Global Vascular Plugs Market
The Global Vascular Plugs Market is expected to grow from US$ 116.2 Million in 2021 to US$ 178.5 Million by 2027; it is estimated to grow at a CAGR of 7.42% from 2021 to 2027.
In place of coils and detachable balloons for the embolization of large to medium arteries with high resistance, vascular plugs are a new generation of vascular occluding devices. These self-expanding devices typically consist of nylon mesh wire. In 2004, St. Jude Medical introduced the first vascular plug device to the market. Since then, these devices have experienced significant clinical and scientific advancements as well as an extension of their potential uses.
Drivers: Both developed and emerging countries are suffering from and losing citizens to vascular diseases such coronary artery disease, cerebrovascular disease, and peripheral artery disorders. Growing numbers of people are being affected by these disorders, demanding therapy and requiring vascular embolization treatments every year. Market expansion would be aided by an increase in operations and the use of novel technology to replace outdated medical equipment. During the projection period, increasing demand for minimally invasive operations is anticipated as a result of their enhanced safety, shortened recovery times, and minimum scarring.
Restraints: However, it is anticipated that the safety concerns surrounding vascular plugs and the inability to execute selective embolization will restrain the growth of the global market.
Impact of Covid-19
The COVID-19 pandemic will have an impact on worldwide market expansion in 2020. Due to a decrease in the volume of vascular processes and decreased device sales, the major market participants noticed a decline in their revenues. Additionally, vital healthcare resources were moved from different healthcare settings to treat COVID-19 patients, which resulted in limitations on unimportant hospital visits and a decline in the frequency of unimportant embolization treatments. Vascular procedures were refused (cancelled/postponed) in order to reserve or re-allocate COVID-19 patient care to the available, constrained capabilities and resources (such as hospital beds and patient care personnel).
Segmentation By Product Type: Vascular Plugs Market is classified on the basis of Product Type into Arterial or Venous Closer Vascular Plugs, Congenital Heart Malformation Closer Vascular Plugs, and Micro Vascular Plug System. According to Product Type, the market for vascular plugs is anticipated to be led by the segment for arterial and venous closure devices over the forecast period.
Segmentation By Construction Material: Vascular Plugs Market is classified on the basis of Construction Material into Titanium-Nickel (Nitinol) and Titanium-Nitride (Tin).
Segmentation By End User: Vascular Plugs Market is classified on the basis of End User into Hospitals, Ambulatory, Surgical Centers, and Independent Catheterization Labs. Due to the need for sophisticated medical infrastructure to perform peripheral embolization treatments, the end user sector for hospitals overwhelmingly controls the global market for vascular plugs.
Segmentation By Region: Vascular Plugs Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America controlled the global vascular plugs market in 2020. The significant market share in North America can be attributed to several factors, including the rising trend toward one-day vascular surgery, the country's increased interest in vascular plug research and clinical trials, the rise in cardiac arrest cases, and the lengthy waiting lists for cardiac surgery in the area.
Competitive Landscape: The key players of Vascular Plugs Market are St. Jude Medical LLC, Covidien Plc. (Medtronic Inc.), Lifetech Scientific Corporation, Comed B.V., Infiniti Medical, LLC, EndoShape, Inc., and ArtVentive Medical Group Inc.
Industrial Development
Market Taxonomy
By Product Type
By Construction Material
By End User
By Region
Key Questions Addressed by the Report
Global Vascular Plugs Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3. Executive Summary
4. Global Vascular Plugs Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Vascular Plugs Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.3 Global Vascular Plugs Market Size and Forecast, By Product Type
5.3.1 Arterial or Venous Closer Vascular Plugs
5.3.2 Congenital Heart Malformation Closer Vascular Plugs
5.3.3 Micro Vascular Plug System
6. Global Vascular Plugs Market, By End-user
6.1 Y-o-Y Growth Comparison, By End-user
6.2 Global Vascular Plugs Market Share Analysis, By End-user
6.3 Global Vascular Plugs Market Size and Forecast, By End-user
6.3.1 Hospitals
6.3.2 Ambulatory
6.3.3 Surgical Centers
6.3.4 Independent Catheterization Labs
7. Global Vascular Plugs Market, By Construction Material
7.1 Y-o-Y Growth Comparison, By Construction Material
7.3.1 Titanium-Nickel (Nitinol)
7.3.2 Titanium-Nitride (Tin)
8. Global Vascular Plugs Market, By Region
8.1 Global Vascular Plugs Market Share Analysis, By Region
8.2 Global Vascular Plugs Market Size and Forecast, By Region
8.2 Global Vascular Plugs Market Size and Forecast, By Region
9. North America Vascular Plugs Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Vascular Plugs Market Share Analysis, By Product Type
9.3 North America Vascular Plugs Market Size and Forecast, By End-user
9.4 North America Vascular Plugs Market Size and Forecast, By Construction Material
9.5 North America Vascular Plugs Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Vascular Plugs Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Vascular Plugs Market Share Analysis, By Product Type
10.3 Europe Vascular Plugs Market Size and Forecast, By End-user
10.4 Europe Vascular Plugs Market Size and Forecast, By Construction Material
10.5 Europe Vascular Plugs Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Vascular Plugs Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Vascular Plugs Market Share Analysis, By Product Type
11.3 Asia Pacific Vascular Plugs Market Size and Forecast, By End-user
11.4 Asia Pacific Vascular Plugs Market Size and Forecast, By Construction Material
11.5 Asia Pacific Vascular Plugs Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Vascular Plugs Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Vascular Plugs Market Share Analysis, By Product Type
12.3 Latin America Vascular Plugs Market Size and Forecast, By End-user
12.4 Latin America Vascular Plugs Market Size and Forecast, By Construction Material
12.5 Latin America Vascular Plugs Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Vascular Plugs Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Vascular Plugs Market Share Analysis, By Product Type
12.3 Middle East Vascular Plugs Market Size and Forecast, By End-user
13.4 Middle East Vascular Plugs Market Size and Forecast, By Construction Material
13.5 Middle East Vascular Plugs Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 St. Jude Medical LLC
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Covidien Plc. (Medtronic Inc.)
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Lifetech Scientific Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Comed B.V.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Infiniti Medical, LLC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. EndoShape, Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. ArtVentive Medical Group Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
