Global Vascular Closure Devices (VCD) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Active Approximators - Suture-Based Devices and Clip-Based Devices, and Passive Approximators - Collagen Plugs, Sealant- or Gel-Based Devices and Compression-Asist Devices, and External Hemostatic Devices.

By Access Site;

Femoral, Radial, and Others.

By End Use;

Acute Care Facilities, Hospitals, and Clinics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn120066595 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Vascular Closure Devices (VCD) Market (USD Million), 2021 - 2031

In the year 2024, the Global Vascular Closure Devices (VCD) Market was valued at USD 5,532.89 million. The size of this market is expected to increase to USD 8,237.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.

The global Vascular Closure Devices (VCD) market has been experiencing significant growth, driven by the increasing prevalence of cardiovascular diseases and the subsequent rise in interventional procedures. VCDs are medical devices used to achieve hemostasis of the small puncture site created in an artery after a cardiovascular procedure of endovascular surgery, and they play a critical role in patient recovery and the reduction of complications associated with traditional manual compression methods. The growing aging population, coupled with advancements in medical technology, has further propelled the demand for efficient and effective vascular closure solutions.

In recent years, technological innovations have significantly enhanced the functionality and safety of VCDs, leading to their widespread adoption in clinical settings. These advancements include the development of biodegradable devices, improved delivery systems, and enhanced hemostasis techniques, all of which contribute to better patient outcomes and reduced hospital stays. Additionally, the rise in minimally invasive procedures has bolstered the demand for VCDs, as these devices facilitate quicker recovery times and lower the risk of procedural complications.

The market dynamics are also influenced by regulatory frameworks and reimbursement policies that vary across different regions. North America and Europe, being the largest markets, benefit from well-established healthcare infrastructures and favorable reimbursement scenarios. Meanwhile, emerging economies in Asia-Pacific and Latin America are witnessing rapid market growth due to increasing healthcare expenditure, rising awareness about advanced medical devices, and improving healthcare facilities. The competitive landscape is marked by the presence of key players investing in research and development to introduce innovative products and capture larger market shares.

The VCD market faces challenges such as high device costs and the need for skilled professionals to operate these devices effectively. Despite these obstacles, the market outlook remains positive, driven by the continuous evolution of medical technologies and the growing emphasis on patient-centric care. The future of the VCD market looks promising, with ongoing research aimed at developing more cost-effective, user-friendly, and efficient devices that can cater to the diverse needs of patients and healthcare providers globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Access Site
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Vascular Closure Devices (VCD) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing cardiovascular disease prevalence
        2. Technological advancements in VCDs
        3. Rising geriatric population globally
        4. Growing minimally invasive procedures
      2. Restraints
        1. High costs of devices
        2. Risk of complications
        3. Stringent regulatory approvals
        4. Limited reimbursement policies
      3. Opportunities
        1. Emerging markets expansion
        2. Development of new products
        3. Increasing healthcare expenditure
        4. Collaborations and partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Vascular Closure Devices (VCD) Market, By Product, 2021 - 2031 (USD Million)
      1. Active Approximators
        1. Suture-Based Devices
        2. Clip-Based Devices
      2. Passive Approximators
        1. Collagen Plugs
        2. Sealant- or Gel-Based Devices
        3. Compression-Assist Devices
      3. External hemostatic devices
    2. Global Vascular Closure Devices (VCD) Market, By Access Site, 2021 - 2031 (USD Million)
      1. Femoral
      2. Radial
      3. Others
    3. Global Vascular Closure Devices (VCD) Market, By End Use, 2021 - 2031 (USD Million)
      1. Acute Care Facilities
      2. Hospitals
      3. Clinics
    4. Global Vascular Closure Devices (VCD) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott Laboratories
      2. Cardinal Health Inc
      3. Terumo Corporation
      4. Merit Medical Systems Inc
      5. Medtronic plc
      6. Teleflex Incorporated
      7. B. Braun Melsungen AG
      8. Vasorum Ltd
      9. Essential Medical Inc
      10. Morris Innovative Inc
  7. Analyst Views
  8. Future Outlook of the Market