Product Code: ETC8854030 | Publication Date: Sep 2024 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The vascular closure devices market in the Philippines is experiencing gradual growth due to increasing cardiovascular procedures and the demand for rapid hemostasis following catheterization. The transition from manual compression to advanced closure technologies is driven by a growing preference for faster patient recovery and early ambulation, especially in tertiary hospitals across urban regions.
The market for vascular closure devices in the Philippines is rising with the increase in catheter-based and endovascular procedures. VCDs reduce post-operative complications and hospital stay times, making them preferred in modern interventional settings. Hospitals and cardiovascular centers are adopting both active and passive closure devices for faster patient recovery.
Adoption is slowed by the preference for manual compression methods due to cost concerns. Training on the use of VCDs is also limited, particularly in smaller hospitals and clinics.
As more interventional procedures are performed, the need for efficient vascular closure is rising. Investors can benefit from distributing or manufacturing hemostatic VCDs and offering clinical training. Establishing partnerships with cath labs and vascular surgeons will boost product adoption.
These devices are classified as Class C medical devices and require FDA registration and compliance with strict quality standards. Government hospitals are encouraged to use modern vascular closure tools to enhance recovery post-angiography, supported by DOH procurement frameworks and modernization funding for tertiary facilities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Vascular Closure Devices (VCDS) Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Vascular Closure Devices (VCDS) Market - Industry Life Cycle |
3.4 Philippines Vascular Closure Devices (VCDS) Market - Porter's Five Forces |
3.5 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Vascular Closure Devices (VCDS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Vascular Closure Devices (VCDS) Market Trends |
6 Philippines Vascular Closure Devices (VCDS) Market, By Types |
6.1 Philippines Vascular Closure Devices (VCDS) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, By Angiography Surgery, 2021- 2031F |
6.1.4 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, By Interventional Procedures, 2021- 2031F |
6.2 Philippines Vascular Closure Devices (VCDS) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, By 5F-6F, 2021- 2031F |
6.2.3 Philippines Vascular Closure Devices (VCDS) Market Revenues & Volume, By 5F-21F, 2021- 2031F |
7 Philippines Vascular Closure Devices (VCDS) Market Import-Export Trade Statistics |
7.1 Philippines Vascular Closure Devices (VCDS) Market Export to Major Countries |
7.2 Philippines Vascular Closure Devices (VCDS) Market Imports from Major Countries |
8 Philippines Vascular Closure Devices (VCDS) Market Key Performance Indicators |
9 Philippines Vascular Closure Devices (VCDS) Market - Opportunity Assessment |
9.1 Philippines Vascular Closure Devices (VCDS) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Vascular Closure Devices (VCDS) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Vascular Closure Devices (VCDS) Market - Competitive Landscape |
10.1 Philippines Vascular Closure Devices (VCDS) Market Revenue Share, By Companies, 2024 |
10.2 Philippines Vascular Closure Devices (VCDS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |