Advances in Vascular Closure Devices (VCD): Understanding the Market and Its Potential

Jannashar2023/03/09 10:26

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

Advances in Vascular Closure Devices (VCD): Understanding the Market and Its Potential

Emergen Research’s latest document, titled ‘Global Vascular Closure Devices (VCD) Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Vascular Closure Devices (VCD) Market. The report’s authors have offered necessary details on the latest Vascular Closure Devices (VCD) Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Vascular Closure Devices (VCD) Market industry entails useful insights into the estimated Vascular Closure Devices (VCD) Market size, revenue share, and sales & distribution networks.

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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.

The Vascular Closure Devices (VCD) research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

Some major companies in the global market report include Terumo Corporation, Abbott, Cardinal Health, Cardival Medical, Inc., Medtronic, Morris Innovative, Teleflex Incorporated, Merit Medical Systems, Vasorum Ltd., and Tricol Biomedical.

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Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

The report further divides the Vascular Closure Devices (VCD) market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Vascular Closure Devices (VCD) market.

Emergen Research has segmented the global vascular closure devices market based on type, access, procedure, and region:

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

Passive ApproximatorsCollagen PlugsSealant or Gel-based DevicesCompression Assist Devices

Active ApproximatorsSuture-based DevicesClip-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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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed 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 report addresses the following key points:

The report estimates the expected market size from 2022-2030

The report provides a forecast of market drivers, restraints, and future opportunities for the Vascular Closure Devices (VCD) market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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Thank you for reading our report. For any specific details on customization of this report, please get in touch with us. We will ensure the report you get is well-suited to your needs.

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