Rising Worldwide Prevalence of Cardiovascular Disorders to

2022-08-08 21:17:36 By : Ms. DAVID HUANG

August 08, 2022 11:00 ET | Source: FACT.MR FACT.MR

United States, Rockville MD, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Global vascular closure device sales are projected to increase at a CAGR of 6.6% over the next four years. As of 2022, the vascular closure devices market stands at a valuation of US$ 834 million and is projected to reach US$ 1.1 billion by the end of 2026.

Rising prevalence of cardiovascular disorders across the world is a prime factor that is projected to propel vascular closure device demand over the forecast period. High incidence of obesity, growing awareness of cardiovascular illnesses, and rapid technological advancements in vascular closure systems are other factors that will drive demand for vascular closure devices through 2026.

Vascular closure device manufacturers are projected to focus on expanding their business scope and increasing their sales potential.

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Key Takeaways from Market Study

“Advancements in technology are expected to be an area of prime focus for vascular closure device manufacturers over the coming years,” says a Fact.MR analyst

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Product innovation is anticipated to be a major area of focus for all key vascular closure device market players over the coming years. Vascular closure device companies are expected to witness an increase in investments in their R&D divisions as they focus on launching novel products to meet the increasing demand across the world.

Fact.MR, a market research and competitive intelligence provider, has created a comprehensive assessment of the current as well as predicted competitive landscape, in this latest vascular closure devices market research report.

Vascular closure device manufacturers are anticipated to focus on novel product innovation and are expected to fast-track the launch of these new products to increase their sales potential.

Key Segments in Vascular Closure Devices Industry Research

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global vascular closure devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2026.

The study divulges essential insights on the market on the basis of type (active approximators, passive approximators, external hemostatic devices), access (femoral, radial), and procedure (interventional cardiology, interventional radiology/vascular surgeries), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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