Hyderabad, India -- (SBWIRE) -- 02/05/2018 -- The global vascular closure devices market is estimated at a market value of USD 658 Million in 2017 and is projected to reach USD 927.3 Million by 2022 at a CAGR of 7.1%.

Vascular Closure Devices are used to close perforations in blood vessels during surgeries. Using vascular closure devices is a lot more effective and easier in comparison to the traditional manual compression.

Increasing number of patients suffering from cardiovascular diseases, growing elderly population, and rising number of surgeries are some of the key factors that are fuelling the market growth. However, factors like high cost and lack of awareness towards VCDs in the developing countries are severely restricting the growth of the market.

North America occupies a major share of the market globally owing to the high amount of research and clinical trials on VCDs. Asia-Pacific is expected to show a huge growth rate during the forecast period.

Browse full research report with TOC on "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 - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2027)" at:
https://www.marketdataforecast.com/market-reports/vascular-closure-devices-market-3536/

Market Data Forecast has segmented the Vascular Closure Devices with respect to Type, Access, Procedure, and End User. By type, Active approximators segment is projected to hold the largest share in the VCDs market due to their high efficiency.Based on access to the artery, Femoral access holds the largest market share because it is largely adopted by physicians around the globe. By procedure involved, Acute care facilities are the largest market segment due to the increase of emergency cases in cardiovascular diseases.

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3536/customize-report

Further Key Findings from the Report Suggest:
- Active approximators segmented accounted for the major share of the market due to its greater efficiency.
- Femoral access segment being preferred by the majority of physicians across the world is dominating the market share in comparison to the other market segments based on access.
- Acute care facilities segment dominated the market in comparison to other end users like hospitals and clinics as there is an increase in emergency cases of cardiovascular surgeries.
- Cardiva Medical Inc. and Cardinal Health Inc. are the key players in the market.
- The increased demand for minimally invasive cardiovascular surgical procedures in Canada is a key driver of the North America Vascular Closure Devices market.

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