Global Vascular Graft Market is expected to grow significantly in the forecast period owing to the increasing cases of vascular disorders. Vascular graft (vascular bypass) is a medical process to treat injured areas of veins, arteries or capillaries. Vascular graft is the flexible materials that are easily implanted with no irritation to adjacent tissues like blood.
The key drivers in vascular graft industry are increasing incidences of hypertension, high blood sugar, obesity, diabetes, and other blood-related disorders, growing geriatric population, change in lifestyle and advancements in the domain. Furthermore, increasing consumption of tobacco, alcohol and smoking that cause several disorders are fueling the market growth. However, high priced cardiovascular procedures in emerging economies hinder the market growth.
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Large number of population affected by peripheral artery disease and atherosclerosis increases the adoption of peripheral repair, which is one of the major trends witnessed in the market. However, potential growth and increasing awareness for vascular graft in developing regions is an opportunity in the market.
Vascular graft market is categorized on the basis of product type, raw material, source, application, end user, and geography. On the basis of product type, vascular graft industry is divided into hemodialysis access graft, bypass graft, endovascular stent graft and peripheral vascular graft. Endovascular stent graft is predicted to lead the market owing to the due to rise in demand for minimally invasive procedures.
On the basis of raw material, vascular graft market is divided into polyester grafts, ePTFE grafts, biosynthetic grafts and polyurethane grafts. Polyester grafts segment is expected to hold maximum share of the market owing to increasing developments in the domain.
On the basis of end user, vascular graft industry is bifurcated into specialty clinics, hospitals, cardiac catheterization laboratories, and ambulatory surgical centers. Hospital segment is expected to hold larger share of the market owing to the increasing of non-invasive surgeries and favorable reimbursement policies in developed economies.
Geographically, vascular graft market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to lead the market owing to the growth in healthcare expenditure and increasing R&D activities in the domain. Asia Pacific is also expected to lead the market owing to developing healthcare industry.
The prominent players in vascular graft industry include C. R. Bard, B. Braun, Cook Medical, Cardinal Health, Endologix, Medtronic, Maquet, Gore Medical, LeMaitre Vascular, and Terumo.
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Market Segment:
Vascular graft Product Outlook (Revenue, USD Million, 2012 - 2022)
• Hemodialysis access graft
• Endovascular stent graft
• Peripheral vascular graft
• Coronary artery by-pass graft
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