Vascular Closure Systems are medical devices used to achieve hemostasis of the small hole in the artery after a cardiovascular procedure of endovascular surgery requiring a catheterization. The devices seal the puncture site in an artery (the arteriotomy) through mechanical means rather than relying on the body’s natural clotting response.
According to the new market research report “Global Vascular Closure Systems Market Report 2024-2030”, published by QYResearch, the global Vascular Closure Systems market size was estimated at US$ 1,190 million in the year 2023, is projected to reach a revised size of US$ 2,017 million by 2030, growing at a CAGR of 7.88% during the forecast period 2024-2030.
Figure. Global Vascular Closure Systems Market Size (US$ Million), 2019, 2023 and 2030
Based on or includes research from QYResearch: Global Vascular Closure Systems Market Report 2024-2030.
Market Drivers: The growth in this market can be attributed to the large number of approvals for Vascular Closure Systems, high prevalence of cardiovascular diseases, increasing prevalence of obesity, increasing focus of market players on large-bore Vascular Closure Systems, growing geriatric population, favorable reimbursement scenario for interventional radiology procedures, and rising focus on effective blood loss management in patients during surgeries.
Figure. Global Vascular Closure Systems, Global Market Size, The Top Five Players Hold 93.9% of Overall Market
At present, there are not many commercial players, the major players of Vascular Closure Systems in the world include: Abbott Laboratories, Terumo Corporation, Cordis, Teleflex Incorporated and Morrris Innovative, etc.In 2023, the global top five Global Vascular Closure Systems players account for 93.9% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Global Vascular Closure Systems.
About The Authors
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Chen - Senior Analyst |
| Email: Chenglijun@qyresearch.com Lijun Chen is a senior research analyst who has 7 years’ experience in materials, chemicals and mineral resource. |
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