Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Vascular Patches Market, by Type (Biologic Vascular Patches and Synthetic Vascular Patches), by Application (Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, and Others), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 4,778.33 million in 2020 and is expected to exhibit a CAGR of 7.0% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
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Launch of new products is expected to drive the market growth
Key players operating in the global vascular patches market are developing novel products, which is expected to boost the global vascular patches market growth. For instance, in May 2015, Admedus Limited, a medical technologies company, launched CardioCel, a new tissue patch for vascular repairs such as carotid endarterectomies. The company expand the use of CardioCel across a range of surgical applications.
Global Vascular Patches Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in over 80.77 million infected individuals worldwide, as of December 30, 2020.
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COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of raw materials from one place to another.
Key players in the market are focusing on strategic acquisitions and partnerships to expand their business. For instance, in March 2016, LeMaitre Vascular, Inc., a provider of peripheral vascular devices and implants, acquired ProCol Vascular Bioprosthesis, a product line from Hancock Jaffe Laboratories, Inc. for ProCol portfolio. ProCol is a biological or bovine graft indicated for vascular access subsequent to at least one failed prosthetic access graft.
Browse 45 Market Data Tables and 40 Figures spread through 205 Pages and in-depth TOC on “Vascular Patches Market – by Type (Biologic Vascular Patches and Synthetic Vascular Patches), by Application (Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, and Others), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2027”
To know the latest trends and insights prevalent in the global vascular patches market press release, click the link below: https://www.coherentmarketinsights.com/press-release/vascular-patches-market-3632
Key Takeaways of the Global Vascular Patches Market:
- The global vascular patches market is expected to exhibit a CAGR of 7.0% during the forecast period, owing to the increasing geriatric population. For instance, according to an article published by the World Health Organization (WHO) in February 2018, by 2050, the worldwide population aged 60 years and older is expected to reach 2 billion, from 900 million in 2015.
- Among type, biologic vascular patches segment held a dominant position in the global vascular patches market in 2019, owing to its compatibility and exceptional tensile and suture retention strength
- Among applications, aortic aneurysms segment held a dominant position in the global vascular patches market in 2019, owing to rising cases of aortic aneurysms. For instance, according to an article published in the British Society of Interventional Radiology (BSIR), in 2018, reports that around 4% of men i.e. approximately 80,000 men, aged between 65 and 74 in England had abdominal aortic aneurysm (AAA).
- Among end user, hospitals and clinics segment held a dominant position in the global vascular patches market in 2019, owing to rising patient registration in hospitals and clinics with cardiovascular diseases.
- Key players operating in the global vascular patches market include B. Braun Melsungen AG, C. R. Bard, Inc., LeMaitre Vascular, Inc., Getinge AB (Maquet), W. L. Gore & Associates, Inc., Edwards Lifesciences Corporation, Baxter International Inc., CryoLife, Inc., Medtronic, and Admedus, among others.
Detailed Segmentation:
- Global Vascular Patches Market, By Type:
- Biologic Vascular Patches
- Synthetic Vascular Patches
- Global Vascular Patches Market, By Application:
- Carotid Endarterectomy
- Aortic Aneurysms
- Profundaplasty
- Others
- Global Vascular Patches Market, By End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
- Global Vascular Patches Market, By Region:
- North America
- By Type:
- Biologic Vascular Patches
- Synthetic Vascular Patches
- By Application:
- Carotid Endarterectomy
- Aortic Aneurysms
- Profundaplasty
- Others
- By End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- U.S.
- Canada
- By Type:
- Latin America
- By Type:
- By Application:
- By End User:
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Type:
- By Application:
- By End User:
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Type:
- By Application:
- By End User:
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Type:
- By Application:
- By End User:
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Type:
- By Application:
- By End User:
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- North America
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