Vascular Patches Market, By Type (Biologic Vascular Patches, Synthetic Vascular Patches), By Application (Carotid Endarterectomy, Aortic Aneurysms, Others), By End User (Hospital and Clinics, Ambulatory Surgical Centers, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Oct 2023

Code : CMI4371

Pages :205

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Vascular Patches Market– Drivers

Increasing cardiovascular Diseases: The increasing prevalence of cardiovascular diseases globally is expected to propel market growth over the forecast period. For instance, according to the data published by the World Health Organization on May 15, 2023, every year, about 805,000 people in the U.S. have a heart attack.
Increasing older population: Increasing the older population globally and increasing the chances of a chronic disease like cardiovascular disease is expected to propel market growth over the forecast period. For instance, according to the data published by the World Health Organization in October 2022, in 2050, 80% of older people will be living in low- and middle-income countries. Moreover, in 2020, the number of people aged 60 years and older outnumbered children younger than 5 years.

Global Vascular Patches Market: Restraint

Product Recall: Increasing product recalls are expected to hinder market growth over the forecast period. For instance, Baxter International, a healthcare company headquartered in Illinois, U.S., recalled the Vascu-Guard peripheral vascular patch.