Arteriotomy Closure Devices market with Manufacturers, Countries, Type and Application, Forecast to 2023, New Research Report Announced by QY Research. The report Contain Segmentation, Current Trends, Emerging Challenges, Strategic Alliances.
City of Industry, CA -- (SBWIRE) -- 06/13/2018 -- This report studies the global Arteriotomy Closure Devices market status and forecast, categorizes the global Arteriotomy Closure Devices market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Arteriotomy closure devices (ACDs) were introduced in 1995 to decrease vascular complications and reduce the time to hemostasis and ambulation. Subsequently, several generations of passive and active ACDs have been introduced that incorporate suture, collagen plug, nitinol clip, and other mechanisms to achieve hemostasis.
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In the coming years there is an increasing demand for Arteriotomy Closure Devices in the regions of North America and Europe, mainly in United States, is expected to drive the market for more advanced Arteriotomy Closure Devices. Growth is attributed to rising prevalence of lifestyle diseases, aging of the population and government initiatives in establishing innovative technologies and demand for sophisticated medical services.
Globally, the Arteriotomy Closure Devices industry market is concentrated as the manufacturing technology of Arteriotomy Closure Devices is relatively matures than some high-tech equipment. And some enterprises, like Abbott Vascular, Cardinal Health, St. Jude Medical, are well-known for the wonderful performance of their Arteriotomy Closure Devices and related services. At the same time, United States is remarkable in the global Arteriotomy Closure Devices industry because of their market share and technology status of Arteriotomy Closure Devices.
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The consumption volume of Arteriotomy Closure Devices is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Arteriotomy Closure Devices industry may not keep that fast. But it is surely forecasted that the market of Arteriotomy Closure Devices is still promising.
The global Arteriotomy Closure Devices market is valued at 870 million US$ in 2017 and will reach 1590 million US$ by the end of 2025, growing at a CAGR of 7.9% during 2018-2025.
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The major players covered in this report
St. Jude Medical