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The vascular malformations market was valued at USD 2.80 Billion in 2023, driven by the growing advancements in imaging technologies across the 8 major markets. The market is anticipated to grow at a CAGR of 6.50% during the forecast period of 2024-2032, with the values likely to reach USD 4.94 Billion by 2032.
Base Year
Historical Year
Forecast Year
Vascular malformations are abnormal growths of blood vessels that can occur in various parts of the body, leading to the formation of a network of dilated vessels. These malformations can be present at birth or develop later in life and may cause symptoms like swelling, pain, and bleeding. Treatment options include surgery, sclerotherapy, and laser therapy, depending on the type and location.
Genetic Disorder Research Expands Treatment Options for Vascular Malformations
The increasing focus on precision medicine and the rise in genetic disorder research are key drivers of growth in the vascular malformations market. Advances in genetic research and treatment development for rare conditions, such as vascular malformations, have accelerated over recent years, bringing new treatment options to the forefront. For instance, in July 2024, a study demonstrated the potential of the anticancer drug sotorasib for treating arteriovenous malformations (AVMs) caused by mutations in the KRAS gene. Sotorasib, used for treating non-small cell lung cancer, showed promising effects in preclinical models, preventing the development of vascular malformations. This breakthrough suggests that sotorasib could provide a novel therapeutic avenue for patients with severe AVMs, potentially driving market growth for treatments targeting genetic vascular malformations during the forecast period.
Surge in Advanced Research and Development Initiatives to Boost Vascular Malformations Market Demand
The growing adoption of innovative experimental models and genetic research into vascular disorders is expected to drive significant development in the vascular malformations market. The creation of models that mimic specific vascular malformations enables more accurate preclinical testing and targeted therapies. For instance, in February 2023, a research team from the University of North Carolina developed a microfluidic model that mimics a rare genetic disorder affecting blood and lymphatic vessels. The model focuses on PIK3CA-activating mutations, a gene responsible for various vascular malformations. By providing a more precise model for understanding these rare disorders, the research could pave the way for new treatments targeting PIK3CA-related vascular malformations. This advancement is expected to further stimulate market development, driving demand for more targeted therapies and innovations in the coming years.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Drugs
Market Breakup by End User
Market Breakup by Region
Market Segmentation Based on Drugs to Witness Significant Growth
The Sirolimus segment is estimated to lead the market share by drugs, due to its proven efficacy in treating complex vascular lesions. Sirolimus, an immunosuppressive drug, helps reduce the size of these malformations and is widely used for conditions like lymphatic malformations. Its ability to effectively manage symptoms and prevent further complications positions it as the most popular choice. The segment’s dominance is further supported by ongoing clinical studies and a growing understanding of its mechanism of action in treating vascular malformations.
The United States dominates the market due to its advanced healthcare infrastructure, high treatment demand, and the presence of key players in the medical device and pharmaceutical sectors. Additionally, the strong adoption of innovative therapies, high healthcare spending, and well-established reimbursement policies contribute to its market leadership. The increasing prevalence of vascular malformations and the availability of advanced diagnostic and therapeutic options further fuel the market's growth in the US during the forecast period.
The key features of the market report comprise patent analysis, clinical trials analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Headquartered in Lausanne, Switzerland, Galderma Pharma S.A. was established in 1981. Galderma's portfolio specialises in dermatology and includes injectables and devices for reducing wrinkles and other skin concerns.
Founded in 1996 and headquartered in Basel, Switzerland, Novartis AG is a global healthcare company. It offers...
Bayer AG, established in 1863 and based in Leverkusen, Germany, is a leading global pharmaceutical and life sc...
Cook Medical LLC, established in 1963 and headquartered in Bloomington, Indiana, USA, is a prominent medical d...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Sirtex Medical Limited.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Drugs |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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