(Health-NewsWire.Net, September 21, 2018 ) The Vascular closure devices are used to achieve homeostasis after puncturing of an artery during catheterization procedures. Puncturing is normally done to femoral artery to conduct angiogram tests or for endovascular surgeries. The vascular closure devices consist of a suture or a small piece of collagen or a metallic clip. VCDs have achieved significant growth since their introduction. Prior to the introduction of VCDs, manual compression was used to achieve homeostasis. It is a painful procedure and it requires anticoagulation agents and it also requires bed rest for patients for long periods of time. VCDs decreased the time and effort required for stopping the blood flow and increased the comfort for patients.
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Drivers and Restraints:
The decrease in access site complications due to the usage of VCDs, decrease in discharge time and increase in the cardiovascular devices are the major factors driving the vascular closure devices market. Increase in popularity for minimally invasive surgeries and increased adoption of latest technology and devices in healthcare are also expected to drive the market. The Lack of awareness of physicians regarding the disadvantages of using VCDs at the wrong time, rising cost of implantable VCDs are inhibiting the growth rate of the market.
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Geographic Segmentation
The Europe vascular closure devices market is geographically divided into UK, Germany, France, Spain and Italy. The Increase in the per capita income of people and disposable incomes with increasing cardiovascular diseases are responsible for growth of the market.
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The major shareholders in Europe vascular closure devices market are Biotronik GMBH & CO.KG, Abbott Vascular, Cardinal Health, Merit Medical Systems, Inc., Medtronic, Cardival Medical, Inc., Boston Scientific Corporation, Essential Medical, Inc., W L. Gore & Associates; St. Jude Medical, TZ Medical, Inc. and Scion Biomedical.
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