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With 7% CAGR, Vascular Closure Devices Market 2023 Size Industry, Current Trends, Demand and Share Estimation by 2029 with Top Players



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Luton, Bedfordshire, United Kingdom, Feb. 27, 2023 (GLOBE NEWSWIRE) —

Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Vascular Closure Devices Market.

Global Vascular Closure Devices Market stands at US$ 0.95 Billion in 2022 and is anticipated to grow at a CAGR of 7.0% over the following ten years to reach US$ 1.5 billion by 2029.

Vascular Closure Devices Market Demand Analysis and Growth in upcoming years

In the upcoming years, the market for vascular closure devices is anticipated to expand significantly. Medical devices known as vascular closure devices are used to stop bleeding after femoral artery diagnostic or interventional operations. These tools aid in lowering risks related to manual compression and enhance patient satisfaction. The rising incidence of cardiovascular diseases, such as coronary artery disease and peripheral artery disease, is one of the major development factors in the market for vascular closure devices. According to the World Health Organization, cardiovascular diseases account for an estimated 17.9 million deaths annually, making them the top cause of death worldwide. This has increased the need for vascular closure devices by spurring a rise in diagnostic and interventional procedures.

The rising demand for minimally invasive procedures is another factor fueling development in the market for vascular closure devices. Compared to open surgeries, minimally invasive procedures have a number of benefits, such as shorter hospital stays, quicker recovery periods, and a lower chance of complications. Vascular closure instruments are a crucial part of many minimally invasive treatments, which increases demand for these instruments.

Additionally, the market for vascular closure devices is expanding as a result of the aging population and rising outpatient treatment demand. Geriatric patients need regular diagnostic and interventional treatments because they are more prone to cardiovascular diseases. Demand for vascular closure devices that can be used in outpatient environments is growing as a result of the affordability and convenience of outpatient services.

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Trends and Technologies

The market for vascular closure devices (VCDs) is developing quickly, with new trends and innovations appearing to enhance patient outcomes and boost effectiveness. Here are some of the newest developments in arterial closure device design:

Bioresorbable VCDs: Devices for vascular closure that are bioresorbable are made to progressively break down and be absorbed by the body over time, doing away with the need for a separate removal process. These gadgets have a number of advantages, such as lowered infection risk and enhanced patient satisfaction.

Next-Generation Hemostasis Pads: After diagnostic or interventional treatments, hemostasis pads are used to promote hemostasis and minimize bleeding. Modern materials and designs are used in next-generation hemostasis pads to increase effectiveness and lessen side effects like hematoma development.

Digital Health Solutions: Patients who have endured vascular closure procedures are increasingly being assisted with post-procedure follow-up care using digital health solutions like remote patient monitoring and telemedicine. By allowing early detection and intervention for potential complications, these solutions can enhance patient outcomes and lower healthcare costs.

Hybrid Vascular Closure Devices: In order to provide a more secure closure and lower the risk of complications, hybrid vascular closure devices blend the advantages of active and passive closure mechanisms. These tools are made to make manual compression quicker, cheaper, more comfortable for the patient, and less likely to cause problems.

Artificial Intelligence: Predictive models are being created using artificial intelligence (AI) to pinpoint patients who are at a high risk of complications following vascular closure procedures. In order to ensure that the appropriate device is used for the correct patient and process, AI can also be used to optimize the use of vascular closure devices.

Competitive Insight

Some of the notable market players operating in the global Vascular Closure Devices Market covered in this report are: Merit Medical Systems, Inc., Abbott Vascular, Biotronik GMBH & CO.KG, COOK Medtronic, Boston Scientific Corporation, C. R. Bard, Inc., ESSENTIAL MEDICAL, Inc., Cardinal Health, W L. Gore & Associates , ST. JUDE MEDICAL, TZ Medical, Inc., Cardival Medical, Inc., Scion BioMedical, and others.

Recent Developments

Merit Medical Systems Inc. announced that it has acquired Datascope Corp.’s Safeguard Pressure Assisted Device, which assists in obtaining and maintaining hemostasis after a femoral procedure and the Air-Band Radial Compression Device, which is indicated to assist hemostasis of the radial artery puncture site while maintaining visibility.

Abbott launched the StarClose SE Vascular Closure System, a next-generation vessel closure device engineered to enable fast and secure closure of the femoral artery access site following a catheterization procedure.

Attributes Value
Vascular Closure Devices market Share (2022) US$ 0.95 Billion
Vascular Closure Devices market Projected Size (2029) US$ 1.5 billion
Vascular Closure Devices market Growth (CAGR 2023-2029) 7.0%

Browse the fullVascular Closure Devices Market by Type (Passive Approximators, Active Approximators, External Hemostatic Devices), Access (Femoral, Radial), Procedure (Interventional Cardiology, Interventional Radiology/Vascular Surgery) And by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast From 2023 To 2029Report and TOC at

Segment Overview

The Vascular Closure Devices market is segmented by type, by Access, and by Procedure.

Active Vascular Closure Devices: These devices effectively close the arteriotomy site using a mechanism, like a clip or suture. Devices that actively seal blood vessels include the MynxGrip and Angio-Seal.

Passive Vascular Closure Devices: These devices use a collagen plug or another substance to induce natural clotting in order to accomplish hemostasis. ExoSeal and VasoSeal are examples of passive vascular closure systems.

Topical Hemostats: To accomplish hemostasis, these products are used in conjunction with other vascular closure tools. They can be immediately applied to the area of the arteriotomy to encourage clotting and stop bleeding. The HemCon Patch and CoStasis are two examples of external hemostats.

by Type  by Access  by Procedure
  • Passive Approximaters
  • Active Approximaters
  • External Homeostatic Devices
  • Radial
  • Femoral
  • Interventional Cardiology
  • Interventional Radiology/Vascular Surgery

To learn more about this report, request a free sample copy

Regional Insights:

Here are some regional insights about the Vascular Closure Devices market:

North America: Vascular closure device sales in North America make for a sizeable portion of global revenue. The high prevalence of cardiovascular disease, the accessibility of cutting-edge healthcare facilities, and the rising popularity of minimally invasive procedures are some of the factors driving the market. The biggest market in the area is the United States, followed by Canada.

Europe: Additionally, Europe is a sizable market for arterial closure devices, with the UK, Germany, and France contributing significantly to regional sales. Ageing populations, rising cardiovascular disease rates, and greater use of minimally invasive procedures are some of the factors driving the industry.

Asia Pacific: With its big population, rising prevalence of cardiovascular disease, and rising use of minimally invasive procedures, the Asia Pacific area is predicted to have the fastest rate of growth for vascular closure devices. The main drivers of regional development are anticipated to be nations like China, India, and Japan.

Quantitative Analysis

  • Market size, estimates, and forecasts from 2023 – 2029
  • Market size and revenue estimates for product up to 2029
  • Market revenue estimates for application up to 2029
  • Market revenue estimates for type up to 2029
  • Regional market size and forecast up to 2029
  • Company financial

What are the Key Data Covered in this Vascular Closure Devices Market Report?

  • CAGR of the market during the forecast period 2023-2029
  • Detailed information on factors that will drive Vascular Closure Devices Market growth during the next Six years
  • Precise estimation of the Vascular Closure Devices Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the Vascular Closure Devices industry across North America, Europe, APAC, South America, the Middle East, and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Vascular Closure Devices Market vendors

To know an additional revised 2023 list of market players, request a sample report:   

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Confluence former executive joins fintech Premialab




James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business




Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions




PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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