The global Vascular Patches Market demand is projected to rise by 5.8% between 2021 and 2031. Vascular Patches market was valued at around US$ 136.9 million in 2021 and is expected to reach US$ 254 million by 2032, according to Future Market Insights (FMI). In 2020, biologic Vascular Patches held the largest share (52.9%) of the global market by materials.
The prevalence of cardiovascular diseases is increasing globally, which is driving the demand for Vascular Patches as an effective means of revascularization. This has provided biopharmaceutical and pharmaceutical businesses with new revenue streams. Vascular Patches are becoming more popular as cardiac treatment technology advances.
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The availability of high-quality patch products worldwide is helping to address the unmet needs for cardiological treatments. Physical inactivity, cigarette use and smoking, and poor diets are all key contributors to the rising burden of cardiovascular disease.
Advances in cardiac treatment have improved diagnostic approaches and management, consequently extending life expectancy, fueling the growth of the Vascular Patches market. Key market participants are concentrating on the development of novel products based on current biologic resources and proprietary medicines.
Vascular Patches are rapidly being used in major healthcare institutions across the world to treat undesirable situations such as organ failure and stroke in cardiac instances through surgical therapy. These dynamic aspects are driving the worldwide Vascular Patches market expansion and are projected to lead to further global developments.
Key Takeaways from Market Study
- By the end of 2031, synthetic patches are predicted to command more than 52.2% of the market value.
- In terms of application, peripheral vascular diseases are expected to have a higher share of around 30.9% in 2031.
- In terms of end user, hospitals are predicted to have the greatest share of 45.0% in 2031.
- North America is expected to maintain its dominance, accounting for 36.2% of total sales by the end of the projected period.
“Recent developments in cardiac surgery, coupled with focus on ensuring greater accuracy, precision, and efficiency are set to boost the sales of Vascular Patches worldwide,” says an analyst of Future Market Insights.
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Market Competition
The key players are focusing on delivering effective treatment lines to their patients, ensuring the right treatment for the right patient at the right time. Manufacturers are actively working in coherence with researchers in order to be able to acquire enhanced and innovative concepts to widen the therapeutic actions of the product that drive their research capabilities and strengthen their product portfolio.
- On September 25, 2020, Getinge signed a partnership agreement with Universeum. Getinge supported Universeum for innovation as well as contributing to social development with a strong focus on health.
- On May 21-24, 2019, Rafael Braile (Executive Director) and Dr. Diego Gaia (Cardiovascular Surgeon) of Braile Biomedica presented a new unique product, Endobentall, at the Euro PCR event held in Paris, France.
Key Players
- Braile Biomedica
- Baxter International
- Getinge Ab (Maquet)
- B. Braun Melsungen AG
- W. L. Gore & Associates
- Admedus
- Cryolife
- Edwards Lifesciences
- Others
More insights available
Regionally, North America holds the largest share of the global vascular patch market, owing to the well-established healthcare infrastructure, the high prevalence of cardiovascular diseases, and the presence of major players in the region. Europe is the second-largest market for Vascular Patches, owing to the increasing adoption of advanced medical technologies, favorable reimbursement policies, and rising healthcare expenditure.
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Key Market Segments Covered in Vascular Patches Industry Research
By Material:
- Synthetic Vascular Patches
- Biologic Vascular Patches
By Application:
- Carotid Endarterectomy
- Open Repair of Abdominal Aneurysm
- Vascular bypass Surgery
- Peripheral vascular reconstruction
- Others
By End User:
- Hospitals
- Trauma Care Centers
- Academic & Research Institutes
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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