Vascular Graft Market Scenario 2019
Market Research Future (MRFR) has published a research report about the global vascular graft market that figures a decent hike for this market at 7.6% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 4.14 bn by the end of forecast period.
Latest Industry News
- L. Gore & Associates, Inc. (Gore) has developed a flexible self-expanding stent to treat peripheral arterial disease (PAD) in the superficial femoral artery (SFA) and proximal popliteal artery (PPA). It is called The GORE® TIGRIS® Vascular Stent. This stent has been demonstrated as a safe and effective device that can be incorporated into a modern “leave-nothing-behind” treatment algorithm. 24 JAN 2019
- Cardiovascular Systems, Inc. (CSI®), a medical device company that develops and commercializes innovative interventional treatment systems for patients with peripheral and coronary artery disease, has successfully treated first patients in the UAE with its Diamondback 360® Coronary Orbital Atherectomy System (OAS). 16 JAN 2019
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Vascular grafts are believed to be one of the most eminent prosthetics used in cardiovascular and vascular surgeries due to their ability to improve vascular access.
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.
Based on raw material, the global vascular graft market has been segmented into polyester grafts, EPTFE grafts, polyurethane grafts, and biosynthetic grafts. While polyester grafts hold the major market share among all the segments, biosynthetic graft is considered to be the fastest growing segment.
Based on indication, the global vascular graft market has been segmented into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. Endovascular aneurysm repair is considered to be the major segment among all the segments. The peripheral vascular repair segment is expected to be the fastest growing segment.
Notable players of global vascular graft market comprise
Cardinal Health (US),
Gore Medical (US),
R. Bard (US),
LeMaitre Vascular (US),
Braun Melsugen AG (Germany),
and Cook Medical (US).
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Global Market Regional Insights
The regional segmentation of the global vascular graft market can segment the global market into regional markets namely The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA). During the forecast period, the Americas segment is expected to retain its dominant share in the global market because North America alone can hold this share anyways. Due to technology, North America is a bigger market than South America. In North America, the market is growing due government support for R&D, the availability of advanced medical facilities, the presence of many key market players, the presence of reimbursement coverage, and high prevalence of cardiovascular ailments, diabetes, and chronic kidney diseases. In North America, the vital country-specific markets are USA and Canada. In South America, Argentina and Brazil are two strong economies that can be suitable markets in the future.
Europe is a crucial regional market due to the well-established healthcare sector. In this region, the market is growing due to various governments funding the R&D, presence of many key market players, and the availability of advanced medical facilities that are second only to North America. In Europe, due to reasons same as The Americas, Western Europe is a bigger market than Eastern Europe. The country-specific markets France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Western Europe as well as Eastern Europe.
During the forecast period, the Asia Pacific region has been figured to emerge as the fastest growing regional market. Key factors supporting the market growth in this region include the growing prevalence of cardiovascular ailments and diabetes. Other factors supporting the market growth include improving healthcare infrastructure, epidemiological transition causing premature death, and lastly, the growing demand for the minimally invasive grafting procedures. The vital country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the remaining countries of the Asia Pacific region.
The MEA region is the smallest regional market. In this region, the market is small and limited due to poor countries, lack of awareness, lack of advanced medical facilities, low standard of medical facilities, lack of education, lack of healthcare facilities, and most governments not considering healthcare a priority.
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