Vascular Grafts Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Vascular Grafts Market: Based on the product (Endovascular Stent Graft, Peripheral Vascular Graft, Others), Based on Source (Synthetic, Biological), Based on Application (Vascular Occlusion, Renal Failure, Coronary Artery Disease and Others), Based on End User (Hospitals, Ambulatory Surgical Centers and Others) and Geography

 

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Report

Description

The global vascular grafts market size valued USD 1.92 billion in 2020 and expected to reach USD 2.86 billion by 2027, at a CAGR of 6.82% during the forecast period 2021-2027.  Vascular graft is a tube shaped synthetic material which is surgically implanted into the arteries or veins. These vascular grafts are used for vascular bypass operations or to create the vein access in hemodialysis patients. The size of the tube is depending upon the size of the vein or artery replaced. Global vascular grafts market is primarily driven by the increase in the prevalence of vascular diseases due to the lifestyle changes and food habit changes among the populace. In addition, prevalence of the end stage renal diseases, hypertension and cardiac arrhythmias expected to boost the market share furthermore. Moreover, increase in alcohol consumption, tobacco intake are leading to the chronic diseases and expected to increase the demand for the vascular grafts over the forecast period. However, the low reimbursement rates and high cost of the procedures are projected to hamper the growth of market over the coming years.

Vascular Grafts Market

MARKET SUMMARY
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6.82% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.82%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Vascular Grafts Market

  • The report on global vascular grafts market gives historical, current and future market sizes (US$ Bn) based on technology, application, distribution channel and region.
  • vascular grafts market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • R. Bard Inc.
  • Braun
  • Cook Medical
  • Cardinal Health
  • LeMaitre Vascular
  • Endologix
Vascular Grafts Market

Drivers And Restraints

Global vascular grafts market is expected to have significant growth rate owing to the increase in R&D in development of the new vascular grafts and expansion of applications. For instance, Medtronic has developed stent graft system Endurant II AAA to treat abdominal aortic aneurysm. Furthermore, market is very dynamic due to the presence of big and small regional market players. Companies are adopting the strategies such as mergers and acquisitions to expand the market share.


North-America got significant share

Vascular Grafts Market

Geographically, global vascular grafts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America vascular grafts market projected to have the significant growth rate over the forecast period due to the increase in the prevalence rates of diabetes, lifestyle changes and food habits. Furthermore, favorable reimbursement policies and well established healthcare infrastructure projected to drive the market in the region. Asia Pacific vascular grafts market expected to have the fastest growth rate owing to the increase in the incident rates of vascular diseases, diabetes and presence of high patient population. Europe vascular grafts market anticipated to have the notable growth rate over the forecast period owing to the increase in research and development in biomaterials and rise in incidence rate of the cardiovascular diseases and high acceptance of vascular grafts in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In April 2018, Terumo Aortic has launched thoracic stent graft system RelayPro to expand the treatment of endovascular aortic repair.
  • In January 2014, W.L. Gore & Associates Inc. has launched “Acuseal Vascular Graft” for vascular access.
Vascular Grafts Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Becton, Dickinson & Company (U.S.)
  • Medtronic (U.S.)
  • Revolutions Medical Corporation (U.S.)
  • Retractable Technologies, Inc. (U.S.)
  • Royal Imtech N.V. (Smiths Medical) (Netherlands
  • Terumo Corporation (Japan)
  • Unilife Corporation (U.S.)
  • Sol-Millennium Medical Group (China)
  • Ultimed, Inc. (U.S.)
  • Axel Bio Corporation (U.S.)

Description

The global vascular grafts market size valued USD 1.92 billion in 2020 and expected to reach USD 2.86 billion by 2027, at a CAGR of 6.82% during the forecast period 2021-2027.  Vascular graft is a tube shaped synthetic material which is surgically implanted into the arteries or veins. These vascular grafts are used for vascular bypass operations or to create the vein access in hemodialysis patients. The size of the tube is depending upon the size of the vein or artery replaced. Global vascular grafts market is primarily driven by the increase in the prevalence of vascular diseases due to the lifestyle changes and food habit changes among the populace. In addition, prevalence of the end stage renal diseases, hypertension and cardiac arrhythmias expected to boost the market share furthermore. Moreover, increase in alcohol consumption, tobacco intake are leading to the chronic diseases and expected to increase the demand for the vascular grafts over the forecast period. However, the low reimbursement rates and high cost of the procedures are projected to hamper the growth of market over the coming years.

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