Global Vascular patches Market to reach USD 647.4 billion by 2025 | CAGR: 9.00%
Global Vascular patches Market is valued at USD 298.1 billion in 2016 is anticipated to grow USD 647.4 billion with the compounded annual growth of 9.00% over the forecast period 2017-2025.
New York 12 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Vascular patches industry is poised to raise USD 647.4 billion by 2025. S Key growth drivers of the market include increasing prevalence of congenital heart diseases such as ventricular septal defect, atrial septal defect, and common atrium. These devices are used applications such as tissue repair procedures which include vascular repair & reconstructions, dural repair, and soft tissue repairs. Furthermore increasing the prevalence of hernias such as an inguinal hernia, congenital diaphragmatic hernias, and others are expected to significantly boost the usage rates in the next seven years.
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Global Vascular patches Market Size study, by Application (Cardiac Repair, Vascular Repair, Pericardial Repair, Dural Repair, Soft Tissue Repair), by Raw Material (ePTFE, Biomaterial, Tissue Engineered Material) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Baxter, Admedus, st jude medical, Lemaitre vascular inc., biointegral surgical inc., and so on. Other market players discussed in the report include glycar SA pty Ltd., labcor, cryolife inc., neovasc, B.Braun.New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Increasing collaboration between various research organizations, raw material suppliers, and manufacturers.
- Development of novel technologies using tissue engineering materials, biological materials, are also expected to further propel the sales of these devices.
- Key players are heavily investing in product enhancements in order to attract new customers to the market.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Cardiac repair
- Vascular repair
- Pericardial repair
- Dural repair
- Soft tissue repair
By Raw material:
- Tissue-engineered material
- North America
- Asia Pacific
- Latin America
- Rest of the World