Market Overview:
The global vascular closure systems market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing incidence of cardiovascular diseases, technological advancements in vascular closure devices, and rising demand for minimally invasive surgeries. Based on type, the global vascular closure systems market is segmented into vascular closure devices, sealant and suture, and others. The vascular closure devices segment accounted for the largest share of the global market in 2017. This segment is projected to grow at a CAGR of 7.8% from 2018 to 2030 due to the increasing demand for minimally invasive surgeries and technological advancements in this category of devices. Based on application, the global vascular closure systems market is divided into hospitals, clinics, and others segments. The hospitals segment accounted for the largest share of the global market in 2017 owing to an increase in number of surgical procedures performed annually in this setting across all regions studied herein.
Product Definition:
A vascular closure system is a medical device that is used to close a hole in a blood vessel. The device is typically made of metal and mesh and it is inserted into the hole in the blood vessel. The mesh then anchors to the tissue around the hole, which helps to seal it shut.
Vascular Closure Devices:
Vascular closure devices are used to close damaged blood vessels and prevent bleeding. They can be used in various procedures such as angioplasty, cardiac surgery, vascular surgery, etc. The growth factor for the market is based on the usage of these products during cardiovascular surgeries. Vascular closure devices have gained popularity due to their ability to reduce post-operative complications and improve patient recovery time by decreasing hemorrhage rate & transfusion requirement.
Sealant and Suture:
Sealant and suture are used in vascular closure systems. These products are synthetic materials that act as a scaffold to hold the endothelial cells in place while the tissue repairs itself. The most commonly used sealants include collagen-based, fibrin, and rubber-based sealants.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and other medical facilities, and others. The hospitals segment dominated the overall market in terms of revenue in 2017 owing to increasing cases of chronic diseases such as heart diseases, blood clots and stroke. Moreover, a rise in geriatric population across the world has increased demand for surgeries that require closure of arteries or veins. This factor is anticipated to drive growth over the forecast period.
The clinics & other medical facilities segment are expected to grow at a lucrative rate during the forecast period due to rising awareness about early diagnosis & treatment among consumers as well as healthcare providers globally which has resulted in increased usage of vascular closure systems among them.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing prevalence of cardiovascular diseases, growing geriatric population, and availability of advanced healthcare facilities. Moreover, high adoption rate of innovative technologies and presence of major vascular closure systems manufacturers also contributed toward the growth. In addition, favorable reimbursement policies for VASC devices are expected to boost the regional market during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income coupled with improving healthcare infrastructure in emerging countries such as China and India. Growing medical tourism industry is also expected to drive demand for VASC closure systems in this region during future years. Furthermore, supportive government initiatives pertaining from reimbursement policies towards minimally invasive surgeries are further anticipated fuel regional growth over next eight years till 2030 time frame).
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Technological advancements in vascular closure systems
- Growing demand for minimally invasive surgeries (MIS)
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Vascular Closure Systems Market Research Report
By Type
Vascular Closure Devices, Sealant and Suture, Others
By Application
Hospitals, Clinics, Others
By Companies
Abbott Laboratories, Abbott, Vascular Solutions, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vasorum, Cardinal Health, Abbott Laboratories, Endocor
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Vascular Closure Systems Market Report Segments:
The global Vascular Closure Systems market is segmented on the basis of:
Types
Vascular Closure Devices, Sealant and Suture, Others
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
Hospitals, Clinics, Others
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
- Endocor
Highlights of The Vascular Closure Systems 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:
- Vascular Closure Devices
- Sealant and Suture
- Others
- By Application:
- Hospitals
- Clinics
- Others
- 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 Vascular Closure Systems 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 vascular closure system is a medical device that helps to close off blood vessels. This can help to prevent blood from flowing out of the body in an uncontrolled manner, which can lead to serious health complications.
Some of the key players operating in the vascular closure systems market are Abbott Laboratories, Abbott, Vascular Solutions, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vasorum, Cardinal Health, Abbott Laboratories, Endocor.
The vascular closure systems market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vascular Closure Systems 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 Vascular Closure Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vascular Closure Systems 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 Vascular Closure Systems 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 Vascular Closure Systems Market Size & Forecast, 2018-2028
4.5.1 Vascular Closure Systems Market Size and Y-o-Y Growth
4.5.2 Vascular Closure Systems Market Absolute $ Opportunity
Chapter 5 Global Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Type
5.2.1 Vascular Closure Devices
5.2.2 Sealant and Suture
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vascular Closure Systems 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 Vascular Closure Systems 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 Vascular Closure Systems Analysis and Forecast
9.1 Introduction
9.2 North America Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Type
9.6.1 Vascular Closure Devices
9.6.2 Sealant and Suture
9.6.3 Others
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 Vascular Closure Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Vascular Closure Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Type
10.6.1 Vascular Closure Devices
10.6.2 Sealant and Suture
10.6.3 Others
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 Vascular Closure Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Vascular Closure Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Type
11.6.1 Vascular Closure Devices
11.6.2 Sealant and Suture
11.6.3 Others
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 Vascular Closure Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Vascular Closure Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Vascular Closure Systems 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 Vascular Closure Systems Market Size Forecast by Type
12.6.1 Vascular Closure Devices
12.6.2 Sealant and Suture
12.6.3 Others
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 Vascular Closure Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Vascular Closure Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vascular Closure Systems 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) Vascular Closure Systems Market Size Forecast by Type
13.6.1 Vascular Closure Devices
13.6.2 Sealant and Suture
13.6.3 Others
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) Vascular Closure Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Vascular Closure Systems Market: Competitive Dashboard
14.2 Global Vascular Closure Systems 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
14.3.12 Endocor
