Press Release

Persistence Market Research recently published a market study that provides analytical insights related to the overall prospects of the Large-Bore Closure Device Market during the forecast period 2018 – 2028. The report aims to assist business players, stakeholders, and investors to improve their standing in the current market landscape and gain a competitive edge over their competitors. The presented study evaluates the major trends, opportunities, drivers, and challenges that are expected to impact the growth of the Large-Bore Closure Device Market in the upcoming years.

The report reveals that the Large-Bore Closure Device Market is expected to register a CAGR growth of ~XX% during the forecast period and surpass the value of ~US$XX by the end of 2018 – 2028. Some of the leading factors that are expected to drive the growth of the market include, rising investments for research and development, the advent of cutting-edge technology, and favorable government policies in certain regions.

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Essential Findings of the Report:

  • Most effective marketing and distribution channels adopted by market players
  • Market attractiveness of various regional markets
  • Trends influencing the current dynamics of the Large-Bore Closure Device Market
  • Growth prospects of various market segments
  • Leading market players in the Large-Bore Closure Device Market

The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Large-Bore Closure Device Market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Large-Bore Closure Device Market who can leverage the information in the report to develop effective business strategies.

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key players to utilize novel closure technology and features will help in providing immediate hemostasis and reduce complications and material costs associated with large-bore closure procedures.

It is expected that the large-bore closure device usage will increase by over 20% Y-O-Y due to increase in cardio vascular patients and geriatric population. These products are one the fastest selling in cardiovascular devices. However, the market is also challenged by many restraints such as closure of large-bore femoral access sites, long procedural waiting time, and presence of vascular specialist in the catheterization lab, delay in ambulation, higher rate of complications and higher total cost of care. Many leading manufactures are investing huge in their research and are poised to design with technical improvements in order to address the complexities.  It is expected that challenges such as closing large punctures in high-pressure vessels could be met along with fast hemostasis in order to reduce complications associated with large-bore closure device

The global Large-Bore Closure Device market can be segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America dominates the large-bore closure device with a large revenue share. The domination of the region is due to rise in geriatric population and sedentary lifestyle amongst most people which is likely to increase cardiovascular and thoracic patients in the region.  This is supposed to increase the usage of large-bore closure device usage in performing various endovascular and percutaneous interventions. Europe, is expected to be the second most lucrative region for large-bore closure device in terms of revenue share. The region investing aggressively in healthcare and research, is also expected to contribute significantly to large-bore closure device market share. China and India from Asia Pacific region, are expected to grow aggressively during the forecast period. Brazil and Mexico from Latin America are also anticipated to contribute significantly to the large-bore closure device market. The key to the market growth in these developing countries include improvised macro-economic factors such as rise in medical insurance, and improvement in healthcare expenditure. Additionally, increased market penetration by leading large-bore closure device manufacturers is also going to cut down devices prices through distributorship and sell partnerships. MEA is also staged to grow in the forecast period at an average rate. The region covers maximum low economies of African region. However, factors such as lack of healthcare infrastructure and low profile healthcare regulatory bodies will restrain its market growth significantly in these regions.

Some of the market players in large-bore closure device market globally include Abbott Laboratories, St. Jude Medical, Vascular Solutions, Transluminal Technologies, Vasorum, Cardinal Health InSeal Medical, Vivasure Medical, Essential Medical, Inc, Terumo Corporation, Medeon Biodesign, Inc., The report covers exhaustive analysis on:

  • Global Large-Bore Closure Device market segments
  • Global Large-Bore Closure Device market dynamics
  • Historical actual market size, 2013 – 2017
  • Global Large-Bore Closure Device market size & forecast 2018 to 2026
  • Global Large-Bore Closure Device market current trends/issues/challenges
  • Competition & companies involved
  • Global Large-Bore Closure Device market drivers and restraints

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

The report clarifies the following doubts related to the Large-Bore Closure Device Market:

  • Which region offers promising growth opportunities in the Large-Bore Closure Device Market during the forecast period 2018 – 2028?
  • How can new market players establish their presence in the Large-Bore Closure Device Market?
  • What is the impact of technology on the Large-Bore Closure Device Market?
  • What is the estimated value of the Large-Bore Closure Device Market in 2019?
  • What are the factors that could impede the growth of the Large-Bore Closure Device Market?

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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