Vascular Patches Market is expected to grow in upcoming years due to factors such as rise in prevalence of vascular diseases and increase in adoption of vascular patches in surgeries due to ease in usage and its less infection rate.
Vascular patches are used after the procedure of carotid endarterectomy. The patches ensure precise closures during the endarterectomy and vascular reconstruction process. Vascular patches are used for peripheral vascular reconstruction, surface line buttressing and other repairs. The patches are also used for femoral, renal and iliac endarterectomy procedures. vascular patches are made up of polyester urethane. The elastic material used in patches helps to reduce suture hole bleeding. Vascular patches possess excellent handling properties. The microporous structure in the patches helps proper incorporation of tissues. Patches produced from biological or synthetic material possess excellent biocompatibility and long -term mechanical stability.
COVID-19 scenario analysis:
To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Vascular Patches Market.
Top Impacting factors:
- Factors such as rise in prevalence of vascular diseases and increase in the geriatric population around the world is expected to surge the market growth for vascular patches market.
- Increase in the use of vascular patches in surgeries will rise the growth for vascular patches market.
- Rise in growth of emerging markets and advanced medical facilities will boost the growth of vascular patches market in upcoming years.
- Technological advancements made in the patches and rise in the expenditure for R&D activities by the companies is expected to rise the growth for vascular patches market.
- However, factors such as decrease in number of carotid endarterectomy surgeries, product failure, recalls and other factors will hamper the growth of vascular patches market up to some extent over the forecast period.
New Product Launch / News:
- In 2020, Agile Therapeutics, Inc. a women’s healthcare company, announced U.S. Food and Drug Administration (FDA) approval of Twirla (levonorgestrel and ethinyl estradiol) transdermal system.
- In 2019, Admedus dealt its biologic patch business to LeMaitre Vascular in a deal worth up to $24.6 million to focus on the transcatheter aortic valve replacement market.
Key benefits of the report:
- This study presents the analytical depiction of the Global Vascular Patches Market along with the current trends and future estimations to determine the investments.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Vascular Patches Market share.
- The current market is quantitatively analyzed to highlight the Vascular Patches Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed vascular patches Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Vascular Patches Market Report:
- What are the leading market players active in Vascular Patches Market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
- What Segments and region will drive the market growth & why?
Vascular Patches Market Report Highlights
By End Users
Key Market Players
B. Braun Melsungen AG, Terumo Corporation, CryoLife, C. R., Labcor Laboratórios, Baxter International, Admedus, Edwards Lifesciences Corporation