According to FutureWise analysis the market for arteriotomy closure devices is expected to register a CAGR of 6.82% from 2023-2031.
A surgery procedure that involves opening or cutting an artery wall is called an arteriotomy. Devices used to close arteries cut during surgery are called arteriotomy closure devices. The market is driven by the increase in vascular disorders and rising risk factors (such as smoking, poor diet, and sedentary lifestyle) that cause vascular complications. Also propelling the market growth is the aging population, On the other hand, some of the devices pose risks. The growth of the market will be driven by developments in arteriotomy closure devices. As compared to other vascular closure devices, arterial closure devices (ACDs) have proven to be the most effective in reducing bed rest, time, pain, and discomfort associated with mechanical compression. There is an arterial closure device (ACD) and a deployment tool in an arterial closure system. Using the deployment tool, ACD is integrated into the contacting site vessel. ACDs can be active or passive.
Active ACDs close the arterial circulation while passive ACDs close the vessels. Devices that close the arterial circulation include suture devices, collagen plugs, and clips. A passive closure device is useful for providing mechanical compression with enhanced hemostasis. The hemostasis pads and compression devices include FemoStop, Boomerang, Safeguard, Chito-Seal, and D-Stat. The factors driving the arterial closure devices (ACDs) market include the aging population due to advances in health care techniques, the need for endovascular procedures, reduced complications associated with the use of ACDs, and patient comfort. However, the low adoption rate in developing nations, high prices of implantable arterial devices, and high incidence of leg ischemia are hindering market growth.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Arteriotomy Closure Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Arteriotomy Closure Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.