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How has the arteriotomy closure devices market size evolved in recent years?

In the past few years, there has been significant growth in the market size of arteriotomy closure devices. It is projected to escalate from a value of $1.61 billion in 2024 to $1.73 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.3%. This expansion over the historic period is due to factors like the surge in minimally invasive surgeries, a mounting prevalence of heart-related diseases, increased usage of catheterization processes, a rising aging populace, and the demand for faster recovery periods.

What are the predictions for the arteriotomy closure devices market size in the coming years?

Expectations are high for robust growth in the arteriotomy closure devices market in the coming years, with its value predicted to reach $2.26 billion in 2029, offering a compound annual growth rate (CAGR) of 7.0%. This expected increase during the forecast period is linked to factors such as the rising occurrence of atherosclerosis, the escalating count of coronary artery diseases, enhanced focus on the safety and comfort of patients, the expansion of healthcare facilities in emerging markets, and increasing demand for ambulatory surgical centres. The forecast period also foresees significant trends including the utilization of minimally invasive procedures, the use of bioresorbable materials, the incorporation of automation in closure procedures, advancements in procedural efficiency, and innovation in closure devices for major arterial punctures.

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What key factors are fueling the growth of the arteriotomy closure devices market?

The upswing in the incidence of cardiovascular diseases (CVDs) is anticipated to boost the arteriotomy closure devices market’s expansion in the future. Cardiovascular diseases encompass a spectrum of disorders impacting the heart and blood vessels. The surge in the occurrence of CVDs is primarily attributed to escalating levels of risk factors, for instance, unhealthy eating habits, lack of physical activity, obesity, and the aging population. Arteriotomy closure devices play a crucial role in treating cardiovascular conditions because they swiftly and securely seal arterial puncture sites, minimizing complications and enhancing recovery after interventions like angioplasties and catheterizations. For example, in September 2024, as stated by the British Heart Foundation, a cardiovascular research charity based in the UK, about 7.6 million people, including 4 million men and 3.6 million women, are currently battling heart and circulatory diseases in the UK. This count is projected to hike by 1 million by 2030, and by 2040, it might escalate to 2 million above the existing numbers. Hence, the rise in the incidence of cardiovascular diseases (CVDs) is fueling the expansion of the arteriotomy closure devices market.

How is the global arteriotomy closure devices market divided into key segments?

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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Who are the key firms paving the way for growth in the arteriotomy closure devices market?

Major companies operating in the arteriotomy closure devices market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic PLC, Terumo Corporation, Teleflex Incorporated, Cook Medical Incorporated, Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Haemonetics Corporation, Cordis Corporation, Asahi Intecc Co. Ltd., LeMaitre Vascular Inc., Cardiva Medical Inc., AccessClosure Inc., Vasorum Limited, Invamed (Pty) Ltd., Artio Medical Inc., SUTUREGARD Medical Inc., Vivasure Medical

Which trends are expected to transform the arteriotomy closure devices market?

Leading companies in the arteriotomy closure devices market are focusing on product improvement in order to increase the efficiency of procedures, enhance patient results, and cater to the growing demand for minimally invasive vascular access solutions. A mid-bore venous closure device, a medical equipment specifically designed to seal venous access spots made by medium-sized catheters or sheaths, facilitates blood clotting and assists in patient recovery following intervention procedures. For instance, Haemonetics Corp, a US healthcare firm, extended its VASCADE series with the intro of VASCADE MVP XL mid-bore venous closure device in June 2024. This device, customized for larger sheaths (10-12F, max 15F outer diameter) employed in procedures such as cryoablation, includes 58% extra collagen and a bigger collapsible disc to accelerate hemostasis. This innovation, which supplements Haemonetics’ current range of small-and mid-bore vascular closure solutions, underlines the firm’s supremacy in sophisticated closure technologies.

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What regions are contributing significantly to the growth of 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.

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