Vascular closure device market projected to reach $3.03 billion by 2030, driven by cardiovascular diseases.

From GlobeNewswire: 2025-04-03 07:41:00

The vascular closure device market is projected to reach US$ 3.03 billion by 2030, with a CAGR of 7.1% from 2022-2030. The market growth is driven by the increasing prevalence of cardiovascular diseases. Key players in the market include Cordis Corp., Abbott Laboratories, and Medtronic Plc. Collagen-based and mechanical devices are gaining popularity in minimally invasive procedures.

Cardiovascular diseases are a leading cause of mortality worldwide, with interventional procedures like angioplasty and catheterization requiring efficient vascular closure techniques. North America led the market in 2022, with Asia Pacific expected to have the highest CAGR. The market is segmented based on product type, access, procedure, and end user.

Vascular closure devices are crucial for maintaining safety and efficacy in minimally invasive interventions. The market is expected to grow due to demand for quicker recovery times and enhanced safety procedures. Stakeholders in the market include manufacturers, healthcare providers, and regulatory bodies. The continuous innovation in technology will drive the market forward.

For more detailed insights on the vascular closure devices market, visit The Insight Partners website. Contact Ankit Mathur at [email protected] or +1-646-491-9876 for any queries or further information.



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