Vascular Closure Devices Global Market to Reach $1.4 Billion by 2030: Rising Preference for Minimally Invasive Procedures Boosts Market Prospects

Dublin, July 17, 2023 (GLOBE NEWSWIRE) -- The "Vascular Closure Devices: Global Strategic Business Report" report has been added to's offering.

The global market for Vascular Closure Devices estimated at US$824.6 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.

Passive Approximators, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$996.3 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Active Approximators segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $340.6 Million, While China is Forecast to Grow at 8.6% CAGR

The Vascular Closure Devices market in the U.S. is estimated at US$340.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$154 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$112.3 Million by the year 2030.

Select Competitors (Total 36 Featured) -

  • Abbott Laboratories
  • Advanced Vascular Dynamics
  • Cardinal Health, Inc.
  • Cardival Medical, Inc.
  • Endocor GmbH
  • Medtronic PLC
  • Merit Medical Systems Inc.
  • Morris Innovative Inc.
  • Teleflex Incorporated
  • Terumo Corporation
  • Transluminal Technologies LLC
  • Tricol Medical Inc.
  • Vivasure Medical Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages477
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$824.6 Million
Forecasted Market Value (USD) by 2030$1400 Million
Compound Annual Growth Rate6.8%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Vascular Closure Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Vascular Closure Devices - A Prelude
  • Benefits
  • Active Approximators
  • Passive Approximators
  • External Hemostatic Devices
  • Vascular Closure Devices to Witness Steady Growth Post COVID-19
  • Interventional Cardiology to Dominate the Market
  • Passive Approximators Lead the Market
  • Femoral Access Type Leads the Market
  • United States Holds a Dominant Share, Asia-Pacific to Witness Rapid Growth
  • Competition
  • Growth Restraints



  • Medical Device Companies Focus on Developing Advanced Biomechanical VCDs
  • Increasing Demand for Large-bore Vascular Closure Devices
  • Select Large Bore Closure Devices
  • Cardiovascular Diseases: A Significant Contributor to Market Growth
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Global Annual Medical Cost of CVD in US$ Billion (2010-2030)
  • Rising Preference for Minimally Invasive Procedures Boosts Market Prospects
  • Aging Population Drives Demand for Vascular Closure Devices
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Life Expectancy for Select Countries in Number of Years: 2019
  • Increasing Healthcare Expenditure to Foster Growth
  • World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
  • Recent Approvals and Launches
  • Essential Medical Inc Receives FDA Clearance for its Large-Bore Vascular Closure Device
  • Vascade MVP Vascular Closure System Obtains Approval from FDA
  • Large Bore PerQseal Closure Device Introduced in Europe
  • Cordis Introduces Mynx Control Vascular Closure Device
  • FDA Approves Teleflex's Vascular Closure Device
  • Vasorum Set to Commercialize a New Vascular Closure Device across the US




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Global Market for Vascular Closure Devices

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