Bharat Book Bureau Provides the Trending Market Research Report on “Vascular Patches - Market Insights, Competitive Landscape and Market Forecast-2027” under the Life Sciences Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Vascular Patches Market By Material Type (Biologic Vascular Patches And Synthetic Vascular Patches), By Application Type (Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, And Other), By End-User (Hospital, Ambulatory Surgical Centers, And Other), by geography is expected to grow at a steady CAGR forecast till 2027 owing to rise in prevalence of cardiovascular diseases such as ischemic heart diseases and stroke due to unhealthy lifestyles and bad eating habits and increasing number of geriatric population prone to vascular disease
Global Vascular Patches Market is estimated to grow at a CAGR of 7.37% during the forecast period from 2022 to 2027. The increase in demand for vascular patches is primarily attributed to the increase in the prevalence of cardiovascular diseases due to genetic factor, age, obesity, and unhealthy and sedentary lifestyles, bad eating habits and increasing number of geriatric patients prone to vascular diseases, increasing use of vascular patches in surgeries, increased demand of minimally invasive surgeries (MIS), and technological advancements like vascular cell regeneration, cellular integration, and tissue remodeling across the world are anticipated to bolster the market, thereby contributing to the growth of the vascular patches market during the forecast period from 2022-2027.
Vascular Patches Market Dynamics:
The vascular patches market is witnessing a growth in product demand owing to various reasons. The increased prevalence of cardiovascular disease (CVDs) such as, ischemic heart disease and stroke worldwide due to various factors such as, age, obesity, unhealthy and sedentary lifestyles, consumption of tobacco and alcohol and poor diet, increasing number of geriatric patients prone to cardiovascular diseases, rising demand of minimally invasive surgeries, and various government initiatives across the world are anticipated to bolster the market.
According to World Health Organization (WHO) 2021, in 2019, globally an estimation of 17.9 million people died from CVDs, out of these deaths, 85% were due to heart attack and stroke. According to the same source, at least three-quarters of the world's deaths from CVDs occur in low- and middle-income countries. The mortality rate can be decreased by preventing the risk factors such as tobacco use, unhealthy diet and obesity, physical inactivity and harmful use of alcohol and also by treating the disorder. Cardiovascular disease are often treated by surgical procedures in which the physician usually uses vascular patches to ensure precise closures. The patches helps to reduce suture hole bleeding. As the prevalence of cardiovascular disease is increasing globally thereby owing to increase the number of cardiovascular surgeries, further propelling the market of vascular patches in the forecast period.
According to Pan American Health Organization (PAHO) 2021, the burden of cardiovascular diseases in the region of the Americas, 2000-2019, ischemic heart disease is responsible for 73.6 deaths per 100,000 population globally and stroke for 32.3 deaths per 100,000 population globally. As per the same source, ischemic heart disease and stroke are the two major underlying causes of CVD mortality and disability. The prevalence of ischemic heart disease and stroke is continuously rising owing to increase in the number of surgeries for its treatment and thus increasing the demand of vascular patches in the market.
Most cardiovascular diseases can be prevented by addressing behavioral risk factors such as tobacco use, unhealthy diet and obesity, physical inactivity and harmful use of alcohol. According to WHO 2021, tobacco kills up to half of its users. Tobacco kills more than 8 million people globally each year. More than 7 million of those deaths are the result of direct tobacco use while around 1.2 million are the result of non-smokers being exposed to second-hand smoke. Moreover, according to WHO 2020, every year, 1.9 million people die globally from tobacco-induced heart disease. Smoking tobacco raises triglycerides levels and lowers good cholesterol (HDL) levels. Smoking also makes blood sticky and more likely to clot, which can block blood flow to the heart and brain, damaging the cells that line the blood vessels. Moreover, tobacco increases the buildup of plaque (fat, cholesterol, calcium, and other substances) in blood vessels, causing thickening and narrowing of blood vessels. All these changes act as a risk factor for the occurrence of cardiovascular diseases. Thus, as the number of smokers are increasing worldwide, there might be an increase in the prevalence of cardiovascular disorders. Therefore, propelling the demand of vascular patches in the market.
Furthermore, according to World Obesity, it is estimated that 2.7 billion adults will be overweight, over 1 billion affected by obesity, and 177 million adults severely affected by obesity by 2025 globally. Obesity and increased adipose tissue will also influence the pathogenesis of atherosclerosis, increasing the risk of cardiovascular diseases. As the prevalence of obesity is increasing and this may increase the prevalence of cardiovascular ailments owing to an increase in demand of vascular patches in the market.
Australian government in 2019 launched, The Cardiovascular Health Mission that is a $220 million research fund that supports a large program of work to improve heart health and lead to a reduction of stroke patients in Australia. The program aimed to reduce hospitalization, develop clinical trials and new drug therapies, use the unique DNA of a patient to develop new therapies and also looked into why people follow unhealthy lifestyle or have a genetic cause for CVDs.
Moreover, the product launches in local market, in turn, drive the product demand in the market. For instance, in June 2021, Axio Biosolutions announced FDA 510(k) clearance of its hemostatic product Axiostat Patch, which helps to control the moderate to severe bleeding in vascular procedures.
Thus, due to the increasing prevalence of cardiovascular diseases globally and product launches, will pave the way to a rising demand for vascular patches, in turn increasing the vascular patches market growth.
However, product failure or recall, and the limited number of carotid endarterectomy surgeries may pose as a challenge to the vascular patches market growth.
The ongoing COVID-19 pandemic has majorly impacted the market for vascular patches as patients postponed hospital exposure and elective surgeries. Hospital admissions for patients suffering from cardiovascular disorders were not a priority in comparison to the patients suffering from coronavirus. Furthermore, surgeries were temporarily stopped during the pandemic. Most surgeons were doing urgent surgeries. Due to stringent lockdown rules production of some medical devices was shut down. However, patients recovering from coronavirus were at a greater risk of developing cardiovascular diseases. This increased the number of vascular surgeries ultimately increasing the demand of vascular patches amoung the patients, thereby increasing the demand of the device in the market. Moreover, with normalcy and with masses being vaccine, the market is picking up the momentum again as the number of surgeries are increasing again.
Vascular Patches Market Segment Analysis:
Vascular Patches Market by Material Type (Biologic Vascular Patches and Synthetic Vascular Patches), by Application Type (Carotid Endarterectomy, Aortic Aneurysms, Profundaplasty, and Other), by End-User (Hospital, Ambulatory Surgical Centers, and Other), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the Material Type segment of the vascular patches market, the biologic vascular patches are estimated to hold a significant share in the vascular patches market during the forecast period (2022-2027). This can be ascribed to the various advantages that are associated with the device.
The most important benefit of biologic vascular patch is that it offers high biocompatibility with the body. Biological grafts are derived from human, bovine, and porcine tissue that has been decellularized to leave a collagen matrix. Therefore, the biomaterials are mostly biocompatible with the body.
Moreover, the structure of bioactive material in the biologic vascular patch acts as a regenerative framework that supports remodeling and new collagen deposition.
The demand for biologic vascular patches is expected to increase during the forecasted period. This is owing to the various properties of the patch like cell migration and differentiation. The bioactive material in the biologic vascular patch serves as a substrate for cell migration and differentiation.
Additionally, biologic vascular patches are often degraded naturally in the body. Biomaterial of biologic vascular patches possess anti-microbial peptides (AMPs), which exposes molecular sites and signaling molecules that influence cell behaviors such as chemotaxis, adhesion, differentiation, and angiogenesis. Thus, the degradation of biologic vascular patch is easy and no toxicity is observed.
Furthermore, the biologic vascular patches reduces the risk of infection after the surgery. The synthetic materials can harbor bacteria and generally must be removed when infected whereas the biologic vascular patches are resistant to bacterial infection because the degradation products often show robust antibacterial activity.
Biologic vascular patches possess an inflammatory profile that promotes healing of the cuts. The inflammatory response signals fibroblasts resulting in new collagen deposition.
The tensile strength of most synthetic materials generally far exceeds the physiologic demand. However, excessive strength can lead to increased inflammation and loss of elasticity. This disadvantage is overpowered by the biological biomaterials used in biologic vascular patches.
Other factor like ideal porosity of biologic vascular patches and the knitted mesh will propel the market of vascular patch in the forecast period.
Moreover, the product launches, in turn, drive the product demand in the market. For instance, in February 2020, LeMaitre Vascular had announced 510(k) clearance for XenoSure Biologic Patch.
Thus, owing to the various advantages of biologic vascular patches as well as product launches, there will be an increase in the demand for biologic vascular patches, which in turn will drive the vascular patches market growth.
North America is expected to dominate the overall Vascular Patches Market:
Among all the regions, North America is expected to account for the significant share in the global vascular patches market. Rise in prevalence of cardiovascular diseases such as ischemic heart diseases and stroke due to unhealthy lifestyles and bad eating habits, increasing number of geriatric population prone to vascular disease and various government initiations will increase the demand for vascular patches in North America, leading to a rise in the overall vascular patches market growth.
For instance, as per the Centers for Disease Control and Prevention (CDC), Heart Disease Facts 2022, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. Coronary heart disease (CAD) is the most common type of heart disease, killing 360,900 people in 2019 in US, about which 18.2 million adults aged 20 and older have Coronary Artery Disease. As per the same source, in the United States, someone has a heart attack every 40 seconds and an estimation was done that every year, about 805,000 people in the United States have a heart attack. Above statistics concludes that the prevalence of CVDs like CAD and heart attack are increasing. This prevalence can be controlled by giving proper treatment and surgery. As the number of cardiovascular surgeries increases, the demand of vascular patches for the closures will increase, thereby bolstering the market of vascular patches in North America.
Furthermore, unhealthy life is contributing for an increase in the prevalence of cardiovascular disease. Adults who eat a healthy diet live longer, have a lower risk of obesity and of heart disease. Most Americans, however, do not follow a healthy lifestyle. As per Centres for Disease Control and Prevention, 2021, fewer than 1 in 10 adults and adolescents eat enough fruits and vegetables, and 9 in 10 Americans aged 20 years or older consume more than the recommended amount of sodium. High sodium consumption can raise blood pressure, and high blood pressure is a major risk factor for heart disease and stroke. CDC also concluded the relation between unhealthy lifestyle and obesity.
Moreover, according to CDC 2021, in the United States, in 2019-2020 an estimation of 19% of young people aged 2 to 19 years and 40% of adults were suffering from obesity, which can put them at the risk for heart disease. From the above data it can be concluded that unhealthy lifestyle and obesity is one of the major cause for causing the cardiovascular diseases. This will increase the prevalence of cardiovascular disease in the forecast period owing to an increase in the demand of vascular patches in the North America market.
Furthermore, in January 2022, Centers for Disease Control and Prevention (CDC) and the Centers for Medicare & Medicaid Services (CMS) started a national initiative Million Hearts. Million Hearts exists for the sole purpose of saving more of the lives taken and protecting more of the lives impacted by heart disease and stroke in the United States. The aim of the imitation is to optimize the possibility of preventing one million preventable CVD events in the next five years. They will work by decreasing the tobacco use, physical inactivity, and particle pollution exposure.
Thus, all the above-mentioned factors are anticipated to propel the market for vascular patches in the North America.
Vascular Patches Market Key Players:
Some of the key market players operating in the vascular patches market include B. Braun Melsungen AG, Baxter., Getinge AB, Terumo Corporation, Edwards Lifesciences Corporation., LeMaitre, W. L. Gore & Associates, Inc., CryoLife, Inc., Aziyo, Medtrade Products Ltd, Collagen Solutions Plc, FOC Medical S.A., Obex, Anteris, Medtronic, Labcor Laboratórios, BD., Johnson & Johnson Services, Inc., Neovasc Inc., Axio Biosolutions, among others.
Recent Developmental Activities in the Vascular Patches Market:
• In September 2021, Terumo Corporation announced the launch of global surgical graft study known as PANTHER, which is a prospective and retrospective study of a comprehensive range of knitted and woven surgical grafts and cardiovascular patches.
• In June 2021, Axio Biosolutions announced FDA 510(k) clearance of its hemostatic product Axiostat Patch, which helps control moderate to severe bleeding in vascular procedures.
• In October 2019, LeMaitre Vascular, Inc. announced that it has acquired the biologic patch business of Admedus Ltd for $15.5 million.
Key Takeaways from the Vascular Patches Market Report Study
● Market size analysis for current vascular patches market size (2021), and market forecast for 5 years (2022-2027)
● The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the vascular patches market.
● Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
● Key companies dominating the global vascular patches market.
● Various opportunities available for the other competitor in the vascular patches market space.
● What are the top performing segments in 2021? How these segments will perform in 2027.
● Which is the top-performing regions and countries in the current vascular patches market scenario?
● Which are the regions and countries where companies should have concentrated on opportunities for vascular patches market growth in the coming future?
Target Audience who can be benefited from this Vascular Patches Market Report Study
● Vascular patches products providers
● Research organizations and consulting companies
● Vascular patches-related organizations, associations, forums, and other alliances
● Government and corporate offices
● Start-up companies, venture capitalists, and private equity firms
● Distributors and Traders dealing in vascular patches
● Various End-users who want to know more about the vascular patches market and latest technological developments in the vascular patches market.
Frequently Asked Questions for Vascular Patches Market:
1. What are vascular patches?
Vascular patches, are the patches that are broadly used in blood vessel repair and reconstruction and when blood vessels are severely compromised in cardiovascular diseases, infection, and/or in transplantation. Patches are is characterized by an excellent biocompatibility and proven long-term mechanical stability.
2. What is the market for Global vascular patches?
Global vascular patches market is estimated to grow at a CAGR of 7.37% during the forecast period from 2022 to 2027.
3. What are the drivers for the Global vascular patches market?
The vascular patches market is witnessing a positive market growth owing to the increase prevalence of cardiovascular diseases due to genetic factor, age, obesity, and unhealthy and sedentary lifestyles, bad eating habits and increasing number of geriatric patients prone to vascular disease, increasing use of vascular patches in surgeries, increased demand of minimally invasive surgeries (MIS), and technological advancements like vascular cell regeneration, cellular integration, and tissue remodelling across the world are anticipated to bolster the market.
4. Who are the key players operating in the Global vascular patches market?
Some of the key market players operating in the vascular patches market include B. Braun Melsungen AG, Baxter., Getinge AB, Terumo Corporation, Edwards Lifesciences Corporation., LeMaitre, W. L. Gore & Associates, Inc., CryoLife, Inc., Aziyo, Medtrade Products Ltd, Collagen Solutions Plc, FOC Medical S.A., Obex, Anteris, Medtronic, Labcor Laboratórios, BD., Johnson & Johnson Services, Inc., Neovasc Inc, Axio Biosolutions, and, others.
5. Which region has the highest share in vascular patches market?
North America is expected to hold the highest share in the revenue in the Vascular patches market during the forecast period. Rise in prevalence of cardiovascular diseases such as ischemic heart diseases and stroke due to unhealthy lifestyles and bad eating habits and increasing number of geriatric population prone to vascular disease will increase the demand for vascular patches in North America, leading to a rise in the overall vascular patches market growth in this region.
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