Asia Pacific Vascular Closure Devices Market By Type (Passive Approximators, Active Approximators, External Hemostatic Devices), By Access (Femoral And Radial Access), By Procedure (Interventional Cardiology, Radiology/Vascular Surgery), By End User (Acute Care Facilities, Hospitals And Clinics) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
The Asia Pacific Vascular Closure Devices Market was worth USD 105.3 Million in 2016 and is estimated to be growing at a CAGR of 9.5%, to reach USD 165.75 Million by 2021. A small puncture is made to the femoral artery to conduct some diagnostics like angiogram.
This puncture is sealed immediately to stop the blood flow using a metallic clip or collagen. These devices are called vascular closure devices.
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Vascular closure devices are preferred over manual compression due to the reduction in time and human effort required to conduct MC. VCDs increase the comfort levels for the patients and result in early discharge time.
Recent developments introduced materials for VCDs which dissolve after certain period of time.
Rising preference for minimally invasive surgeries and developing medical imaging are the major factors propelling the vascular closure devices market. Increasing adoption of radiotherapy which requires use of medical imaging and the ease of use and reduced access site complications also drive the VCDs market.
Increasing costs of invasive VCDs and less adoption of technologies in developing countries are hindering the growth of the market.
The Asia Pacific vascular closure devices market is categorized based on the type, access, procedure, end user and by region. Based on the type of devices, the market is categorized into passive approximators, Active Approximators and External Hemostatic Devices.
Active approximators segment is projected to hold the largest share in the VCDs market due to their high efficiency. Passive approximators are again categorized into Sealant or Gel based devices, Collagen plugs and Compression assist devices.
Active approximators are again categorized into Suture based devices and clip based devices. Based on access to the artery, the market is categorized into Femoral and radial access.
Femoral access the largest market share because it is largely adopted by physicians around the globe. Based on procedure involved, the market is categorized into interventional cardiology and interventional radiology or vascular surgery.
Based on end user, the market is categorized into acute care facilities, hospitals and clinics. Acute care facilities are the largest market segment due to the increase of emergency cases in cardiovascular diseases.
Asia Pacific vascular closure devices market is categorized into China, India, Japan, Australia and South Korea. The VCDs market in this region is rapidly growing due to the increase in expenditure on healthcare in countries like China and India, huge patient base and increasing cardiovascular diseases.
Some of the major companies in Asia-Pacific are VCDs market are W L. Gore & Associates, Merit Medical Systems, Inc., Abbott Vascular, Biotronik GMBH & CO.KG, St.
Jude Medical, Cardinal Health, Medtronic, Boston Scientific Corporation, Cardival Medical, Inc., Essential Medical, Inc., TZ Medical, Inc. and Scion BioMedical.
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