As per MRFR analysis, the Vascular Plugs Market Size was estimated at 4.55 (USD Billion) in 2022. The Vascular Plugs Market Industry is expected to grow from 5.01(USD Billion) in 2023 to 12.0 (USD Billion) by 2032. The Vascular Plugs Market CAGR (growth rate) is expected to be around 10.19% during the forecast period (2024 - 2032).
The Vascular Plugs Market is fueled by increasing dominant factors such as high incidence of vascular diseases, growing transfer to the performing of minimally invasive methods, and expansion in technology. Opportunities are in the development of bioreabsorbable and self-expanding plugs as well development of new therapeutic areas. The latest trends in this market include the blending of imaging technologies coupled with the incorporation of tailored therapy, which would enhance advanced practice in patient care. These factors promote the increasing need for vascular plugs and, therefore aid in the market growth in the forthcoming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Technological Advancements in Vascular Plug Devices
The Vascular Plugs Market Industry is expected to grow during the forecast period due to the rise in developments in vascular plug devices. These developments involve the use of new materials and designs, which help in improving the performance and safety of the existing vascular plugs. For example, the invention of bioresorbable vascular plugs has immensely improved the treatment of vascular defects because the second procedure to remove the plug is no longer required.Also, the design of the new retrievable vascular plugs has improved the safety of vascular embolization because they can be easily removed. These developments will facilitate the growth of the Vascular Plugs Market Industry for the next several years.
Rising Prevalence of Cardiovascular Diseases
The growing prevalence of cardiovascular diseases is another major factor driving the growth of the Vascular Plugs Market Industry. Cardiovascular diseases, such as stroke and heart attack, are a leading cause of death worldwide. Vascular plugs are increasingly being used to treat these conditions by blocking blood flow to damaged blood vessels. The rising incidence of cardiovascular diseases is, therefore, expected to drive the demand for vascular plugs in the coming years.
Increasing Adoption of Minimally Invasive Procedures
The increasing adoption of minimally invasive procedures is also contributing to the growth of the Vascular Plugs Market Industry. Vascular plugs can be delivered through minimally invasive techniques, such as catheterization, which reduces the risk of complications and improves patient outcomes. The growing popularity of minimally invasive procedures is, therefore, expected to drive the demand for vascular plugs in the coming years.
Material Segment Insights The Vascular Plugs Market can be divided based on material into collagen, gelatin, and polyvinyl alcohol. Of these, the collagen segment is expected to hold the largest market share due to the increasing adoption of these plugs. This material is beneficial due to its biocompatibility and its hemostatic properties. Furthermore, this material also promotes tissue regeneration. Collagen, which is the main structural protein in the body, serves as a binding structure for the skin. These plugs are made from type-1 collagen, the most major type found in the blood vessels and represent a natural solution for wound repair.The growing number of collagen vascular plugs being used in various surgical operations for cardiovascular surgery, neurosurgery, and orthopedic surgery, among others, makes this segment the largest. Gelatins are protein-based products derived from collagen and are biodegradable and biocompatible. Feasible in a number of medical applications, gelatin-based vascular plugs are mainly used to stop heavy bleeding and achieve hemostasis. These plugs serve as important temporary solutions in cases where a standard solution is not available since they dissolve in the body.The plug material consists of 90% gelatin and 10% prothrombin polarity and is not insulin sterilized. The gelatin plug swells when it comes in contact with blood and readily absorbs serum to form a type of gum, which is beneficial in creating a new blood clot for proper clotting of the blood. The growing adoption of gelatin plugs is expected to increase by a significant CAGR of 10.40% during the forecast period. Polyvinyl alcohol, a synthetic polymer, is used to form a vascular plug. Since these plugs are strong, durable, and do not decompose, they are made of this material.These plugs, which can be used in cardiovascular operations, neurosurgical operations, and interventional cardiac operations, are often used in high-pressure environments. During the forecast period, the polyvinyl alcohol segment is expected to expand at a moderate pace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Vascular Plugs Market segmentation by Type covers Embolic Coils, Removable Vascular Plugs, and Non-Removable Vascular Plugs. Embolic Coils accounted for approximately 58.0% and held the largest market share in 2023, the growth of which is attributed to the rising prevalence of vascular diseases, including arteriovenous malformations and intracranial aneurysms, and the increasing adoption of minimally invasive endovascular procedures. Moreover, Removable Vascular Plugs are expected to witness a significant CAGR of 12.0% during the forecast period, owing to the advantages associated with their use over conventional surgical techniques, such as reduced procedural time, lower risk of complications, and better patient outcomes.Meanwhile, the growth rate of Non-Removable Vascular Plugs is projected to be consistent, due to their ability to treat conditions, including pulmonary embolism and deep vein thrombosis.
The Vascular Plugs Market is segmented by indication into Arteriovenous Malformations, Cerebral Aneurysms, and Vascular Trauma. Arteriovenous Malformations (AVMs) are abnormal connections between arteries and veins. They can occur anywhere in the body but are most common in the brain and spine. AVMs can cause a variety of symptoms, including seizures, headaches, and developmental delays. Cerebral aneurysms are weak spots in the walls of arteries in the brain. They can rupture and cause bleeding in the brain, which can be fatal. Vascular trauma is damage to blood vessels caused by injury.It can range from minor cuts and bruises to life-threatening injuries. The market for vascular plugs is expected to grow significantly in the coming years due to the increasing prevalence of vascular diseases and the growing adoption of minimally invasive procedures.
In terms of regional segmentation, the Vascular Plugs Market is divided into North America, Europe, APAC, South America, and MEA. North America and Europe are the dominant markets for vascular plugs due to the high prevalence of cardiovascular diseases, well-established healthcare infrastructure, and favorable reimbursement policies. However, APAC is expected to witness the fastest growth during the forecast period owing to increasing healthcare expenditure, rising awareness about vascular diseases, and growing demand for minimally invasive procedures.South America and MEA are anticipated to register a steady growth rate over the next ten years. The Vascular Plugs Market revenue in North America is projected to reach USD 3.33 billion by 2032, while the market in Europe is estimated to be worth USD 3.396 billion by the same year. APAC is expected to generate USD 3.956 billion in revenue by 2032, followed by South America with USD 0.659 billion and MEA with USD 0.659 billion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vascular Plugs Market Key Players And Competitive Insights
Major players in the Vascular Plug Market constantly strive to maintain their market position and improve their offerings to meet the evolving needs of customers. They engage in various strategies to gain competitive advantage, including product innovation, market expansion, and strategic partnerships. Leading Vascular Plugs Market players invest in research and development to create new and improved products that cater to specific customer requirements. They also focus on expanding their geographical reach by entering new markets and establishing partnerships with local distributors. Additionally, strategic collaborations with other players in the healthcare industry, such as medical device manufacturers and healthcare providers, enable them to offer comprehensive solutions and enhance their market presence.Among the leading companies in the Vascular Plugs Market industry, Boston Scientific Corporation holds a significant position. The company offers a broad portfolio of vascular plugs under its EmboSphere Microspheres brand, which includes products like EmboBloc, EmboCoil, and EmboFlow. Boston Scientific Corporation is known for its focus on innovation and customer-centric approach, which has contributed to its strong market standing. The company has a global presence and operates in various regions, including North America, Europe, and Asia-Pacific. Its extensive distribution network and established customer base provide it with a competitive edge in the Vascular Plugs Market.In the highly competitive Vascular Plugs Market landscape, Terumo Medical Corporation is another notable competitor. The company offers a range of vascular plugs under its Terumo Interventional Systems brand, including products like ProGlide and ProVena. Terumo Medical Corporation emphasizes product quality and reliability, adhering to strict manufacturing standards. The company has a strong global presence and maintains a wide distribution network, allowing it to cater to the needs of customers worldwide. Furthermore, Terumo Medical Corporation actively engages in research and development to enhance its product offerings and address emerging market trends.
Key Companies in the Vascular Plugs Market Include
Vascular Plugs Market Industry Developments
The Vascular Plugs Market is projected to reach USD 12.0 billion by 2032, exhibiting a CAGR of 10.19% during the forecast period (2024-2032). The increasing prevalence of cardiovascular diseases, growing adoption of minimally invasive procedures, and technological advancements in vascular plugs are key factors driving market growth. The rising geriatric population, which is more susceptible to cardiovascular diseases, is another major factor contributing to the market's growth.Recent news developments in the vascular plugs market include the launch of new products, such as the GORE VIABAHN Endoprosthesis with ACTIVE CONTROL by W. L. Gore Associates, and the FDA approval of the Javelin Embolic Protection System by Abbott. These new products are expected to drive market growth in the coming years.
| Report Attribute/Metric | Details |
| Market Size 2022 | 4.55 (USD Billion) |
| Market Size 2023 | 5.01 (USD Billion) |
| Market Size 2032 | 12.0 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 10.19% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2022 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | C.R. Bard, Terumo Medical Corporation, MicroVention, W. L. Gore Associates, Medtronic, Stryker, Cardinal Health, Cook Medical, Boston Scientific, Teleflex Incorporated, Abbott Laboratories, Smith Nephew, Johnson Johnson, Merit Medical Systems, B. Braun Melsungen AG |
| Segments Covered | Material, Type, Indication, Regional |
| Key Market Opportunities | Increasing procedural demand expanding indications for vascular plug devices, technological advancements, rising incidence of vascular diseases and growing adoption of minimally invasive procedures |
| Key Market Dynamics | Rising prevalence of vascular diseases Technological advancements Increasing focus on minimally invasive procedures Growing demand for efficient and safe vascular plugs Reimbursement policies and regulations |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Vascular Plugs Market was valued at USD 5.01 billion in 2023 and is expected to reach USD 12.0 billion by 2032, exhibiting a CAGR of 10.19% during the forecast period.
North America is expected to dominate the Vascular Plugs Market throughout the forecast period, owing to the presence of a large number of hospitals and clinics, high healthcare expenditure, and a growing geriatric population.
The growing prevalence of cardiovascular diseases, increasing demand for minimally invasive procedures, and technological advancements in vascular plugs are key factors driving the growth of the Vascular Plugs Market.
Vascular Plugs are primarily used in endovascular procedures such as embolization, hemostasis, and fistula creation.
Key competitors in the Vascular Plugs Market include Johnson Johnson, Boston Scientific, Abbott, Medtronic, and Terumo.
Challenges faced by the Vascular Plugs Market include high costs associated with vascular plugs and the availability of alternative treatment options.
The Vascular Plugs Market is expected to register a CAGR of 10.19% from 2024 to 2032.
Major trends observed in the Vascular Plugs Market include the development of bioresorbable vascular plugs and the increasing adoption of advanced imaging techniques.
Technological advancements have led to the development of more effective and less invasive vascular plugs, which is expected to drive the growth of the market.
The future outlook of the Vascular Plugs Market is positive, driven by the growing prevalence of cardiovascular diseases and the increasing demand for minimally invasive procedures.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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