Report Code: A08371 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Vascular Closure Devices Market
Request Now !Vascular closure device (VCD) are collagen pieces, sutures or metallic clip, which have been manufactured to supply immediate sealing of small penetrations in an artery after angiogram is performed. A blood vessel imaging is performed by the angiography of blood vessels, which are visible on pictures or X-ray images. This helps in the detection of abnormalities or disorders and finding out the cure for it. Access to arteries is generally performed via the femoral artery. Femoral arteries can run past all along the groins. These processes take place under the guidance of a specialist doctor after the artery is been penetrated and after a needle is passed through the skin. Once the angiographic procedure is complete, the plastic sheath helps to allow access to the femoral artery after the removal.
COVID-19 scenario analysis:
Rise in FDA approvals for VCD, increase in frequencies of cardiovascular diseases, rise in obesity levels, and rise in focus of manufacturers on large-bore vascular closure devices are the major factors propelling the growth of the vascular closure devices market. These vascular closure devices receive approvals from the FDA, government initiatives, and regulations. Betterment of patient treatment, demand for advanced treatment, rise in number of clinical trials & research activities, and advances in the manufacturers’ new products affect the growth of the vascular closure devices market. The efficiency rate of the devices is improving. Factors, such as improving frequencies of cardiovascular diseases and rise in obesity levels, also drive the growth of the vascular closure devices market.
On the other hand, malfunctioning of the devices, lack of quality products, and performance issues in the devices leading to product recalls & failures are the major challenges faced in the vascular closure devices market. Replacements in products and monetary losses after recalls to the manufacturers affect the growth of the market negatively.
On November 9th, 2015, Medtronic introduced the VenaSeal closure system in the U.S. This system got approval from the FDA under the Pre-market Approval (PMA) process.
Acute care facilities, clinics, and hospitals are the major consumers of the vascular closure devices market. Amongst them, acute care facilities are the biggest end users in the market. There has also been rise in the case of cardiovascular diseases, which are needed for instant treatment and have made aware about VCDs in acute care treatment. Additionally, the utilization of technologies in imaging, such as echocardiography, in acute care for the CVD propels the market growth.
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Questions answered in the vascular closure devices market research report:
Vascular Closure Devices Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Abbott Vascular, W L. Gore & Associates, Merit Medical Systems, Inc., Cardival Medical, Inc., ST. JUDE MEDICAL, Cardinal Health, Biotronik GMBH & CO.KG, ESSENTIAL MEDICAL, Inc., Medtronic, Boston Scientific Corporation, C. R. Bard, Inc., TZ Medical, Inc., Scion BioMedical, COOK |
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