Vascular Patches Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Vascular Patches Market is segmented By Material (Biologic vascular patches, Synthetic vascular patches), By Application (Carotid endarterectomy, Abdominal aortic aneurysms, Vascular bypass surgery, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Vascular Patches Market Overview

Global Vascular System Market reached US$ 0.7 billion in 2022 and is expected to reach US$ 1.2 billion by 2031 growing with a CAGR of 7.6% during the forecast period 2024-2031.

Vascular patch is produced from polyester-urethane and is characterized by excellent biocompatibility and proven long-term mechanical stability. The elastic material ensures minimum suture hole bleeding and compliance which is unmatched by any other synthetic patch. The microporous structure allows good tissue incorporation. Vascular patch is blood tight and no need for pre-clotting or impregnation.

Furthermore, the prevalence of diseases like aneurysms, arterial stenosis, and unwanted blood clots drives the market size. Due to the rise in the number of the aging population, the market is increasing in the North American region with significant competitors like Terumo Corporation, C R Bard Inc, B Braun Melsungen AG, and others.

Vascular Patches Market Summary

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Vascular Patches Market Dynamics

Rise in the Prevalence of Vascular Diseases is Expanding the Global Vascular Patches Market

The increase in the incidence of vascular diseases is the major factor that is increasing the growth of the global vascular patches market. An increase in the prevalence of vascular diseases such as aneurysms, arterial stenosis, and unwanted blood clots has been increasing the market’s growth.

For instance, according to the Centers for Disease Control and Prevention (CDC), one person dies every 33 seconds in the United States from cardiovascular disease. About 695,000 people in the United States died from heart disease in 2021; that’s 1 in every five deaths. Thus increase in the incidence of vascular diseases drive the market’s growth.

An Increase in the Number of Aging People is Boosting the Global Vascular Market Growth

An increase in the number of elderly aging people is boosting the global vascular market growth. With aging, the elasticity of arteries, especially the aorta, decreases. This leads to arterial stiffness, which is, at least in part, the result of gradual fragmentation and loss of elastin fibers and accumulation of stiffer collagen fibers. The risk of hypertension and the range of various disorders are tightly linked to increased arterial stiffness.

For instance, in 2021, American Heart Association (AHA) report showed that an increase in age had increased CVDs, amounting to 45.7%. Cardiovascular diseases (CVDs) are the leading cause of death worldwide, accounting for 32% of all deaths worldwide, with an estimated 17.9 Billion lives each year. Thus, an increase in the aging population will drive the market growth.

Lack of Skilled Trainees Decline the Growth of the Global Vascular Market

It is mandatory to have a skilled professional to deal with the vascular patches because improper handling of vascular patches may lead to the excessive loss of blood, and the wound may not be healed. The market's expansion will be hampered with no proper skilled professionals. Thus, a lack of skilled professionals will decline the market growth.

Vascular Patches Market Segmentation Analysis

The global vascular patches market is segmented based on material type, application, and end user.

The Vascular Bypass Surgery Segment is Expected to hold a Leading Position in the Market over the Forecast Period with approximately 34.6% market share.

Coronary Artery Bypass Grafting(CABG) is a major surgical operation where atheromatous blockages in a patient’s coronary arteries are bypassed with harvested venous or arterial conduits. The bypass restores blood flow to the ischemic myocardium, which, in turn, restores function, viability and relieves anginal symptoms.

It diverts blood around narrowed or clogged parts of the major arteries to improve blood flow and oxygen supply to the heart. The increase in the number of above-mentioned conditions is increasing the rate of usage of patches which is influencing the growth of the global vascular bypass surgery segment market.

According to NIH, almost 400,000 CABG surgeries are performed each year, making it the most commonly performed major surgical procedure.CABG is an important major surgical procedure helping prevent major morbidity in a patient’s life by relieving anginal symptoms and improving quality of life. Appropriately selected patients receiving CABG have increased survival benefits compared to those receiving medical therapy or PCI alone. Thus, an increase in the number of CABG surgeries has increased the market growth.

Source: DataM Intelligence Analysis (2023)

Global Vascular Patches Market Geographical Share

North America Holds a Leading Position in the Global Vascular Patches Market with around 39.7% market share in 2022

North America holds a leading position in the global vascular patches market. In North America increase in the incidence of cardiovascular diseases and the increase in vascular surgeries have increased the intention to manufacture vascular patches to reduce heavy blood loss.

According to the Cleveland Clinic, vascular surgeons perform over 100,000 surgeries and procedures annually in the United States. Interventions to treat peripheral artery disease (PAD) are the most common. An increase in the incidence of vascular surgeries has increased the usage of vascular patches to heal and avoid blood loss.

Source: DataM Intelligence Analysis (2023)

Vascular Patches Market Key Players

The major global players in the market include Becton, Dickinson and Company, Terumo Corporation, C R Bard, Inc, B Braun MelsungenAG, LeMaitre Vascular, Inc, Admedus, CryoLife, Inc, Labcor Laboratórios Ltd, Baxter International IncScience among others.

COVID-19 Impact Analysis On Vascular Patches Market

Russia-Ukraine War Impact Analysis

The Russia-Ukraine is estimated to have a minimal impact on the global vascular patches market owing to the low prevalence and absence of key market players in this region. However, the impact of the import and export of raw materials, test product types, and devices is anticipated to have little influence over the global vascular patches market in the forecast period.

Key Developments

• In April 2023, LeMaitre agreed to distribute Aziyo porcine cardiac patches in the US. LeMaitre will distribute the products for three years with an option to acquire Aziyo’s worldwide patch business during the second and third years. The patches are designed to decrease inflammation and stimulate healthy tissue formation. Aziyo’s 2022 sales of patches in the US were $6.8 Billion. LeMaitre expects to generate a 50% gross margin on these sales.
• On 26 February 2020, Terumo launched New Surgical Sealant, AQUABRID, in EMEA Market. AQUABRID is a product optimized to stop bleeding during aortic surgical procedures. AQUABRID is now commercially available in the EU, and registrations for further countries in Eastern Europe, the Middle East, and Africa are ongoing.
• On 30 June 2021, Axio BioSolutions, an integrated wound care company, announced FDA 510(k) clearance of its hemostatic product, Axiostat Patch, that helps control moderate to severe bleeding in vascular procedures, surgical debridement sites, puncture sites, and more. Axiostat Hemostatic Patch is based on a protonated bioadhesive technology that provides a solid mechanical barrier to the injury site. It controls bleeding from puncture sites within minutes of application, providing a barrier to bacteria protection while reducing the ambulation time in patients significantly.

Why Purchase the Report?

• To visualize the global vascular patches market segmentation based on material type, application, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of diagnostic device market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available in Excel consisting of key product types of all the major players.

The global vascular patches market report would provide approximately 53 tables, 54 figures, and 195 Pages.