Vascular surgeries are a new inter-disciplinary subject of medical science. Vascular surgeries also have the broad characteristics of other clinical disciplines, vascular surgeries are categorized in that a variety of artificial graft (stent grafts, stents, artificial blood vessels) are widely utilized in clinical disciplines. Most vascular surgical processes are clean procedures; however, the chance of infection is usually high, due to the application of artificial graft. Moreover, vascular surgery patients are often elderly, and are likely to have a combination of a variety of internal medicine diseases such as hypertension and heart disease, diabetes, weak body resistance, immune disease. Infectious vascular complications occurring after pancreas or kidney transplantation signify a risk to the receiver’s limb and life or to the transplanted organ. These critical conditions, sometimes, require vascular resection and complex vascular reconstruction. Factors such as increase in the prevalence of vascular diseases, rapid rise in geriatric population, increase in adoption of biological patches, and rise in number of vascular surgeries performed are driving the global vascular patches market
The global vascular patches market can be segmented based on application, material, end-user, and geography. Based on application, the global vascular patches market can be classified into carotid endarterectomy, vascular bypass surgery, open surgery of abdominal aortic aneurysms, and other applications. Other applications of vascular patches comprise open surgical repair of thrombotic vena cava occlusion, suture line buttressing, and arteriovenous (AV) fistula repair. Among the application segments, the carotid endarterectomy segment is expected to dominate the global market for vascular patches. Based on material, the global vascular patches market has been segmented into synthetic vascular patches and biologic vascular patches. The biologic vascular patches segment is anticipated to offer significant opportunities to key players operating in the market during the forecast period, primarily due to the rise in patient pool for the condition. Biologic vascular patches offer several benefits over synthetic vascular patches, in terms of reduced rates of infection, biocompatibility, and ease of use. Based on end-user, the global vascular patches market can be segregated into specialty clinics, hospitals, ambulatory surgical centers, and others
Based on geography, the global vascular patches market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Furthermore, the North America vascular patches market can be split into U.S., and Canada. The vascular patches market in Europe can be further bifurcated into U.K., Germany, France, Italy, Spain, and Rest of Europe. The Asia Pacific vascular patches market is further sub-segmented into Japan, India, China, Australia & New Zealand, and Rest of Asia Pacific. The vascular patches market in Latin America can be further split into Mexico, Brazil, and Rest of Latin America. The Middle East & Africa Vascular Patches market can be sub-segmented into Saudi Arabia, Israel, South Africa, and Rest of Middle East & Africa. North America dominated the global vascular patches due to factors such as Increase in incidence of target diseases, rise in per capita health care expenditure, shift in focus of governments toward providing better health care facilities, advanced technological innovations, and rise in medical tourism. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to factors such as increasing awareness regarding advanced vascular products and the presence of a large patient population.
Major players operating in the global vascular patches market include Labcor Laboratrios Ltda, LeMaitre Vascular, Inc., Terumo Corporation, Becton, Dickinson and Company, B. Braun Melsungen AG, MAQUET Holding B.V. & Co. KG, W. L. Gore & Associates, Inc., Admedus, CryoLife, Inc., Baxter, and Edwards Lifesciences Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.