Asia Pacific Vascular Closure Device Market Forecast to 2030 - Regional Analysis - by Product Type (Active Approximators, Passive Approximators, and External Hemostatic Devices), Access (Femoral Access and Radial Access), Procedure (Interventional Cardiology, Interventional Radiology, and Endovascular Surgery), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
Untapped Potential of Emerging Economies Drives Asia Pacific Vascular Closure Device Market
Emerging countries such as India and China are expected to offer significant growth opportunities for vascular closure devices market players due to rising disposable incomes, expanding patient population, increasing R&D activities, improving healthcare infrastructure, growing CVD awareness, and relatively lenient guidelines compared to developed countries. As per the World Bank, health spending in India and China increased by 3.01% and 5.35%, respectively, from 2018 to 2019. Also, there has been an upsurge in heart failure cases over the past decade in emerging markets, which has resulted in a large number of cardiovascular disease-related deaths. As per the India Brand Equity Foundation, hospitals contribute to ~70% of the revenue of the healthcare sector in India. In China, the number of private hospitals reached up to 36,000 in 2022. Moreover, the private hospitals account for ~57% of total number of hospitals in the country. The number of surgical centers and hospitals in developing markets is estimated to grow due to rising healthcare spending and a surge in the target patient population. Therefore, the development of healthcare facilities in developing economies along with a surge in a number of hospitals would propel the awareness and adoption of vascular closure devices in emerging economies. Further, vast competition in developed or matured markets encourages vascular closure device manufacturers to focus on developing markets, which is likely to offer growth opportunities for vascular closure device providers to attain a significant position in the market.
Asia Pacific Vascular Closure Device Market Overview
China is a developing country with a well-established healthcare system and a large medical device industry. It is home to medical device manufacturing, pharmaceutical, and biotechnology companies operating globally. It has witnessed a significant increase in cardiovascular disease (CVD) cases due to sedentary lifestyles, unhealthy diets, and an aging population. According to a study published in BioMed Central in 2022, CVDs are responsible for more than 40% of total deaths in China. The prevalence of CVD has more than doubled during 1990-2019, with the cases rising from 50.13 million in 1990 to 120.33 million in 2019. Additionally, CVD-related mortality increased from 2.42 million in 1990 to 4.58 million in 2019. Thus, the large and flourishing medical device industry, high cardiovascular disease prevalence, and increasing demand for minimally invasive surgery propel the growth of the vascular closure devices market in China.
Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Vascular Closure Device Market Segmentation
The Asia Pacific vascular closure device market is segmented based on product type, access, procedure, end user, and country.
Based on product type, the Asia Pacific vascular closure device market is segmented into active approximators, passive approximators, and external hemostatic devices. The passive approximators segment held the largest share in 2022. The active approximators segment is further segmented into suture mediated device and staple clips mediated device. The passive approximators segment is further segmented into sealant and gel based, compression devices, and collagen plug.
By access, the Asia Pacific vascular closure device market is bifurcated into femoral access and radial access. The femoral access segment held a larger share in 2022.
By procedure, the Asia Pacific vascular closure device market is segmented into interventional cardiology, interventional radiology, and endovascular surgery. The interventional cardiology access segment held the largest share in 2022.
In terms of end user, the Asia Pacific vascular closure device market is categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share in 2022.
Based on country, the Asia Pacific vascular closure device market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific vascular closure device market in 2022.
Cordis Corp, Haemonetics Corp, Abbott Laboratories, Becton Dickinson and Co, Cardinal Health Inc, Medtronic Plc, and Teleflex Inc are some of the leading companies operating in the Asia Pacific vascular closure device market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Vascular Closure Device Market - Key Industry Dynamics
4.1 Market Drivers
4.1.1 Increasing Prevalence of Cardiovascular Diseases
4.1.2 Burgeoning Demand for Minimally Invasive Devices
4.2 Market Restraints
4.2.1 Risk of Infection Related to Vascular Closure Devices
4.3 Market Opportunities
4.3.1 Untapped Potential of Emerging Economies
4.4 Future Trends
4.4.1 Strategic Activities by Manufacturers
4.5 Impact Analysis:
5. Vascular Closure Device Market - Asia Pacific Market Analysis
5.1 Asia Pacific Vascular Closure Device Market Revenue (US$ Mn), 2022 - 2030
6. Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 - by Product Type
6.1 Overview
6.2 Asia Pacific Vascular Closure Device Market Revenue Share, by Product Type 2022 & 2030 (%)
6.3 Active Approximators
6.3.1 Overview
6.3.2 Active Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
6.3.2.1 Active Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
6.4 Passive Approximators
6.4.1 Overview
6.4.2 Passive Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
6.4.2.1 Passive Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
6.5 External hemostatic devices
6.5.1 Overview
6.5.2 External hemostatic devices: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 - by Access
7.1 Overview
7.2 Asia Pacific Vascular Closure Device Market Revenue Share, by Access 2022 & 2030 (%)
7.3 Femoral Access
7.3.1 Overview
7.3.2 Femoral Access: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Radial Access
7.4.1 Overview
7.4.2 Radial Access: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 - by Procedure
8.1 Overview
8.2 Asia Pacific Vascular Closure Device Market Revenue Share, by Procedure 2022 & 2030 (%)
8.3 Interventional Cardiology
8.3.1 Overview
8.3.2 Interventional Cardiology: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Interventional Radiology
8.4.1 Overview
8.4.2 Interventional Radiology: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Endovascular Surgical
8.5.1 Overview
8.5.2 Endovascular Surgical: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 - by End Users
9.1 Overview
9.2 Asia Pacific Vascular Closure Device Market Revenue Share, by End Users 2022 & 2030 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Ambulatory Surgical Center
9.4.1 Overview
9.4.2 Ambulatory Surgical Center: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Vascular Closure Device Market - Country Analysis
10.1.1.1 Asia Pacific Vascular Closure Device Market by Country
10.1.1.2 China
10.1.1.2.1 Overview
10.1.1.2.2 China: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.2.3 China Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.2.3.1 China: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.2.3.2 China: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.2.4 China: Asia Pacific Vascular Closure Device Market, by Access
10.1.1.2.5 China: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.2.6 China: Asia Pacific Vascular Closure Device Market, by End Users
10.1.1.3 Japan
10.1.1.3.1 Overview
10.1.1.3.2 Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.3.3 Japan: Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.3.3.1 Japan: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.3.3.2 Japan: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.3.4 Japan: Asia Pacific Vascular Closure Device Market, by Access
10.1.1.3.5 Japan: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.3.6 Japan: Asia Pacific Vascular Closure Device Market, by End Users
10.1.1.4 India
10.1.1.4.1 Overview
10.1.1.4.2 India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.4.3 India: Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.4.3.1 India: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.4.3.2 India: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.4.4 India: Asia Pacific Vascular Closure Device Market, by Access
10.1.1.4.5 India: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.4.6 India: Asia Pacific Vascular Closure Device Market, by End Users
10.1.1.5 Australia
10.1.1.5.1 Overview
10.1.1.5.2 Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.5.3 Australia: Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.5.3.1 Australia: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.5.3.2 Australia: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.5.4 Australia: Asia Pacific Vascular Closure Device Market, by Access
10.1.1.5.5 Australia: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.5.6 Australia: Asia Pacific Vascular Closure Device Market, by End Users
10.1.1.6 South Korea
10.1.1.6.1 Overview
10.1.1.6.2 South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.6.3 South Korea: Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.6.3.1 South Korea: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.6.3.2 South Korea: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.6.4 South Korea Asia Pacific Vascular Closure Device Market, by Access
10.1.1.6.5 South Korea: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.6.6 South Korea: Asia Pacific Vascular Closure Device Market, by End Users
10.1.1.7 Rest of Asia Pacific
10.1.1.7.1 Overview
10.1.1.7.2 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
10.1.1.7.3 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Product Type
10.1.1.7.3.1 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Active Approximators, 2020-2030 (US$ Million)
10.1.1.7.3.2 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Passive Approximators , 2020-2030 (US$ Million)
10.1.1.7.4 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Access
10.1.1.7.5 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Procedure
10.1.1.7.6 Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by End Users
11. Vascular Closure Device Market Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Vascular Closure Devices Market
11.3 Inorganic Growth Strategies
11.3.1 Overview
11.4 Organic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Cordis Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Haemonetics Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Abbott Laboratories
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Becton Dickinson and Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cardinal Health Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Medtronic Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teleflex Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About Us
13.2 Glossary of Terms
List of Tables
Table 1. Asia Pacific Vascular Closure Device Market Segmentation
Table 2. China Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 3. China: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 4. China: Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 5. China: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 6. China: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 7. China: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 8. Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 9. Japan: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 10. Japan: Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 11. Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 12. Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 13. Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 14. India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 15. India: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 16. India: Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 17. India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 18. India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 19. India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 20. Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 21. Australia: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 22. Australia: Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 23. Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 24. Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 25. Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 26. South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 27. South Korea: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 28. South Korea: Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 29. South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 30. South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 31. South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 32. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Product Type
Table 33. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market, by Active Approximators- Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Asia Pacific Vascular Closure Device Market, by Passive Approximators - Revenue and Forecast to 2030 (US$ Million)
Table 35. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Access
Table 36. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - Procedure
Table 37. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn) - End Users
Table 38. Recent Inorganic Growth Strategies in the Vascular Closure Devices Market
Table 39. Recent Organic Growth Strategies in the Vascular Closure Devices Market
Table 40. Glossary of Terms, Asia Pacific Vascular Closure Device Market
List of Figures
Figure 1. Asia Pacific Vascular Closure Device Market Segmentation, By Country
Figure 2. Asia Pacific Vascular Closure Device Market - Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Vascular Closure Device Market Revenue (US$ Mn), 2020 - 2030
Figure 5. Asia Pacific Vascular Closure Device Market Revenue Share, by Product Type 2022 & 2030 (%)
Figure 6. Active Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Passive Approximators: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. External hemostatic devices: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Asia Pacific Vascular Closure Device Market Revenue Share, by Access 2022 & 2030 (%)
Figure 10. Femoral Access: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Radial Access: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asia Pacific Vascular Closure Device Market Revenue Share, by Procedure 2022 & 2030 (%)
Figure 13. Interventional Cardiology: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Interventional Radiology: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Endovascular Surgical: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Vascular Closure Device Market Revenue Share, by End Users 2022 & 2030 (%)
Figure 17. Hospitals: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Ambulatory Surgical Center: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Asia Pacific Vascular Closure Device Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Asia Pacific Vascular Closure Device Market, By Key Country - Revenue (2022) (US$ Million)
Figure 21. Asia Pacific Vascular Closure Device Market, By Key Countries, 2022 And 2030 (%)
Figure 22. China: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 23. Japan: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24. India: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. Australia: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. South Korea: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 27. Rest of Asia Pacific: Asia Pacific Vascular Closure Device Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28. Growth Strategies in the Vascular Closure Devices Market
1. Cordis Corp
2. Haemonetics Corp
3. Abbott Laboratories
4. Becton Dickinson and Co
5. Cardinal Health Inc
6. Medtronic Plc
7. Teleflex Inc