Vascular Graft Market Research Report Information by Raw Material (Polyester Grafts, EPTFE Grafts, Polyurethane Grafts, Biosynthetic Grafts), Indication (Endovascular Aneurysm Repair, Peripheral Vascular Repair, Hemodialysis Access), End-user (Hospitals, Ambulatory Surgical Centers), and Region-Global Forecast till 2023
Vascular Graft Market Overview:
Global Vascular Graft Market is termed as a medical device which acts as an artificial blood vessel and is implanted in patients with blocked blood vessels. A vascular draft redirects the blood flow from one area to another area and helps to restore the normal blood flow within the body.
Global Vascular Graft Market was valued at USD 2.66 billion in 2017 and is anticipated to garner USD 4.14 billion by the end of 2023. The market across the globe is expected to register 7.6% CAGR during the forecast period (2017-2023).
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Notable Players of Vascular Graft Market Comprise
- Cardinal Health (US),
- Gore Medical (US),
- Terumo (Japan),
- R. Bard (US),
- Medtronic (Ireland),
- LeMaitre Vascular (US),
- Braun Melsugen AG (Germany),
- Endologix (US),
- Maquet (Germany),
- and Cook Medical (US).
Drivers and Constraints Impacting the Market
With the growing pervasiveness of aortic aneurysms and cardiovascular diseases along with chronic kidney diseases, the global vascular graft market is considered to flourish during the assessment period. The increasing number of cardiovascular diseases is also likely to boost the market growth in the coming years. Also, the growing prevalence of end-stage renal diseases, coronary artery diseases, diabetes, cardiac aneurysms, and hypertension are some of the other factors considered to influence the market growth. Besides ever-increasing geriatric population, technological advancements in this field are likely to stimulate the market growth. For instance, modern devices are introduced to meet the clinical needs for off-shelf small diameter vascular grafts with high-quality properties of the autologous vessel. This is expected to accelerate the market growth in the coming years.
On the flip side, high cost of cardiovascular surgeries and low reimbursement rate in the developing economies are presumed to restrict the market growth. Moreover, complications such as infection and graft rejection are expected to impede the market growth in the coming years.
Global Vascular Graft Market Segmentation Analysis
The global vascular graft market has been segmented on the basis of raw material, indication, end-user, and region.
Global Vascular Graft Market by Raw Material
- Polyester Grafts
- EPTFE Grafts
- Polyurethane Grafts
- Biosynthetic Grafts
Global Vascular Graft Market by Indication
- Endovascular Aneurysm Repair
- Peripheral Vascular Repair
- Hemodialysis Access
Global Vascular Graft Market by End User
- Hospitals
- Ambulatory Surgical Centers
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Global Market Regional Insights
Geographically, the vascular graft market span across regions namely, Americas, Europe, Asia-Pacific, and Middle East & Africa.
Among all the regions, the American region is estimated to dominate the global market for vascular graft owing to the high prevalence of cardiovascular diseases in this region. With the increasing incidences of chronic kidney diseases and diabetes, the market is presumed to bolster in the coming years. Moreover, with the availability of state-of-the-art healthcare infrastructure coupled with the presence of reimbursement coverage, the market is set to flourish.
The Asia Pacific region is anticipated to register the fastest market growth owing to the increasing incidences of diabetes and cardiovascular diseases in this region. Moreover, with the improving healthcare infrastructure and epidemiological transition which results in a high rate of premature death, the demand for minimally invasive grafting procedures is likely to trigger.
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