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Global vascular closure device market projected to grow at a 7.30% CAGR by 2024 according to new research report

Medical Market Research

The market of "Global Vascular Closure Device Market" has accounted for USD 895.4 million in 2016 growing at a CAGR of 7.30% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Vascular Closure Device MarketBy Type {Passive Approximators (Collagen Plugs Sealent/Gel Based), Active Approximators (Clip, Suture Devices)}, Access (Femoral, Radial), Procedure (Interventional Cardiology, Radiology), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others), Distribution Channel (Direct Tenders, Retail), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2024


The global vascular closure device market is continuously growing due to increase in cardiovascular diseases and obesity. More opportunities are generated due to rise in global aging population.

According to American Heart Association, cardiovascular disease is considered to be the leading global cause of death, which accounts 17.3 million deaths per year, and is expected to grow to more than 23.6 million by 2030. According to Center for Disease Control and Prevention (CDC), every year 19.3 million people are being examined for this cardiovascular disease.

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The global vascular closure device market is segmented on the basis of product type, access, procedure, end-user, and distribution channel.


Based On Type:

  • Passive Approximators
  • Active Approximators

Based on Access:

  • Access
  • o Femoral
  • o Radial

Based on Procedure:

  • Interventional Cardiology
  • Radiology

Based on End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

Based on Distribution Channel:

  • Direct Tenders
  • Retail

Based on Geography the market is segmented into 5 geographical regions such as North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The geographical regions are further segmented into major countries such as U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil.

The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America global vascular closure device market


The Global Vascular Closure Device Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.

Some of the major players operating in this market are

  • Abbott  (U.S.)
  • Transluminal Technologies  (U.S.)
  • Cardiva Medical, Inc. (U.S.)
  • TERUMO Corporation (Japan)
  • TZ Medical, Inc (U.S.)
  • Vivasure Medical Ltd. (Ireland)
  • Cardinal Health  (U.S.)
  • ENDOCOR  GmbH (Germany)
  • Vasorum Ltd. (Ireland)
  • Morris Innovative (U.S.) 
  • Medtronic  (Ireland)
  • Vascular Closure Systems, Inc. (U.S.)
  • Merit Medical Systems, Inc. (U.S.)
  • St. Jude Medical, LLC ( USA)



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