USD 1.4 billion Growth In Vascular Closure Devices (VCDS) Market Evolving Opportunities with Abbott Laboratories and St. Jude Medical
Pune, Maharashtra, India, September 15 2022 (Wiredrelease) Prudour Pvt. Ltd –:VCDs (vascular closure devices) are minimally-invasive medical devices that have revolutionized medicine. VCDs have become a valuable commodity in the highly competitive healthcare markets. VCDs can both empower medical staff and improve patient comfort. This market is expected to grow rapidly due to the increasing popularity of interventional cardiac catheterization (such as Percutaneous Coronary Intervention) by doctors for treating narrowed or damaged coronary arteries caused by chronic heart diseases. PCI involves the insertion of a catheter. This could cause vascular injury, driving the demand for VCDs. VCD-related complications such as leg ischemia and infection in the groin are likely to hinder growth over the forecast period.
The global vascular closure devices market is projected to reach USD 1.4 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 7.2% during the forecast period.
This market is growing due to numerous approvals of vascular closure device, high prevalence of cardiovascular disease, rising prevalence of obesity, increased focus of market players upon large-bore closure devices and growing geriatric population. There are favorable reimbursement scenarios for interventional radiology procedures. Also, there is a rising focus on blood loss management during surgery.
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The market is expected to grow strongly in emerging markets, which offer growth opportunities for market participants. Also, growth in the number hospitals & surgical centres will provide strong growth opportunities. However, market growth could be impeded by the lack of highly skilled professionals, risks related to vascular closure devices, and a strict regulatory frameworks. The market for vascular closure devices is segmented by type, access, procedure, region, and geography.
Vascular Closure Devices (VCDS) Market: Scope of the Report
The market estimates included in the report are based on extensive secondary research as well as primary interviews and in-house reviews. The consideration of Market estimates will be evaluated based on the market’s current market dynamics and the impact of various socio-political and economic factors. In addition to the market overview, which comprises market dynamics the section also includes Porter’s Five Forces Analysis which explains the five forces that are: buyer’s bargaining power, supplier’s bargaining power, the threat of new entrants, threat of substitutes, and degree of competition in the Vascular Closure Devices (VCDS) Market.
Vascular Closure Devices (VCDS) Market: Competitive Landscape
Innovation and up-gradation in technologies across various industries are bringing new players to the market. The section contains information regarding the financial revenue and key developments of all the major market competitors. This includes SWOT analysis, product benchmarking, key developments and key developments of any 3-5 top market players. This section allows clients to customize the companies they wish to include.
Examples of some of the major players in the global Vascular Closure Devices (VCDS) market are
St. Jude Medical
On the basis of product type, the global Vascular Closure Devices (VCDS) market is segmented into:
On the basis of application, the global Vascular Closure Devices (VCDS) market is segmented into:
Global Vascular Closure Devices (VCDS) Market: Geographical Analysis
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The Market.us Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
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North America: U.S and Canada
Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe
APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Mexico
The Middle East And Africa: Saudi Arab, South Africa, UAE
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FREQUENTLY ASKED QUESTIONS
Q1. How big is the Vascular Closure Devices (VCDS) market?
Q2. What is the total market worth of Vascular Closure Devices (VCDS) market?
Q3. What is the Vascular Closure Devices (VCDS) market growth?
Q4. What are the recent trends affecting the Vascular Closure Devices (VCDS) market?
Q5. Which segment accounted for the largest Vascular Closure Devices (VCDS) market share?
Q6. Who are the key companies/players in the Vascular Closure Devices (VCDS) market?
Q7. What are the factors driving the Vascular Closure Devices (VCDS) market?
Q8. Which region is expected to project the highest market share in the global Vascular Closure Devices (VCDS) market?
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