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. The growth of vascular patches market is owing to multiple factors such as rise in adoption of vascular patches in surgeries, easy to use and less infection rate.
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.
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In-depth analysis of the market
- Comprehensive quantitative analysis of the industry is provided for the period of 2020-2027 to assist stakeholders to capitalize on the prevailing market opportunities.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
- The key findings and recommendations highlight crucial progressive industry trends in the Vascular Patches Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Vascular Patches market
- The various opportunities in the market.
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.
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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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