Overview

Vascular Sealing Systems Market Introduction

Vascular sealing systems market predicted to value over US$ 1 billion by 2027 end and register a CAGR over 6% during the forecast period 2020 to 2027.

Vascular sealing systems were associated with immediate hemostasis and no major complications in patients undergoing transferomal diagnostic and interventional procedures.

There are two different types of closure systems available includes active and passive approximators. Active approximators (suture-based and clip based) mechanically secure arteriotomy effects closure through an approximation of margins or mechanical fixation using the clip and passive approximators (Gel based devices, collagen plugs) involves in hemostasis balance and coagulation enhancement.

Manual hemostasis is associated with medical complication and it led to the development of vascular sealing systems. It was further augmented by technology evolution and led to the rapid development of vascular sealing products. Additionally, manual compression for hemostasis is a costly procedure and posed a significant healthcare burden. Because of increasing healthcare burden, both government bodies and healthcare systems are shifted towards vascular sealing systems. Additionally, it is boosted by increasing R&D expenditure from both public and private sectors led to rapid development. Vascular sealing systems are cost-effective and decrease the complication associated with manual compression. It improved patient compliance and decreased the out of the pocket expenditure. All these factors led to the rapid evolution of vascular sealing systems and fuelled the growth of the market. The market is expected to witness double growth rate during the forecast period due to increasing adoption among the healthcare settings.

North America market is expected to witness high market share in the global market due to high penetration among the general population end-user segment. It is followed by European and Asia Pacific regions. Asia Pacific region is expected to witness the highest growth rate during the forecast period due to high prevalence and large patient pool. Asia Pacific region is highest opportunistic space for innovators due to significant traction. Latin America and Rest of the world market are expected to account a small fraction of market share due to less adoption.

Market players include St. Jude Medical, Terumo Corp., Vasorum Ltd., Cardinal Health, Rex Medical, Medtronic Essential Medical, Vivasure, and others. The market is at the nascent phase and expected to witness huge capital investment to advance the research activities.

Vascular Sealing Systems Market Share, Trends and Size

Vascular Sealing Systems Market Segmentation

By Device Type

+ Passive Approximators

+ Collagen Plugs

+ Gel-based Devices

+ Compression-assist Devices

+ Active Approximators

+ Suture-based Devices

+ Clip-based Devices

By End User

+ Hospital

+ Clinics

+ Ambulatory Surgical Centres

By Region

+ North America

+ Latin America

+ Europe

+ Asia Pacific

+ Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global Vascular Sealing Systems Market by Device Type, by End-User, and by Region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies