Market Analysis
The
global vascular patches market size 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 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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