Market Analysis
The global vascular patches market share is poised to touch at a notable
8.0% CAGR over the predicted years 2023-2032. Vascular patches are utilized in
vascular surgeries for closing sutures. In every surgical procedure, the
primary closure of sutures needs to be done effectively. Vascular patches are
made from synthetic or biological materials and are characterized through
excellent biocompatibility. Of the different types, it is the biological
vascular patches that are most widely used owing to its various advantages such
as excellent biocompatibility, low suture line bleeding, minimum infection rate
and ease in use.
There are
plentiful factors that is boosting the growth of the vascular patches market. These factors as per the Market
Research Future (MRFR) report include rapidly increasing geriatric population,
prevalence of vascular diseases, growing number of vascular surgeries being
performed, growing use of biological patches, need for minimally invasive
surgeries and increasing product launches and research and development
investments. On the contrary, scarcity of skilled professional, mishandling,
decrease in carotid endarterectomy surgeries owing to low preference are
factors that may restrict the growth of the vascular
patches market.
Key Players
Vascular
patches market players are include Baxter
International Inc. (U.S.), Edwards Lifesciences Corporation (U.S.), Labcor
Laboratórios Ltda (Brazil), Admedus (Australia), CryoLife, Inc. (U.S.), W. L.
Gore & Associates, Inc. (US), LeMaitre Vascular, Inc. (U.S.), Maquet
(Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), C.R.
Bard, Inc. (U.S.) and others.
Market Segmentation
MRFR
report provides an extensive segmental analysis of the vascular patches market on the basis of application, material and
end-user.
Based on
material, it is segmented into synthetic vascular patches and biologic vascular
patches. Of these, the biologic vascular patches will have the maximum share in
the market over the predicted years followed by synthetic vascular patches that
will grow at the fastest pace.
Based on
application, the vascular patches market outlook is segmented into open repair of
abdominal aortic aneurysms vascular bypass surgery and carotid endarterectomy.
Of these, carotid endarterectomy will dominate the market followed by open
repair of abdominal aortic aneurysms vascular bypass surgery which will grow at
the fastest rate.
Based on
end-user, it is segmented into ambulatory surgical centers, hospitals and
clinics and others. Of these, hospitals and clinics will rule the market
followed by ambulatory surgical centers that will grow at the fastest pace.
Regional Analysis
By
region, the vascular patches market insights covers growth opportunities and latest trends across
North America, Europe, Asia Pacific and Middle East and Africa. Of these, North
America will domineer the market over the predicted years and is expected to
expand at a substantial CAGR. The increasing occurrence of cardiovascular
issues in Canada and the US, growing population and increasing per capita
healthcare spending will boost the market growth in this region. Also, the
rapid uptake of latest devices and technologies in the surgical procedure and the
presence of key manufacturers is again boosting the market growth. The vascular patches market in Europe will have the second
major share due to the resurging economy, growing awareness regarding vascular
patches and procedure advancements and increasing per capita healthcare
expenses. The vascular patches market in the APAC region will grow at the
fastest pace over the predicted years owing to growing healthcare sector in
India and China, increasing geriatric populace, growing awareness regarding
healthcare and rising incidence of people suffering from various chronic
coronary diseases.
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