Key Players Shaping the Vascular Patches Market by 2021 to 2031

 The global vascular patches market is poised for significant growth over the next decade, with projections indicating a robust 5.8% CAGR between 2021 and 2031. According to a recent report by Future Market Insights (FMI), the market, valued at approximately USD 136.9 million in 2021, is forecasted to reach USD 241.4 million by 2031.

Key findings from the report highlight the dominance of biologic vascular patches, which accounted for 52.9% of the market share in 2020. This growth trajectory is attributed to the escalating prevalence of cardiovascular diseases worldwide, necessitating effective revascularization methods.

Get your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-12868

The world's supply of premium patch products is assisting in meeting the unmet demand for cardiological therapy. The rising prevalence of cardiovascular diseases is largely due to lifestyle modifications such physical inactivity, cigarette use and smoking, and poor diets.

The development of cardiac care, which has improved diagnostic methods and management and increased life expectancy, is another factor driving the market for vascular patches. Key market players are concentrating on creating unique goods employing biologic resources already in existence and patented treatments.

Vascular patches are being used by major healthcare institutions all over the world more frequently to treat undesirable situations including organ failure and stroke in cardiac cases through surgical management. These dynamic variables are propelling the global vascular patches market's expansion and are anticipated to encourage more developments everywhere.

Key Takeaways from Market Study:

  • Synthetic patches are expected to hold over 52.2% market value share by the end of 2031.
  • Peripheral vascular diseases are expected to hold a higher share of around 30.9% in 2031 in terms of application.
  • Hospitals are expected to hold the largest share of 45.0% in 2031 in terms of end user.
  • North America is slated to remain dominant, accounting for 36.2% of the overall sales through the end of the forecast period.

“Recent developments in cardiac surgery, coupled with focus on ensuring greater accuracy, precision, and efficiency are set to boost the sales of vascular patches worldwide,” says an analyst of Future Market Insights.

Market Competition:

The key players are focusing on delivering effective treatment lines to their patients, ensuring the right treatment for the right patient at the right time. Manufacturers are actively working in coherence with researchers in order to be able to acquire enhanced and innovative concepts to widen the therapeutic actions of the product that drive their research capabilities and strengthen their product portfolio.

  • On September 25, 2020, Getinge signed a partnership agreement with Universeum. Getinge supported Universeum for innovation as well as contributing to social development with a strong focus on health.
  • On May 21-24, 2019, Rafael Braile (Executive Director) and Dr. Diego Gaia (Cardiovascular Surgeon) of Braile Biomedica presented a new unique product, Endobentall, at the Euro PCR event held in Paris, France.

Key Companies Profiled:

  • Braile Biomedica
  • Baxter International
  • Getinge Ab (Maquet)
  • B. Braun Melsungen AG
  • W. L. Gore & Associates
  • Admedus
  • Cryolife
  • Edwards Lifesciences
  • Labcor Laboratórios
  • Terumo Corporation
  • BiOTECK
  • Lab Medica
  • Tissuemed
  • InSitu Technologies
  • LeMaitre Vascular, Inc.
  • Becton, Dickinson, and Company
  • CARITAS.

More insights available

Regionally, North America holds the largest share of the global vascular patch market, owing to the well-established healthcare infrastructure, the high prevalence of cardiovascular diseases, and the presence of major players in the region. Europe is the second-largest market for vascular patches, owing to the increasing adoption of advanced medical technologies, favorable reimbursement policies, and rising healthcare expenditure.

Key Market Segments Covered in Vascular Patches Industry Research:

By Material:

  • Synthetic vascular patches
  • Biologic vascular patches

By Application:

  • Carotid Endarterectomy
  • Open Repair of Abdominal Aneurysm
  • Vascular bypass Surgery
  • Peripheral vascular reconstruction
  • Others

By End User:

  • Hospitals
  • Trauma Care Centers
  • Academic & Research Institutes

Comments

Post a Comment

Popular posts from this blog

Beyond COVID-19: A Look at Vaccines Market Post-Pandemic From 2023 to 2033

Image
 In recent years, the Vaccines Market has undergone a dramatic transition brought on by ground-breaking scientific discoveries and the pressing need for universal immunisation. The COVID-19 pandemic acted as a stimulus for a surge in vaccine demand that has prompted academics and pharmaceutical corporations to develop at a previously unheard-of rate. This blog examines the changing market environment for vaccines, highlighting significant trends, difficulties, and opportunities. Technology advancements like mRNA and vector-based platforms have completely changed how vaccines are developed. These innovative techniques have proven to be remarkably effective against contagious illnesses like COVID-19, opening the door for the development of new vaccines. In response to the pandemic, mRNA vaccines were developed and distributed quickly, showcasing the promise of these ground-breaking technology. Supercharge Your Knowledge: Dive into the Booming Vaccines market with Our Sample Report @ ht
Read more

Key Players Shaping the 3D Cell Culture Market: By 2022 to 2031

Image
  The global 3D cell culture market is anticipated to account for a growth rate of around 9.8% over the forecast period from 2022 to 2031. The global market is expected to account for around US$ 1.15 Billion in 2022 and attain a valuation of US$ 2.67 Billion by 2031. According to the analysis done by Future Market Insights, the global 3D cell culture market accounted for a CAGR of 4.8% in 2021. During the historical period of 2016 to 2021, the 3D cell culture market expanded at a CAGR of 7.1%. According to the studies conducted by Future Market Insights, the comparative analysis along with the market growth rate of the global 3D cell culture market is expected to show a negative BPS growth in the H1-2022 outlook as compared to H1-2022 projected period by 10 BPS, However, a positive BPS growth is expected in H1-2022 over H1- 2021 duration with 02 Basis Point Share (BPS). The global 3D cell culture market observes a drop in the BPS values owned to its disadvantage as compared to surface
Read more

Technological Advancements Fueling the Physiotherapy Equipment Market By 2023 to 2033

 The physical well-being and quality of life of people who are recuperating from injuries or who have chronic diseases are greatly enhanced by physical therapy. The Physiotherapy Equipment Market has experienced growth in tandem with the increase in demand for physiotherapy services. Due in large part to technological innovation, the prevalence of neurological and musculoskeletal illnesses is rising, and this sector of the economy is expanding quickly. The market for physiotherapy equipment has a large selection of gadgets and instruments made to help with the healing process. The industry has made considerable strides to meet a variety of treatment demands, from heat and cold therapy devices to electrotherapy machines and therapeutic exercise equipment. These contemporary resources help physiotherapists deliver more focused care, increase patient results, and enrich the therapeutic process as a whole. Grab Your Exclusive Report: Unveiling the Spectacular Growth of the Physiotherapy E
Read more