Global Vascular Closure Devices Market 2016-2020 July 2016 | Page 2

Global Vascular Closure Devices Market 2016-2020
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The analysts forecast the global vascular closure devices market to grow at a CAGR of 8.67% during the period
2016-2020. The global vascular closure devices market is likely to grow at a steady pace during the forecast
period. This is because many clinical studies regarding vascular closure devices raised concerns about their
safety and efficacy profiles. In many clinical cases, manual compressions were used as vascular closure devices
that failed to show their efficacy. Vascular closure devices are used for both diagnostic and therapeutic
interventions.

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Concerns regarding these devices have led vendors to invest extensively in their R&D. These devices help in
the diagnosis and treatment of cardiac diseases. A rise in the incidence of these diseases will lead to the
demand and sales of vascular closure devices. The sales will further increase with the rapid adoption of
minimally invasive equipment for cardiac surgeries. Minimally invasive surgeries such as angiography cause
less pain, minimize infections, and help reduce hospital stay.

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