USD 387.30 million
Vascular Patches Market Size, Share, Growth Analysis, By Material(Biologic Vascular Patches, and Synthetic Vascular Patches), By Application(Carotid Endarterectomy, Aortic Aneurysms) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2805 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
63 |
Figures:
66
Vascular Patches Market Insights
Global Vascular Patches Market size was valued at USD 387.30 million in 2022 and is poised to grow from USD 418.67 million in 2023 to USD 780.69 million by 2031, growing at a CAGR of 8.10% during the forecast period (2024-2031).
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Market snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic Patches
Growth Rate
8.10% CAGR
Global Vascular Patches Market ($ Bn)
Country Share for North America Region (%)
Global Vascular Patches Market By Material (%)
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Vascular Patches Market Segmental Analysis
The global Vascular Patches Market is segmented into three segments i.e. by Material, Application and Region. Based on material, the market is segmented into Biologic Vascular Patches, Synthetic Vascular Patches. Based on Application, the market is segmented into Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, Other Applications. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Material
Biologic patches demonstrate distinct advantages over synthetic materials, particularly in terms of ease of use and lower susceptibility to infections. These attributes position the Biologic vascular patch segment to exhibit rapid growth throughout the forecast period. The inherent benefits associated with biologic patches, such as their user-friendly nature and reduced risk of infections, contribute significantly to their anticipated accelerated growth rate.
Synthetic patches play a crucial role in the vascular patches market, offering distinct advantages in certain aspects. These patches, crafted from synthetic materials, provide durability, consistency in performance, and controlled properties, making them a reliable choice for specific applications. Their standardized composition allows for precise customization and tailored solutions to address varied vascular needs.
Analysis by Application
Carotid Endarterectomy (CEA) plays a pivotal role in shaping the dynamics of the vascular patches market. This surgical procedure is specifically designed to address carotid artery stenosis, a condition characterized by the narrowing of the carotid arteries. Vascular patches find extensive application in CEA, where they are utilized to repair the artery after the removal of atherosclerotic plaque. The role of vascular patches in CEA involves providing structural support, reinforcing the arterial wall, and facilitating optimal blood flow restoration.
Aortic aneurysms represent a critical segment within the vascular patches market due to their specific medical significance. Vascular patches play a pivotal role in addressing aortic aneurysms, a condition characterized by the weakening and bulging of the aortic wall. Surgeons utilize vascular patches in repairing or reinforcing weakened areas of the aorta during aneurysm repair procedures, including open surgical and endovascular interventions.
Global Vascular Patches Market By Material , 2022 (%)
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Vascular Patches Market Regional Insights
North America held a substantial portion of the global vascular patches market, largely attributed to a rising awareness of health matters and the widespread availability of cardiovascular treatment facilities across the region. Additionally, the presence of well-defined reimbursement protocols and the adoption of advanced technological methodologies contribute significantly to the expansion of the market.
Asia-Pacific is projected to experience the most rapid growth rate, primarily influenced by the increasing prevalence of cardiovascular diseases within the region. The escalating population afflicted with chronic kidney disease, end-stage heart disease, diabetes, and various other medical conditions is anticipated to serve as a driving force behind the market's expansion.
Global Vascular Patches Market By Region, 2024-2031
- Largest
- Fastest
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Vascular Patches Market Dynamics
Drivers
Growing Prevalence of Vascular Diseases
- The rapid expansion of the worldwide elderly demographic stands as a significant contributing factor to the rising prevalence of numerous diseases and conditions, encompassing CVDs, high cholesterol, hypertension, strokes, cancer, and aneurysms. The age is a prominent factor contributing to the decline of cardiac health, the growth observed within the aging population serves as a pivotal indicator driving market expansion.
Restraints
Product Recall
- The projected hindrance to market growth in the forecast period is attributed to a notable rise in product recalls. As an illustration, Baxter International, a prominent healthcare company based in Illinois, U.S., conducted a recall of the Vascu-Guard peripheral vascular patch. Instances of such recalls, indicative of quality or safety concerns associated with specific medical products, are anticipated to impede the market's growth trajectory. This recall serves as an exemplar of the impact such events can have on market dynamics, potentially influencing consumer trust and industry performance during the forecast period.
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Vascular Patches Market Competitive Landscape
The competitive environment of the global Vascular Patches Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Medtronic plc
- W. L. Gore and Associates, Inc.
- Getinge AB
- Cook Medical
- B.Braun
- C. R. Bard
- Endologix
- Shanghai Suokang Medical Implants Co. Ltd.
- Cardinal Health
Recent Developments
- In November 2022, Lynxter unveiled the S300X, heralded as a pioneering solution in elastomer 3D printing technology.
- Simultaneously, EPLUS 3D introduced a cutting-edge nine-laser metal 3D printer during the same period.
- In May 2022, Vivasure Medical successfully concluded the initial tranche of its Series D financing round, securing USD 22 million (USD 23 million) in funding. This investment round was spearheaded by a multinational strategic corporation. The substantial financial backing is earmarked to bolster the company's clinical development and regulatory approval initiatives across the United States and Europe.
Vascular Patches Key Market Trends
- The adoption of the MIDCAB (Minimally Invasive Direct Coronary Artery Bypass) procedure has witnessed a surge owing to heightened interest in minimally invasive medical techniques, attributed to its safety profile and low mortality rates. Furthermore, its compatibility with cardiopulmonary bypass and aortic cross-clamp adds to its appeal. Anticipations for the future indicate that advancements in surgical procedures incorporating coronary artery stent grafts will likely drive an increased demand for vascular grafts.
Vascular Patches Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The market's growth trajectory is notably influenced by the surge in research and development endeavors focused on enhancing vascular patch manufacturing. For example, insights from an article published in the Materials Bio Journal in April 2022 shed light on innovative advancements in hybrid 3D printing biotechnology. This cutting-edge technology exhibits substantial potential for widespread application, particularly in the realm of regenerative medicine, offering promising prospects for heart disease prevention.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 387.30 million |
| Market size value in 2031 | USD 780.69 million |
| Growth Rate | 8.10% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vascular Patches Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vascular Patches Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vascular Patches Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vascular Patches Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vascular Patches Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vascular Patches Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Vascular Patches Market Report Snapshots
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