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Global Vascular Closure Devices Market 2016-2020

About the Vascular Closure Devices Market

The global vascular closure devices market is likely to grow at a steady pace during the forecast period. This is because many clinical studies regarding vascular closure devices raised concerns about their safety and efficacy profiles. In many clinical cases, manual compressions were used as vascular closure devices that failed to show their efficacy. Vascular closure devices are used for both diagnostic and therapeutic interventions.Concerns regarding these devices have led vendors to invest extensively in their R&D. These devices help in the diagnosis and treatment of cardiac diseases. A rise in the incidence of these diseases will lead to the demand and sales of vascular closure devices. The sales will further increase with the rapid adoption of minimally invasive equipment for cardiac surgeries. Minimally invasive surgeries such as angiography cause less pain, minimize infections, and help reduce hospital stay.

Technavio’s analysts forecast the global vascular closure devices market to grow at a CAGR of 8.67% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global vascular closure devices market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of vascular closure devices used for arteriotomy site closure after cardiac catheterization. The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Vascular Closure Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Laboratories
  • Cardinal Health
  • St. Jude Medical
  • Vascular Solutions
Other prominent vendors
  • Arstasis
  • Beijing Puyishengji Medical Technology
  • Endocor
  • Essential Medical
  • InSeal Medical
  • Medeon Biodesign
  • Morrris Innovative
  • Transluminal Technologies
  • Vascular Closure Systems
  • Vasorum
  • Vivasure Medical
Market driver
  • Minimally invasive procedures with improved medical imaging
  • For a full, detailed list, view our report
Market challenge
  • Complications of vascular closure devices
  • For a full, detailed list, view our report
Market trend
  • Popularity of robot-assisted catheterization for PCI
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Vascular Closure Devices Market 2016-2020



Technavio recognizes the following companies as the key players in the global vascular closure devices market: Abbott Laboratories, Cardinal Health, St. Jude Medical, and Vascular Solutions.



Other Prominent Vendors in the market are: Arstasis, Beijing Puyishengji Medical Technology, Endocor, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vascular Closure Systems, Vasorum, and Vivasure Medical.



Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the popularity of robot-assisted catheterization for percutaneous coronary intervention (PCI). Physicians are using robot-assisted catheterization technology to improve the performance of minimally invasive and less invasive procedures. The technology helps enhance vascular puncture and improve patient care. Robot-assisted procedures can reduce hospital stays and facilitate cost management. Moreover, the rising awareness of these benefits of robot-assisted catheterization among people and physicians has led many hospitals and clinics to install them.”



According to the report, a key growth driver in the market is the growing use of minimally invasive surgeries along with MRI technology. Medical facilities worldwide are shifting toward minimally invasive procedure that involve the use of radiotherapy and imaging technologies, expanding the treatment options for peripheral vascular diseases (PVD) such as deep vein thrombosis. Physicians use angioplasty or insert stents in the blood vessels through small incisions by minimally invasive surgeries. These procedures help minimize trauma and pain and reduces the risks of infection in the blood vessels.



Further, the report states that a major factor that could hamper market growth is the several complications associated with vascular closure devices. Vascular closure devices after coronary angioplasty helps in early hemostasis and improved ambulation. However, arterial puncture involved with vascular closure devices can cause some complications. The intravascular component of these devices can also cause thrombosis, which can lead to limb ischemia. The insertion of vascular closure devices through femoral arterial cardiac catheterization can cause retroperitoneal hemorrhage.



Companies Mentioned

Abbott Laboratories, Cardinal Health, St. Jude Medical, Vascular Solutions, Arstasis, Beijing Puyishengji Medical Technology, Endocor, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vascular Closure Systems, Vasorum, Vivasure Medical.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Femoral artery access for cardiac catheterization
    • Radial artery access for cardiac catheterization
  • Impact of comparative study on manual compression and vascular closure device
    • Clinical studies to compare vascular closure devices to manual compression devices
      • Table Clinical trials on vascular closure devices compared with manual compression devices
  • Market landscape
    • Market overview
      • Table Global vascular closure devices market segmentation
    • Market size and forecast
      • Table Global vascular closure devices market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global vascular closure devices market segmentation by product 2015
    • Table Global vascular closure devices market segmentation by product 2020
    • Table Different types of vascular closure devices for clinical practices
    • Global vascular closure devices market for active approximators
      • Table Global vascular closure devices market for active approximators 2015-2020 ($ billions)
    • Global vascular closure devices market for passive approximators
      • Table Global vascular closure devices market for passive approximators 2015-2020 ($ millions)
  • Market segmentation by application
    • Diagnostic intervention
      • Table Trends in diagnostic intervention
    • Therapeutic intervention
      • Table Trends in therapeutic intervention
  • Market segmentation by end-user
    • Table Global vascular closure devices market segmentation by end-user 2015
    • ASCs
    • Hospitals
    • Physicians' offices
  • Geographical segmentation
    • Table Global vascular closure devices market segmentation by geography 2015
    • Table Global vascular closure devices market segmentation by geography 2020
    • Table Global vascular closure devices market segmentation by geography 2015-2020
    • Table Global vascular closure devices market segmentation by geography 2015-2020 ($ millions)
    • Vascular closure devices market in Americas
      • Table Vascular closure devices market in Americas 2015-2020 ($ millions)
      • Table Comparison of US healthcare system: Before and after reforms
      • Table Implements amended in ACA
    • Vascular closure devices market in EMEA
      • Table Number of coronary revascularization procedures per 100,000 people in EMEA 2013
      • Table Number of coronary angiography procedures in few countries in EMEA 2006 and 2013
      • Table Vascular closure devices market in EMEA 2015-2020 ($ millions)
    • Vascular closure devices market in APAC
      • Table Vascular closure devices market in APAC 2015-2020 ($ millions)
      • Table China: GDP 2010-2014 ($ trillions)
      • Table China: Healthcare expenditure 2009-2013 (% of GDP)
  • Market drivers
    • Incidence of cardiac diseases and adoption of interventional cardiac catheterization
    • Minimally invasive procedures with improved medical imaging
    • Popularity of femoral arterial cardiac catheterization
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost of vascular closure devices and reimbursement issues
    • Complications of vascular closure devices
    • Non-invasive CT angiography
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Popularity of robot-assisted catheterization for PCI
    • Emergence of digital cath labs in hospitals
    • Novel technologies to improve patient comfort
  • Vendor landscape
    • Competitive scenario
      • Table Global vascular closure devices market: Competitive landscape 2015
    • Market ranking
      • Table Ranking of vendors that develop active approximators 2015
      • Table Ranking of vendors that develop passive approximators 2015
  • Major vendors
    • Abbott Laboratories
      • Table Abbott Laboratories: Metrics analysis
    • Cardinal Health
      • Table Cardinal Health: Metrics analysis
    • St. Jude Medical
      • Table St. Jude Medical: Metrics analysis
    • Vascular Solutions
      • Table Vascular Solutions: Metrics analysis
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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