What is Vascular Patches Market Scope?
Vascular Patches are produced from polyester-urethane and are characterized by excellent biocompatibility and proven long-term mechanical stability. The elastic material ensures minimum suture hole bleeding and compliance which is unmatched by any other synthetic patch. The microporous structure allows good tissue incorporation. Vascular-Patch is blood tight - no need for pre-clotting or impregnation. The increase in the prevalence of vascular diseases, the rapid rise in the geriatric population, the increase in adoption of biological patches, and the rise in the number of vascular surgeries performed are driving the global vascular patches market.
Influencing Trend:
Increasing Adoption of Biological Patches
Market Growth Drivers:
Rapidly Increasing Geriatric Population and Increase in the Prevalence of Vascular Diseases and Rising Adoption of Biological Patches
Challenges:
Lack of Skilled Professionals
Restraints:
Risk of Immune Response and Serious Complications and Product Failures and Recalls
Opportunities:
Increasing Number of Vascular Surgeries being Performed Worldwide
The Vascular Patches market study is being classified, by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Vascular Patches market throughout the predicted period.
Terumo Corporation (Japan), C. R. Bard, Inc. (United States), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (United States), Maquet (Germany), W. L. Gore & Associates, Inc. (United States), Admedus (Australia), CryoLife, Inc. (United States), Labcor Laboratórios Ltda (Brazil), Baxter International Inc. (United States) and Edwards Lifesciences Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aesculap, Inc. (United States), Braile Biomedica (Brazil), CryoLife, Inc. (United States), W. L. Gore & Associates, Inc (United States), InSitu Technologies (United States), Tissuemed (United Kingdom) and Vascutek (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Vascular Patches market by Type, Application and Region.
On the basis of geography, the market of Vascular Patches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region hold largest market share in the year 2023.
Market Influencers and their Development Strategies
On 13th October 2019, LeMaitre Vascular, Inc. has announced that it has acquired the biologic patch business of Admedus Ltd for USD 15.5 million, of which USD 14.2 million was paid at closing and USD 1.3 million is due in two post-closing installments, as well as potential earnout payments of USD 7.8 million payable based upon the performance of the acquired business as well as other milestones.
In 2022, Labcor Laboratorios' research center is ISO 9001 accredited for technological development in experimental cardiovascular and vascular surgery., In 2021, Anvisa awarded Labcor's new manufacturing unit a Good Manufacturing Practices certificate., In 2021, Axio Biosolutions has announced US Food and Drug Administration (FDA) approval for Axiostat Patch, a product that primarily helps control moderate to severe bleeding in vascular procedures., In 2021, Terumo Corporation announced the launch of a global surgical graft research known as PANTHER. This study is a prospective and retrospective study of a wide range of knitted and woven surgical grafts and cardiovascular patches. and CryoLife, Inc. announced a name change and rebranding to Artivion, Inc. on January 18, 2022. According to the company, the name comes from aorta, innovation and vision.
Key Target Audience
Vascular Patches Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, Hospitals and clinics, Ambulatory surgical centers, End Users and Others
Vascular Patches Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Vascular Patches Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Vascular Patches industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.