Global Vascular Patches Market Segmentation, 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 2031
Vascular Patches Market Analysis
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.
Vascular Patches Market Size
Global vascular patches market size was valued at USD 540.87 million in 2023 and is projected to reach USD 1,077.72 million by 2031, with a CAGR of 9.00% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Vascular Patches Key Market Insights
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Segmentation
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Countries Covered
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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
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Key Market Players
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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).
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Market Opportunities
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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
Drivers
- 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.
Opportunities
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.
Vascular Patches Market Scope
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.
Material
- Biologic
- Synthetic
Application
- Carotid Endarterectomy
- Open Repair of Abdominal Aortic Aneurysms
- Vascular Bypass Surgery
End users
- Hospitals
- Ambulatory Surgical Centers
Vascular Patches Market Regional Analysis
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.
Vascular Patches Market Share
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.
Vascular Patches Market Leaders Operating in the 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),
Latest Developments in Vascular Patches Market
- 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
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