The global vascular patches market is expected to grow lucratively in coming years, due to the high prevalence of cardiac complications, technological and healthcare increments. Coronavirus has negatively impacted the vascular patches market by drawing global attention towards the massive influx of the coronavirus patients, which ultimately shifted the medical, research attentions and investments towards it from the other disease areas. Also, the lockdown imposed during the pandemic outbreak resulted in the shutdown of labs, offices, halted supplies and restricted the regular visits of patients of other diseases such as cardiac diseases.
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By material, the global vascular patches market is further segmented into:
By application, the global vascular patches market is further segmented into:
By end-user, the global vascular patches market is further segmented into:
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Increasing prevalence of cardiac diseases driven by the sedentary lifestyle, stress and other disruptive habits, and the surging medical advancements, high adoption rate of vascular patches due to their excellent biocompatibility, and awareness are driving the growth of vascular patch market. The rising cases of ischemia stroke, expanding geriatric populations are transcending the needs for stenosis and surgeries of autologous vessels including saphenous vein and internal thoracic artery. The advanced surgical technologies, major players with their deliberated research to develop novel vascular patches.
The rising awareness of cardiac diseases, surgeries and escalating healthcare infrastructures are also fueling the market. However, the growth is restrained by the dwindling numbers of surgeries, products failure and recalls, and associated risk of hematomas, severe bleeding and death. Although, the overall growth of the vascular patches market is expected to leverage with the advancing medical technologies and excellent vascular patches materials, expanding patient population and awareness.
The key players of vascular patches market include B. Braun Melsungen AG, BD, LeMaitre, Baxter International, Getinge AB, VUP Medical, McKesson Medical-Surgical Inc. and CryoLife, Inc.
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The global vascular patches market is anticipated to be dominated by North America due to the huge geriatric population, surging cases prevalence of cardiac complications, advanced R&D and technology and awareness. Europe is expected to hold the second-largest vascular patches market with its diverse vascular patch products, high healthcare expenditure and infrastructure.
Asia-Pacific vascular patches market is expected to emerge as the fastest-growing market, driven by the escalating healthcare infrastructure, research, medical technologies, growing awareness, and giant patient pool. Latin America vascular patches market is also expected to grow with the research and innovations of vascular and endovascular surgeries. Middle East &Africa vascular patches market are expected to elevate gradually with the progressing healthcare infrastructure.
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