Market Overview:
The global large bore vascular closure system market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in closure devices, and rising demand for minimally invasive procedures. The active closure devices segment is expected to dominate the global large bore vascular closure system market during the forecast period. This can be attributed to the advantages offered by these devices such as rapid deployment time and low risk of thrombosis. The femoral arterial application segment is expected to account for a majority share of the global large bore vascular closure system market during the forecast period. This can be attributed to factors such as growing preference for minimally invasive procedures and rising incidence of cardiovascular diseases across regions.
Product Definition:
Large Bore Vascular Closure System is a device that helps to close the opening in a blood vessel. It is used to close large bore vessels such as veins and arteries. The importance of Large Bore Vascular Closure System is that it helps to reduce the risk of bleeding and other complications associated with closing large bore vessels.
Active Closure Devices:
Active closure devices, also known as vascular closure devices or endovascular closing system is a method of treating blocked blood vessels by sealing the damaged area with an adhesive material. The treatment aims to reduce the blood flow and prevent coagulation within the vessel. It is mainly used for large bores such as femoral, popliteal, tibial & gastric veins.
Passive Closure Devices:
Passive Closure Devices are used to impede blood flow in the event of a vascular injury. They consist of two components, namely the occlusive material and an elastic sheath that encompasses the material. The occlusive material is selected on the basis of its ability to create a seal around desired body parts and prevent entry of external contaminants such as air or liquid into said parts.
Application Insights:
The application segment includes femoral artery, transradial artery and others. The transradial artery is used for treating conditions such as limb occlusion due to atherosclerosis or thrombosis in arteries that supply the leg. In 2017, the femoral artery closure segment held around 60% of the overall market share and is expected to continue its dominance over the forecast period. This can be attributed to various factors such as availability of advanced products with improved technology; increasing prevalence of cardiovascular diseases; rising number of surgeries performed using large bore vascular closure devices; high demand for minimally invasive surgeries among other factors.
Femoral arterial applications include treatment of abdominal aortic aneurysm (AAA), dilation/occlusion AAA repair.
Regional Analysis:
North America dominated the global large bore vascular closure system market in 2017. This can be attributed to favorable reimbursement policies, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region as compared to other regions. The U.S is one of the most developed nations when it comes to healthcare and medical research, which has resulted in a higher number of clinical trials being conducted within its borders.
Asia Pacific is expected to grow at an exponential rate throughout the forecast period owing to increasing government initiatives for improving public health systems along with rising patient disposable income levels that are enabling them access better quality treatment options than before.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Technological advancements in Large Bore Vascular Closure System market
- Growing demand for minimally invasive surgeries
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Large Bore Vascular Closure System Market Research Report
By Type
Active Closure Devices, Passive Closure Devices
By Application
Femoral Arterial, Transradial Arterial
By Companies
Abbott Laboratories, Abbott, Vascular Solutions, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vasorum, Cardinal Health, Abbott Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Large Bore Vascular Closure System Market Report Segments:
The global Large Bore Vascular Closure System market is segmented on the basis of:
Types
Active Closure Devices, Passive Closure Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Femoral Arterial, Transradial Arterial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Laboratories
- Abbott
- Vascular Solutions
- Essential Medical
- InSeal Medical
- Medeon Biodesign
- Morrris Innovative
- Transluminal Technologies
- Vasorum
- Cardinal Health
- Abbott Laboratories
Highlights of The Large Bore Vascular Closure System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Closure Devices
- Passive Closure Devices
- By Application:
- Femoral Arterial
- Transradial Arterial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Large Bore Vascular Closure System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Large Bore Vascular Closure System is a medical device that helps to close large veins in the body. This system is often used to treat varicose veins, spider veins, and other types of vein problems.
Some of the key players operating in the large bore vascular closure system market are Abbott Laboratories, Abbott, Vascular Solutions, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vasorum, Cardinal Health, Abbott Laboratories.
The large bore vascular closure system market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Large Bore Vascular Closure System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Large Bore Vascular Closure System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Large Bore Vascular Closure System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Large Bore Vascular Closure System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Large Bore Vascular Closure System Market Size & Forecast, 2018-2028
4.5.1 Large Bore Vascular Closure System Market Size and Y-o-Y Growth
4.5.2 Large Bore Vascular Closure System Market Absolute $ Opportunity
Chapter 5 Global Large Bore Vascular Closure System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Large Bore Vascular Closure System Market Size Forecast by Type
5.2.1 Active Closure Devices
5.2.2 Passive Closure Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Large Bore Vascular Closure System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Large Bore Vascular Closure System Market Size Forecast by Applications
6.2.1 Femoral Arterial
6.2.2 Transradial Arterial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Large Bore Vascular Closure System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Large Bore Vascular Closure System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Large Bore Vascular Closure System Analysis and Forecast
9.1 Introduction
9.2 North America Large Bore Vascular Closure System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Large Bore Vascular Closure System Market Size Forecast by Type
9.6.1 Active Closure Devices
9.6.2 Passive Closure Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Large Bore Vascular Closure System Market Size Forecast by Applications
9.10.1 Femoral Arterial
9.10.2 Transradial Arterial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Large Bore Vascular Closure System Analysis and Forecast
10.1 Introduction
10.2 Europe Large Bore Vascular Closure System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Large Bore Vascular Closure System Market Size Forecast by Type
10.6.1 Active Closure Devices
10.6.2 Passive Closure Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Large Bore Vascular Closure System Market Size Forecast by Applications
10.10.1 Femoral Arterial
10.10.2 Transradial Arterial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Large Bore Vascular Closure System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Large Bore Vascular Closure System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Large Bore Vascular Closure System Market Size Forecast by Type
11.6.1 Active Closure Devices
11.6.2 Passive Closure Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Large Bore Vascular Closure System Market Size Forecast by Applications
11.10.1 Femoral Arterial
11.10.2 Transradial Arterial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Large Bore Vascular Closure System Analysis and Forecast
12.1 Introduction
12.2 Latin America Large Bore Vascular Closure System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Large Bore Vascular Closure System Market Size Forecast by Type
12.6.1 Active Closure Devices
12.6.2 Passive Closure Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Large Bore Vascular Closure System Market Size Forecast by Applications
12.10.1 Femoral Arterial
12.10.2 Transradial Arterial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Large Bore Vascular Closure System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Large Bore Vascular Closure System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Large Bore Vascular Closure System Market Size Forecast by Type
13.6.1 Active Closure Devices
13.6.2 Passive Closure Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Large Bore Vascular Closure System Market Size Forecast by Applications
13.10.1 Femoral Arterial
13.10.2 Transradial Arterial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Large Bore Vascular Closure System Market: Competitive Dashboard
14.2 Global Large Bore Vascular Closure System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 Abbott
14.3.3 Vascular Solutions
14.3.4 Essential Medical
14.3.5 InSeal Medical
14.3.6 Medeon Biodesign
14.3.7 Morrris Innovative
14.3.8 Transluminal Technologies
14.3.9 Vasorum
14.3.10 Cardinal Health
14.3.11 Abbott Laboratories
