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Global vascular grafts market projected to grow at a CAGR of 7.3% during the forecast period
The vascular grafts market is expected to reach USD 3.80 billion by 2022 from USD 2.67 billion in 2017, at a CAGR of 7.3%. The major factors driving the growth of this market are the high burden of abdominal aneurysms, increasing geriatric population, and increasing prevalence of smoking other risk factors that promote aneurysms.
The polyester segment is expected to grow at the highest growth rate during the forecast period
On the basis of raw material, the vascular grafts market is segmented into ePTFE grafts, polyester grafts, polyurethane grafts, and biosynthetic grafts. Polyester grafts are expected to grow at the highest CAGR during the forecast period. The high growth rate of the segment can be attributed to the fact that most newly launched vascular grafts are made of polyester and because the advantages it offers such as high patency, high porousness, and reduced postsurgery side effects.
The endovascular aneurysm repair segment is estimated to grow at the highest CAGR during the forecast period
On the basis of indication, the vascular grafts market is classified into endovascular aneurysm repair or EVAR, hemodialysis access, and peripheral vascular aneurysm. The endovascular aneurysm repair segment is estimated to grow at the highest CAGR during the analysis period. The growth of this segment is mainly driven by the rising adoption of endovascular aneurysm repair surgical procedures, increasing preference for minimally invasive surgical procedures over open surgeries, and growing geriatric population.
Asia Pacific is estimated to grow at the highest CAGR during the study period
Geographically, the vascular grafts market is dominated by North America, followed by Europe in 2017, however, Asia Pacific is estimated to grow at the fastest rate during the forecast period. Growth in the APAC region can be attributed to the rising prevalence of chronic kidney disease, healthcare reforms, government initiatives and investments, and rapid growth in geriatric population. Emerging markets in the region, such as Australia, Singapore, Japan, and China also offer numerous growth opportunities for players operating in the vascular grafts.
The primary interviews conducted for this report can be categorized as follows:
By Company Type Tier 1 60% and Tier 2 40%
By Designation C level 62%, Director level 21%, Others 17%
By Region North America 50%, Europe 20%, Asia 30%
The key players operating in this market are B. Braun Germany, C. R. Bard US, Cardinal Health US, Cook Medical US, Endologix US, LeMaitre Vascular US, Medtronic Ireland, Maquet Germany, Terumo Japan, and Gore Medical US.
The report analyses the vascular grafts market by indication, raw material, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. The company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. This report also includes market research data, current market size, and forecast of the future trends that will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output to remain successful in the market.
Key benefits of buying the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the belowmentioned five strategies for strengthening their market shares.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the vascular grafts market
Product Development/Innovation: Detailed insights on the upcoming technologies, RD activities, and product launches in the vascular grafts market.
Competitive Assessment: Indepth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the vascular grafts market.
Market Development: Comprehensive information about emerging markets. This report analyses the market for various vascular grafts products across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the vascular grafts market.
Original Article: Vascular Graft Market by Indication EVAR, Abdominal Aneurysm Repair, Thoracic Aneurysm, Peripheral Vascular Repair, Raw Material Polyester, ePTFE, Polyurethane, Biosynthetic, End Users Hospital, Ambulatory Surgery Center Global Forecast to 2022 [Report UNEXT ARTICLE
Vascular relates to blood vessels (Oxford Medical Dictionary) and can be used to describe the supply of blood, a disease affecting the blood vessels or molecules associated with these structures. For example, <!--LGfEGNT2Lhm-->atherosclerosis ...
Blood is a specialized bodily fluid that delivers necessary substances to the body's cells (in animals) – such as nutrients and oxygen – and transports waste products away from those same cells. In vertebrates, it is composed of blo...
Surgery is a technology consisting of a physical intervention on tissues. All forms of surgery are considered invasive procedures; so-called "noninvasive surgery" usually refers to an excision that does not penetrate the structure being exci...