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Global Vascular Closure Devices Market 2016-2020

  • Published: Jul 2016
  • Pages: 69
  • SKU: IRTNTR9652
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This market research report presents a detailed segmentation of the global vascular closure devices market by products (active approximators and passive approximators), by application (diagnostics intervention and therapeutic intervention), by end user (ASCs, hospitals, and physician offices), and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Abbott Laboratories, Cardinal Health, St. Jude Medical, and Vascular Solutions.

Outlook of the vascular closure devices market

Vascular closure devices are used for diagnostic and therapeutic interventions and help in endovascular imaging to detect coronary artery diseases. The rising preference for minimally invasive procedures with improved medical imaging is a major factor spurring the growth this market. At present, many medical facilities have started opting for procedures that involve the use of radiotherapy and imaging technologies. This shift towards imaging technologies helps healthcare facilities to expand their treatment options for peripheral vascular diseases (PVD). If left untreated, PVD can cause heart attacks and stroke and may even lead to death. Consequently, to treat this condition, physicians have started performing angioplasty or insert stents in the blood vessels through small incisions by minimally invasive surgeries. Due to the widespread applicability of vascular closure devices, Technavio’s market research analysts have predicted that this market will grow at a steady CAGR of nearly 9% during the forecast period.

The global vascular closure devices market is dominated by the Americas, which accounted for approximately 45% of the total market share in 2015. The US was the key revenue generator for the market in this region. An increasing number of angiography procedures, patient's preference to visit cath-labs, and rising adoption of vascular closure devices for minimally invasive procedures are the key elements that contributed to the growth of this market. Additionally, factors such as recent advances in technology, in terms of product design and usage, and the availability of reimbursements for catheterization have also bolstered the prospects for market growth in the US.

Product segmentation and analysis of the vascular closure devices market

  • Active approximators
  • Passive approximators

The active approximators segment accounts for the largest share of the vascular closure devices market and will retain its leadership position by accounting for around 79% of the total market share by the end of 2020. Active approximators are designed to close the arteriotomy site by using sutures, collagen plugs, and nitinol clips. The development of devices that can be used to close femoral sites like the 8F to 21F femoral site will lead to the steady growth of this market segment during the next four years.

Segmentation by end user and analysis of the vascular closure devices market

  • ASCs
  • Hospitals
  • Physician offices

According to this market report, the ASC segment accounted for an impressive market share of around 50% during 2015. ASCs provide a wide range of medical services and conduct surgical and non-surgical procedures through outpatient settings. The availability of progressive operating equipment, specialist physicians, and operating and recovery rooms without complex administrative procedures will lead to the rapid growth of this market segment.

Competitive landscape and key vendors

Competition in the global vascular closure devices market is intense with the presence of many global and local players. The level of competition will strengthen during the forecast period due to the entry of several new vendors in the market. Therefore, to survive and succeed in this competitive market, the smaller vendors are developing innovative and cost-effective products to penetrate the emerging countries.

  • Abbott Laboratories
  • Cardinal Health
  • St. Jude Medical
  • Vascular Solutions

The other prominent vendors in the market are Arstasis, Beijing Puyishengji Medical Technology, Endocor, Essential Medical, InSeal Medical, Medeon Biodesign, Morrris Innovative, Transluminal Technologies, Vascular Closure Systems, Vasorum, and Vivasure Medical.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global vascular closure devices market?
  • What are the key market trends impacting the growth of the global vascular closure devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global vascular closure devices market?
  • What are the market opportunities and threats faced by the vendors in the global vascular closure devices market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global vascular closure devices market?

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Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Femoral artery access for cardiac catheterization
  • Radial artery access for cardiac catheterization

PART 05: Impact of comparative study on manual compression and vascular closure device

  • Clinical studies to compare vascular closure devices to manual compression devices

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Market segmentation by product

  • Global vascular closure devices market for active approximators
  • Global vascular closure devices market for passive approximators

PART 08: Market segmentation by application

  • Diagnostic intervention
  • Therapeutic intervention

PART 09: Market segmentation by end-user

  • ASCs
  • Hospitals
  • Physicians' offices

PART 10: Geographical segmentation

  • Vascular closure devices market in Americas
  • Vascular closure devices market in EMEA
  • Vascular closure devices market in APAC

PART 11: Market drivers

  • Incidence of cardiac diseases and adoption of interventional cardiac catheterization
  • Minimally invasive procedures with improved medical imaging
  • Popularity of femoral arterial cardiac catheterization

PART 12: Impact of drivers

PART 13: Market challenges

  • High cost of vascular closure devices and reimbursement issues
  • Complications of vascular closure devices
  • Non-invasive CT angiography

PART 14: Impact of drivers and challenges

PART 15: Market trends

  • Popularity of robot-assisted catheterization for PCI
  • Emergence of digital cath labs in hospitals
  • Novel technologies to improve patient comfort

PART 16: Vendor landscape

  • Competitive scenario
  • Market ranking

PART 17: Major vendors

  • Abbott Laboratories
  • Cardinal Health
  • St. Jude Medical
  • Vascular Solutions
  • Other prominent vendors

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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