{"id":643386,"date":"2023-03-20T20:14:02","date_gmt":"2023-03-20T20:14:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=643386"},"modified":"2023-03-20T20:14:02","modified_gmt":"2023-03-20T20:14:02","slug":"vascular-closure-devices-market-worth-13-billion-by-2026-emerging-trends-top-growing-segments-and-future-industry-developments","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/vascular-closure-devices-market-worth-13-billion-by-2026-emerging-trends-top-growing-segments-and-future-industry-developments_643386.html","title":{"rendered":"Vascular Closure Devices Market Worth $1.3 billion by 2026 &#8211; Emerging Trends, Top Growing Segments and Future Industry Developments"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/uploads\/1679293728.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Vascular Closure Devices Market Worth $1.3 billion by 2026 - Emerging Trends, Top Growing Segments and Future Industry Developments\" src=\"https:\/\/www.abnewswire.com\/uploads\/1679293728.jpeg\" alt=\"Vascular Closure Devices Market Worth $1.3 billion by 2026 - Emerging Trends, Top Growing Segments and Future Industry Developments\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>The global vascular closure devices market is consolidated. The prominent players operating in this market include Terumo Corporation (Japan), Abbott (US), Cardinal Health (US), Cardiva Medical, Inc. (US), Medtronic Plc (Ireland), Morris Innovative, Inc. (US), Teleflex Incorporated (US), Merit Medical Systems, Inc. (US), Vasorum Ltd. (Ireland)<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">Global vascular closure devices market is projected to reach USD 1.3 billion by 2026, at a CAGR of 7.0% during the forecast period.<\/div>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/vascular-closure-device-market-180101468.html?utm_source=ABnewswire&amp;utm_campaign=paid&amp;utm_term=referral\">Vascular closure devices<\/a> are medical devices used to close puncturing sites after catheterization procedures. The puncturing sites are usually made in the femoral artery and vein for catheterization procedures such as angiography, angioplasty, and others. These devices are designed to reduce the time of the procedure by quickly and safely closing the puncture sites, preventing the accumulation of blood in the punctured area, and reducing the risk of complications associated with catheterization.<\/p>\n<p style=\"text-align: justify;\">The global vascular closure devices market is expected to witness significant growth during the forecast period. This can be attributed to the increasing use of these devices in cardiovascular procedures, rising geriatric population, and technological advancements in the field of medical device manufacturing. Furthermore, the increasing number of medical device companies and product launches are likely to drive the market growth.<\/p>\n<p style=\"text-align: justify;\"><strong>To Get Sample Copy @ &nbsp;<a href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=180101468&amp;utm_source=ABnewswire&amp;utm_campaign=paid&amp;utm_term=referral\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=180101468<\/a><a href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=180101468&amp;utm_source=ABnewswire&amp;utm_campaign=paid&amp;utm_term=referral\"><br \/> <\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Global Vascular Closure Devices Market &ndash; Key Findings of the Report<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>CAGR of the market during the forecast period 2021-2026<\/li>\n<li>Detailed information on factors that will drive Vascular Closure Devices Market growth during the next 5 years<\/li>\n<li>Precise estimation of the Vascular Closure Devices Market size and its contribution to the parent market<\/li>\n<li>Accurate predictions on upcoming trends and changes in consumer behaviour<\/li>\n<li>The growth of the Vascular Closure Devices industry across North America, Europe, APAC, South America, the Middle East, and Africa<\/li>\n<li>A thorough analysis of the market&rsquo;s competitive landscape and detailed information on vendors<\/li>\n<li>Comprehensive details of factors that will challenge the growth of Vascular Closure Devices Market vendors.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The market is segmented on the basis of product type, end user, and region. Based on product type, the market is divided into manual closure devices, active closure devices, and suture-based closure devices. The active closure devices segment is expected to register the highest CAGR during the forecast period. This can be attributed to the increasing use of these devices for catheterization procedures, such as angiography and angioplasty.<\/p>\n<p style=\"text-align: justify;\">On the basis of end user, the market is divided into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment is expected to account for the highest share of the market during the forecast period, owing to the increasing number of cardiovascular procedures conducted in these centers.<\/p>\n<p style=\"text-align: justify;\">Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East &amp; Africa. North America is expected to account for the largest share of the market during the forecast period, owing to the increasing number of catheterization procedures and the presence of several prominent players in the region.<\/p>\n<p style=\"text-align: justify;\"><strong>Key Market Players<\/strong><\/p>\n<p style=\"text-align: justify;\">The global vascular closure devices market is consolidated. The prominent players operating in this market include Terumo Corporation (Japan), Abbott (US), Cardinal Health (US), Cardiva Medical, Inc. (US), Medtronic Plc (Ireland), Morris Innovative, Inc. (US), Teleflex Incorporated (US), Merit Medical Systems, Inc. (US), Vasorum Ltd. (Ireland), TZ Medical, Inc. (US), Vivasure Medical Ltd. (Ireland), Tricol Biomedical (US), Scion Biomedical (US), Advanced Vascular Dynamics (US), Marine Polymer Technologies, Inc. (US), and Rex Medical (US).<\/p>\n<p style=\"text-align: justify;\"><strong>Terumo Corporation (Japan)<\/strong> is a leading player in the vascular closure devices market, with a market share of 33.4%. The company&rsquo;s large share can be attributed to its broad range of vascular closure devices. The company has two distribution channels&mdash;direct to customers (healthcare professionals and\/or facilities) and sales through distributors. The company has a strong presence in Japan and has established business channels primarily in Europe and the Asia Pacific.<\/p>\n<p style=\"text-align: justify;\"><strong>Download PDF Brochure: <a href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=180101468&amp;utm_source=ABnewswire&amp;utm_campaign=paid&amp;utm_term=referral\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=180101468<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>This report categorizes the vascular closure devices market into the following segments and subsegments:<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>By Type<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Passive Approximators<\/li>\n<li>Active Approximators<\/li>\n<li>External Hemostatic Devices<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Access<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Femoral Access<\/li>\n<li>Radial Access<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Procedure<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Interventional Cardiology<\/li>\n<li>Interventional Radiology\/Vascular Surgery<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Region<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>North America<\/li>\n<li>Europe<\/li>\n<li>Asia Pacific<\/li>\n<li>Rest of World<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Recent Developments:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Vivasure Medical Ltd. (Ireland) announced the development of its product, PerQseal Blue. This product is a large-bore vascular closure device used after interventional cardiovascular procedures.<\/li>\n<li>Abbott (US) acquired Walk Vascular, LLC (US) to expand its portfolio of peripheral vascular devices.<\/li>\n<li>Teleflex Incorporated (US) acquired Z-Medica, LLC (US), an industry-leading manufacturer of hemostatic products that will lead to revenue growth for the company by expanding its product portfolio in the Interventional segment.<\/li>\n<li>Cardinal Health (US) launched MYNX Control, a sealant or gel-based device with extravascular sealing and resorbability properties.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Speak to Analyst: <a href=\"https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=180101468&amp;utm_source=ABnewswire&amp;utm_campaign=paid&amp;utm_term=referral\">https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=180101468<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>About MarketsandMarkets&trade; <\/strong><\/p>\n<p style=\"text-align: justify;\">MarketsandMarkets&trade; provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies&#8217; revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets&trade; for their painpoints around revenues decisions.<\/p>\n<p style=\"text-align: justify;\">Our 850 fulltime analyst and SMEs at MarketsandMarkets&trade; are tracking global high growth markets following the &#8220;Growth Engagement Model &ndash; GEM&#8221;. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write &#8220;Attack, avoid and defend&#8221; strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets&trade; now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets&trade; is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n<p style=\"text-align: justify;\">MarketsandMarkets&#8217;s flagship competitive intelligence and market research platform, &#8220;Knowledge Store&#8221; connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/marketsandmarkets.com_17712.html\" rel=\"nofollow\">MarketsandMarkets\u2122 Research Private Ltd.<\/a><br \/><strong>Contact Person:<\/strong> Mr. Aashish Mehra<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=vascular-closure-devices-market-worth-13-billion-by-2026-emerging-trends-top-growing-segments-and-future-industry-developments\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 18886006441<br \/><strong>Address:<\/strong>630 Dundee Road  Suite 430<br \/><strong>City:<\/strong> Northbrook<br \/><strong>State:<\/strong> IL 60062<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/vascular-closure-device-market-180101468.html\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/Market-Reports\/vascular-closure-device-market-180101468.html<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/vascular-closure-device-market-180101468.html\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=vascular-closure-devices-market-worth-13-billion-by-2026-emerging-trends-top-growing-segments-and-future-industry-developments\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global vascular closure devices market is consolidated. The prominent players operating in this market include Terumo Corporation (Japan), Abbott (US), Cardinal Health (US), Cardiva Medical, Inc. (US), Medtronic Plc (Ireland), Morris Innovative, Inc. (US), Teleflex Incorporated (US), Merit Medical &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/vascular-closure-devices-market-worth-13-billion-by-2026-emerging-trends-top-growing-segments-and-future-industry-developments_643386.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[405,406,403,404,416],"tags":[],"class_list":["post-643386","post","type-post","status-publish","format-standard","hentry","category-Health-Medicine","category-Pharmaceuticals-Biotech","category-UK","category-US","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/643386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=643386"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/643386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=643386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=643386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=643386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}