Market Research Report
Vascular Injury Treatment Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||921951|
|Published||Content info||115 Pages
Delivery time: 2-3 business days
|Vascular Injury Treatment Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: January 1, 2020||Content info: 115 Pages||
The vascular injury treatment market studied is anticipated to grow with a CAGR of 6.3%, during the forecast period. The rising occurrences of vascular casualties are amongst the critical factors in the development of the worldwide market for vascular injury treatment. Less than 80 percent of cases of vascular injury is most commonly caused by penetrating trauma in the U.S. peripheral vascular injuries, which is due to increased use of endovascular interventions for medical and diagnostic purposes. Approximately 30% of vascular casualties are minimal-energy injuries (stab wounds and others) whereas high-energy injuries account for over 50% of vascular injuries. The rise in injuries owing to the increase in road casualties, sports injuries, wounds, and brutality further drives the market for the treatment of vascular injury. High school athletes alone account for 2 million incidents, 50,000 visits to the doctor, and 30,000 hospital admissions in the U.S. each year, as per the CDC (Centers for Disease Control and Prevention), which in turn, is further boosting the vascular injury treatment market.
Vascular surgery is the intervention of venous, lymphatic systems, and arterial (excluding coronary arteries and intracranial) conditions of diagnosed patients. Patients seeking vascular surgery suffer from several common vascular diseases, such as lymphatic conditions, varicose veins, intermittent claudication, thoracic outlet syndrome, hyperhidrosis, artery malformations, and others.
Bypass Graft segment is Expected to Hold the Largest Market Share in the Vascular Injury Treatment Market
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to maintain its supremacy in the overall vascular injury treatment market, throughout the forecast period. The increasing prevalence of vascular diseases is the major factor expected to drive the overall growth of the market, during the forecast period. Furthermore, there is a rise in geriatric population in the United States, which is expected to create more opportunities for the peripheral vascular treatment market in the region. According to the estimates of the Center for Diseases Control and Prevention (CDC), approximately 8.5 million people in the United States suffer from peripheral artery diseases, which includes 12%-20% of individuals older than age 60 are also some of the main factors ensuring the dominance of the region.
The vascular injury treatment market is highly competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making collaborations and offering new treatment options with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Cleveland Clinic, Massachusetts General Hospital, Heidelberg University Hospital, Royal Berkshire NHS Foundation Trust, and Mayo Clinic Health System.