Vascular Patches Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Vascular patches are used after the procedure of carotid endarterectomy. The patches ensure precise closures during the endarterectomy and vascular reconstruction process. Vascular patches are used for peripheral vascular reconstruction, surface line buttressing and other repairs. The patches are also used for femoral, renal and iliac endarterectomy procedures. vascular patches are made up of polyester urethane. The elastic material used in patches helps to reduce suture hole bleeding. Vascular patches possess excellent handling properties. The microporous structure in the patches helps proper incorporation of tissues. Patches produced from biological or synthetic material possess excellent biocompatibility and long -term mechanical stability.

The global vascular patches market is estimated to be valued at US$ 4,778.3 million in 2020 and is expected to exhibit a CAGR of 7.0% during the forecast period (2020-2027).

The demand for medical supplies is increasing in order to care for the sick population. Respiratory support equipment, such as an atomizer, a life-support machine, an oxygen generator, and a monitor, are among the most commonly utilised medical devices in primary clinical care. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as personal protective equipment such as masks, gloves, and protective eyeglasses. As the number of COVID-19 cases in the world rises, so does the demand for medical supplies among healthcare professionals and the general public for preventative measures. Manufacturers of these items have an opportunity to benefit on the rising demand for medical supplies in order to maintain an appropriate and consistent supply of personal protective equipment in the market. Given these considerations, COVID -19 is predicted to have a substantial impact on the Vascular Patches Market.

The coronavirus (COVID-19) pandemic and resulting lockdowns in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare is one such sector, which has been impacted significantly by the COVID-19 pandemic.