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NEW YORK, April 22, 2019 (GLOBE NEWSWIRE) -- Globalvascular closure device market is expected to reach USD 1,265 million by 2025, at a CAGR of 7.65% from 2019 to 2025. The market growth is primarily attributed to the rise in endovascular procedures, and increasing prevalence of cardiovascular diseases. Moreover, increasing aging population across the globe is further propelling the market growth. However, complications associated with VCD may restraint the industry growth to some extent.
Key findings of the report:
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Vascular Closure Devices - Insight
Vascular disease is a medical term that refers to the narrowing of blood vessels. This type of disease is primarily found in neck, heart, and legs. In addition, if vascular disease does not cure early, it can lead to serious health problems. Vascular closure devices (VCD) technology is a relatively new technology that enables simple, rapid, and reliable hemostasis in variety of clinical settings. Moreover, VCD also serves in reduction of complication rates after femoral access, early ambulation, and provide superior patient comfort. Furthermore, there have been numerous technological innovations that have encouraged VCD to be one of the fastest growing segments within the interventional medical field. Many new pharmaceutical companies are showing a keen interest in developing these devices and they are investing hugely in their research and development activities.
Global Vascular Closure Devices Market– Regional insight
North America held the major share of the global market owing to growing adoption and development of vascular closure device along with increasing government initiative to support VCD in the region. Moreover, presence of prominent players in the region, as well as rising industry interest to access their own product is further fueling the industry growth. The industry growth in Europe attributed to the increasing number of interventional procedures and growing prevalence of cardiovascular disease in the region. Asia-Pacific is expected to witness the highest CAGR during the 2019-2025, owing to rise in endovascular procedures and rising prevalence of lifestyle diseases.
This report segments global vascular closure devices market based on type, access, procedure, end-user and geography.
By Type
By Access
By Procedure
By End-user
By Geography
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