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What is the Projected CAGR for the Arteriotomy Closure Devices Market Size from 2025 to 2034?

Over the past few years, the arteriotomy closure devices market has witnessed sturdy growth. The market size is expected to escalate from $1.61 billion in 2024 to $1.73 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.3%. This growth observed in the historic period is due to several factors. The factors include an uptick in minimally invasive surgical procedures, growing instances of cardiovascular disorders, increased use of catheterization processes, a rise in the elderly population, and heightened demand for faster recovery durations.

Anticipations are high for the arteriotomy closure devices market, with substantial growth projected in the coming years. Expected to reach a value of $2.26 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.0%, the market is being driven by several factors. The increase in atherosclerosis cases, the growing prevalence of coronary artery diseases, heightened emphasis on patient safety and comfort, expanding healthcare frameworks in developing countries, and the escalating demand for ambulatory surgical centres all play a role in this growth. Forecasts for the period show key trends such as minimal invasion techniques, use of bioresorbable materials, automation integration within closure procedures, enhancements in procedural efficiency, and cutting-edge improvements in closure devices for substantial arterial punctures.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Arteriotomy Closure Devices Market?

The surge in incidences of cardiovascular diseases (CVDs) is likely to fuel the expansion of the arteriotomy closure devices market in the future. CVDs encompass a range of disorders impacting the heart and blood vessels. This surge is primarily attributable to the escalating instances of risk factors like unhealthy eating habits, lack of physical activity, and obesity, compounded by an ageing population. Arteriotomy closure devices play a critical role in managing cardiovascular conditions as they swiftly and securely seal arterial puncture sites, cutting down complications, and expediting recovery after procedures such as angioplasties and catheterizations. To illustrate, the British Heart Foundation, a UK-based cardiovascular research charity, reported in September 2024 that around 7.6 million individuals in the UK, including 4 million men and 3.6 million women are suffering from heart and circulatory diseases. By 2030, this tally could see a surge of 1 million, and by 2040, it could escalate by another 2 million more than the current numbers. Consequently, the rising prevalence of cardiovascular diseases (CVDs) is catalyzing the growth of the arteriotomy closure devices market.

Which Segments in the Arteriotomy Closure Devices Offer the Most Growth?

The arteriotomy closure devices market covered in this report is segmented –

1) By Product: Active Closure Devices, Passive Closure Devices

2) By Application: Femoral Arterial Access Procedures, Radial Arterial Access Procedures

3) By End User: Hospitals, Ambulatory Care Centers, Other End Users

Subsegments:

1) By Active Closure Devices: Suture-Based Devices, Staple-Based Devices, Vascular Closure Devices With Collagen Or Hemostatic Agents, Balloon-Based Devices

2) By Passive Closure Devices: Compression Devices, Hemostatic Patches Or Sponges, Vascular Plugs Or Plugs

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What Are the Fastest-Growing Geographies in the Arteriotomy Closure Devices Market?

North America was the largest region in the arteriotomy closure devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arteriotomy closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Current Market Growth and Trends in the Arteriotomy Closure Devices Industry?

To enhance operational efficiency, improve patient results, and satisfy the increasing need for minimally invasive vascular access solutions, key players in the arteriotomy closure devices market are focusing on product innovation. A mid-bore venous closure device, which is a medical tool created to seal venous access sites made by mid-sized catheters or sheaths, assists with patient recovery after interventional procedures by encouraging hemostasis. For example, in June 2024, Haemonetics Corp, a healthcare company based in the US, broadened its VASCADE range by introducing the VASCADE MVP XL mid-bore venous closure device. This device, specifically designed for larger sheaths employed in procedures such as cryoablation, integrates a larger collapsible disc and 58% more collagen to attain quick hemostasis. This latest addition to Haemonetics’ existing range of small- and mid-bore vascular closure solutions highlights the company’s expertise in advanced closure technologies.

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What Are the Key Elements That Define the Arteriotomy Closure Devices Market?

An arteriotomy closure device (ACD) is a medical device designed to seal the puncture site in an artery following procedures such as catheterization or angiography. It facilitates hemostasis by closing the arterial opening, reducing bleeding risks, and promoting faster recovery compared to manual compression methods. ACDs are commonly used in minimally invasive vascular procedures to enhance patient safety and procedural efficiency.

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