Vascular patches market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 8.81 billion by 2027 growing at a growth rate of 7.95% in the above-mentioned forecast period.
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Some of the major players operating in global vascular patches market are Terumo Corporation (Japan), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (US), Maquet (Germany), W. L. Gore & Associates, Inc. (US), Admedus (Australia), CryoLife, Inc. (US), Labcor Laboratórios Ltda (Brazil), Baxter International Inc. (US), Edwards Lifesciences Corporation (US), Neovasc Inc. (U.S.) and Janssen Pharmaceutical Companies of Johnson & Johnson (U.S.) among others.
Major Market Drivers and Restraints:
- Rapidly growing geriatric population
- The growing occurrences of the vascular diseases among the population
- Increasing adoption of the vascular patches in the surgeries
- Growth rate of the vascular surgeries
- Lack of skilled professionals
- Cases of product failures
- The global vascular patches market is segmented based on Material, application, end user and geographical segments.
- Based on material, the market is segmented into biologic and synthetic. Whereas from these biologics are expected to grow in coming year due to ease of application, blood tight, stability and biocompatible.
- Based on application, the market is segmented into carotid endarterectomy, open repair of abdominal aortic aneurysms and vascular bypass surgery.
- Based on end user, the market is segmented into hospitals and ambulatory surgical centers.
- Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
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Key Developments in the Market:
- In November 2017, Edwards Lifesciences, LLC (California) received U.S. FDA aaproval to its product Duravess Bovine Pericardial Vascular Patch which is designed for dependable vessel repair.
- In February 2012, Neovasc Inc. (U.S.) and LeMaitre Vascular, Inc. (U.S.) had an agreement in which LeMaitre Vascular, Inc. Purchase certain specific rights to Neovasc’s biological vascular surgical patch product technology on an accelerated basis price of USD 4.6 million.
Table of Contents:
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Vascular Patches Market
8 Vascular Patches Market, By Service
9 Vascular Patches Market, By Deployment Type
10 Vascular Patches Market, By Organization Size
11 Vascular Patches Market Analyses, By Vertical
12 Geographic Analyses
- North America
- South America
- Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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Key Features of the Report
- Key developments and product launches by the top players and brands
- Key parameters which are driving the market
- Key trends of the market
- Challenges of market growth
- What are the challenges being faced by the new entrants
- Market volume
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