The latest research study “Vascular Grafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global vascular grafts market size reached US$ 1.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.43 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027.
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Vascular grafts represent medical devices that are widely used in vascular bypass procedures to direct the blood flow from one area of the body to another by reconnecting the blood vessels. They are generally produced by using biosynthetic, polyurethane (PU), polyester, polytetrafluoroethylene (PTFE) materials, etc. Vascular grafts are extensively utilized to replace injured arteries, veins, blood vessels, and valves during organ transplantation or hemodialysis. In line with this, they aid in reducing blood leakage and allowing good cell invasion from the adventitia without affecting the endothelialization rate. Some of the common product types include hemodialysis access, endovascular stent, coronary artery, peripheral vascular, etc.
Vascular Grafts Market Trends and Drivers:
The growing incidences of chronic heart diseases and the escalating demand for minimally invasive (MI) procedures are primarily driving the vascular grafts market. Additionally, the widespread adoption of these devices in bypass surgeries to diagnose and treat heart attack, angina pectoris, heart artery blockages, and other cardiovascular diseases (CVDs) is further catalyzing the market growth. Besides this, the rising prevalence of high blood pressure and cholesterol levels, owing to the sedentary lifestyles of individuals, and the expanding geriatric population are acting as significant growth-inducing factors. Moreover, the increasing utilization of electro spun PU vascular grafts that minimize the risk of neointimal formation is positively influencing the global market. Apart from this, continuous technological advancements in next-generation tissue-engineered vascular grafts and extensive R&D activities are also stimulating the market growth. Furthermore, the development of three-dimensional (3D) printed polymeric product variants that are biodegradable and support neo-tissue formation is anticipated to fuel the vascular grafts market over the forecasted period.
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Vascular Grafts Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Abbott Laboratories
- B. Braun SE (B. Braun Holding GmbH & Co. KG)
- Dickinson and Company
- Cook Group Incorporated
- CryoLife Inc.
- Getinge AB
- Heat Medical Europe BV
- LeMaitre Vascular
- Medtronic plc
- Terumo Corporation
- W. L. Gore & Associates Inc.
The report has segmented the market on the basis of product, raw material, application and end user.
Breakup by Product:
- Endovascular Stent Grafts
- Hemodialysis Access Grafts
- Coronary Artery By-Pass Grafts
- Vascular Grafts for Aorta Disease
- Peripheral Vascular Grafts
Breakup by Raw Material:
- Polytetrafluoroethylene (PTFE)
Breakup by Application:
- Cardiac Aneurysm
- Kidney Failure
- Vascular Occlusion
- Coronary Artery Disease
Breakup by End User:
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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