DUBLIN--(BUSINESS WIRE)--The "Vascular Patches Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The growth of the vascular patches 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.
Companies Mentioned
- Lemaitre Vascular
- Baxter International
- Getinge AB (Maquet)
- B. Braun Melsungen AG
- W. L. Gore & Associates
- Admedus
- Cryolife
- C. R. Bard (BD)
- Edwards Lifesciences
- Terumo Corporation
Key Market Trends
The Aortic Aneurysms Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period
Pseudoaneurysm of the ascending aorta is a rare but potentially fatal complication after cardiovascular surgery, and it can result in a rupture. A small, localized saccular pseudoaneurysm of the aorta is often treated with quick patch repair rather than tube graft replacement.
As per a 2019 report by Ronald L Dalman et al., certain forms of aortic aneurysm like abdominal aortic aneurysm (AAA) are uncommon among people under the age of 60 years. About 1 person in 1000 develops AAA between the ages of 60 and 65 years, and this number continues to rise with age. The report also observes that AAAs occur in up to 13% of men and 6% of women over the age of 65 years. Moreover, the global geriatric population is also on the rise, especially in developed regions of the world. For instance, in the United States, the population aged 60 years and above is expected to increase from 21.5% in 2017 to 27.8% by 2050. This factor is also expected to increase the incidence of aortic aneurysm, which will increase the demand for vascular patches, helping in the market growth.
North America Captured the Largest Market Share and is Expected to Retain its Dominance
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. This has driven the research and development in the region and also promoted awareness regarding vascular patches.
Additionally, 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.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rapidly Growing Geriatric Population and Increase in the Prevalence of Vascular Diseases
4.3.2 Increasing Adoption of Biological Patches
4.4 Market Restraints
4.4.1 Risk of Immune Response and Serious Complications
4.4.2 Product Failures and Recalls
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Biologic Vascular Patches
5.1.2 Synthetic Vascular Patches
5.2 By Application
5.2.1 Carotid Endarterectomy
5.2.2 Aortic Aneurysms
5.2.3 Profundaplasty
5.2.4 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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