Vascular Plugs Market Forecasts to 2030 - Global Analysis By Product (Absorbable Vascular Plugs and Non-Absorbable Vascular Plugs), Material, Distribution Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Vascular Plugs Market is accounted for $125.64 million in 2024 and is expected to reach $210.52 million by 2030 growing at a CAGR of 8.7% during the forecast period. Vascular plugs are medical devices used to occlude blood vessels, typically during surgical procedures or in the treatment of vascular abnormalities. These plugs are designed to block or seal off blood flow in a specific vessel, often to prevent bleeding or to facilitate the closure of vascular access points. They are commonly made from biocompatible materials such as polymers or metals and come in various sizes and shapes to fit different vessels.

According to an article published in The Lancet, in August 2019, the global prevalence of peripheral artery disease (PAD) in people aged 25 years and above was estimated to be around 5.5%.

Market Dynamics:

Driver:

Rising incidence of vascular diseases

As conditions such as aneurysms, arteriovenous malformations, and peripheral artery disease become more prevalent, there is a greater need for vascular plugs to manage and treat these issues. The increased number of patients seeking interventions drives healthcare providers to adopt advanced vascular plug technologies. This heightened demand stimulates innovation and market expansion, as medical device manufacturers develop new and improved vascular plugs to address a growing and diverse patient population, thereby contributing to market growth.

Restraint:

Risk of complications

The risk of complications in vascular plugs, such as plug migration, infection, or thromboembolism, arises from factors like device material, placement accuracy, and patient-specific conditions. These complications can lead to adverse outcomes, requiring additional interventions or treatments. Such risks can hamper market growth by reducing the overall acceptance and adoption of vascular plugs. Healthcare providers may be cautious in recommending these devices, and increased focus on safety and effectiveness can lead to higher costs and regulatory hurdles, slowing market expansion.

Opportunity:

Growing number of minimally invasive procedures

Minimally invasive techniques, such as endovascular surgeries, require precise and reliable tools to control blood flow and ensure successful outcomes. Vascular plugs, designed for sealing vessels and preventing leaks, are essential in these procedures. As the trend towards less invasive surgical options continues, the need for advanced vascular plugs rises, propelling market growth. This shift improves patient recovery times and reduces complications, further fueling demand for these devices.

Threat:

High cost of advanced devices

The high cost of advanced vascular plug devices is driven by factors such as sophisticated technology, high-quality materials, and extensive R&D investments. These costs can limit their accessibility, particularly in developing regions or for smaller healthcare facilities. The high prices can also strain healthcare budgets and lead to delayed adoption or restricted use of advanced vascular plugs. This financial barrier hampers market growth by reducing overall demand, limiting product availability, and restricting the broader implementation of cutting-edge vascular plug technologies in various healthcare settings.

Covid-19 Impact

The covid-19 pandemic disrupted the vascular plugs market by causing delays in elective and non-emergency procedures, reducing overall demand. Supply chain interruptions and healthcare resource reallocation further impacted the market. However, the increased focus on telemedicine and minimally invasive procedures during the pandemic created a push for innovative vascular plug technologies. As healthcare systems recover and elective procedures resume, the market is expected to rebound, driven by renewed demand and advancements in medical technology.

The polymers segment is expected to be the largest during the forecast period

The polymers segment is estimated to have a lucrative growth. Polymer materials play a crucial role in the development of vascular plugs, offering benefits such as biocompatibility, flexibility, and strength. Commonly used polymers include polyethylene, polyurethane, and polylactic acid, which help ensure the plugs effectively occlude blood vessels while minimizing inflammation and thrombosis risks. These materials can be engineered to provide controlled degradation rates, allowing for gradual integration into the body. Advances in polymer technology continue to enhance the performance and safety of vascular plugs in various medical applications.

The cardiovascular surgery segment is expected to have the highest CAGR during the forecast period

The cardiovascular surgery segment is anticipated to witness the highest CAGR growth during the forecast period. Vascular plugs are critical in cardiovascular surgery for managing vascular access sites and preventing complications such as bleeding or leakage. These devices are used to occlude blood vessels temporarily or permanently, ensuring hemostasis and minimizing the risk of adverse events during and after procedures. Vascular plugs are particularly important in procedures like endovascular repair and catheter-based interventions, where precise control over blood flow is essential. Their design and functionality contribute to improved patient outcomes and reduced recovery times.

Region with largest share:

The vascular plugs market in the Asia-Pacific region is experiencing significant growth due to rising incidences of vascular diseases, an expanding elderly population, and advancements in medical technologies. Increasing healthcare infrastructure investments and a surge in minimally invasive procedures are driving demand for vascular plugs. Countries like China, India, and Japan are leading the growth due to their large patient populations and improving healthcare facilities. Additionally, growing awareness and accessibility to advanced medical devices are contributing to the market's expansion in this region.

Region with highest CAGR:

In North America, the vascular plugs market is robust due to high prevalence rates of vascular diseases and a well-established healthcare infrastructure. The region benefits from advanced medical technologies and significant investment in research and development. Increasing adoption of minimally invasive procedures and a large patient population contribute to market growth. Additionally, the presence of major medical device manufacturers and favourable reimbursement policies further support the expansion of the vascular plugs market.

Key players in the market

Some of the key players profiled in the Vascular Plugs Market include Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Edwards Lifesciences Corporation, Terumo Corporation, Johnson & Johnson, Cook Medical Inc., Gore & Associates, Asahi Intecc Co., Ltd., Merit Medical Systems, Inc., Cardinal Health, Inc., AngioDynamics, Inc., Philips Healthcare, Becton, Dickinson and Company, AtriCure, Inc., Neovasc Inc., Endologix, Inc., Stryker Corporation, MicroVention, Inc. and Royal Philips.

Key Developments:

In May 2024, Merit Medical Systems, Inc. announced FDA 510(k) clearance for its Siege vascular plug. The nitinol, self-expanding Siege vascular plug is designed to be highly deliverable and recapturable to enable precise placement while achieving vessel occlusion within 1.3 minutes. Siege is available in three sizes to treat peripheral arteries from 1.5 to 6.0 mm in diameter. All sizes are delivered with a microcatheter.

In July 2021, Terumo Medical Corporation (TMC) has unveiled its AZUR(TM) Vascular Plug, the first and only plug compatible with a microcatheter to occlude arteries up to 8mm in diameter. The newest addition to Terumo's robust embolization portfolio is indicated for use to reduce or block the rate of blood flow in arteries of the peripheral vasculature.

Products Covered:

• Absorbable Vascular Plugs
• Non-Absorbable Vascular Plugs

Materials Covered:

• Stainless Steel
• Titanium
• Polymers
• Composite Materials
• Other Materials

Distribution Channels Covered:

• Direct Sales
• Distributors
• Online Sales
• Wholesalers
• Other Distribution Channels

Applications Covered:

• Cardiovascular Surgery
• Interventional Radiology
• Urology
• Gynecology
• Gastroenterology
• Other Applications

End Users Covered:

• Hospitals
• Specialized Clinics
• Outpatient Surgical Centers
• Research & Academic Institutions
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances