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).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.
Global Vascular Closure Devices (VCD) Market Recent Developments
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In 2021, Vivasure Medical Ltd. (Ireland) announced the development of its product, PerQseal Blue. This product is a large-bore vascular closure device used after interventional cardiovascular procedures.
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In 2021, Vivasure Medical Ltd. (Ireland) announced the development of its product, PerQseal Blue. This product is a large-bore vascular closure device used after interventional cardiovascular procedures.
Segment Analysis
The Global Vascular Closure Devices (VCD) Market is segmented by Product, Access Site, End Use, and Geography, each providing insights into the dynamics of this specialized market. By Product, the market includes a variety of vascular closure devices such as mechanical, passive, and active devices. Mechanical devices dominate the market due to their high efficiency in achieving rapid hemostasis. Active devices are also witnessing a rise in adoption because of their enhanced control over bleeding, while passive devices remain cost-effective options for specific patient groups. These different products are continually being improved to address complications and improve patient outcomes.
The Access Site segmentation includes femoral, radial, and other access sites. Femoral access has traditionally been the most common site for vascular interventions, but radial access is gaining popularity due to its lower complication rates and quicker recovery times. The shift towards radial access has driven demand for specialized closure devices designed for this access site. Meanwhile, the other access sites such as brachial and jugular are used less frequently but still contribute to market growth, particularly for complex procedures like endovenous treatments or specialized diagnostic tests.
By End Use, the market is divided into hospitals, ambulatory surgical centers (ASCs), and specialty clinics. Hospitals hold the largest market share due to the high volume of vascular procedures performed in these settings, such as coronary artery bypass grafting (CABG) and angioplasty. Ambulatory surgical centers are rapidly adopting vascular closure devices due to the increase in outpatient procedures and the demand for faster recovery times. Lastly, specialty clinics, which focus on specific areas like cardiovascular or interventional radiology, are becoming an important end user as these devices improve patient care during more targeted interventions.
Global Vascular Closure Devices (VCD) Segment Analysis
In this report, the Global Vascular Closure Devices (VCD) Market has been segmented by Product, Access Site, End Use and Geography.
Global Vascular Closure Devices (VCD) Market, Segmentation by Product
The Global Vascular Closure Devices (VCD) Market has been segmented by Product into Active Approximators, Passive Approximators and External hemostatic devices.
Active Approximators are devices that actively facilitate the closure of vascular access sites through mechanical or suture-based methods. These devices are highly effective in achieving rapid hemostasis and are particularly beneficial in large-bore access sites where bleeding complications are more frequent. Examples of active approximators include suture-mediated closure devices, clip-based closure systems, and collagen plug devices. Their precise mechanism of action and reliability make them a preferred choice among interventional cardiologists and radiologists, contributing to their significant share in the VCD market.
Passive Approximators rely on the body's natural coagulation process to achieve hemostasis. These devices often include materials that promote clot formation at the puncture site, such as collagen, thrombin, or polyethylene glycol. While they might take slightly longer to achieve hemostasis compared to active devices, they are less invasive and can be suitable for patients where mechanical intervention might pose additional risks. Passive approximators are valued for their ease of use and minimal complications, making them a viable option in many clinical scenarios, particularly for smaller access sites.
External Hemostatic Devices are applied externally to the skin at the vascular access site. These devices include patches and pads that exert pressure to stop bleeding and promote clotting. They are often used as adjuncts to manual compression or as primary hemostatic agents in certain cases. External hemostatic devices are non-invasive and easy to apply, making them a convenient option in both inpatient and outpatient settings. They are particularly useful in cases where immediate device-based hemostasis is not possible, or as a backup to ensure complete closure post-procedure.
Global Vascular Closure Devices (VCD) Market, Segmentation by Access Site
The Global Vascular Closure Devices (VCD) Market has been segmented by Access Site into Femoral, Radial and Others.
The Global Vascular Closure Devices (VCD) Market is segmented by Access Site into Femoral, Radial, and Others, each reflecting different approaches to vascular access and closure during interventional procedures. Femoral access, historically the most common site for procedures such as angiograms and coronary interventions, continues to dominate the market. However, the increased focus on minimizing complications such as bleeding and infections, as well as the development of less invasive techniques, is driving the adoption of alternative access sites.
The Radial access site is gaining significant traction in the market due to its lower risk of complications compared to femoral access. Radial artery access is associated with reduced bleeding risks, faster patient recovery, and greater patient comfort, making it an increasingly preferred choice for coronary procedures and diagnostic interventions. As a result, the demand for vascular closure devices for radial access is growing rapidly. This segment is anticipated to witness substantial growth as the medical community continues to shift towards radial access in interventional cardiology and peripheral vascular interventions.
The Others category encompasses a range of less common access sites, such as brachial and jugular veins, which are used depending on patient condition or specific medical procedures. While the demand for vascular closure devices for these sites is smaller compared to femoral and radial access, the rise in specialized procedures, such as endovenous laser therapy or specific diagnostic interventions, is contributing to a steady increase in their use. As healthcare practices evolve, the development of vascular closure devices for these specialized access sites will continue to play a key role in the market’s expansion.
Global Vascular Closure Devices (VCD) Market, Segmentation by End Use
The Global Vascular Closure Devices (VCD) Market has been segmented by End Use into Acute Care Facilities, Hospitals and Clinics.
Acute care facilities play a crucial role in the treatment of cardiovascular conditions requiring immediate medical attention. These facilities are equipped with advanced medical technologies and skilled healthcare professionals capable of performing complex procedures such as catheterization and angioplasty. As a result, there is a growing demand for vascular closure devices in acute care settings to efficiently manage post-procedural complications and ensure patient safety.
Hospitals represent another significant end user of vascular closure devices. With the growing burden of cardiovascular diseases worldwide, hospitals are witnessing a surge in the number of patients undergoing diagnostic and interventional procedures. Vascular closure devices offer several advantages in hospital settings, including reduced procedure time, shorter hospital stays, and improved patient comfort. Moreover, hospitals often have dedicated cardiac catheterization laboratories equipped with state-of-the-art equipment, where vascular closure devices are routinely used to achieve hemostasis following arterial access.
Clinics, including both standalone facilities and outpatient departments within larger healthcare institutions, are also contributing to the demand for vascular closure devices. These settings cater to patients requiring less complex procedures or those seeking follow-up care after hospitalization. Vascular closure devices offer clinicians in outpatient settings a convenient and effective means of achieving hemostasis, thereby enhancing patient satisfaction and promoting faster recovery.
Global Vascular Closure Devices (VCD) Market, Segmentation by Geography
In this report, the Global Vascular Closure Devices (VCD) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Vascular Closure Devices (VCD) Market Share (%), by Geographical Region, 2024
North America holds a dominant position in the global VCD market, owing to factors such as high healthcare expenditure, well-established healthcare infrastructure, and a large patient pool suffering from cardiovascular diseases. Moreover, the presence of key market players and ongoing research and development activities further contribute to the region's market growth.
Europe is also a significant market for vascular closure devices, propelled by a growing geriatric population and rising awareness about minimally invasive surgical procedures. Additionally, favorable reimbursement policies and increasing adoption of advanced medical technologies in countries like Germany, France, and the United Kingdom are boosting market expansion in the region.
The Asia Pacific region is witnessing rapid market growth due to improving healthcare infrastructure, rising disposable income levels, and increasing investments in healthcare by governments and private sector entities. Countries such as China, India, and Japan are major contributors to the region's market growth, driven by a large patient population and growing demand for innovative medical devices.
In the Middle East and Africa region, the market for vascular closure devices is poised for significant growth due to increasing prevalence of cardiovascular diseases, improving access to healthcare services, and rising investments in healthcare infrastructure development. However, market growth may be hindered by challenges such as limited access to advanced medical technologies in certain areas and socioeconomic factors impacting healthcare accessibility.
Latin America represents another emerging market for vascular closure devices, driven by a rising prevalence of cardiovascular diseases, improving healthcare infrastructure, and increasing healthcare expenditure. Moreover, supportive government initiatives aimed at enhancing healthcare access and affordability are expected to fuel market growth in the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Vascular Closure Devices (VCD) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing cardiovascular disease prevalence
- Technological advancements in VCDs
- Rising geriatric population globally
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Growing minimally invasive procedures: The global vascular closure devices (VCD) market is experiencing robust growth, largely fueled by the increasing adoption of minimally invasive procedures. As medical technology advances, there's a growing preference for minimally invasive techniques among both patients and healthcare providers due to their numerous benefits, including reduced recovery times, shorter hospital stays, and lower risk of complications. Vascular closure devices play a crucial role in these procedures by facilitating efficient and safe closure of puncture sites in blood vessels, thus minimizing the risk of bleeding and other post-procedural complications.
One of the key factors driving the growth of the VCD market is the rising prevalence of cardiovascular diseases worldwide. Conditions such as coronary artery disease, peripheral artery disease, and structural heart defects require various interventional procedures, such as angioplasty, stenting, and transcatheter aortic valve replacement (TAVR). With an aging population and changing lifestyles contributing to the increasing incidence of these conditions, there's a growing demand for minimally invasive treatments, driving the adoption of vascular closure devices.
Technological advancements in vascular closure devices are also contributing to market growth. Manufacturers are continuously innovating to develop devices that offer improved efficacy, safety, and ease of use. For instance, newer generations of VCDs feature enhanced sealing mechanisms, reduced deployment times, and compatibility with a wide range of catheter sizes, making them suitable for various anatomical considerations and procedural requirements. These innovations not only enhance patient outcomes but also streamline procedural workflows for healthcare providers, further driving the adoption of VCDs in minimally invasive interventions.
Restraints
- High costs of devices
- Risk of complications
- Stringent regulatory approvals
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Limited reimbursement policies: The global vascular closure devices (VCD) market has witnessed significant growth in recent years, driven by an increasing prevalence of cardiovascular diseases and a growing preference for minimally invasive procedures. However, one of the major challenges faced by the market is limited reimbursement policies. Reimbursement policies play a crucial role in determining the adoption rate of VCDs, as they directly impact the affordability of these devices for patients. In many regions, reimbursement policies for VCDs may be limited or inconsistent, leading to financial constraints for both patients and healthcare providers.
Limited reimbursement policies can pose a barrier to the widespread adoption of VCDs, particularly in emerging economies where healthcare infrastructure and insurance coverage may be less developed. Patients may face difficulties in accessing these devices due to out-of-pocket expenses, while healthcare providers may hesitate to offer VCD procedures if reimbursement rates are inadequate. Moreover, the lack of uniform reimbursement policies across different regions can create challenges for manufacturers seeking to penetrate new markets and expand their customer base.
To address the issue of limited reimbursement policies, stakeholders in the VCD market, including manufacturers, healthcare providers, and policymakers, need to collaborate to advocate for improved reimbursement frameworks. This may involve engaging with insurance companies and government agencies to demonstrate the clinical and economic benefits of VCDs compared to traditional vascular closure methods. Additionally, investments in health infrastructure and regulatory reforms may be necessary to create a more conducive environment for the adoption of VCDs, ensuring that patients have equitable access to these life-saving technologies.
Opportunities
- Emerging markets expansion
- Development of new products
- Increasing healthcare expenditure
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Collaborations and partnerships: The global vascular closure devices (VCD) market has witnessed significant growth in recent years, primarily driven by the rising prevalence of cardiovascular diseases and the increasing demand for minimally invasive procedures. Collaborations and partnerships have played a crucial role in shaping the competitive landscape of this market. Companies are leveraging partnerships to enhance their product offerings, expand their market reach, and accelerate innovation. For instance, major players in the VCD market often collaborate with healthcare providers and research institutions to conduct clinical trials and gather real-world evidence to validate the safety and efficacy of their devices. These collaborations not only facilitate the development of advanced VCDs but also contribute to improving patient outcomes by ensuring the adoption of best practices.
Collaborations between VCD manufacturers and healthcare organizations enable the customization of closure solutions to meet the specific needs of different patient populations. By collaborating with healthcare providers, companies gain valuable insights into clinical workflows and patient preferences, which helps in the design and development of VCDs that offer superior performance and patient comfort. Additionally, partnerships with distribution networks and regulatory agencies enable VCD manufacturers to navigate complex market dynamics and ensure compliance with regulatory requirements across different geographies. Through strategic collaborations, companies can establish a strong presence in key markets and effectively address the evolving needs of healthcare providers and patients.
Collaborations and partnerships play a pivotal role in fostering innovation in the VCD market. By pooling together resources and expertise, companies can accelerate the development of next-generation VCDs that incorporate advanced technologies such as robotics, artificial intelligence, and biocompatible materials. Collaborations between VCD manufacturers and technology companies enable the integration of digital health solutions, such as remote monitoring and data analytics, to optimize procedural outcomes and post-operative care. Additionally, partnerships with academic institutions and research organizations facilitate knowledge exchange and promote the translation of scientific discoveries into clinically relevant solutions. Overall, collaborations and partnerships are essential drivers of growth and innovation in the global vascular closure devices market, enabling companies to address unmet medical needs and improve patient care.
Competitive Landscape Analysis
Key players in Global Vascular Closure Devices (VCD) Market include:
- Abbott Laboratories
- Cardinal Health Inc
- Terumo Corporation
- Merit Medical Systems Inc
- Medtronic plc
- Teleflex Incorporated
- B. Braun Melsungen AG
- Vasorum Ltd
- Essential Medical Inc
- Morris Innovative Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Access Site
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Global Vascular Closure Devices (VCD) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing cardiovascular disease prevalence
- Technological advancements in VCDs
- Rising geriatric population globally
- Growing minimally invasive procedures
- Restraints
- High costs of devices
- Risk of complications
- Stringent regulatory approvals
- Limited reimbursement policies
- Opportunities
- Emerging markets expansion
- Development of new products
- Increasing healthcare expenditure
- Collaborations and partnerships
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Vascular Closure Devices (VCD) Market, By Product, 2021 - 2031 (USD Million)
- Active Approximators
- Suture-Based Devices
- Clip-Based Devices
- Passive Approximators
- Collagen Plugs
- Sealant- or Gel-Based Devices
- Compression-Assist Devices
- External hemostatic devices
- Active Approximators
- Global Vascular Closure Devices (VCD) Market, By Access Site, 2021 - 2031 (USD Million)
- Femoral
- Radial
- Others
- Global Vascular Closure Devices (VCD) Market, By End Use, 2021 - 2031 (USD Million)
- Acute Care Facilities
- Hospitals
- Clinics
- Global Vascular Closure Devices (VCD) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Vascular Closure Devices (VCD) Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Abbott Laboratories
- Cardinal Health Inc
- Terumo Corporation
- Merit Medical Systems Inc
- Medtronic plc
- Teleflex Incorporated
- B. Braun Melsungen AG
- Vasorum Ltd
- Essential Medical Inc
- Morris Innovative Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market