Global $525.8 Million Vascular Patches Market by Material, Application, Patient Care Setting - Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Vascular Patches Market by Material, Application, Patient Care Setting - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The vascular patches market is expected to reach USD 525.8 million by 2023 from USD 349.6 million in 2018, at a CAGR of 8.5%.

Factors such as rapidly growing geriatric population and the subsequent increase in the prevalence of vascular diseases; increasing number of vascular surgeries performed; and increasing adoption of biological patches are driving the growth of the market.

The decreasing number of carotid endarterectomy surgeries and product failures and recalls are expected to limit market growth in the coming years.

On the basis of material, the vascular patches market is segmented into biologic vascular patches and synthetic vascular patches. The biologic vascular patches segment is expected to grow at the highest CAGR during the forecast period. Growth in this market can largely be attributed to the advantages associated with the use of biologic vascular patches, such as superior biocompatibility, ease of use, minimal suture line bleeding, and reduced rates of infection in comparison with synthetic patches.

Market Dynamics

Drivers

  • Rapidly Growing Geriatric Population and the Subsequent Increase in the Prevalence of Vascular Diseases
  • Increasing Number of Vascular Surgeries Performed
  • Increasing Adoption of Biological Patches

Restraints

  • Decreasing Number of Carotid Endarterectomy Surgeries
  • Product Failures and Recalls

Opportunities

  • Emerging Markets

Challenges

  • Need for Highly Skilled Professionals

Trends

  • Product Launches and Approvals

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Vascular Patches Market, By Material

7 Vascular Patches Market, By Application

8 Vascular Patches Market, By End-User

9 Vascular Patches Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Admedus
  • B.Braun
  • Baxter International
  • C. R. Bard
  • Cryolife
  • Edwards Lifesciences
  • Labcor
  • Lemaitre Vascular
  • Maquet (Subsidiary of Getinge AB)
  • Terumo Corporation
  • W. L. Gore & Associates

For more information about this report visit https://www.researchandmarkets.com/research/tv73gr/global_525_8?w=4

Contacts

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Related Topics: Cardiovascular Devices

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Cardiovascular Devices