Vascular Patches Market to Observe Strong Development of 10.53% CAGR by 2024 | Lemaitre Vascular, Baxter International, Getinge AB, B Braun Melsungen AG, Admedus, Edwards Lifesciences, Terumo

Global Vascular Patches Market research report 2019 - 2024 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Overview of the Global Vascular Patches Market:

The Global Vascular Patches Market 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.

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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.

Regionally, 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.

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Major Key Players:

1 Lemaitre Vascular

2 Baxter International

3 Getinge AB (Maquet)

4 B. Braun Melsungen AG

5 W. L. Gore & Associates

6 Admedus

7 Cryolife

8 C. R. Bard (BD)

9 Edwards Lifesciences

10 Labcor

11 Terumo Corporation and More…………………..

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Vascular Patches Market.

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Table of Contents:

1 Introduction

2 Global Vascular Patches Market Research Methodology

3 Executive Summary

4 Global Vascular Patches Market Dynamics

5 Global Vascular Patches Market Segmentation

6 Competitive Landscape

7 Global Vascular Patches Market Opportunities and Future Trends

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