Global large bore vascular closure device market witnessed USD 415.0 million in the year 2017, and is likely to witness significant gains in coming years. The industry is experiencing tremendous gains owing to increasing complexities in the vascular surgeries, rising occurrences of cardiovascular diseases as well as increasing obesity among the individuals as well as kids. Further, increasing old aged population in several regions, changing lifestyles of people, increasing preference for ready to cook food items available in the market, high demand for frozen food items containing preservatives, decrease in home cooking owing to lack of work life balance among the individuals, lack of time as well as surging inclination towards consumption of fast food, are the major factors fueling the growth of global large bore vascular closure device market over the forecast timeframe.
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Further growing complexities based on the hemostasis procedure along with high demand for vascular devices are also the factors that play a major role in growth of global large bore vascular closure device market. Also, advantages of these devices such as reduction in complications as well as help in achieving hemostasis rapidly are creating opportunities for the growth of global large bore vascular closure device market through the coming years.
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Moreover, increasing technological advancements as well as rising adoption of several technologies in the medical sector, along with rise in the expenditure across healthcare industries especially for research and development activities is the major factors fueling the growth of global large bore vascular closure device market over the forecast timeframe.
Based on the product spectrum, active closure devices segment in the global large bore vascular closure device market captured revenues worth USD 262.5 million and is expected to witness a CAGR growth of 9.5% during the forecast period, hence altogether contributing to the growth of large bore vascular closure device market
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Key players within the global large bore vascular closure device industry include Abbott, Teleflex Incorporated, ESSENTIAL MEDICAL, INC, InSeal Medical, Terumo Medical Corporation, Transluminal Technologies, Vasorum Ltd., and Cardinal among others. Market players are introducing and marketing new advanced and innovative vascular closure devices. For instance, in 2018, Vivasure Medical, a leading European medical device company, announced the launch of PerQseal closure device for large bore transcatheter procedures which is a fully synthetic implant for large bore arterial procedures. Launches such as these as well as increasing prevalence of CVDs are anticipated to augment the growth of the global large bore vascular closure devices over the next few years.
Table of Content:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Large Bore Vascular Closure Devices Overview, By Product
Chapter 5. Large Bore Vascular Closure Devices Overview, By Application
Chapter 6. Large Bore Vascular Closure Devices Market Overview, By Region
Chapter 7. Company Profiles
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