Discover trends, market shifts, and competitive outlooks for the vascular closure devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Vascular Closure Devices Market Expected to Grow Between 2025 And 2029?

The market for vascular closure devices has seen a robust increase in size over the previous years. The growth is projected to rise from $1.53 billion in 2024 to $1.63 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. This substantial growth during the historical period can be tied to an increase in minimally invasive procedures, the aging demographic, patient inclination towards quicker recovery periods, a rise in catheterization lab processes, and a heightened focus on outpatient care.

The market for vascular closure devices is projected to undergo significant expansion in the upcoming years, surging to a value of $2.11 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. The anticipated expansion during the forecast period can be credited to several factors such as the expansion of ambulatory surgery centers, movement towards same-day discharge, focus on patient-centric methods, the drive to contain healthcare costs, and a rising occurrence of cardiovascular diseases. Key trends expected to emerge during this period encompass the uptake of percutaneous coronary intervention, worldwide cooperation in medical research, remote patient care, synergy with imaging technologies, and technological advancements in device design.

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What Are the Major Market Drivers Behind the Rising Adoption of Vascular Closure Devices Market?

The rise in cardiovascular diseases is forecasted to propel the vascular closure devices market’s expansion. Cardiovascular disease, which affects the heart or blood vessels or disrupts blood flow to the heart, is often treated with vascular closure devices. These devices, which can quickly seal off the femoral artery and reduce the risk of post-surgery bleeding, are an alternative to traditional mechanical compression. For example, the Singapore Immigration and Checkpoints Authority reported an increase in deaths from heart and hypertensive diseases from 6,238 in 2021 to 6,884 in 2022. Thus, the vascular closure devices market growth is expected to be fueled by the increasing prevalence of cardiovascular diseases. Vascular Closure Devices Market Driver: The Rise In Obesity Could Fuel The Growth Of The Vascular Closure Devices Market

Which Key Market Segments Comprise the Vascular Closure Devices Market and Drive Its Revenue Growth?

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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Which Areas Are Leading Regions in the Vascular Closure Devices Market Expansion Across the Globe?

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

What Are the Strategic Trends Steering theVascular Closure Devices Market Direction?

Leading firms in the sector of vascular closure devices are concentrating on introducing innovations such as the unique collapsible disc technology, intending to augment patient results, cut down recovery durations, and boost the total effectiveness and simplicity of vascular procedures. This inventive collapsible disc technology incorporates a style enabling a disc to be collapsed and expanded effortlessly for optimal storage and transport. This technology provides increased convenience and adaptability in multiple applications like sporting goods, outdoor equipment, or packaging solutions. For example, Haemonetics Corporation, a medical technology firm based in the US, launched VASCADE MVP XL in June 2024. VASCADE MVP XL, a mid-bore vascular closure product, incorporates 58% additional collagen and a bigger disc than its predecessor, the VASCADE MVP system. The purpose of this design is to offer a more sturdy closure solution, enabling quicker recuperation and enhanced patient results.

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How Is the Vascular Closure Devices Market Conceptually Defined?

A vascular closure device is a medical device that seals the entry point in an artery after a catheterization procedure. These devices are designed to accelerate the natural healing process and minimize the risk of bleeding, hematoma formation, or other complications at the access site.

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