innovative
• Transluminal Technologies
• Vasorum
• Cardinal Health
• Cardiva Medical
• Endocor
Global Vascular Closure Systems Market: By Type
• Vascular Closure Devices
• Sealant and Suture
• Others
Global Vascular Closure Systems Market: By Application
• Hospitals
• Clinics
• Others
Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Vascular Closure Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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