The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Vascular Closure Devices Global Market Report 2024, the vascular closure devices market is expected to show significant growth in the forecast period.

• Market Overview: Strong growth projected in recent years.
• Market Size: $1.42 billion in 2023 to $1.53 billion in 2024.
• Factors Driving Growth:
  • Minimally invasive procedures
  • Aging population demographics
  • Patient preference for shorter recovery times
  • Increased catheterization lab procedures
  • Focus on outpatient care

Forecasted Growth and Trends

• Projected Growth: $1.97 billion in 2028, CAGR of 6.4%.
• Factors Driving Future Growth:
  • Rise in ambulatory surgery centers
  • Shift toward same-day discharge
  • Patient-centric approaches
  • Healthcare cost containment initiatives
  • Increasing incidence of cardiovascular diseases
• Major Trends:
  • Adoption of percutaneous coronary intervention
  • Global collaboration in medical research
  • Remote patient monitoring
  • Integration with imaging technologies
  • Technological innovations in device design

View More On The Vascular Closure Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/vascular-closure-devices-global-market-report

Innovative Vascular Closure Devices Such As Azur Vascular Plug Enhance Market Competitiveness

• Introduction of Innovative Products: AZUR Vascular Plug by major companies.
• Product Features:
  • Self-expanding nitinol wire mesh
  • Designed for peripheral vascular embolization
  • Short deployment length for precision
  • Compatible with microcatheter
  • Inner composite membrane for mechanical occlusion

Haemonetics’ Acquisition Of Cardiva Medical Expands Vascular Closure Device Portfolio

• Acquisition Details: Haemonetics Corporation acquiring Cardiva Medical, Inc. for $510 million.
• Objective: Expand Haemonetics’ operations and revenue growth.
• Impact on Market: Access to Cardiva’s vascular closure systems.

Market Segmentation

• By Type:
  • Passive Approximators
  • Active Approximators
  • External Hemostatic Devices
• By Access:
  • Femoral Access
  • Radial Access
• By End User:
  • Acute Care Facilities
  • Hospitals
  • Clinics
  • Other End Users

Regional Insights

• North America: Largest region in 2023.
• Asia Pacific: Expected to be the fastest-growing region.

In conclusion, the vascular closure devices market is witnessing significant growth, driven by factors like the increasing prevalence of cardiovascular diseases, technological advancements, and strategic acquisitions. The forecasted growth trajectory and major trends indicate a promising future for the market, with innovation and expansion strategies shaping its competitive landscape. As healthcare systems continue to prioritize efficiency and patient-centric care, the demand for advanced vascular closure devices is expected to remain robust, particularly in regions with evolving healthcare infrastructures like Asia Pacific.

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