Global Vascular Patches Industry To Reach USD 724.2 Million by 2030 | CAGR 8.1%

The vascular patches market had the revenue of USD 387.3 million in 2022, which will power at a CAGR of 8.1% in the years to come, to touch a value of USD 724.2 million by 2030.

The main risk for patients now is multi-morbidity, denoting the concurrent occurrence of two or more chronic ailments. Approximately 80% of the adults aged 65 and above have two or more chronic ailments, and 68% have three or more.

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The biological category had a larger share of revenue, about 60%, in 2022, and it will maintain its dominance in the years to come. This is because biological variants are extensively used for closing the arteries during cardiac surgeries.

North American vascular patches market dominated with about 40% share, in 2022 as per a report by P&S Intelligence, a market research institution. This has a lot to do with the constant growth in healthcare technologies, fast changing lifestyles, increasing incidence of cardiac ailments and hernia, growing consumption of tobacco and alcohol, rising obesity levels, and increasing substance abuse.

Furthermore, the increasing frequency of product introductions and the commercialization of state-of-the-art treatments power advance of the industry. The region also dominates the market because of the progressions in its healthcare infra and a beneficial insurance compensation situation for vascular treatments.

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It is because of the increasing prevalence of vascular disorders, the demand for vascular patches is increasing, and will increase considerably by the end of this decade.

Market Segmentation by Material
• Biological
• Synthetic
Market Segmentation by Application
• Carotid Endarterectomy (CEA)
• Open Abdominal Aortic Aneurysm (AAA) Surgery
• Vascular Bypass Surgery
• Congenital Heart Disease
• Others
Market Segmentation by End User
• Hospitals
• Ambulatory Surgery Centers
• Others
Market Segmentation by Region
• North America Vascular Patches Market
o By material
o By application
o By end user
o By country - U.S. and Canada
• Europe Vascular Patches Market
o By material
o By application
o By end user
o By country - Germany, U.K., France, Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Vascular Patches Market
o By material
o By application
o By end user
o By country - Japan, China, India, South Korea, Australia, and Rest of APAC
• Latin America (LATAM) Vascular Patches Market
o By material
o By application
o By end user
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Vascular Patches Market
o By material
o By application
o By end user
o By country - Saudi Arabia, South Africa, U.A.E., and Rest of MEA

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This release was published on openPR.