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The vascular graft market is predicted to expand 7% year from 2023 to 2032, reaching USD 5.9 billion.
The arterial graft market expands and evolves due to several factors. Increasing vascular disease prevalence and vascular procedures are key factors. Vascular grafts are needed to correct blood flow and artery issues as the population ages and lifestyle choices cause peripheral artery disease and aneurysms. Synthetic and organic vascular grafts are essential for vascular procedures, driving market growth.
Changes in technology affect the arterial graft market. Continuous developments in graft materials, designs, and manufacturing procedures enable longer-lasting, better-performing, and body-compatible vascular grafts. Doctors can provide more precise diagnoses and assist surgeons pick and place vascular grafts using new imaging tools like CTA and MRA.
Vascular graft markets are heavily influenced by regulations. Makers must follow tight standards and receive regulator permissions to make these medical devices safe and effective. Legal compliance demonstrates vascular grafts function and fosters confidence among healthcare personnel and consumers, growing the market.
Economic issues like healthcare expenses and payment laws affect markets. Compensation policies determine how affordable contemporary artery grafts are for therapeutic usage. Economic issues impact patients' access to these grafts and healthcare professionals' usage of them. This is particularly true in healthcare settings where cost-effectiveness is crucial.
Vascular healthcare challenges and goals vary by region, affecting the market. diverse countries have diverse healthcare systems, medical professionals, and vascular disease rates. Different vascular grafts are needed depending on these characteristics. Manufacturers often adapt their strategies to local tastes and regulations.
Competition helps new ideas and market development in arterial grafts. Number of important companies, strategic collaborations, and market share effect product production and marketing. Healthy competition creates innovative graft materials, design characteristics, and biocompatibility, giving surgeons several vascular graft options.
Research and development improve vascular graft technology, changing the market. The market is competitive because individuals are continually improving graft performance, making new materials, and exploring novel patient treatments. Research-based vascular grafts satisfy patients' and physicians' evolving demands, improving arterial therapies.
Knowledge and education initiatives also boost industry development. Health care workers are more inclined to employ vascular grafts when they understand how they might enhance patient outcomes and the benefits of utilizing various grafts for different arterial disorders. Educational and public awareness activities assist build faith in vascular transplant safety and efficacy. Regular arterial treatments are simpler with them.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2023-2032 |
Vascular Graft Market Highlights:
Global Vascular Graft Market Overview
According to market research future, the Vascular Graft Market would increase USD 5.9 billion at a CAGR of 7% between 2023 and 2032. Vascular graft or vascular bypass is a surgical procedure that reroutes blood from one location of normal blood flow to another area of generally normal blood flow in order to bypass a damaged artery. Depending on the indication and the raw materials used to produce the graft, there are many vascular grafts available. Vascular grafts are utilized to provide hemodialysis access as well as to treat aneurysms, especially thoracic aneurysms, endovascularly.
The high incidence of abdominal aneurysms, the expanding geriatric population, and the rising prevalence of smoking and other aneurysm risk factors are the key drivers driving the growth of this market. These illnesses include atherosclerosis, pulmonary embolism, deep vein thrombosis, and other heart ailments, as well as a growth in the number of hospitals and surgery centers, which makes disease detection and treatment easier.
Vascular Graft Market Segment Insights
The global vascular graft market has been segmented on the basis of raw material, indication, end-user, and region.
Based on raw material, the global market of vascular graft has been segmented into polyester grafts, EPTFE grafts, polyurethane grafts, and biosynthetic grafts. While polyester grafts hold the major market share among all the segments, biosynthetic graft is considered to be the fastest growing segment.
Based on indication, the global market of vascular graft has been segmented into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. Endovascular aneurysm repair is considered to be the major segment among all the segments. The peripheral vascular repair segment is expected to be the fastest growing segment.
Based on end-user, the global market of vascular graft has been segmented into hospitals and ambulatory surgical centers. Among these, the hospitals hold the major segment and are anticipated to maintain its dominance during the review period. The ambulatory surgical centers are the fastest growing segment across the globe.
Vascular Graft Market Regional Insight
The global vascular graft market span across four major regions, namely Americas, Europe, Asia-Pacific, and Middle East & Africa.
America dominates the global vascular graft market and is anticipated to maintain its dominance over the assessment period. The growth is attributed to the high prevalence of cardiovascular diseases, diabetes, and chronic kidney diseases. With the availability of state-of-the-art healthcare infrastructure and presence of reimbursement coverage, the market is set to flourish. Asia Pacific is presumed to register the fastest market growth owing to the growing prevalence of diabetes and cardiovascular diseases in this region. Also improving healthcare infrastructure and epidemiological transition which has resulted in high rate of premature death is anticipated to trigger the demand for minimally invasive grafting procedures.
Key companies in the market of vascular graft include
- Cardinal Health (US)
- Gore Medical (US)
- Terumo (Japan)
- C. R. Bard (US)
- Medtronic (Ireland)
- LeMaitre Vascular (US)
- B. Braun Melsugen AG (Germany)
- Endologix (US)
- Maquet (Germany)
- Cook Medical (US)
Recent Development
In November 2023,
Terumo Announced the launch of the ENTHEON™ Neo Stent Graft System, a next-generation stent graft for the endovascular repair of abdominal aortic aneurysms (AAAs)
In December2023,
Medtronic Announced the launch of the Valiant® Monorail Stent Graft System, a next-generation stent graft for the treatment of complex aortic and iliac occlusive disease.
Cardinal Health Inc (Cardinal Health) is an integrated healthcare product and service provider. It sells branded and generic pharmaceuticals, specialty medications, over-the-counter healthcare, and consumer items, medical equipment, surgical instruments, and laboratory equipment. It also runs nuclear pharmacies and cyclotrons and develops its own private label medicinal and surgical items. Its expertise is divided into four categories: logistics, product, business, and patient solutions. The corporation has operations in the United States, Canada, Europe, etc. Cardinal Health is based in Dublin, Ohio, in the United States.
Vascular Graft Raw Material Outlook
- Polyester Grafts
- EPTFE Grafts
- Polyurethane Grafts
- Biosynthetic Grafts
Vascular Graft Indication Outlook
- Endovascular Aneurysm Repair
- Peripheral Vascular Repair
- Hemodialysis Access
Vascular Graft End User Outlook
- Hospitals
- Ambulatory Surgical Centers
Vascular Graft Region Outlook
- Americas
- Europe
- Asia Pacific
- Middle East & Africa
Research Methodology
Data analysts at Market Research Future ensure objective analysis of the market while preparing market research reports by engaging set of standards which allow a comprehensive view of the market and its several components. Several factors comprising economic growth, government expenditure, supply channels and distribution channels have been scrutinized effort to relay precise information. Also, market-size estimation and validation use top-down and bottom-up approaches in order to obtain data from the demand and supply side. Analysis of data have been performed by using research framework suited to the specific industry. The frameworks are developed by the MRFR team which serves as a research standard that provides tools to create dependable market reports.
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