Growth Established in Vascular Graft Industry 2019 New Developments, Global Market Share, Size leads to garner USD 4.14 billion to 2023

Vascular Graft Market figured to be worth US $ 4.14 bn by 2023 due to the increasing prevalence of cardiac ailments and Technological Advancements

Vascular Graft Market Outlook 2019

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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The key players in the global vascular graft market include B. Braun Melsugen AG (Germany), Cardinal Health (USA), C. R. Bard (USA), Cook Medical (USA), Endologix (USA), Gore Medical (USA), LeMaitre Vascular (USA), Maquet (Germany), Medtronic (Ireland), and Terumo (Japan).

Increasing prevalence of cardiac diseases, end-stage renal diseases, and growing prevalence of diabetes, coronary artery diseases, cardiac aneurysms, and hypertension are considered some of the major growth factors. Apart from such hereditary and genetic factors, alcohol consumption, unhealthy lifestyle, and tobacco smoking are presumed to trigger the demand for vascular graft market.

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Global Vascular Graft Market: Segmental Analysis

The Global Vascular Graft Market has been segmented on the basis of raw material, indication, end-user, and region.

By mode of raw material, the global vascular graft market has been segmented into polyester grafts, EPTFE grafts, polyurethane grafts, and biosynthetic grafts. Among these, polyester grafts hold the major market share as recent advancements in this segment have enabled its adoption rate. Also, advantages such as blood compatibility and longer lifespan are expected to foster the segment growth. The biosynthetic graft segment is considered to be the fastest growing segment.

By mode of indication, the global vascular graft market has been segmented into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. Among these, endovascular aneurysm repair is considered to be the major segment. The growth is attributed to the growing demand for minimally invasive surgical procedures. This segment also offers cost-effective treatment to their patients which further drives the segment. The peripheral vascular repair segment is presumed to be the fastest growing segment.

By mode of end-user, the global vascular graft market has been segmented into hospitals and ambulatory surgical centers. Among these, the hospitals segment is considered to hold the major segment owing to the growing number of minimally invasive surgical procedures in hospitals along with favorable reimbursement policies in developed countries. The ambulatory surgical centers are expected to be the fastest growing segment across the globe.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Vascular Graft Market, By Raw Raw Material

Chapter 7. Global Vascular Graft Market, By Indication

Chapter 8. Global Vascular Graft Market, By End User

Chapter 9. Global Vascular Graft Market, By Region

Chapter 10. Company Landscape

Chapter 11. Company Profiles

Chapter 12. MRFR Conclusion

Chapter 13. Appendix



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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

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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Vascular graft 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. With the ever-increasing geriatric population, changing lifestyle, and technological advancements, the market for vascular graft is considered to accelerate. For instance, technologically advanced devices are introduced in order to meet clinical need for off-shelf small diameter vascular grafts with high-quality properties of the autologous vessel.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Release ID: 483353