Comprehensive Analysis of the Vascular Closure Devices Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What key factors are powering the surge in the vascular closure devices market right now?
The vascular closure devices market has expanded significantly, projected to grow from $1.53 billion in 2024 to $1.63 billion in 2025 at a 6.4% CAGR. The market’s growth is attributed to the rise in minimally invasive procedures, demographic shifts toward an aging population, a preference for shorter recovery times, an increase in catheterization lab procedures, and a focus on outpatient care.
How fast Is the vascular closure devices market expected to grow, and what’s its future value?
The vascular closure devices market is anticipated to grow substantially, reaching $2.11 billion by 2029 at a CAGR of 6.7%. Growth will be fueled by the expansion of ambulatory surgery centers, the shift towards same-day discharge, patient-centric approaches, healthcare cost containment strategies, and the rising incidence of cardiovascular diseases. Key trends include increased adoption of percutaneous coronary intervention, global collaboration in medical research, remote patient monitoring, integration with imaging technologies, and continued advancements in device design.
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What are the leading drivers of growth in the vascular closure devices market?
The vascular closure devices market is anticipated to grow due to the rising instances of cardiovascular diseases. Cardiovascular diseases, or CVDs, are conditions that affect the functionality or structures of the heart or blood vessels, thus impacting the flow of blood to the heart. Vascular closure devices, or VCDs, serve as an alternative to conventional mechanical compression for closing the femoral artery. They facilitate rapid sealing of the site of the femoral artery access site, which could potentially reduce the risk of bleeding or hemorrhage after placement and achieve faster hemostasis. For instance, the Immigration and Checkpoints Authority, a law enforcement agency based in Singapore, reported in June 2023 that deaths due to heart and hypertensive diseases in Singapore rose to 6,884 in 2022 from 6,238 in 2021. Hence, the rising prevalence of cardiovascular diseases is expected to boost the growth of the vascular closure devices market.
Vascular Closure Devices Market Driver: Rising Obesity Rates Expected To Fuel The Vascular Closure Devices Market Growth
What are the key segments defining the vascular closure devices market?
The vascular closure devices market covered in this report is segmented –
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
Subsegments:
1) By Passive Approximators: Suture-Based Devices, Fibrin Sealants
2) By Active Approximators: Mechanical Devices, Expanding Devices
3) By External Hemostatic Devices: Compression Bandages, Adjustable Hemostatic Devices
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Who are the key players steering the development of the vascular closure devices market?
Major companies operating in the vascular closure devices market report are Cardinal Health Inc., Abbott Laboratories, Medtronic PLC, Koninklijke Philips NV, Boston Scientific Corporation, Terumo Corporation, C.R. Bard Inc., Cook Medical Inc., W. L. Gore & Associates Inc., Maquet Getinge Group, Teleflex Inc., BTG International Inc., Biotronik GMBH & CO.KG, Merit Medical System Inc., Vygon SA, Cardiovascular Systems Inc., Sirtex Medical Limited, Endologix LLC, TZ Medical Inc., Cardiva Medical Inc., Essential Medical Inc., KOAG LLC, Morris Innovative Inc., Vasorum Ltd., Scion BioMedical Inc., Z-Media LLC, Advanced Vascular Dynamics, Transluminal Technologies Inc., Tricol Medical Inc.
What emerging trends are influencing the growth of the vascular closure devices market?
Key players in the vascular closure devices market are concentrating on the development of technologies like innovative collapsible disc technology. This technology is designed to improve patient results, decrease recovery times, and increase the overall efficiency and convenience of vascular procedures. The innovative collapsible disc technology is designed to allow a disc to be expanded and collapsed with ease, making it ideal for storage and portability. It can be utilized in a variety of scenarios, including sporting equipment, outdoor gear, or packaging solutions. For example, Haemonetics Corporation, a US-based medical tech company, introduced VASCADE MVP XL in June 2024. It’s a mid-bore vascular closure device with 58% more collagen and a larger disc than its predecessor, the VASCADE MVP system. The design is intended to provide a stronger closure solution, enabling faster recovery and better patient outcomes.
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Which regions are most influential in expanding the vascular closure devices market?
North America was the largest region in the vascular closure devices market in 2024. 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
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