The global vascular plugs market size was USD 109.9 million in 2021. The market is projected to grow from USD 116.2 million in 2022 to USD 178.5 million by 2029, exhibiting a CAGR of 6.3% during the forecast period. This information is provided by Fortune Business Insights, in its report, titled, “Vascular Plugs Market, 2022-2029.”
According to our analysts, the growing occurrence of vascular ailments and surging number of peripheral embolization processes is anticipated to spur the implementation rate of these devices during the forecast period.
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Competitive Landscape:
An exhaustive company profile, along with the data regarding the production graph, product offerings, and revenue accounted for by each company is entailed within the report.
Additionally, it outlines the pricing trends followed and the gross margins recorded by each manufacturer, along with the share of the market held by them over the forecast period.
Objectives of the Study:
To provide a complete analysis of the global market by material type, by age group, by end user, and by region
Provide extensive information on factors affecting market growth (drivers, opportunities, restraints, and industry-specific restraints)
Forecasting and evaluating micro-markets and overall markets
To estimate market sizes in Latin America, North America, Europe, Asia Pacific, and the Middle East & Africa
Analyzing and evaluating competitive landscapes- new product launches, expansions and mergers
Some of the key points covered in the report are:
Analysis of competitors
What's Next
Market Data Forecast
Opportunity and Risks Assessment
Market Dynamics and Trends
COVID-19 Impacts:
Deterioration in Non-Vital Operations during COVID-19 to Hinder Product Sales
The COVID-19 pandemic adversely affected the growth of global market in 2020. Prime players in the market observed drop in their revenues due to fall in the volume of vascular processes and lower sales of devices. Also, in various healthcare settings, crucial healthcare sources were transferred to administer COVID-19 patients, leading to restricting non-important hospital visits and drop in the number of non-prominent embolization procedures.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
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