(EMAILWIRE.COM, September 02, 2018 ) 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.

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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.

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