VascularPatches Market Research Report by Material (Biologic Vascular Patches,Synthetic Vascular Patches), Application (Carotid Endarterectomy, Open Repairof Abdominal Aortic Aneurysms Vascular Bypass Surgery, and Others), End-user(Hospitals and Clinics, Ambulatory Surgical Centers, and Others), andRegion–Global Forecast till 2027
TheGlobal Vascular Patches Market is estimated to grow double fold by the end of2023. The market is mainly driven by the burgeoning healthcare sector. In 2017,the market had valued at USD 4.1 Bn which is expected to reach USD 6.1 Bn by2023, registering 4.1% CAGR during the forecast period (2018-2023).
Deskboundlifestyle, anxiety, stress and high consumption of junk food are the key causesof cardiovascular diseases. Sedentary lifestyle mirrors the demand for vascularsurgeries and hence, patches. Moreover, the increasing number of cases ofcardiovascular diseases are supporting the vascular patches market to growrapidly.
Vascularpatches are utilized in vascular surgeries for closing sutures. In everysurgical procedure, the primary closure of sutures needs to be doneeffectively. Vascular patches are made from synthetic or biological materialsand are characterized through excellent biocompatibility. Of the differenttypes, it is the biological vascular patches that are most widely used owing toits various advantages such as excellent biocompatibility, low suture linebleeding, minimum infection rate and ease in use. The Global Vascular Patches Market Growth is poised totouch USD 6.1 billion at a notable 4.1% CAGR over the predicted years(2018-2023).
There areplentiful factors that is boosting the growth of the vascular patches market.These factors as per the Market Research Future (MRFR) report include rapidlyincreasing geriatric population, prevalence of vascular diseases, growingnumber of vascular surgeries being performed, growing use of biologicalpatches, need for minimally invasive surgeries and increasing product launchesand research and development investments. On the contrary, scarcity of skilledprofessional, mishandling, decrease in carotid endarterectomy surgeries owingto low preference are factors that may restrict the growth of the vascularpatches market.
KeyPlayers
Leadingplayers profiled in the vascular patches market include Baxter InternationalInc. (U.S.), Edwards Lifesciences Corporation (U.S.), Labcor Laboratorios 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.
April2019- Tel Aviv University researchers have come up with the world's first ever3D printed heart that is perfectly functioning, anatomically, biochemically,cellular and immunologically matched. The heart will be vascularized andsupplied through the patient's blood vessels and created from the own cells ofthe patient. This new study is called "3D Printing of Personalized Thickand Perfusable Cardiac Patches and Hearts" and throws light on the factthat should a 3D printed heart be made from the own cells of the patient andtransplanted, there can be higher transplant success.
MarketSegmentation
MRFRreport provides an extensive segmental analysis of the vascular patches marketon the basis of application, material and end-user.
Based onmaterial, it is segmented into synthetic vascular patches and biologic vascularpatches. Of these, the biologic vascular patches will have the maximum share inthe market over the predicted years followed by synthetic vascular patches thatwill grow at the fastest pace.
Based onapplication, the vascular patches market is segmented into open repair ofabdominal aortic aneurysms vascular bypass surgery and carotid endarterectomy.Of these, carotid endarterectomy will dominate the market followed by openrepair of abdominal aortic aneurysms vascular bypass surgery which will grow atthe fastest rate.
Based onend-user, it is segmented into ambulatory surgical centers, hospitals andclinics and others. Of these, hospitals and clinics will rule the marketfollowed by ambulatory surgical centers that will grow at the fastest pace.
RegionalAnalysis
Byregion, the vascular patches market covers growth opportunities and latesttrends across North America, Europe, Asia Pacific and Middle East and Africa.Of these, North America will domineer the market over the predicted years andis expected to expand at a substantial CAGR. The increasing occurrence ofcardiovascular issues in Canada and the US, growing population and increasingper capita healthcare spending will boost the market growth in this region.Also, the rapid uptake of latest devices and technologies in the surgicalprocedure and the presence of key manufacturers is again boosting the marketgrowth. The vascular patches market in Europe will have the second major sharedue to the resurging economy, growing awareness regarding vascular patches andprocedure advancements and increasing per capita healthcare expenses. Thevascular patches market in the APAC region will grow at the fastest pace overthe predicted years owing to growing healthcare sector in India and China,increasing geriatric populace, growing awareness regarding healthcare andrising incidence of people suffering from various chronic coronary diseases.
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