Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Vascular Plugs Market Size is Expected to Grow from USD 125.11 Million in 2023 to USD 239.12 Million by 2033, at a CAGR of 6.69% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Vascular Plugs Market Size, Share, and COVID-19 Impact Analysis, By Material (Collagen, Gelatin, and Polyvinyl Alcohol), By Type (Embolic Coils, Removable Vascular Plugs, and Non-Removable Vascular Plugs), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Vascular plugs are frequently used to block blood arteries in the vasculature in a specific way. As a substitute to embolic coils, these plugs have obstruction devices and embolic materials. Because a single plug can do the same job as several coils, which may be needed to block a particular artery, these devices are also more affordable. These devices fall into many categories based on their intended use, such as hereditary heart malformation closure plugs, arterial and venous occlusion plugs, and others. Additionally, the adoption rate of these devices is anticipated to increase throughout the forecast period due to the rising frequency of vascular illnesses worldwide and the rise in peripheral embolization operations. Additionally, the market is expanding due to the growing number of new product launches. For example, Terumo Medical Corporation (TMC) introduced the AZUR Vascular Plug in July 2021. This plug is the first and only one that can be used with a microcatheter to block arteries up to 8 mm in diameter. The most recent addition to Terumo's extensive embolization range is approved for use in peripheral vascular arteries to slow or stop blood flow. Therefore, the market's expansion is due to the growing number of new product launches. However, one of the barriers to the adoption of these devices, particularly in developing nations, is the device's price as well as the associated procedural expenditures.
The collagen segment is expected to hold the largest share of the global vascular plugs market during the projected timeframe.
Based on material, the global vascular plugs market is categorized as collagen, gelatin, and polyvinyl alcohol. Among these, the collagen segment is expected to hold the largest share of the global vascular plugs market during the projected timeframe. This material's hemostatic and biocompatible qualities make it advantageous. Additionally, this substance encourages tissue regeneration. The most important structural protein in the body, collagen, acts as the skin's binding structure.
The embolic coils segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the type, the global vascular plugs market is categorized as embolic coils, removable vascular plugs, and non-removable vascular plugs. Among these, the embolic coils segment is expected to grow at the fastest CAGR during the projected timeframe. This is a result of the growing incidence of vascular disorders, including as cerebral aneurysms and arteriovenous malformations, as well as the growing use of minimally invasive endovascular treatments.
North America is projected to hold the largest share of the global vascular plugs market over the forecast period.
North America is projected to hold the largest share of the global vascular plugs market over the forecast period. A number of causes contribute to the dominance, including the rising incidence of peripheral artery disease in the United States and Canada, which is resulting in a sizable patient base requiring surgery. For example, a June 2021 article in the American Heart Journal projected that the prevalence of PAD was 7.0%, meaning that around 8.5 million people were affected.
Europe is expected to grow at the fastest CAGR growth of the global vascular plugs market during the forecast period. One of the main factors driving the market's expansion is the rising incidence of cardiovascular disorders in the area. For example, cardiovascular disease accounts for 4.5.0% of all fatalities in Europe, according to the European Heart Network. Additionally, according to a March 2021 article in Epub, Italy had a higher prevalence of cardiovascular diseases 12.9%. Consequently, it presents a significant healthcare burden for the nation.
Competitive Analysis
Major vendors in the global vascular plugs market are R. Bard, Terumo Medical Corporation, MicroVention, L. Gore Associates, Medtronic, Stryker, Cardinal Health, Cook Medical, Boston Scientific, Teleflex Incorporated, Abbott Laboratories, Smith & Nephew, and Others.
Key Target Audience
Key Market Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global vascular plugs market based on the below-mentioned segments:
Global Vascular Plugs Market, By Material
Global Vascular Plugs Market, By Type
Global Vascular Plugs Market, By Regional
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