- The increasing incidence of cardiovascular disease and chronic kidney disease among the expanding geriatric population underscores the growth
- Characteristic of the non-invasive surgical procedure, the endovascular endoprosthesis represented the greatest participation in 2021
WILMINGTON, Del.🇧🇷 November 25, 2022 /PRNewswire/ — The market size of vascular grafts is estimated to increase at a CAGR of 5.6% between 2022 and 2031. The increasing use of technologically advanced vascular graft products can be attributed to the growing group of geriatric individuals, who are more susceptible to cardiovascular disease. In addition, other key market drivers include the increasing prevalence of various lifestyle-related diseases and the increase in healthcare spending across the world. Furthermore, improvement in medical care and technological advances in healthcare facilities in both developed and developing economies are also helping in the development of the market.
Vascular Grafts Market – Key Takeaways from the Report
- Increasing prevalence of cardiovascular and lifestyle-related disorders: The increase in the incidence of different types of lifestyle-related diseases, including high blood pressure or hypertension, obesity and diabetes, is creating a growing demand in the market. These conditions are caused by unhealthy lifestyles, eating habits and lack of exercise. Thus, the increase in the incidence of lifestyle-related disorders such as hypertension, one of the most common lifestyle-related diseases in many developed economies, creates an increasing need for hospitalization. This trend leads to growth in demand for advanced products in the vascular graft market.
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Vascular Grafts Market – Growth Factors
- Increased incidence of cardiovascular disorders drives demand for CABG products
- Growing demand for effective, non-invasive surgical procedures drives market growth
- The increase in the number of lifestyle-related diseases increases demand in the vascular graft market
Vascular Grafts Market – Major Players
The competitive landscape of the market is of a consolidated nature. This can be attributed to the presence of a relatively smaller number of leading players operating in the market. Some of the major vascular graft companies operating in the global market include Becton, Dickinson and Company, Cryolife, Inc., Heart Medical, LeMaitre Vascular, Inc., Vascular Graft Solutions, B. Braun SE, Cook Medical, Inc., WL Gore & Associates, Inc., Gentinge AB, Junken Medical Co., Ltd. and Medtronic. The leading vascular graft manufacturers in the market are focused on adopting various strategies such as mergers and acquisitions and product portfolio expansion to gain a competitive advantage over their competitors.
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Vascular Grafts Market: Regional Growth Assessment
In 2021, the North America region represented the largest market share of vascular grafts. Inside North America🇧🇷 the United States emerged as the leading country. growing demand for the United States can be attributed to the increase in the prevalence of heart disease and the growth in the number of patients in the country. For example, a study by the US Centers for Disease Control and Prevention states that approximately one individual dies from cardiovascular disease every 34 seconds in the United States. He also states that one in five deaths in the United States It is caused by cardiovascular disease. In addition, increasing developments in clinical trials conducted in the United States is also positively influencing the growth of the North America Marketplace.
On the other hand, Asia Pacific it is expected to show faster growth in the vascular graft market in the coming years. growing demand for Asia Pacific can be attributed to the increase in the number of deaths caused by cardiovascular diseases (CVD) in countries such as Indonesia🇧🇷 China🇧🇷 Russiaand India🇧🇷 China dominated demand within the Asia Pacific market, due to the high number of deaths caused by CVD. Furthermore, the development of Asia Pacific It is estimated that the market will also be driven by the growing number of campaigns and programs aimed at publicizing vascular graft procedures. This trend is creating a growing demand for products from surgeons in the region.
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Vascular grafts market: segmentation
Vascular Grafts Market, by Product
- Endovascular Graft
- Peripheral Vascular Graft
- Access graft for hemodialysis
- bypass graft
Vascular Grafts Market, by Source
- Polytetrafluethylene (PTFE)
- Polyurethane (PU)
- bovine vein
- saphenous vein
- Ovine Collagen with Polyester
Vascular Graft Market by Vascular Graft Size
- Large Vascular Graft
- Small Size Vascular Graft
Vascular Grafts Market, by Application
- Coronary Artery Bypass
- Vascular Occlusion
- Critical Limb Ischemia
- Renal insufficiency
Vascular Grafts Market by End User
- Ambulatory Surgery Centers
- Cardiac Catheterization Laboratories
- Specialized clinics
Vascular Grafts Market by Region
- North America
- Latin America
- Asia Pacific
- middle East 🇧🇷 Africa
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