Vascular Closure Devices (VCD) Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodol

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High prevalence of obesity is a significant factor driving global vascular closure devices market revenue growth

Emergen Research’s latest market research report focuses on the global Vascular Closure Devices (VCD) market, and the report provides in-depth analysis of each of its major segments. The research includes a thorough examination of the North American, European, Latin American, Asian Pacific, Middle Eastern, and African markets for Vascular Closure Devices (VCD)s. This paper looks at other important characteristics of regional markets in addition to the drivers and barriers of revenue growth, production and consumption patterns, shifting consumer tastes, and strict regulatory standards. The writers of the research have included qualitative and quantitative evaluations as well as projections for the key industry. Some of the most crucial parts of this study that shed light on the fiercely competitive climate of the market are the SWOT analysis and Porter's Five Forces Analysis.

 

The global Vascular Closure Devices (VCD) market size is expected to reach USD 1.67 Billion in 2030 and register a steady revenue CAGR of 7.0% during the forecast period. Growing prevalence of Cardiovascular Diseases (CVD) and obesity is a major factor driving market revenue growth. For example, World Obesity Federation's World Obesity Atlas 2022, released on 04 March 2022, estimates that one billion individuals worldwide, including one in every five women and seven men, would be obese by 2030. Cardiovascular diseases are the leading cause of mortality globally, killing an estimated 17.9 million individuals each year. Obesity, along with other cardiovascular risk factors, contributes to development of cardiovascular diseases as well as mortality from cardiovascular disease. Furthermore, prevalence of cardiovascular disorders is rising, due to increasing prevalence of worldwide obesity, which in turn is, rising demand for vascular closure devices.

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Key Companies Profiled in the Report are

Terumo Corporation, Abbott, Cardinal Health, Cardival Medical, Inc., Medtronic, Morris Innovative, Teleflex Incorporated, Merit Medical Systems, Vasorum Ltd., and Tricol Biomedical

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

On the basis of type, the market is segmented into

  • Type Outlook (Revenue, USD Billion; 2019–2030)

    • Passive Approximators
      1. Collagen Plugs
      2. Sealant or Gel-based Devices
      3. Compression Assist Devices
    • Active Approximators
      1. Suture-based Devices
      2. Clip-based Devices
    • External Hemostatic Devices
  • Access Outlook (Revenue, USD Billion; 2019–2030)

    • Femoral Access
    • Radial Access
  • Procedure Outlook (Revenue, USD Billion; 2019–2030)

    • Interventional Cardiology
    • Interventional Radiology/Vascular Surgery

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