Selbyville, Delaware, May 05, 2020 (GLOBE NEWSWIRE) -- Global large bore vascular closure devices market size is valued at US$508.5 million in 2020 and is projected to hit a valuation of US$848.3 million by 2026, registering a CAGR of 7.5% during the forecast period. The demand for these devices will be primarily driven by the increasing occurrence of lifestyle-related diseases in an ageing world population, the demand for sophisticated medical services, and government support towards the development of novel technologies. Vascular closure devices (VCDs) are anticipated to witness a significant demand over the next few years across North America, Europe, and Asia Pacific.
In the coming years there is an increasing demand for Large Bore Vascular Closure Devices in the regions of North America, Europe and Asia, is expected to drive the market for more advanced Large Bore Vascular Closure Devices. Growth is attributed to rising prevalence of lifestyle diseases, aging of the population and government initiatives in establishing innovative technologies and demand for sophisticated medical services.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Large Bore Vascular Closure Devices 4900 market in 2020.
VCDs are generally used for hemostasis of small holes in the artery after a cardiovascular or endovascular surgical procedure that requires catheterization. The main role of these devices is achieving hemostasis of the artery faster and reducing access site complications. VCDs also help minimize the time to ambulation and hospital discharge. Additionally, as compared to manual compression, VCDs are much more comfortable for the patient.
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The large bore vascular closure devices industry is segmented on the basis of type and applications. VCDs can be classified into active and passive, based on type. The application segment includes femoral arterial and transradial arterial. The report for each of these segments provides a detailed description about the production and consumption during the analysis timeframe. The report covers key factors and trends driving the adoption of these medical devices across various application areas. Key regions analyzed in the report include North America, Europe, Asia Pacific, and Latin America.
The analysis of global large bore vascular closure devices industry on the basis of type, application, and regional analysis:
Global Large Bore Vascular Closure Devices Market Type Analysis (Revenue, 2020 – 2026, USD Million)
- Active closure devices
- Passive closure devices
Global Large Bore Vascular Closure Devices Market Application Analysis (Revenue, 2020 – 2026, USD Million)
- Femoral arterial
- Transradial arterial
Global Large Bore Vascular Closure Devices Market Competitive Landscape Analysis (Revenue, USD million, 2020-2026)
- Abbott Vascular· Abbott
· Vascular Solutions
· Essential Medical
· InSeal Medical
· Medeon Biodesign
· Morrris Innovative
· Transluminal Technologies
· Vasorum
· Cardinal Health
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Global Large Bore Vascular Closure Devices Market Regional Analysis (Revenue, 2020 – 2026, USD Million)
- North America
- Europe
- Asia-Pacific
- Latin America
Table of Contents:
1 Large Bore Vascular Closure Devices Market Overview
1.1 Product Overview and Scope of Large Bore Vascular Closure Devices
1.2 Large Bore Vascular Closure Devices Segment by Type
1.3 Large Bore Vascular Closure Devices Segment by Application
1.4 Global Large Bore Vascular Closure Devices Market by Region
1.5 Global Large Bore Vascular Closure Devices Growth Prospects
2 Market Competition by Manufacturers
2.1 Global Large Bore Vascular Closure Devices Production Capacity Market Share by Manufacturers (2015-2020)
2.2 Global Large Bore Vascular Closure Devices Revenue Share by Manufacturers (2015-2020)
2.3 Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Large Bore Vascular Closure Devices Average Price by Manufacturers (2015-2020)
2.5 Manufacturers Large Bore Vascular Closure Devices Production Sites, Area Served, Product Types
2.6 Large Bore Vascular Closure Devices Market Competitive Situation and Trends
3 Production Capacity by Region
3.1 Global Production Capacity of Large Bore Vascular Closure Devices Market Share by Regions (2015-2020)
3.2 Global Large Bore Vascular Closure Devices Revenue Market Share by Regions (2015-2020)
3.3 Global Large Bore Vascular Closure Devices Production Capacity, Revenue, Price and Gross Margin (2015-2020)
3.4 North America Large Bore Vascular Closure Devices Production
3.5 Europe Large Bore Vascular Closure Devices Production
3.6 China Large Bore Vascular Closure Devices Production
3.7 Japan Large Bore Vascular Closure Devices Production
4 Global Large Bore Vascular Closure Devices Consumption by Regions
5 Production, Revenue, Price Trend by Type
5.1 Global Large Bore Vascular Closure Devices Production Market Share by Type (2015-2020)
5.2 Global Large Bore Vascular Closure Devices Revenue Market Share by Type (2015-2020)
5.3 Global Large Bore Vascular Closure Devices Price by Type (2015-2020)
6 Global Large Bore Vascular Closure Devices Market Analysis by Application
6.1 Global Large Bore Vascular Closure Devices Consumption Market Share by Application (2015-2020)
6.2 Global Large Bore Vascular Closure Devices Consumption Growth Rate by Application (2015-2020)
7 Company Profiles and Key Figures in Large Bore Vascular Closure Devices Business
8 Large Bore Vascular Closure Devices Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
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