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Vascular Patches Market | CMI PR

Vascular patches are the medical products that are used in tissue repair and reconstruction in congenital cardiac surgery. The vascular patches helps in tissue remodeling, vascular cell regeneration, and cellular integration. Moreover, increasing prevalence of cardiovascular diseases (CVD) is expected to boost the market growth. For instance, according to an article published in the National Center for Health Statistics (NCHS), in May 2019, report that around18.2 million i.e. 6.7% of adults age 20 and older had coronary artery disease (CAD) in the U.S.

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Vascular Patches Market | CMI PR

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ VASCULAR PATCHES MARKET ANALYSIS

  2. VASCULAR PATCHES MARKET ANALYSIS • Vascular Patches Market, by Type (Biologic Vascular Patches and Synthetic Vascular Patches), by Application (Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, and Others), by End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. The global vascular patches market is estimated to be valued at US$ 4,778.3 million in 2020 and is expected to exhibit a CAGR of 7.0% during the forecast period (2020-2027). • Mergers & acquisitions by the major players are expected to propel growth of the global vascular patches market • Major players are focusing on mergers & acquisitions, which are expected to drive the market growth during the forecast period. For instance, in October 2019, LeMaitre Vascular, Inc., a provider of peripheral vascular devices and implants, acquired the business unit of biologic patch of Admedus Ltd, a medical technologies company. Under the acquisition these companies signed a license agreement for the tissue processing technology to the CardioCel and VascuCel product lines of Admedus Ltd.

  4. Figure 1. Global Vascular Patches Market Share (%), by Region, 2020

  5. Increasing geriatric population in North America are expected to boost the market growth • North America is expected to hold a dominant position in the global vascular patches market, owing to the increasing geriatric population as they are prone to suffer with cardiovascular diseases in the region. For instance, according to an article published by the U.S. Census Bureau, in March 2015, reports that between 2014 and 2060, the U.S. geriatric population is estimated to increase from 319 million to 417 million, and reaching 400 million in 2051.

  6. Global Vascular Patches Market – Impact of Coronavirus (COVID-19) Pandemic • The coronavirus (COVID-19) pandemic and resulting lockdowns in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare is one such sector, which has been impacted significantly by the COVID-19 pandemic. • The lockdowns in various countries due to the pandemic have placed an economic burden on the healthcare sector. Moreover, the pandemic has hampered development, production, and supply of drugs and other healthcare products, and also affected growth of the healthcare businesses across the globe. • As a result, impact of the COVID-19 pandemic is expected to limit growth of the global vascular patches market during the forecast period.

  7. Figure 2. Global Vascular Patches Market Share (%), by Type, 2020

  8. Key Players • Major players operating in the global vascular patches market include B. Braun Melsungen AG, C. R. Bard, Inc., LeMaitre Vascular, Inc., Getinge AB (Maquet), W. L. Gore & Associates, Inc., Edwards Lifesciences Corporation, Baxter International Inc., CryoLife, Inc., Medtronic, and Admedus, among others.

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  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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