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Vascular Patches Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Vascular

The “Vascular Patches Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Vascular Patches market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Vascular Patches market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The global market of a vascular patch was valued at USD 168.33 million in 2017, which is expected to reach USD 306.94 million by 2023, with an estimated CAGR of 10.53%, over the forecast period 2019-2024. The growth of the vascular patch market is due to the benefits linked with stenosis or occlusion of blood vessels. Presently, the autologous vessels, like the saphenous vein and internal thoracic artery, are the gold standard for several vascular surgeries. The present trend involves a significant demand for synthetic vascular patches, due to the presence of well-established polymeric biomaterials companies across several countries, globally.
  • The application segment is majorly surrounded around cardiovascular diseases. The high prevalence of stroke and ischemic heart diseases, leading to a large number of hospital admissions, leads to higher demand for vascular patch use in hospitals. A large number of carotid endarterectomy are performed globally, and it is considered as a well-established procedure across multiple hospitals, which primarily demands the use of vascular patches over the forecast period.

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    In Vascular Patches Market Report, Following Companies Are Covered:

  • Lemaitre Vascular
  • Baxter International
  • Getinge AB (Maquet)
  • B. Braun Melsungen AG
  • W. L. Gore & Associates
  • Admedus
  • Cryolife
  • C. R. Bard (BD)
  • Edwards Lifesciences
  • Labcor
  • Terumo Corporation

    Vascular Patches Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report includes an in-depth study of the vascular patch market. The patch, used for the closure of vascular surgery, has high biocompatibility and proven, long-term mechanical stability, which is preferred by several surgeons for procedures associated with carotid, profunda, and iliac and femoral arteries.

    Reasons for Buying Vascular Patches Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Biologic Vascular Patches Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period

    Major benefits offered by the biologic vascular patches are the biodegradable property and higher tensile and suture retention strength. To overcome the chances of infection, biologic vascular grafts are preferred over synthetic vascular grafts. Mostly, the bovine pericardial tissue is used to manufacture biologic vascular patches. XenoSure Biologic Vascular Patch from LeMatre is one of the high-quality bovine pericardium patches used for precise closure, during endarterectomy and vascular reconstruction procedures.

    Duravess bovine pericardial vascular patch from Edwards Lifesciences is commonly used for carotid endarterectomy, arteriovenous access revisions, profundaplasty, femoral, iliac, and renal and tibial endarterectomy. Since bovine pericardial tissue contains a high amount of structural protein with elastic properties, it allows conformity to challenge vessel anatomy and, therefore, its usage has been growing. Furthermore, the demand for this kind of patches is expected to rise, as bovine pericardial vascular patches exhibit a significant decrease in intraoperative suture line bleeding, as compared to synthetic patches.

    North America Captured the Largest Market Share and is Expected to Retain its Dominance

    North America holds the largest share in the vascular patches market, with the United States being the largest contributor to its revenue. The United States spends a significant percentage of its GDP on healthcare, each year. According to the recent report of the Organization for Economic Co-operation and Development (OECD), 2018, about 18% of the GDP is spent on healthcare. The increasing prevalence of vascular diseases is the major factor expected to drive the overall growth of the market, during the forecast period. Furthermore, there is a rise in the geriatric population in the United States, which is expected to create more opportunities for the market in the country.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Vascular Patches create from those of established entities?

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    Detailed TOC of Vascular Patches Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rapidly Growing Geriatric Population and Increase in the Prevalence of Vascular Diseases
    4.3.2 Increasing Adoption of Biological Patches
    4.4 Market Restraints
    4.4.1 Risk of Immune Response and Serious Complications
    4.4.2 Product Failures and Recalls
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Material
    5.1.1 Biologic Vascular Patches
    5.1.2 Synthetic Vascular Patches
    5.2 By Application
    5.2.1 Carotid Endarterectomy
    5.2.2 Aortic Aneurysms
    5.2.3 Profundaplasty
    5.2.4 Other Applications
    5.3 By Usage
    5.3.1 Prescription Glass
    5.3.2 OTC Reading Glass
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 UK
    5.4.2.2 Germany
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Lemaitre Vascular
    6.1.2 Baxter International
    6.1.3 Getinge AB (Maquet)
    6.1.4 B. Braun Melsungen AG
    6.1.5 W. L. Gore & Associates
    6.1.6 Admedus
    6.1.7 Cryolife
    6.1.8 C. R. Bard (BD)
    6.1.9 Edwards Lifesciences
    6.1.10 Labcor
    6.1.11 Terumo Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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