| Product Code: ETC8854039 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines` import of vascular patches saw significant growth in 2024, with top exporters including China, Japan, Vietnam, USA, and Colombia. Despite moderate concentration, the market showed strong growth potential, with a CAGR of 7.49% from 2020 to 2024. The growth rate in 2024 surged by 18.26%, indicating a promising outlook for the vascular patches market in the Philippines. This trend suggests increasing demand for vascular patches and opportunities for market expansion in the coming years.

Vascular patches are used in procedures like carotid endarterectomy and peripheral bypass. The market in the Philippines is modest but supported by advancements in vascular surgeries and increasing adoption of biocompatible materials. Demand is mainly concentrated in tertiary care centers.
The vascular patches market in the Philippines is developing in line with the rise in vascular surgeries for conditions like carotid endarterectomy and arteriovenous fistula repairs. Bovine pericardium and synthetic patches are increasingly used due to better biocompatibility and reduced infection risks. The market is bolstered by increasing healthcare spending and the import of advanced surgical materials.
The vascular patches market is limited by high import dependence and limited reimbursement under health insurance schemes. Surgical teams may also be unfamiliar with newer patch technologies, preferring traditional methods instead.
The rise in vascular surgeries has increased the need for biocompatible patches. Manufacturing or distributing vascular patches made from synthetic or biological materials can serve both government and private hospital markets. Regulatory navigation and education on product efficacy can aid in capturing institutional demand.
These are classified as Class B or C medical devices under FDA regulations and require stringent quality control. The government includes them in surgical procurement for cardiovascular centers in select government hospitals. Subsidies may apply through central bidding processes.
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 Patches Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Vascular Patches Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Vascular Patches Market - Industry Life Cycle |
3.4 Philippines Vascular Patches Market - Porter's Five Forces |
3.5 Philippines Vascular Patches Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Vascular Patches Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Vascular Patches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing prevalence of cardiovascular diseases in the Philippines |
4.2.2 Increasing adoption of minimally invasive procedures in vascular surgeries |
4.2.3 Technological advancements in vascular patch materials and designs |
4.3 Market Restraints |
4.3.1 High cost associated with vascular patches |
4.3.2 Limited awareness about vascular diseases and treatment options |
4.3.3 Stringent regulatory requirements for vascular patch approval |
5 Philippines Vascular Patches Market Trends |
6 Philippines Vascular Patches Market, By Types |
6.1 Philippines Vascular Patches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Vascular Patches Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Vascular Patches Market Revenues & Volume, By Biologic Vascular Patches, 2021- 2031F |
6.1.4 Philippines Vascular Patches Market Revenues & Volume, By Synthetic Vascular Patches, 2021- 2031F |
6.2 Philippines Vascular Patches Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Vascular Patches Market Revenues & Volume, By Carotid Endarterectomy, 2021- 2031F |
6.2.3 Philippines Vascular Patches Market Revenues & Volume, By Open Repair of Abdominal Aortic Aneurysms, 2021- 2031F |
6.2.4 Philippines Vascular Patches Market Revenues & Volume, By Vascular Bypass Surgery, 2021- 2031F |
7 Philippines Vascular Patches Market Import-Export Trade Statistics |
7.1 Philippines Vascular Patches Market Export to Major Countries |
7.2 Philippines Vascular Patches Market Imports from Major Countries |
8 Philippines Vascular Patches Market Key Performance Indicators |
8.1 Average selling price (ASP) of vascular patches |
8.2 Adoption rate of minimally invasive vascular procedures |
8.3 Number of research and development (RD) partnerships for vascular patch innovation |
8.4 Patient satisfaction rates post-vascular surgery |
8.5 Number of vascular surgeons trained in the use of advanced vascular patches |
9 Philippines Vascular Patches Market - Opportunity Assessment |
9.1 Philippines Vascular Patches Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Vascular Patches Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Vascular Patches Market - Competitive Landscape |
10.1 Philippines Vascular Patches Market Revenue Share, By Companies, 2024 |
10.2 Philippines Vascular Patches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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