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Vascular Plugs Market Size, Share and Global Trend By Product Type (Congenital heart malformation vascular plugs, Microvascular plug system, Arterial/venous vascular plugs, Others), By Material (Titanium-Nitride (Tin), Titanium-Nickel (Nitinol)), By End-user (Hospitals, Ambulatory surgical centers, Specialty clinics, Others) and Geography Forecast till 2022-2029

Region : Global | Report ID: FBI101122 | Status : Ongoing

 

KEY MARKET INSIGHTS

In May 2019, the U.S Food and Drug Administration approved Dr. Amplatz Micro Plug peripheral vascular embolization device manufactured by KA Medical LLC. The vascular plug is a self-expandable device made up of nitinol wire mesh or different material which can be cylindered into a sheath and then precisely positioned on the targeted embolus.

Internal illac artery embolization is one of the most common applications of Amplaz Vascular Plug (AVP) in arterial embolization. The very first vascular plug was launched by St. Jude Medical in 2004 in the market. Since its launch vascular plugs have undergone tremendous technological advances and the same is estimated to propel the global vascular plug market during the forecast period.

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The global vascular plugs market is projected to grow rapidly during the forecast period, owing to the increasing peripheral embolization procedures, new product launches of vascular plugs and technological advancement in the field of vascular plugs. Vascular plugs are a great replacement over a combination of traditional detachable coils and silicon latex balloons leading to decreased procedural time and cost-efficient procedures as linked to the latex balloons, these factors are anticipated to fuel the global vascular plug market.

Nevertheless, incapability to perform certain embolization and safety concerns and risks associated with vascular plugs are some of the factors estimated to restrain the growth of the global vascular plugs market.

Key Players Covered

Some of the major companies that are present in the global vascular plugs market are Abbott, Medtronic, Lifetech Scientific, Comed B.V., Infiniti Medical, EndoShape, Inc., ArtVentive Medical Group Inc., Shape Memory Medical Inc., and others.

SEGMENTATION

SEGMENTATION

 DETAILS

By Product Type

· Congenital heart malformation vascular plugs

· Microvascular plug system

· Arterial/venous vascular plugs

· Others

By Material

· Titanium-Nitride (Tin)

· Titanium-Nickel (Nitinol)

By End-user

· Hospitals

· Ambulatory surgical centers

· Specialty clinics

· Others

By Geography

· North America (USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico and Rest of Latin America)

· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

At present, among the end-users, hospitals are anticipated to dominate the global vascular plugs market owing to the higher demand and requirement of healthcare infrastructure to perform embolization procedures.

Key Insights

  • Overview of regulatory scenario in key countries
  • Reimbursement scenario in key countries
  • Technological advancements in vascular plugs
  • Key industry developments - mergers, acquisitions and partnerships

Regional Analysis

The global vascular plugs market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to account for the largest share in the global vascular plugs market in 2018, owing to increase in the number of peripheral embolization procedures, well-developed healthcare infrastructure leading to increase in demand for new and advanced vascular plug devices in the region. Asia Pacific is expected to register comparative higher CAGR from 2019-2026 due to growing emphasis by healthcare organizations and government towards minimally invasive surgical procedures, adequate reimbursement policies and high demand for advanced vascular plugs are expected to drive the demand for vascular plugs in the region.

Key Industry Developments

  • In June 2018, Shape Memory Medical Inc. received 510(k) approval from the U.S FDA for the company’s Impede embolization plug indicated to reduce or obstruct the rate of blood flow in the peripheral vasculature.
  • In April 2019, The U.S FDA sanctioned premarket approval for VASCADE MVP Venous Vascular Closure System manufactured by Cardiva Medical Inc. indicated for multi-site vascular closure.

Vascular Plugs Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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