As part of Emergen Research’s Global Vascular Closure Devices (VCD) Market Research Report, key business details and extensive geographical spread of the Vascular Closure Devices (VCD) industry have been analyzed. The current COVID-19 pandemic is expected to have an effect on the growth of the Vascular Closure Devices (VCD) industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, Vascular Closure Devices (VCD) will probably be one of the markets that have been impacted, along with other sectors. The sector’s growth would be further hampered by the recession in the economy and the dynamic shifts in demand. The COVID-19 pandemic’s effects on the entire Vascular Closure Devices (VCD) industry are covered in the paper. In addition to a thorough qualitative and quantitative examination, the report also includes significant data regarding the Vascular Closure Devices (VCD) market. Based on historical data from 2017 and 2018, a thorough projection is given till 2030. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans.
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.
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The report bifurcates the Vascular Closure Devices (VCD) market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Key Companies Profiled in the Report are:
Terumo Corporation, Abbott, Cardinal Health, Cardival Medical, Inc., Medtronic, Morris Innovative, Teleflex Incorporated, Merit Medical Systems, Vasorum Ltd., and Tricol Biomedical
Regional Landscape section of the Vascular Closure Devices (VCD) report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Vascular Closure Devices (VCD) market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The various regions analyzed in the report include:
- 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)
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Passive Approximators
- Collagen Plugs
- Sealant or Gel-based Devices
- Compression Assist Devices
- Active Approximators
- Suture-based Devices
- Clip-based Devices
- External Hemostatic Devices
- Passive Approximators
- Access Outlook (Revenue, USD Billion; 2019–2030)
- Femoral Access
- Radial Access
- Procedure Outlook (Revenue, USD Billion; 2019–2030)
- Interventional Cardiology
- Interventional Radiology/Vascular Surgery
Research Report on the Vascular Closure Devices (VCD) Market Addresses the Following Key Questions:
- Who are the dominant players of the Vascular Closure Devices (VCD) market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Vascular Closure Devices (VCD) market?
- What are the key growth drivers and restraining factors of the Vascular Closure Devices (VCD) market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Vascular Closure Devices (VCD) market and its key segments?
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