Vascular Patches Market

Vascular Patches Market by Material (Biologic, Synthetic), Application (Carotid Endarterectomy, Open Repair of Abdominal Aortic Aneurysms, Vascular Bypass Surgery), Patient Care Setting (Hospitals, Ambulatory Surgical Centers) - Global Forecast to 2023

Report Code: MD 6363 Jun, 2018, by marketsandmarkets.com

[100 Pages Report] The vascular patches market is expected to reach USD 525.8 Million by 2023 from USD 322.5 Million in 2017 at a CAGR of 8.5%. The base year for this study is 2017 and the forecast period is 2018–2023.

The objectives of this study are as follows:

  • To define, describe, and forecast the market by material type, application type, end user, and region
  • To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To identify micromarkets and the drivers, opportunities, and trends affecting the growth of the market
  • To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
  • To track and analyze competitive developments such as collaborations, acquisitions, product launches, expansions, and R&D activities in the vascular patches market

Research Methodology

Top-down and bottom-up approaches were used to estimate and validate the size of the market and the size of various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by material, application, and end user) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.

Various secondary sources such as Society for Vascular Surgery, European Society for Vascular Surgery, Canadian Society for Vascular Surgery, Australian and New Zealand Society for Vascular Surgery, American Heart Association, National Institutes of Health (NIH), World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), and PubMed have been used to identify and collect information useful for this extensive commercial study of the market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the prospects of the vascular patches market. The breakdown of profiles of primaries is shown in the figure below:

Vascular Patches Market

To know about the assumptions considered for the study, download the pdf brochure

The major players in the market include Terumo Corporation (Japan), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (US), Maquet (Germany), W. L. Gore & Associates, Inc. (US), Admedus (Australia), CryoLife, Inc. (US), Labcor Laboratσrios Ltda (Brazil), Baxter International Inc. (US), and Edwards Lifesciences Corporation (US).

Target Audience for this Report:

  • Manufacturers and vendors of vascular patch products
  • Distributors of vascular patch products
  • Venture capitalists
  • Various research and consulting firms
  • Hospitals and clinics
  • Ambulatory surgical centers

Scope of the Report:

This report categorizes the vascular patches market into the following segments:

  • By Material
    • Biologic Vascular Patches
    • Synthetic Vascular Patches
  • By Application
    • Carotid Endarterectomy
    • Open Repair of Abdominal Aortic Aneurysms
    • Vascular Bypass Surgery
    • Other Applications
  • By End User
    • Hospitals & Clinics
    • Ambulatory Surgical Centers
  • By Region
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia Pacific
    • Rest of the World

Customization Options:

  • Company Information: Detailed company profiles of five or more market players
  • Opportunity Assessment: A detailed report underlining the various growth opportunities presented in the market

The global vascular patches market is expected to reach USD 525.8 Million by 2023 from USD 349.6 Million in 2018, at a CAGR of 8.5%. Growth in the market is mainly driven by the rapidly growing geriatric population and the subsequent increase in the prevalence of vascular diseases, the increasing number of vascular surgeries performed, and the increasing adoption of biological patches.

The global market is segmented into material, application, end user, and region. Based on application, the market is segmented into carotid endarterectomy, open repair of abdominal aortic aneurysms, vascular bypass surgery, and other applications. Other applications include arteriovenous (AV) fistula repair, suture line buttressing, and open surgical treatment of thrombotic vena cava occlusion. Of all these application segments, carotid endarterectomy accounted for the largest share of the market in 2017. The large share of this segment can be attributed to the high number of carotid endarterectomy procedures conducted across the globe.

Based on material, the market has been segmented into biologic vascular patch and synthetic vascular patch. The biologic vascular patch segment is expected to offer growth opportunities for market players during the forecast period, primarily due to the growing patient pool for the condition. These patches have a number of advantages over their synthetic counterparts in terms of biocompatibility, reduced rates of infection, and ease of use.

Based on end user, the vascular patches market has been segmented into hospitals & clinics and ambulatory surgical centers. In 2017, the hospitals & clinics segment accounted for the largest market share. The availability of infrastructure and the presence of skilled professionals in hospitals are the major driving factors for this segment.

Vascular Patches Market

The global vascular patches market is dominated by North America, followed by Europe. North America will continue to dominate the global market during the forecast period. However, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. Growth in this market is driven by the presence of a large patient population and increasing awareness regarding advanced vascular products.

The decreasing number of carotid endarterectomy surgeries and product failures and recalls are expected to limit market growth in the coming years.

Terumo Corporation (Japan), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), LeMaitre Vascular, Inc. (US), Maquet (Germany), W. L. Gore & Associates, Inc. (US), Admedus (Australia), CryoLife, Inc. (US), Labcor Laboratσrios Ltda (Brazil), Baxter International Inc. (US), and Edwards Lifesciences Corporation (US) have been identified as key players in this market. These companies have broad product portfolios with comprehensive features. These leaders also have products for all end users in this market, a strong geographical presence, and a focus on continuous product innovation.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Research Approach
    2.2 Research Data
           2.2.1 Secondary Sources
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Sources
                    2.2.2.1 Key Data From Primary Sources
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 20)

4 Premium Insights (Page No. - 23)
    4.1 Vascular Patches: Market Overview
    4.2 Asia Pacific: Market, By Application (2018)
    4.3 Market, By Material (2018–2023)
    4.4 Geographical Snapshot of the Market

5 Market Overview (Page No. - 26)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapidly Growing Geriatric Population and the Subsequent Increase in the Prevalence of Vascular Diseases
                    5.2.1.2 Increasing Number of Vascular Surgeries Performed
                    5.2.1.3 Increasing Adoption of Biological Patches
           5.2.2 Restraints
                    5.2.2.1 Decreasing Number of Carotid Endarterectomy Surgeries
                    5.2.2.2 Product Failures and Recalls
           5.2.3 Opportunities
                    5.2.3.1 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Need for Highly Skilled Professionals
           5.2.5 Trends
                    5.2.5.1 Product Launches and Approvals

6 Vascular Patches Market, By Material (Page No. - 30)
    6.1 Introduction
    6.2 Biologic Vascular Patches
    6.3 Synthetic Vascular Patches

7 Vascular Patches Market, By Application (Page No. - 34)
    7.1 Introduction
    7.2 Carotid Endarterectomy
    7.3 Open Repair of Abdominal Aortic Aneurysms
    7.4 Vascular Bypass Surgery
    7.5 Other Applications

8 Vascular Patches Market, By End User (Page No. - 39)
    8.1 Introduction
    8.2 Hospitals and Clinics
    8.3 Ambulatory Surgical Centers

9 Vascular Patches Market, By Region (Page No. - 43)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 France
           9.3.4 Italy
           9.3.5 RoE
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 RoAPAC
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 69)
     10.1 Overview
     10.2 Ranking of Key Players
     10.3 Competitive Scenario
             10.3.1 Expansions
             10.3.2 Product Launches and Approvals
             10.3.3 Agreements and Partnerships
             10.3.4 Investments

11 Company Profiles (Page No. - 73)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     11.1 Lemaitre Vascular
     11.2 Baxter International
     11.3 Maquet (Subsidiary of Getinge Ab)
     11.4 B.Braun
     11.5 W. L. Gore & Associates
     11.6 Admedus
     11.7 Cryolife
     11.8 C. R. Bard
     11.9 Edwards Lifesciences
     11.10 Labcor
     11.11 Terumo Corporation

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 93)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (65 Tables)

Table 1 Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 2 Biologic Market, By Region, 2016–2023 (USD Million)
Table 3 Synthetic Market, By Region, 2016–2023 (USD Million)
Table 4 Vascular Patches Market, By Application, 2016–2023 (USD Million)
Table 5 Market for Carotid Endarterectomy, By Region, 2016–2023 (USD Million)
Table 6 Market for Open Repair of Abdominal Aortic Aneurysm, By Region, 2016–2023 (USD Million)
Table 7 Market for Vascular Bypass Surgery, By Region, 2016–2023 (USD Million)
Table 8 Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 9 Market, By End User, 2016–2023 (USD Million)
Table 10 Market for Hospitals & Clinics, By Region, 2016–2023 (USD Million)
Table 11 Vascular Patches Market for Ambulatory Surgical Centers, By Region, 2016–2023 (USD Million)
Table 12 Market, By Region, 2016–2023 (USD Million)
Table 13 North America: Vascular Patches Market, By Country, 2016–2023 (USD Million)
Table 14 North America: Market, By Material, 2016–2023 (USD Million)
Table 15 North America: Market, By Application, 2016–2023 (USD Million)
Table 16 North America: Market, By End User, 2016–2023 (USD Million)
Table 17 US: Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 18 US: Market, By Application, 2016–2023 (USD Million)
Table 19 US: Market, By End User, 2016–2023 (USD Million)
Table 20 Canada: Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 21 Canada: Market, By Application, 2016–2023 (USD Million)
Table 22 Canada: Market, By End User, 2016–2023 (USD Million)
Table 23 Europe: Vascular Patches Market, By Country, 2015–2022 (USD Million)
Table 24 Europe: Market, By Material, 2016–2023 (USD Million)
Table 25 Europe: Market, By Application, 2016–2023 (USD Million)
Table 26 Europe: Market, By End User, 2016–2023 (USD Million)
Table 27 Germany: Market, By Material, 2016–2023 (USD Million)
Table 28 Germany: Market, By Application, 2016–2023 (USD Million)
Table 29 Germany: Market, By End User, 2016–2023 (USD Million)
Table 30 UK: Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 31 UK: Market, By Application, 2016–2023 (USD Million)
Table 32 UK: Market, By End User, 2016–2023 (USD Million)
Table 33 France: Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 34 France: Market, By Application, 2016–2023 (USD Million)
Table 35 France: Market, By End User, 2016–2023 (USD Million)
Table 36 Italy: Market, By Material, 2016–2023 (USD Million)
Table 37 Italy: Vascular Patches Market, By Application, 2016–2023 (USD Million)
Table 38 Italy: Market, By End User, 2016–2023 (USD Million)
Table 39 RoE: Market, By Material, 2016–2023 (USD Million)
Table 40 RoE: Vascular Patches Market, By Application, 2016–2023 (USD Million)
Table 41 RoE: Market, By End User, 2016–2023 (USD Million)
Table 42 APAC: Market, By Country, 2016–2023 (USD Million)
Table 43 APAC: Market, By Material, 2016–2023 (USD Million)
Table 44 APAC: Market, By Application, 2016–2023 (USD Million)
Table 45 APAC: Vascular Patches Market, By End User, 2016–2023 (USD Million)
Table 46 China: Market, By Material, 2016–2023 (USD Million)
Table 47 China: Market, By Application, 2016–2023 (USD Million)
Table 48 China: Market, By End User, 2016–2023 (USD Million)
Table 49 Japan: Market, By Material, 2016–2023 (USD Million)
Table 50 Japan: Market, By Application, 2016–2023 (USD Million)
Table 51 Japan: Vascular Patches Market, By End User, 2016–2023 (USD Million)
Table 52 India: Market, By Material, 2016–2023 (USD Million)
Table 53 India: Vascular Patches Market, By Application, 2016–2023 (USD Million)
Table 54 India: Market, By End User, 2016–2023 (USD Million)
Table 55 RoAPAC: Market, By Material, 2016–2023 (USD Million)
Table 56 RoAPAC: Market, By Application, 2016–2023 (USD Million)
Table 57 RoAPAC: Market, By End User, 2016–2023 (USD Million)
Table 58 RoW: Vascular Patches Market, By Material, 2016–2023 (USD Million)
Table 59 RoW: Market, By Application, 2016–2023 (USD Million)
Table 60 RoW: Market, By End User, 2016–2023 (USD Million)
Table 61 Ranking of Companies in the Global Vascular Patches Market (2017)
Table 62 Expansions, 2015–2018
Table 63 Product Launches and Approvals, 2015–2018
Table 64 Agreements and Partnerships, 2015–2018
Table 65 Investments, 2015–2018


List of Figures (31 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Vascular Patches Market, By Material, 2018 vs 2023 (USD Million)
Figure 7 Market, By Application, 2018 vs 2023 (USD Million)
Figure 8 Market, By End User, 2018 vs 2023 (USD Million)
Figure 9 Vascular Patches Market, By Region, 2018 vs 2023 (USD Million)
Figure 10 Emerging Markets to Offer A Wide Range of Growth Opportunities for Market Players
Figure 11 Carotid Endarterectomy to Dominate the Asia Pacific Market in 2018
Figure 12 Biologic Vascular Patches to Register the Highest Growth Rate During the Forecast Period
Figure 13 China & India to Witness the Highest Growth Rates in the Market During the Study Period
Figure 14 Vascular Patches Market: Drivers, Restraints, Opportunities, Challenges, & Trends
Figure 15 Global Geriatric Population (60 Years and Above), 2015 vs 2030
Figure 16 Biologic Vascular Patches to Dominate the Market During the Forecast Period
Figure 17 Carotid Endarterectomy, the Largest Application Segment in the Market in 2018
Figure 18 Hospitals and Clinics are Estimated to Be the Largest End Users of Vascular Patches in 2018
Figure 19 North America is Estimated to Dominate the Market in 2018
Figure 20 North America: Market Snapshot
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Expansions Were the Key Strategies Adopted By Players Between 2015 and 2018
Figure 23 Lemaitre Vascular: Company Snapshot (2017)
Figure 24 Baxter International: Company Snapshot (2017)
Figure 25 Getinge Ab: Company Snapshot (2017)
Figure 26 B. Braun: Company Snapshot (2017)
Figure 27 Admedus: Company Snapshot (2017)
Figure 28 Cryolife: Company Snapshot (2017)
Figure 29 C. R. Bard: Company Snapshot (2016)
Figure 30 Edwards Lifesciences: Company Snapshot (2017)
Figure 31 Terumo: Company Snapshot (2016)


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Report Code
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