Large Bore Vascular Closure Devicess, vascular closure devices are medical devices used to achieve hemostasis of the small hole in the artery after a cardiovascular procedure of endovascular surgery requiring a catheterization.
The main goal of a Vascular Closure Device is to provide rapid hemostasis of the artery as well as reduce access site complications.VCD’s also help reduce time to ambulation and time to hospital discharge. In addition, VCD’s are more comfortable for the patient compared to manual compression.
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.
Globally, the Large Bore Vascular Closure Devices industry market is concentrated as the manufacturing technology of Large Bore Vascular Closure Devices is relatively matures than some high-tech equipment. And some enterprises, like Abbott Vascular, Cardinal Health, St. Jude Medical, are well-known for the wonderful performance of their Large Bore Vascular Closure Devices and related services. At the same time, United States is remarkable in the global Large Bore Vascular Closure Devices industry because of their market share and technology status of Large Bore Vascular Closure Devices.
The consumption volume of Large Bore Vascular Closure Devices is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Large Bore Vascular Closure Devices industry may not keep that fast. But it is surely forecasted that the market of Large Bore Vascular Closure Devices is still promising.
The global Large Bore Vascular Closure Devices market is valued at 440 million US$ in 2017 and will reach 780 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
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The major players covered in this report
St. Jude Medical
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Passive Closure Devices
Active Closure Devices
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
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