Global Vascular Patches Market Report 2018-2023 - Opportunities in Emerging Markets

DUBLIN, July 4, 2018 /PRNewswire/ --

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

The global 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%.

Growth in the vascular patches market is mainly driven by the rapidly growing geriatric population and the subsequent increase in the prevalence of vascular diseases, the increasing number of vascular surgeries performed, and the increasing adoption of biological patches.

The global vascular patches market is segmented into material, application, end user, and region. Based on application, the vascular patches market is segmented into carotid endarterectomy, open repair of abdominal aortic aneurysms, vascular bypass surgery, and other applications. Other applications include arteriovenous (AV) fistula repair, suture line buttressing, and open surgical treatment of thrombotic vena cava occlusion. Of all these application segments, carotid endarterectomy accounted for the largest share of the market in 2017. The large share of this segment can be attributed to the high number of carotid endarterectomy procedures conducted across the globe.

Based on material, the vascular patches market has been segmented into biologic vascular patch and synthetic vascular patch. The biologic vascular patch segment is expected to offer growth opportunities for market players during the forecast period, primarily due to the growing patient pool for the condition. These patches have a number of advantages over their synthetic counterparts in terms of biocompatibility, reduced rates of infection, and ease of use.

Based on end-user, the vascular patches market has been segmented into hospitals & clinics and ambulatory surgical centers. In 2017, the hospitals & clinics segment accounted for the largest market share. The availability of infrastructure and the presence of skilled professionals in hospitals are the major driving factors for this segment.

The global vascular patches market is dominated by North America, followed by Europe. North America will continue to dominate the global vascular patches market during the forecast period. However, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. Growth in this market is driven by the presence of a large patient population and increasing awareness regarding advanced vascular products.

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

Terumo Corporation (Japan), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (US), Maquet (Germany), W. L. Gore & Associates, Inc. (US), Admedus (Australia), CryoLife, Inc. (US), Labcor Laboratrios Ltda (Brazil), Baxter International Inc. (US), and Edwards Lifesciences Corporation (US) have been identified as key players in this market. These companies have broad product portfolios with comprehensive features. These leaders also have products for all end users in this market, a strong geographical presence, and a focus on continuous product innovation.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Approach
2.2 Research Data
2.2.1 Secondary Sources
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Sources
2.2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Vascular Patches: Market Overview
4.2 Asia Pacific: Vascular Patches Market, By Application (2018)
4.3 Vascular Patches Market, By Material (2018-2023)
4.4 Geographical Snapshot of the Vascular Patches Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapidly Growing Geriatric Population and the Subsequent Increase in the Prevalence of Vascular Diseases
5.2.1.2 Increasing Number of Vascular Surgeries Performed
5.2.1.3 Increasing Adoption of Biological Patches
5.2.2 Restraints
5.2.2.1 Decreasing Number of Carotid Endarterectomy Surgeries
5.2.2.2 Product Failures and Recalls
5.2.3 Opportunities
5.2.3.1 Emerging Markets
5.2.4 Challenges
5.2.4.1 Need for Highly Skilled Professionals
5.2.5 Trends
5.2.5.1 Product Launches and Approvals

6 Vascular Patches Market, By Material
6.1 Introduction
6.2 Biologic Vascular Patches
6.3 Synthetic Vascular Patches

7 Vascular Patches Market, By Application
7.1 Introduction
7.2 Carotid Endarterectomy
7.3 Open Repair of Abdominal Aortic Aneurysms
7.4 Vascular Bypass Surgery
7.5 Other Applications

8 Vascular Patches Market, By End User
8.1 Introduction
8.2 Hospitals and Clinics
8.3 Ambulatory Surgical Centers

9 Vascular Patches Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 RoE
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 RoAPAC
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Expansions
10.3.2 Product Launches and Approvals
10.3.3 Agreements and Partnerships
10.3.4 Investments

11 Company Profiles
11.1 Lemaitre Vascular
11.2 Baxter International
11.3 Maquet (Subsidiary of Getinge AB)
11.4 B.Braun
11.5 W. L. Gore & Associates
11.6 Admedus
11.7 Cryolife
11.8 C. R. Bard
11.9 Edwards Lifesciences
11.10 Labcor
11.11 Terumo Corporation

For more information about this report visit https://www.researchandmarkets.com/research/gskdj2/global_vascular?w=5

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