The Global Vascular Patches Market is anticipated to grow at a phenomenal CAGR of 7.37% during the forecast period from 2022 to 2027. Some of the key factors, such as the increase in the prevalence of cardiovascular diseases, the rise in geriatric patients prone to vascular diseases, the increasing use of Vascular Patches in surgeries, and technological advancements in the domain are anticipated to bolster the market growth.
Globally, some of the key companies in the Vascular Patches Market include Neovasc Inc., Axio Biosolutions, Collagen Solutions Plc, FOC Medical S.A., Obex, Anteris, Medtronic, B. Braun Melsungen AG, Baxter., Getinge AB, Terumo Corporation, Edwards Lifesciences Corporation., LeMaitre, W. L. Gore & Associates, Inc., CryoLife, Inc., Aziyo, Medtrade Products Ltd, Labcor Laboratórios, BD., Johnson & Johnson Services, Inc., among others.
DelveInsight’s “Vascular Patches Market” research report provides the current and forecasted Vascular Patches Market trends for the next five years, upcoming innovations in the segment, and individual market shares, challenges, drivers & barriers and key competitors in the market.
Vascular Patches Overview
Vascular Patches are a type of patches that are broadly used in blood vessel repair and reconstruction and when blood vessels are severely compromised in cardiovascular diseases, infection, and/or transplantation. These patches are crucial in repairing arteriotomies following carotid and iliofemoral endarterectomy and have excellent biocompatibility and proven long-term mechanical stability.
DelveInsight’s “Vascular Patches Market” reports provide in-depth information on the patches based on the material type (biologic Vascular Patches and synthetic Vascular Patches), by application type (carotid endarterectomy, aortic aneurysms, profundaplasty, and other), by end-user (hospital, ambulatory surgical centers, and other), and by geography (North America, Europe, Asia-pacific, and rest of the world)
As per DelveInsight, the in the Material Type segment of the Vascular Patches market, the biologic Vascular Patches are estimated occupy the majority share in the Vascular Patches market in the coming years owing to various advantages that are associated with the device. There will be an increase in the demand for biologic Vascular Patches, which in turn will drive the Vascular Patches market growth.
As per DelveInsight’s assessment, the Vascular Patches Market is expected to grow in the coming years owing to the increased prevalence of cardiovascular disease (CVDs), an increasing number of geriatric patients prone to cardiovascular diseases, growth in demand for minimally invasive surgeries, and favorable approach by government across the world are anticipated to bolster the market.
According to the WHO, in 2019, an estimated 17.9 million people globally died from CVDs; out of these deaths, 85% were due to heart attack and stroke. Additionally, it is observed that at least three-quarters of the world’s deaths from CVDs occur in low- and middle-income countries. Some of the key factors such as age, obesity, unhealthy and sedentary lifestyles, consumption of tobacco and alcohol, and poor diet are influencing the growth of ischemic heart disease and stroke worldwide, which are one of the major factors for the growth in cardiovascular disease (CVDs).
Overall, the increasing prevalence of cardiovascular diseases globally and product launches will pave the way to rising demand for Vascular Patches, which in turn will stimulate the Vascular Patches market growth. However, product failure or recall and the limited number of carotid endarterectomy surgeries may challenge the Vascular Patches market growth.
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Among all the regions, North America is expected to account for a significant share in the global Vascular Patches market. The major factors contributing to the Vascular Patches Market growth in the North American region include a prevalence of cardiovascular diseases such as ischemic heart diseases and stroke, a rise in the geriatric population, and government initiations.
As per CDC, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. Coronary heart disease (CAD) is the most common type of heart disease, killing 360,900 people in 2019 in the US. The prevalence of CVDs like CAD and heart attack is increasing at significantly. This prevalence can be managed by giving proper treatment and surgery. Additionally, in the United States, in 2019-2020, an estimated 19% of young people aged 2 to 19 years and 40% of adults were suffering from obesity, which can put them at risk for heart disease. An unhealthy lifestyle and obesity is one of the major cause for causing cardiovascular diseases.
As the number of cardiovascular surgeries increases, the demand for Vascular Patches for the closures is also expected to grow, thereby bolstering the Vascular Patches market growth in North America.
Interested in knowing how the Global Vascular Patches Market will grow by 2027? Click to get a snapshot of Vascular Patches Market Trends and Developments.
Over the years, the Vascular Patches Market has evolved significantly owing to the active participation of global pharma companies and technological advancements in the domain.
Here are a few of the key developments in the Vascular Patches Market over the past few years –
- In September 2021, Terumo Corporation announced the launch of a global surgical graft study known as PANTHER, which is a prospective and retrospective study of a comprehensive range of knitted and woven surgical grafts and cardioVascular Patches.
- In June 2021, Axio Biosolutions announced FDA 510(k) clearance of its hemostatic product Axiostat Patch, which helps control moderate to severe bleeding in vascular procedures.
As per DelveInsight, the ongoing clinical & commercial development activities and the ongoing research in the domain will contribute immensely to the Vascular Patches Market in the coming years.
Globally, some of the leading companies in the Vascular Patches Market include B. Braun Melsungen AG, Baxter., Getinge AB, Terumo Corporation, Edwards Lifesciences Corporation., LeMaitre, W. L. Gore & Associates, Inc., CryoLife, Inc., Aziyo, Medtrade Products Ltd, Collagen Solutions Plc, FOC Medical S.A., Obex, Anteris, Medtronic, Labcor Laboratórios, BD., Johnson & Johnson Services, Inc., Neovasc Inc., Axio Biosolutions, among others.
As per DelveInsight, due to the very high growth rate and positive return, several new players are expected to enter the Vascular Patches Market in the coming years. The entry of new players and the launch of emerging products will immensely drive market growth.
Learn how new players’ entries will transform the Vascular Patches Market in the coming years at, Vascular Patches’ Competitive Landscape.
Scope of the Vascular Patches Market Report:
- Geography Covered – Global
- Study Period – 2019-2027
- Vascular Patches Market By Material Type – Biologic Vascular Patches and Synthetic Vascular Patches
- By Application Type – Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, and Other
- By End-User – Hospital, Ambulatory Surgical Centers, and Other
- By Geography – North America, Europe, Asia-Pacific, and Rest of the World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View.
Table of Content
|3||Regulatory and Patent Analysis|
|4||Vascular Patches Market Key factors analysis|
|5||Vascular Patches Porter’s Five Forces Analysis|
|6||COVID-19 Impact Analysis on Vascular Patches Market|
|7||Vascular Patches Market Layout|
|8||Vascular Patches Global Company Share Analysis – Key 3-5 Companies|
|9||Vascular Patches Product Profiles and Key Companies|
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Key Takeaways From the Vascular Patches Market Report Study
- In-depth analysis of the Vascular Patches Market size, share, and key trends.
- Comprehensive analysis of current Vascular Patches Market size (2020) and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on the Vascular Patches Market is significant. To capture and analyze suitable indicators, our experts are closely watching the Vascular Patches Market.
- Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last three years
- Key companies dominating the Global Vascular Patches Market.
- Various opportunities are available for the other competitors in the Vascular Patches Market space.
- What are the top-performing segments in 2020? How these segments will perform in 2027.
- Which are the top-performing regions and countries in the current Vascular Patches Market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Vascular Patches Market growth in the coming future?
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