Vascular grafts are medical implants used to reroute blood away from damaged or diseased arteries. When a patient’s veins, arteries, or heart valves have been damaged, they need to be replaced, and vascular grafts are the most effective way to do so. During the surgical reconstruction process, a graft is used to redirect blood flow from one area to another. These grafts may be completely artificial, partially artificial, or harvested from the patient themselves.
Bypass grafting and other surgical procedures involving vascular grafts are commonly used to treat cardiovascular diseases. In order to avoid the patient’s damaged or diseased blood vessels, a graft is surgically removed from the patient and implanted at the destination site. The need for effective and life-sustaining treatment for chronic heart diseases is growing as a result of risk factors like smoking, atherosclerosis, high blood pressure, and diabetes. Patients with coronary artery disease, angina pectoris, a heart attack, atherosclerosis, diabetes, or multiple blockages in their heart’s arteries undergo bypass surgery.
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The global market for vascular grafts is projected to expand due to the increasing incidence of coronary artery disease
In 2016, the CDC estimated that 8.5 million Americans were living with peripheral arterial disease, costing the country an estimated US$ 21 billion in annual healthcare expenditures. The market for vascular grafts market worldwide stands to gain from the rising demand for bypass surgeries.
Coronary artery disease risk factors include advanced age. According to the American Heart Association, in 2015 there were approximately 44 million Americans aged 60 and up who were dealing with coronary artery disease (AHA). The AHA estimates that in 2017, approximately 92 million American adults were afflicted with cardiovascular diseases, which is anticipated to drive market growth of the global vascular grafts.
Changes in lifestyle that cause chronic cardiovascular diseases are expected to increase the demand for coronary bypass surgery in England, where the NHS reports that approximately 20,000 procedures are performed annually.
Market growth for bypass surgeries and vascular grafts is expected to be bolstered by factors such as an ageing population, rising rates of diabetes that can cause heart disease, and poor dietary and exercise habits. Bypass surgery risks, such as blood loss, irregular heartbeats, and stroke, are limiting the market’s growth.
Global Vascular Grafts Market Taxonomy
The market for vascular grafts is expanding thanks to developments in graft materials and surgical techniques like off-pump CABG surgery. According to product, application, material, end user, and geography, the global vascular grafts market can be broken down into manageable chunks.
Based on the product type, the market for vascular grafts worldwide is segmented into:
- Endovascular Stent Graft
- Bypass Graft
- Hemodialysis Access Graft
- Peripheral Vascular Graft
- Others
Based on the application, the market for vascular grafts worldwide is segmented into:
- Coronary Artery Disease
- Renal Failure
- Aneurysm
- Vascular Occlusion
- Others
Based on the material, the market for vascular grafts worldwide is segmented into:
- Synthetic
- Teflon
- Dacron
- Nylon
- Others
- Biological
- Saphenous Vein
- Bovine Vein
- Others
- Biosynthetic
- Ovine Collagen with Polyester
- Others
Based on the end user, the market for vascular grafts worldwide is segmented into:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
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Coherent Market Insights divides the global market for vascular grafts into the regions of North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to factors such as the region’s large and growing geriatric population, which is at high risk of cardiovascular disease, the region of North America is predicted to maintain its market dominance. This is because of the region’s rising incidence of lifestyle diseases, particularly cardiovascular disease; the regions highly trained medical professionals; and the region’s extensive health insurance coverage. Because of factors like better healthcare infrastructure, more public knowledge about cardiovascular disease, and rising diabetes prevalence, the Asia-Pacific region is predicted to lead the market in the predicted period. Due to factors like a large customer base, increasing awareness through government programs like World Heart Day, and an increasing life expectancy, the vascular grafts market is anticipated to show the highest growth rate in India. Nearly 30 million Indians were afflicted with cardiovascular disease in 2015, and that number is only expected to rise over the next few years.
Medtronic Plc, Vascutek Ltd, W.L. Gore & Associates, Inc., B. Braun Melsungen AG, Terumo Medical Corporation, Artegraft, Bard Peripheral Vascular Inc., LeMaitre Vascular Inc., and Heart Medical Europe BV are just some of the major players in the vascular grafts market.
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Market Overview
- Definition of Vascular Grafts Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Vascular Grafts Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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