Large Bore Vascular Closure Device Market to Cross USD 866 Million by 2026
The Large Bore Vascular Closure Device Market to grow at a noteworthy CAGR of around 9% during the forecast period from 2019 to 2026. Some of the major factors behind these projections include increase in the prevalence of the cardiovascular diseases, changing lifestyle of the people, rising number of people suffering from obesity.
Research study estimates, the global Large Bore Vascular Closure Device market to grow at a significant rate and reach the market size of over 866 USD Million by 2026.
North America to Dominate the Global Large Bore Vascular Closure Device Market
The report focuses on the regional markets including North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to dominate the global large bore vascular closure device market during the forecast period 2018-2026, owing to the good reimbursement policies for diagnostic procedures, huge patient population, and availability of huge funds for research.
In 2016, according to the World Health Organization, 9.3% of the total America population were suffering from diabetes. Diabetic patients are more prone to the cardiovascular diseases. Continuously increasing patient population suffering from diabetes, high spending power of the people, and favorable reimbursement policies have boosted the growth of the North Americas large bore vascular closure device market. Europe is expected to hold the major share during the forecasted period owing to the rise in demand for the large bore vascular closure device, improved technological development, and better government policies. Additionally, LAMEA is expected to witness a moderate growth due to poor reimbursement policies and lack of knowledge regarding the devices.
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Hydroponics to lead the global Large Bore Vascular Closure Device market
The global large bore vascular closure device market is segmented based on products, application and geography. Based on products, the market is segmented into passive closure devices and active closure devices. An active closure device holds the major share in the global market. In 2017, an active closure devices market was approximately 291 million USD and is expected to grow at CAGR of 9.3% during the forecast period.
On the basis of application, the large bore vascular closure device market is segmented into femoral arterial and transradial arterial. The femoral arterial application holds the lion's share in the global large bore vascular closure device. Owing to the various advantages and benefits the femoral arterial holds the major share. However, transradial arterial application is expected to hold the limited share in the market.
On the basis of region, the global large bore vascular closure device market is segmented into North America, Europe, China, Japan, Southeast Asia, India, South America, and Middle East and Africa. North America dominates the global large bore vascular closure device market owing to the rising prevalence of CVD. CVD is among the most deadly diseases in America. According to the American Medical Association, in 2016, the CVD death toll reached to 0.9 million. Continuously rising prevalence of CVD, diabetes, and other CVD related diseases will drive the growth of the market.
Some of the key players profiled in the report include Terumo Corporation, Teleflex, Vivasure Medical, Abbott Laboratories, Essential Medical, Inc, Medeon Biodesign, Inc., Cardinal Health InSeal Medical, Transluminal Technologies, and Vasorum.
TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 4. LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY PRODUCT
CHAPTER 5. LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY APPLICATION
CHAPTER 6. NORTH AMERICA LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 7. EUROPE LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 8. ASIA-PACIFIC LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 9. LATIN AMERICA LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 10. MIDDLE EAST LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 11. AFRICA LARGE BORE VASCULAR CLOSURE DEVICE MARKET BY COUNTRY
CHAPTER 12. COMPANY PROFILE
CHAPTER 13. RESEARCH APPROACH
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