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Vascular Closure Devices Market Overview, Competitors Strategy And Analysis

Vascular Closure Devices Market OverviewVascular closure devices are intended to prevent arterial blood loss or bleeding after an endovascular surgery needing catheterization such as angioplasty, stent and heart thrombectomy.The global vascular closure devices market size is experiencing a rapid growth surge owing to the continually expanding number of cardiac procedures resulting from a combination of the growing prevalence of cardiopathies and exposure to risk factors.As the American Heart Association opined in their report, cardiovascular disease accounted for 836,546 deaths in the U.S. in 2018 and almost 2,300 U.S. citizens die of cardiovascular disease per day.According to data estimates, almost 92.1 million Americans suffer from cardiovascular disease in 2018.Thus, a large market is easily comprehendible.The growing exposure to risk factors, such as substance abuse, sedentary living, the growing number of obese people and consumption of fatty foods is another cause behind the drivers of the vascular closure devices market.Market Research Future (MRFR) discusses in the report about the growth of the global vascular closure devices market, which according to them is expected to register a strong CAGR of over 6.8% over the assessment period of 2016 to 2023.New product development is the key to dominate the vascular closure devices market.The emergence of bioabsorbable novel materials such as polyethylene glycol is driving a faster adoption owing to greater patient comfort and gentle deployment of the closing plug and lack of intravascular components.Additional factors that are substantiating the market growth include growing per capita income, health insurance and growing reimbursement towards heart diseases.Additionally, factors such as the developments in the healthcare sector are expected to drive the Europe vascular closure devices market.The market for the Asia Pacific vascular closure devices is anticipated to emerge as the largest market globally.
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