The global vascular patches market is expected to grow at a 5.3% CAGR during the forecast period. Vascular patches find application in closing sutures in vascular surgeries required to treat cardiovascular diseases (CVDs). Vascular patches are produced from either biological or synthetic materials and are characterized by enhanced biocompatibility along with the proven long-term mechanical stability. The global vascular patches market is expected to witness considerable growth during the forecast period. The market growth is driven by increasing geriatric population coupled with the rising number of vascular surgeries, that in turn, spur the demand for vascular patches. In addition, increasing demand for minimally invasive surgeries further gives a boost to the growth of the global vascular patches market.

The global vascular patches market is segmented on the basis of application and material. on the basis of application, the market is segmented into carotid endarterectomy, aortic aneurysms, vascular bypass surgery, and others. Vascular patches for carotid endarterectomy segment is expected to hold a significant market share owing to a high number of carotid endarterectomy procedures conducted globally. Further, on the basis of material, the market is bifurcated into synthetic vascular patches and biological vascular patches. Biological vascular patches have several advantages that include ease of use, biocompatibility, and ease of use, owing to which biological vascular patches are expected to have significant growth during the forecast period.

Geographically, the market is segmented into four major regions that include North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is expected to hold a prominent share in the global vascular patches market during the forecast period. The market growth is driven by increasing prevalence of vascular diseases in the region. Further, the region has well-established healthcare infrastructure which further spurs the regional growth of the market. Moreover, Asia-Pacific is expected to exhibit a considerable growth rate during the forecast period.

Some of the players operating in the global vascular patches market include Baxter International Inc., Edwards Lifesciences Corp., Becton, Dickinson, and Co., Terumo Corp., Admedus, LeMaitre Vascular Inc. and others. These players adopt various organic and inorganic growth strategies such as partnership and collaboration, and merger and acquisition to strengthen their global presence in the market. For instance, in October 2018, LeMaitre Vascular, Inc. acquired the assets of Cardial, a subsidiary of Becton, Dickinson & Co. With this acquisition, the company has strengthened its existing product line.

Research Methodology

The market study of the vascular patches is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for vascular patches manufacturers and distributors, medical device companies, healthcare organizations, hospitals and clinics, investing companies and venture capitalists, and government organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, various products offered by the company, and growth opportunity. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global Vascular Patches Market Research and Analysis by Application
2. Global Vascular Patches Market Research and Analysis by Materials

The Report Covers:

• Comprehensive research methodology of the global vascular patches market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global vascular patches market.
• Insights about market determinants which are stimulating the global vascular patches market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.