Global Vascular Patches Market, By Material (Biologic, Synthetic), Application (Carotid Endarterectomy, Open Repair of Abdominal Aortic Aneurysms, Vascular Bypass Surgery), End Users (Hospitals, Ambulatory Surgical Centers)-Industry Trends and Forecast to 2029.
Global Vascular Patches Market Analysis and Size
Vascular patches are highly biocompatible, have little suture line bleeding due to their very elastic substance and excellent tissue assimilation, do not require impregnation or pre-clotting, and have good handling properties. Cardiovascular illnesses are the biggest cause of death, according to the World Health Organization (WHO), claiming nearly 17.9 million lives each year.
- The most common procedure was carotid endarterectomy, which accounted for most of the market. The huge number of carotid endarterectomy procedures performed worldwide accounts for the large proportion of this market. Data Bridge Market Research analyses that the vascular patches market was valued at a USD 455.24 million in 2021 and is further estimated to reach USD 907.08 million by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Material (Biologic, Synthetic), Application (Carotid Endarterectomy, Open Repair of Abdominal Aortic Aneurysms, Vascular Bypass Surgery), End Users (Hospitals, Ambulatory Surgical Centers)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
W. L. Gore & Associates, Inc. (US), Anteris (Australia), Labcor Laboratórios (Brazil), Johnson & Johnson Private Limited (US), Terumo Corporation (Japan), BD (US), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (US), Getinge AB (Sweden), Baxter (US), Edwards Lifesciences Corporation (US), Neovasc Inc. (Canada), CryoLife, Inc. (US), Medtronic (US), McKesson Medical-Surgical Inc. (US), Agilent Technologies (US), Axogen Corporation (US), and C. R. Bard, Inc. (US).
Global Vascular Patches Market Definition
Following a carotid endarterectomy, vascular patches are employed. During endarterectomy and vascular reconstruction, the patches ensure exact closures. Vascular patches are employed for peripheral vascular reconstruction, surface line buttressing, and other procedures.
Vascular Patches Market Dynamics
- Rise in the incidence of cardiovascular diseases
The industry is predicted to develop as cardiovascular diseases (CVD) prevalence rises. According to a May 2019 article published by the National Center for Health Statistics (NCHS), around 18.2 million persons aged 20 and older in the United States had coronary artery disease (CAD) is further anticipated to propel the growth of the vascular patches market.
- Growing adoption of biological patches
Biological vascular patches have the highest adoption rate in the market due to their outstanding biocompatibility, minimal risk of infection, safety, and ease of use which will further accelerate the growth of the market.
- Increase in the geriatric population
Increasing geriatric population due to their increased risk of cardiovascular disease. According to a March 2015 article published by the United States Census Bureau, the geriatric population in the United States is expected to grow from 319 million to 417 million between 2014 and 2060, reaching 400 million in 2051 is a factors contributing the growth of the vascular patches market.
In addition, the increase in the development of emerging markets is further estimated to provide potential opportunities for the growth of the vascular patches market in the coming years.
Restraints/Challenges Global Vascular Patches Market
On the other hand, the decrease in the number of carotid endarterectomy surgeries is further projected to impede the growth of the vascular patches market in the targeted period. However, the growing demand for highly skilled professionals might further challenge the growth of the vascular patches market in the near future.
This vascular patches market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vascular patches market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Vascular Patches Market
The pandemic of COVID-19 has had a huge impact on the vascular patches market. With the increasing number of COVID-19 cases around the world, the demand for medical supplies from both healthcare professionals and the general public is growing. Manufacturers of these items have an opportunity to profit from the increased demand for medical supplies by ensuring a steady supply of personal protective equipment on the market. However, in the post-COVID scenario, Vascular Patches Market is projected to be significantly impacted.
- In September 2021, Terumo Aortic had announced the start of PANTHER, the company's global surgical transplant research. This prospective and retrospective multi-center, multi-arm post-market study looks at the company's whole line of knitted and woven surgical grafts and cardiovascular patches.
Global Vascular Patches Market Scope and Market Size
The vascular patches market is segmented on the basis of material, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of material, the vascular patches market is segmented into biologic and synthetic.
- Carotid Endarterectomy
- Open Repair of Abdominal Aortic Aneurysms
- Vascular Bypass Surgery
On the basis of application, the vascular patches market is segmented into carotid endarterectomy, open repair of abdominal aortic aneurysms and vascular bypass surgery.
- Ambulatory Surgical Centers
On the basis of end users, the vascular patches market is segmented into hospitals and ambulatory surgical centers.
Vascular Patches Market Regional Analysis/Insights
The vascular patches market is analysed and market size insights and trends are provided by country, material, application and end user as referenced above.
The countries covered in the vascular patches market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the vascular patches market due to the rise in the number of aging population. Furthermore, the increase in the vascular diseases will further boost the growth of the vascular patches market in the region during the forecast period.
Asia-Pacific is projected to observe a significant amount of growth of the vascular patches market due to the huge patient population. Moreover, the growing awareness about the benefits of vascular products is further anticipated to propel the growth of the vascular patches market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The vascular patches market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for vascular patches market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the vascular patches market. The data is available for historic period 2010-2020.
Competitive Landscape and Vascular Patches Market Share Analysis
The vascular patches market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vascular patches market.
Some of the major players operating in the vascular patches market are:
- W. L. Gore & Associates, Inc. (US)
- Anteris (Australia)
- Labcor Laboratórios (Brazil)
- Johnson & Johnson Private Limited (US)
- Terumo Corporation (Japan)
- BD (US)
- B. Braun Melsungen AG (Germany)
- LeMaitre Vascular, Inc. (US)
- Getinge AB (Sweden)
- Baxter (US)
- Edwards Lifesciences Corporation (US)
- Neovasc Inc. (Canada)
- CryoLife, Inc. (US)
- Medtronic (US)
- McKesson Medical-Surgical Inc. (US)
- Agilent Technologies (US)
- Axogen Corporation (US)
- C. R. Bard, Inc. (US),
Research Methodology : Global Vascular Patches Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-vascular-patches-market