As per forecasters at Zion Market Research, the global market of the vascular patches is predicted to attain USD 7.13 billion by the end of 2026, growing at about 4.9% CAGR over the forecasted period 2020–2026. The vascular surgery is a new inter-disciplinary subject in medical science. These surgeries are categorized in that a variety of artificial graft (stents, artificial blood vessels, stent-grafts) and are extensively utilized in clinical disciplines. Most of the vascular surgical processes are hygienic procedures; nevertheless, the possibility of infection is generally high owing to the application of artificial graft. Furthermore, vascular surgery patients are usually elderly and are likely to have a variety of internal diseases like heart disease, hypertension, diabetes, immune disease, and weak body resistance. The infectious vascular complexities occurring subsequent to kidney or pancreas transplantation imply a risk to the transplanted organ or to the receiver’s life.
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Some of the key players in the market are MAQUET Holding B.V. & Co. KG, LeMaitre Vascular, Inc., Labcor Laboratrios Ltda, Becton, Terumo Corporation, B. Braun Melsungen AG, Dickinson and Company, W. L. Gore & Associates, Inc., CryoLife, Inc., Admedus, Edwards Lifesciences Corporation, and Baxter.
Increasing Geriatric Population & Vascular Diseases To Boost The Global Vascular Patches Market
The factors such as a surge in the incidence of vascular diseases, the augmenting geriatric population, an increase in the implementation of biological patches, and growth in the number of vascular surgeries carried are boosting the global vascular patches market. The biologic vascular patches provide important benefits such as biodegradable property and high tensile & suture retention strength. To reduce the likelihood of infection, biologic vascular grafts are chosen than synthetic vascular grafts. Typically, the bovine pericardial tissue is utilized to produce biologic vascular patches. As bovine pericardial tissue has a high amount of structural protein as well as elastic properties, it has led to a surge in demand.
The global vascular patches market is bifurcated on the basis of application, material, end-user, and regional analysis. Based on the material, the market is categorized into biologic vascular patches and synthetic vascular patches. Based on the application, the market is divided into open repair of abdominal aortic aneurysms, vascular bypass surgery, carotid endarterectomy, and other applications. Based on the end-user, the market is divided into ambulatory surgical centers and hospitals & clinics.
North America Estimated To Witness Major Share In Global Vascular Patches Market During Forecasted Period
Based on geographical analysis, the vascular patches market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region holds the maximum share in the vascular patches market, with the U.S. being the major contributor in terms of revenue. The U.S. spends a noteworthy amount of its gross domestic product on healthcare every year. The augmenting prevalence of vascular diseases is the main factor likely to boost the overall growth of the market in the forecasted period.
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The global vascular patches market is segmented as follows:
- Synthetic Vascular Patches
- Biologic Vascular Patches
- Open Repair of Abdominal Aortic Aneurysms
- Carotid Endarterectomy
- Vascular Bypass Surgery
- Other Applications
- Hospitals & Clinics
- Ambulatory Surgical Centers
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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