Vascular Patches Market worth USD 523 Million by 2023

Vascular Patches Market Analysis Size, Growth rate and Overview:

Vascular Patches Market was valued at USD 320 Million in 2017 and is expected to reach almost USD 523 Million by the end of 2023, growing at a CAGR of around 8.2% over the predicted period.

The urethane polyester is used for the production of vascular patches. It has a greater mechanical stability and excellent biocompatibility. Elastic materials reduce bleeding from the suture hole. A microporous patch allows the incorporation of tissue and is airtight, which means that it does not require impregnation or pre-coagulation.

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Vascular Patches Market Key Drivers, Challenges, and Opportunities:

The aging of the population and the growing number of vascular diseases among the population are the main factors driving the growth of the vascular patch market. In addition, factors such as the increasing adoption of these patches in surgeries and the growth rate of vascular surgeries performed stimulated the growth of the market. In the worldwide market, biological vascular patches play an important role in market growth due to their advantages such as ease of use, minimal infection rate compared to synthetic biocompatibility and excellent low bleed suture lines. The factors that limit the growth of the vascular patch market are the lack of qualified professionals and the cases of product failure.

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Vascular Patches Market – Regional Presence:

The geographic diversification of the vascular patch market includes North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America has been an important part of the vascular patch market. The factors that influence the growth of the market in this region are the aging of the population and the increasing frequency of vascular diseases. In addition, the presence of the main market players in the region also accelerates market growth. The market for vascular patches is expected to grow at a rapid pace in the Asia-Pacific region due to the increasing number of cases of cardiovascular diseases. In addition, government support initiatives have also boosted the market.

Some of the Key Players Profiled in this Vascular Patches Market Report are:

Terumo Corporation, C. R. Bard, Inc, B. Braun Melsungen AG, LeMaitre Vascular, Inc, Maquet,  W. L. Gore & Associates, Inc, Admedus, CryoLife, Inc, Labcor Laboratórios Ltd, Baxter International Inc, Edwards Lifesciences Corporation.

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