2024 Global Vascular Closure Devices Market Report: Key Drivers, Size, and Leading Segments
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What is the Expected Growth Rate of the Vascular Closure Devices Market from 2024 to 2033?
The vascular closure devices market, projected to increase from $1.42 billion in 2023 to $1.53 billion in 2024 with a CAGR of 7.6%, benefits from minimally invasive procedures and an aging population.
The vascular closure devices market is expected to grow to $1.97 billion by 2028, at a CAGR of 6.4%. This growth is attributed to the rise of ambulatory surgery centers, the shift towards same-day discharge, patient-centric care, healthcare cost containment efforts, and the increasing prevalence of cardiovascular diseases. Trends include the adoption of percutaneous coronary interventions, global collaboration in research, remote patient monitoring, integration with imaging technologies, and innovations in device design.
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What Key Factors Are Fueling the Growth of the Vascular Closure Devices Market?
The rising prevalence of cardiovascular diseases is expected to boost the growth of the vascular closure devices market. Cardiovascular disease impacts the heart and blood vessels, and vascular closure devices are used to close femoral arteries after procedures, reducing the risk of complications. According to Singapore’s Immigration and Checkpoints Authority, deaths from heart and hypertensive diseases rose from 6,238 in 2021 to 6,884 in 2022. The increasing cardiovascular disease rate will drive demand for vascular closure devices.
What Are the Major Segments of the Vascular Closure Devices Market?
1) By Type: Passive Approximators, Active Approximators, External Hemostatic Devices
2) By Access: Femoral Access, Radial Access
3) By End User: Acute Care Facilities, Hospitals, Clinics, Other End Users
What New Trends Are Transforming the Vascular Closure Devices Market?
Companies in the vascular closure devices market are innovating with products like the AZUR Vascular Plug to improve market profitability. The AZUR Vascular Plug is a self-expanding nitinol wire mesh device designed to block blood vessels. In July 2021, Terumo Medical Corporation launched the AZUR Vascular Plug for peripheral vascular embolization, which can occlude arteries up to 8 mm in diameter. It is compatible with a microcatheter and helps to slow or stop blood flow in peripheral vasculature.
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Which Regions Are Driving Growth in the Vascular Closure Devices Market?
North America was the largest region in the vascular closure devices market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Vascular Closure Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the vascular closure devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Vascular Closure Devices Market Include
1. Vascular Closure Devices Market Executive Summary
2. Vascular Closure Devices Market Segments
3. Vascular Closure Devices Market Size And Template Market Growth Rate
4. Key Vascular Closure Devices Market Trends
5. Major Vascular Closure Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Vascular Closure Devices Market
26. Top Vascular Closure Devices Companies
27. Vascular Closure Devices Market Opportunities And Strategies
28. Vascular Closure Devices Market, Conclusions And Recommendations
29. Appendix
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