Global Vascular Graft Market Set for Rapid Growth, to reach Value around USD 3.48 Billion by 2023

16-Apr-2018 | Zion Market Research

Zion Market Research  has published a new report titled “Vascular Graft Market by Product (Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral vascular, Coronary artery bypass graft), by Raw Material (Polyester, Polytetrafluoroethylene (PTFE), Polyurethane, Biosynthetic) by End User (Hospitals, Ambulatory Surgery Center, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global vascular graft market was valued at approximately USD 2.31 billion in 2017 and is expected to generate revenue of around USD 3.48 billion by the end of 2023, growing at a CAGR of around 7.10% between 2017 and 2023.  

Growing demand for minimally invasive implants is anticipated to drive vascular graft market growth over the forecast period. Increased number of treatment failures for cardiovascular diseases, which includes organ transplantation failure, surgical reconstruction, and adverse results due to mechanical devices will further stimulate demand for minimally invasive vascular implants. Increasing demand from patients for technologically advanced novel products for vascular disease is expected to increase demand for vascular grafts. For instance, new technology devices are being introduced to meet clinical need for off-shelf small diameter vascular grafts with superlative properties of the autologous vessel. Such factors will drive industry growth over the forecast timeframe.  

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Browse the full "Vascular Graft Market by Product (Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular, Coronary artery bypass graft), by Raw Material (Polyester, Polytetrafluoroethylene (PTFE), Polyurethane, Biosynthetic) by End User (Hospitals, Ambulatory Surgery Center, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023 " report at   https://www.zionmarketresearch.com/report/vascular-graft-market

Global Vascular Graft Market

Increasing diabetes prevalence globally will increase demand for vascular grafts. For instance, As per International Diabetes Federation (IDF), the prevalence of diabetes is expected to increase from 366 million to 552 million between 2011 and 2030. Such exponential growth in diabetes prevalence is predicted to drive industry growth. Furthermore, rising incidences of mortality due to cardiac diseases will further drive vascular graft market size in the coming years. As per WHO data in 2012, cardiovascular diseases accounted for approximately 31% of the global mortality rate. 

The vascular graft market is segmented on the basis of product into hemodialysis access graft, endovascular stent graft, peripheral vascular and coronary artery by-pass graft. Endovascular stent graft segment held major revenue share in global vascular graft market throughout the forecast period. The growth is attributed due to rising acceptance of endovascular stent graft and increased popularity of minimally invasive surgical procedures. 

Based on the raw material the market is segmented into polyester, Polytetrafluoroethylene (PTFE), polyurethane and biosynthetic. Polyester is predicted to contribute for highest growth rate. The growth is attributed due to the increased adoption rate of polyester and benefits associated with polyester include high patency, superior lifespan, and high porosity of polyester grafts.

Hospitals, ambulatory surgery center, and others are the end-user segments of the global vascular graft market. The hospital segment held major revenue share in 2017. The major revenue for hospitals segment is attributed due to growing patient visits coupled with a large number of minimally invasive surgical procedures performed in hospitals.   

North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global vascular graft market. North America followed by Europe are anticipated to hold major revenue over the forecast period. The growth is attributed due to the presence of favorable reimbursement policies and well-established healthcare infrastructure. The Asia Pacific is expected to experience fastest growth rate, due to growing incidence rate of chronic diseases such as diabetes and cardiac diseases and improving healthcare infrastructure in the region.  

Some of the key players in vascular graft market include Artegraft, B. Braun Melsungen, C.R. Bard, Cook Medical, CryoLife, Heart Medical Europe BV, LeMaitre Vascular, MAQUET Holding, Medtronic, Shanghai Suokang Medical Implants, Vascular Grafts Solutions and others. Industry players are engaged in mergers & acquisitions and partnerships to retain their market share and diversify their product portfolio.  

This report segments the global vascular graft market as follows:

Global Vascular Graft Market: Product Segment Analysis

  • Hemodialysis Access Graft
  • Endovascular Stent Graft
  • Peripheral vascular
  • Coronary Artery Bypass Graft 

Global Vascular Graft Market: Raw Material Segment Analysis

  • Polyester
  • Polytetrafluoroethylene (PTFE)
  • Polyurethane
  • Biosynthetic  

Global Vascular Graft Market: End-User Segment Analysis

  • Hospitals
  • Ambulatory Surgery Center
  • Others  

Global Vascular Graft Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Browse New Press Release: https://www.zionmarketresearch.com/news/vascular-graft-industry

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