Global Vascular Patches Market – Analysis and Forecast To 2024 | LeMaitre Vascular, C. R. Bard, Terumo Corporation.

Patches are covering applied to protect a wound or sore. Vascular patches are elastic material ensures minimal suture hole, bleeding and compliance. The global vascular patches market is growing at significant rate, due to mounting occurrence vascular diseases and mounting acceptance of biological patches. Different materials contributed to the vascular patches market size. The market has witnessed high demand for biologic patches in the coming years due to benefits of biologic patches such as easiness of usage, and decreased rate of infection.

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Expanding geriatric population and mounting healthcare spending and refining healthcare infrastructure in developing economies are also facilitating the growth for the vascular patches market. For instance, according to World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older, and is expected to reach 1.5 billion in 2050.

Demand for trained professionals, reducing number of carotid endarterectomy surgeries and product failures and recalls are the major challenges for the growth of vascular patches market.

Globally, the high level of capital requirement for companies trying to enter the vascular patches market poses a major barrier for the entry of new players. Moreover, the stringent regulatory requirements are also posing barrier for the new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness fastest growth in the market, due to large pool of patients. In addition, expanding geriatric population, mounting alertness regarding advanced vascular products, refining healthcare infrastructure and mounting healthcare expenditure are also creating a positive impact on the vascular patches market growth in the region.

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LeMaitre Vascular, C. R. Bard, Terumo Corporation, Baxter International, Admedus, Edwards Lifesciences, Maquet, Edwards Lifesciences, W. L. Gore & Associates, Labcor, B.Braun, and Cryolife are the key players offering vascular patches.

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