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Vascular Closure Devices Market Estimated to Garner around US$ 1440.3 Million by 2025 | CAGR: 6.1%: Coherent Market Insights

October 19th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The global vascular closure devices market, by product type (Passive Vascular Closure Devices, Active Vascular Closure Devices, and External Hemostatic Devices), by access (Femoral and Radial), by hole size (Small Hole and Large Hole), by end-user (Hospitals, Ambulatory Surgical Centers, and Others) and by region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa), was assessed at US$ 848.2 million in 2016 and is anticipated to grow significantly over the forecast period (2017-2025), registering a CAGR of 6.1%. 

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/1330

Multiple approvals and launches of novel innovative devices is expected to foster the global vascular closure devices market growth in the upcoming years. In 2016, Essential Medical, Inc., received the CE Mark approval for its product MANTA, a bore vascular closure device. In 2016, Vasorum Ltd. received the U.S. Food and Drug Administration (FDA) approval for its proprietary vascular closure device, known as Celt ACD. Furthermore, in 2014, Cardinal Health received the U.S. FDA approval for the MynxGrip vascular closure device, which is extensively employed for the closure of femoral veins.

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Key Takeaways of the Global Vascular Closure Devices Market:

  • North America is expected to witness rampant market growth in the global vascular closure devices market over the forecast timeline, owing to the emergence of novel vascular closure devices in the region.
  • Mergers and acquisitions (M&A) and collaborations are some of the most effective business growth strategies the leading companies in this market have consistently been adopting.
  • The well-known players operating in the global vascular closure devices market include Abbott Laboratories, Medtronic Plc, Transluminal Technologies LLC, Cardinal Health, Inc., Cardiva Medical, Inc., Terumo Corporation, Essential Medical, Inc., Vascular Closure Systems, Inc., Vivasure Medical Ltd., Vasorum Ltd., and Morris Innovative Inc.

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  • The key market players are focused on acquiring global businesses in the vascular closure device segment in order to strengthen their product portfolios and extend their geographical reach across the global market.
  • In January 2017, Terumo Corporation acquired some of vascular closure products owned by Abbott and St. Jude Medical, Inc. for a total amount of US$ 1.12 billion. The acquired product portfolio includes St Jude Medical’s Angio-Seal and FemoSeal vascular closure product lines, along with Abbott’s Vado Steerable Sheath.
  • In the same year, Abbott Laboratories acquired St. Jude Medical, Inc. in an effort to gain a competitive edge in the global vascular closure devices market.
  • In 2014, Cardinal Health Inc. acquired AccessClosure Inc. for a sum of US$ 320 million, in order to expand its vascular closure device product portfolio.
  • In 2017, Teleflex Incorporated acquired Vascular Solutions, Inc. to expand its vascular closure device product portfolio.

Other Related Reports:

Neurovascular Devices Market, by Device Type (Embolization Coils (Platinum Coils, Coated Platinum Coils, and Liquid Embolic Coils), Neurovascular Stents (Carotid Artery Stents and Flow Diversion Stents), Neurothrombectomy Devices (Clot Retrievers, Aspiration/ Suction Devices, and Vascular Snares), Embolic Protection Devices (Distal Filter Devices and Balloon Occlusion Devices), and Neurovascular Supporting Devices (Microcatheters and Microguidewires)), By Therapeutic Application (Cerebral Aneurysms, Ischemic Stroke, Cerebral Artery Stenosis, Arteriovenous Malformations (AVMs) and AV Fistulas, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Angiostomy Cannula Market, by Type (Cardiac Cannula, Vascular Cannula, Arthroscopy Cannula, Dermatology Cannula, Nasal Cannula, Floating Spinal Cannula, Vitreoretinal Cannula, and Hysterosalpingography Cannula), By Application (Cardiovascular Surgery, Oxygen Therapy, Orthopedic Surgery, Diabetes Treatment, Neurology, General Surgery, and Cosmetic/Plastic Surgery), By End User (Hospital, Ambulatory Surgical Centers, Blood Banks, and Home Healthcare Facilities), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Phased Array Ultrasonic Transducer Market, by Type (Linear Array, Annular Array, and Circular Array), By Application (Cardiovascular, Neurological, Renal, Gynecology, and Others), By End User (Hospitals, Specialty Clinics, and Academic and Research Institutes, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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