The global vascular patches market is growing at a significant CAGR during the forecast period. One of the major factors that are driving the growth of the global vascular surgery market is the increasing geriatric population across the globe. According to WHO, people are living longer however, they are not healthy as most of them are suffering from one or more diseases such as hypertension, diabetes and so on. Most of this population aging is prevalent in high-income countries such as Japan, France and so on. In Japan, more than 30% of the population is above the age of 60 years, now population aging has started in low-income countries such as China, India, and Iran and so on. This aging population is being subject to various vascular diseases which are in turn assisting in the growth of vascular patches market.
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Vascular surgeries are a new inter-disciplinary subject of medical science in which diseases of the vascular system, or arteries, veins, and lymphatic circulation are cured by medical therapy. Additionally, minimally-invasive catheter procedures and surgical reconstruction are used for managing the diseases. Most of the vascular surgeries are clean, however; there is still a high possibility of catching infections. Further, advancement in healthcare is another factor as more and more vascular surgery is being developed the need for vascular patches is growing. In addition, cardiac diseases are rising across the globe and these are the leading cause of death in high-income countries which in turn is assisting the vascular patches industry. Moreover, various benefits of vascular patches over synthetic patches such as lower infection rate, easy to use, higher biocompatibility and so on are assisting in the escalating demand of vascular patches in the market.
The vascular surgeons are highly trained to treat almost every disease of the vascular system except those of the heart and brain. The diseases of heart vessels are cured by cardiothoracic surgeons. Most of the vascular surgery patients are usually old age and are generally affected by internal medicine diseases. The key market player dominating the global vascular patches market include Baxter International Inc., Edwards Lifesciences Corp., Becton, Dickinson, and Co., Terumo Corp., Admedus, LeMaitre Vascular Inc. and others. These players are significantly contributing to the market and have around 40-50% during the forecast period. Some of the strategies that are majorly being adopted include new products and services offering, expansion, mergers & acquisitions among others. For Instance, Cardial was acquired by LeMaitre Vascular, Inc, Cardial is a subsidiary Becton, Dickinson & Co. the primary objective of the acquisition was to strengthen the customer base and product portfolio of the company.
Global Vascular Patches Market -Segment
• Carotid Endarterectomy
• Aortic Aneurysms
• Vascular Bypass Surgery
• Others (arteriovenous (AV) fistula repair, suture line buttressing)
• Biological Vascular Patches
• Synthetic Vascular Patches
Global Vascular Patches Market -Regional
• United States
• United Kingdom
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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