The surging prevalence of cardiac diseases is likely to favor the market
growth during the appraisal period. Vascular grafts are regarded as one of the
most prominent prosthetics which are extensively used in vascular and
cardiovascular surgeries due to their ability to improve vascular access.
According to market research future, the Vascular
Graft Market would increase USD 5.95 billion at a
CAGR of 7.15% between 2022 and 2030.
They are required to replace injured veins, blood vessels, and arteries
and also substitute hard valves and vessels. Vascular grafts are introduced
with the help of surgical reconstruction process. The grafts can be synthetic,
semi-synthetic, or can be directly taken from the patients; body.
Major Key
Players:
The vascular graft market players are Gore Medical (US), Cardinal Health (US), C. R. Bard (US),
Terumo (Japan), LeMaitre Vascular (US), Medtronic (Ireland), Endologix (US), B.
Braun Melsugen AG (Germany), Cook Medical (US), and Maquet (Germany).
Segment Analysis
The global vascular graft market has been segmented
on the basis of indication, raw material, and end-user.
By mode of raw material, the global vascular graft
market has been segmented into EPTFE grafts, polyester grafts, biosynthetic
grafts, and polyurethane grafts, synthetic vascular grafts. Among these, the
polyester grafts segment is considered to command the major share in the global
market. The growth can be ascribed to the surging demand for polyester material
based grafts due to its several benefits like porousness, high patency, and
long lifespan.
By mode of indication, the global vascular graft
market has been segmented into peripheral vascular repair, endovascular
aneurysm repair, and hemodialysis access.
Among these, the endovascular aneurysm repair segment is likely to
occupy the major share in the global market. The growth can be ascribed to the
increased demand for endovascular aneurysms repair procedures.
By mode of end-user, the global vascular graft market
has been segmented into ambulatory surgical centers and hospitals. Among these,
the hospitals segment is likely to command the major share owing to the
increased number of minimally invasive surgical processes in hospitals coupled
with the favorable reimbursement policies especially in the developed
economies.
Regional Analysis
Geographically, the vascular
graft market span across regions namely, Europe, America, Asia-Pacific, and the
Middle East & Africa.
Considering the global scenario,
the American region is likely to dominate the global market and is likely to
retain its pole position in the coming years. North America in this region is
the bigger market and is likely to expand its regional market owing to the
continuous support from the government for R&D activities. The presence of
top market players, high availability of advanced medical facilities, surging
incidences of cardiovascular diseases, chronic kidney disease, and diabetes,
and the presence of high reimbursement policies are likely to contribute to the
market growth in this region.
The European region occupies a
significant share in the global market owing to the presence of a
well-established healthcare sector. Governments in this region are highly
funding for R&D activities which is further supporting its growth.
Moreover, the presence of top market players, and the high availability of
advanced medical facilities has further encouraged the market’s growth in this
region.
The Asia Pacific region is likely
to emerge as the fastest expanding market owing to the increased prevalence of
diabetes and cardiovascular ailments. The improving healthcare infrastructure,
surging demand for minimally invasive grafting processes, and epidemiological
transition causing premature death are likely to encourage the market growth
during the appraisal period.
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