Global Vascular Patches
Market Report
2024
The Global Vascular patches market was valued at USD 3.9 Billion in 2022 and will reach USD 7.4 Billion by 2030, registering a CAGR of 8.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Vascular patches market was valued at USD 3.9 Billion in 2022 and will reach USD 7.4 Billion by 2030, registering a CAGR of 8.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Vascular Patches Market Sales Revenue 2022 | $ 3.9 Billion |
Global Vascular Patches Market Sales Revenue 2030 | $ 7.4 Billion |
Global Vascular Patches Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Market Split by Type |
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Market Split by Raw Material |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Vascular Patches Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Vascular patches are medical devices used in vascular surgery to repair or reinforce blood vessels. They are typically made from biocompatible materials such as synthetic polymers or biological tissues. It is produced from polyester-urethane and is characterized by excellent biocompatibility and proven long-term mechanical stability. The elastic material ensures minimum suture hole bleeding and compliance unmatched by any other synthetic patch. The growing demand for patches in diagnosing and treating cardiac and soft tissue ailments is driving collaborative efforts among research organizations, and raw material suppliers. whereas key manufacturers focus on the development of innovative products which are expected to boost the market. Several driving factors like the growing prevalence of hernias, including inguinal hernias, ventral hernias, and umbilical hernias positively impacted the market.
Vascular patches are used to repair damaged or diseased blood vessels during vascular surgery procedures. These patches can be used in various vascular reconstructions, such as carotid endarterectomy, coronary artery bypass grafting (CABG), or peripheral artery bypass grafting. Complex and serious conditions of the blood vessels and lymph system are cured by vascular and endovascular surgeons. Moreover, the use of advanced technology to perform complex stenting procedures is done. Thus need for effective vascular repair techniques drives the development and adoption of vascular patches.
Vascular patches are designed to be biocompatible with the human body. Synthetic patches are typically made from materials such as expanded polytetrafluoroethylene (ePTFE) or polyester, which have been proven to be safe and well-tolerated by the body. Biological patches, on the other hand, may be derived from animals or human tissues, such as bovine pericardium or human umbilical veins. The ability to create patches that integrate well with the surrounding tissue is a crucial factor boosting the market
Vascular patches should be biocompatible, meaning they should not elicit an immune response or cause adverse reactions within the body. However, some patches may trigger an immune response or inflammatory reactions, leading to complications such as infection, thrombosis, or tissue damage. This proves to be a restraining factor for vascular patches.
Vascular patches must be durable and capable of withstanding the mechanical forces and hemodynamic stresses within the blood vessel over the long term. However, certain patches may have limitations regarding their strength, flexibility, or resistance to degradation, which can lead to patch failure or additional interventions.
The market for vascular patches has been significantly impacted by the COVID-19 epidemic. The demand for medical supplies is rising from both patients and healthcare professionals as a result of the rising number of COVID-19 cases worldwide. By ensuring that there is a consistent supply of personal protective equipment available on the market, the producers of these goods have the chance to benefit from the rising demand for medical supplies. The vascular Patches Market, on the other hand, is anticipated to be considerably impacted in the post-COVID scenario.
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Axiostat Hemostatic Patch is based on a protonated bioadhesive technology that works by providing a strong mechanical barrier to the injury site. It controls bleeding from puncture sites, providing a barrier to bacteria injury to patients. It also helps to moderate-severe bleeding during vascular surgery, and surgical debridement. Axiostat has also received a CE mark in Europe earlier and is approved in over 40 countries worldwide.
Top Companies Market Share in Vascular Patches Industry: (In no particular order of Rank)
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Based on region vascular patches market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa
North America dominated the market with a revenue share of 37.6% in 2021 for cardiovascular and soft tissue repair patches. This is because of fast-evolving lifestyles, increased rates of substance addiction and alcoholism, increasing rates of hernia problems and heart diseases, and rising rates of smoking and alcohol intake. The market for cardiovascular and soft tissue repair patches is being driven by rising disposable income, developing healthcare infrastructure, easy access to novel goods and technology, and the presence of many major players in North America. Additionally, the market in North America is being driven by the growing collaboration of pharmaceutical producers, raw material suppliers, and governmental organizations.
On the other hand, Asia Pacific is anticipated to experience the highest growth rate over the coming years due to the region's rapid economic development in several nations like China and India, growing trends in minimally invasive surgery, rising incidence of cardiac disease, growing medical tourism, and rapid advancements in healthcare infrastructure.
The current report Scope analyzes Vascular Patches Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Vascular Patches Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Vascular Patches Industry growth. Vascular Patches market has been segmented with the help of its Type, Raw Material, and others. Vascular Patches market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Vascular Patches market.
Type of Vascular Patches analyzed in this report are as follows:
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Based on the application of vascular patches is segmented into Cardiac repair, Vascular Repair, Reconstruction, Pericardial repair, Dural Repair, and Soft Tissue Repair. Where Soft Tissue repair patches held the market share. This is due to the rapidly growing incidence rate of hernias including ventral hernia, umbilical hernia, inguinal hernia, congenital hernia, and diaphragmatic hernia with the growing demand for tissue repair patches in treatment procedures. According to the Internation Surgery Journal, 28 per 100,000 individuals underwent inguinal hernia repairs in the US.
In contrast, it is projected that over the next years, the cardiac repair category will experience the fastest growth rate in the market for cardiovascular and soft tissue repair patches. The demand for cardiac patches is being driven up by the increase in congenital heart disorders among children worldwide.
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Based on the raw material vascular patches can be segmented as ePTFE, Biomaterial, and Tissue Engineered Material and Others. The ePTFE segment dominated the cardiovascular and soft tissue repair patches market and accounted for the largest revenue share. This growth of the segment is owing to the multiple benefits associated with ePTFEsuch as high tensile strength, and high durability. Moreover, the widespread application of ePTFE in manufacturing medical accessories such as wound care materials, face masks, drainage bags, urine bags, and medical device enclosures.
On the other hand, it is predicted that over time, the market for cardiovascular and soft tissue repair patches would develop at the fast rate in the biomaterial and tissue-engineered material category.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Vascular Patches Market is witnessing significant growth in the near future.
In 2023, the Biologic Vascular Patches segment accounted for noticeable share of global Vascular Patches Market and is projected to experience significant growth in the near future.
The segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Baxter , Abbott and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Biologic Vascular Patches, Synthetic Vascular Patches |
Raw Material | ePTFE, Biomaterial, Tissue Engineered Material, Others |
List of Competitors | Baxter, Admedus, Abbott, LeMaitre Vascular Inc., Edwards Life Sciences Corporation, Glycar SA Pty Ltd., LabCor, Cryolife Inc., CorMatrix, Terumo Medical Corporation, Bard Peripheral Vascular Inc., Neovasc, W.L. Gore & Associates Inc., B.Braun, Novomedics, TEI Biosciences Inc., Perouse Medical, Gunze Limited, Atriummed, Maverick Bioscience |
This chapter will help you gain GLOBAL Market Analysis of Vascular Patches. Further deep in this chapter, you will be able to review Global Vascular Patches Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Raw Material Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vascular Patches market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Biologic Vascular Patches have a significant impact on Vascular Patches market? |
What are the key factors affecting the Biologic Vascular Patches and Synthetic Vascular Patches of Vascular Patches Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Vascular Patches Market? |
Which region is expected to dominate the global Vascular Patches Market within the forecast period? |
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Region level Data Customization |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Quantitative Data |
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