Vascular Closure Devices Market is poised to cross USD 1063.64 Million in 2023
Added: (Mon Jan 07 2019)
Pressbox (Press Release) -
Global Vascular Closure Devices Market- Medtronic to Acquire Neutrino Health
Recent Developments
Medtronic is a medical device company; it is one among the world’s largest medical equipment development companies. FDA approved the company’s new synchronised II myPTM, which assists the patients to monitor their pain and can set doses based on the pain. It is known as Medtronic pump, is indicated for patients with chronic pain. Medtronic had launched beacon heart failure management service, designed to monitor data from cardiac pacing devices to improve early interventions before heart failure events. Medtronic’s acquisition of Mazor strengthens Medtronic’s position as a global leader in enabling technologies for heart surgeries, and drives Mazor Robotics; vision to bring its core technology to the forefront of the global market
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Market Segmentation
Market Data Forecast published a report named Global Vascular Closure DevicesMarket itis currently valued USD 754.83 Million in 2018 and it is expected to reach USD 1063.64 Million by 2023 at a CAGR of 7.1%.
The report is segmented by
Type
· Passive Approximates
· Active Approximates
· External homeostatic devices
Access
· Femoral Access
· Radial Access
Procedure
· Interventional cardiology
· Interventional Radiology Surgery
Active approximators segment is projected to hold the largest share in the VCDs market due to their high efficiency. Femoral access holds the largest market share because it is largely adopted by physicians around the globe. Acute care facilities are the largest market segment due to the increase of emergency cases in cardiovascular diseases.
Geographical Segmentation:
Based on region, the global vascular closure devices market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is the largest market segment due to the increased cardiovascular diseases and the rising number of research activities and clinical trials for VCDs. Asia-Pacific is the fastest growing market segment with a huge patient base providing huge opportunities for the market players.
Key market players in the market are -
Merit Medical Systems
Biotronik GMBH&Co
Abbott Vascular
Cardinal Health
Medtronic
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The scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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