Closure Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Global Closure Devices Market size is expected to reach over $6.3 billion during the forecast period 2022-2028.

Closure devices have emerged as an effective alternative to traditional mechanical compression for occlusion of the femoral artery and are widely used in patients undergoing catheterization via the femoral route. It is inserted at the end of the procedure. Available devices fall into two categories: passive closure devices and active closure devices. Passive vascular occluders stop bleeding by using substances that cause clots to form or by using mechanical pressure.

Market Segments

By Type

• Passive Approximators
  • Collagen Plugs
  • Sealant or Gel-based Devices
  • Compression Assist Devices
• Active Approximators
  • Suture-based Devices
  • Clip-based Devices
• External Hemostatic Devices

By Access

• Femoral Access
• Radial Access

Key Players

Closure Devices market key players are Intuitive Surgical, Inc, Johnson & Johnson Services Inc, Pfizer Inc, Lupin, Siemens, Koninklijke Philips NV, Intuitive Surgical, Inc, Cook, Medtronic, Teva Pharmaceutical Industries Ltd, Medsinglong Co Ltd., Guangzhou Medunion Technologies Co.ltd and Guangzhou Maya Medical Equipment.Co.ltd.

Scope of the Report

The research study analyzes the global Closure Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Closure Devices Market Report

1. What was the Closure Devices Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Closure Devices Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Closure Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.