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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• Femoral artery access for cardiac catheterization
• Radial artery access for cardiac catheterization
PART 05: Impact of comparative study on manual compression and vascular closure device
• Clinical studies to compare vascular closure devices to manual compression devices
PART 06: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 07: Market segmentation by product
• Global vascular closure devices market for active approximators
• Global vascular closure devices market for passive approximators
PART 08: Market segmentation by application
• Diagnostic intervention
• Therapeutic intervention
PART 09: Market segmentation by end-user
• ASCs
• Hospitals
• Physicians' offices
PART 10: Geographical segmentation
• Vascular closure devices market in Americas
• Vascular closure devices market in EMEA
• Vascular closure devices market in APAC
PART 11: 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
PART 12: Impact of drivers
PART 13: Market challenges
• High cost of vascular closure devices and reimbursement issues
• Complications of vascular closure devices
• Non-invasive CT angiography
PART 14: Impact of drivers and challenges
PART 15: Market trends
• Popularity of robot-assisted catheterization for PCI
• Emergence of digital cath labs in hospitals
• Novel technologies to improve patient comfort
PART 16: Vendor landscape
• Competitive scenario
• Market ranking
PART 17: Major vendors
• Abbott Laboratories
• Cardinal Health
• St. Jude Medical
• Vascular Solutions
• Other prominent vendors
PART 18: Appendix
• List of abbreviations
PART 19: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Clinical trials on vascular closure devices compared with manual compression devices
Exhibit 03: Global vascular closure devices market segmentation
Exhibit 04: Global vascular closure devices market 2015-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global vascular closure devices market segmentation by product 2015
Exhibit 07: Global vascular closure devices market segmentation by product 2020
Exhibit 08: Different types of vascular closure devices for clinical practices
Exhibit 09: Global vascular closure devices market for active approximators 2015-2020 ($ billions)
Exhibit 10: Global vascular closure devices market for passive approximators 2015-2020 ($ millions)
Exhibit 11: Trends in diagnostic intervention
Exhibit 12: Trends in therapeutic intervention
Exhibit 13: Global vascular closure devices market segmentation by end-user 2015
Exhibit 14: Global vascular closure devices market segmentation by geography 2015
Exhibit 15: Global vascular closure devices market segmentation by geography 2020
Exhibit 16: Global vascular closure devices market segmentation by geography 2015-2020
Exhibit 17: Global vascular closure devices market segmentation by geography 2015-2020 ($ millions)
Exhibit 18: Vascular closure devices market in Americas 2015-2020 ($ millions)
Exhibit 19: Comparison of US healthcare system: Before and after reforms
Exhibit 20: Implements amended in ACA
Exhibit 21: Number of coronary revascularization procedures per 100,000 people in EMEA 2013
Exhibit 22: Number of coronary angiography procedures in few countries in EMEA 2006 and 2013
Exhibit 23: Vascular closure devices market in EMEA 2015-2020 ($ millions)
Exhibit 24: Vascular closure devices market in APAC 2015-2020 ($ millions)
Exhibit 25: China: GDP 2010-2014 ($ trillions)
Exhibit 26: China: Healthcare expenditure 2009-2013 (% of GDP)
Exhibit 27: Impact of drivers
Exhibit 28: Impact of drivers and challenges
Exhibit 29: Global vascular closure devices market: Competitive landscape 2015
Exhibit 30: Ranking of vendors that develop active approximators 2015
Exhibit 31: Ranking of vendors that develop passive approximators 2015
Exhibit 32: Abbott Laboratories: Metrics analysis
Exhibit 33: Cardinal Health: Metrics analysis
Exhibit 34: St. Jude Medical: Metrics analysis
Exhibit 35: Vascular Solutions: Metrics analysis
Exhibit 36: Other prominent vendors
