Global Vascular Graft Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Vascular graft is also termed as a vascular bypass is used to bypass, repair, or replace sections of blood vessels that may be a capillaries, arteries, or veins. It is performed mainly because of ischemia caused by atherosclerosis or for vascular access in hemodialysis.
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Growing demand for minimally invasive surgeries, growing geriatric populace, rising occurrence of end-stage renal disease, and growth in a consistent occurrence of aneurysms are documented as major factors of Vascular Graft Market that are estimated to enhance the growth in the years to come. Vascular Graft Market is segmented based on raw material, indication, end user, and region.
Biosynthetic Grafts, Polyester Grafts, Polyurethane Grafts, ePTFE, and other raw materials may be explored in Vascular Graft in the forecast period. Polyester grafts sector is estimated to continue its dominance in the coming years. This may be because of higher porosity and acceptance of polyester grafts among manufacturers.
Hemodialysis Access, Endovascular Aneurysm Repair (EVAR), and Peripheral Vascular are the indications that may be explored in Vascular Graft in the forecast period. Endovascular aneurysm repair sector may comprise thoracic aortic aneurysm repair and abdominal aortic aneurysm repair. The EVAR sector may account for the substantial market share of Vascular Graft and is estimated to lead the overall market in the coming years. This may be because of increasing geriatric population and acceptance of endovascular aneurysm repair surgical procedures.
The market may be categorized based on end users like ambulatory surgical centers, hospitals, and others that could be explored in the forecast period. The hospital sector may account for the significant market share of Vascular Graft and is estimated to continue its dominance in the coming years. Also, the sector is estimated to grow at highest CAGR in the coming years. This may be because of favorable reimbursement policy for vascular graft and growing number of minimally invasive surgical procedures.
Vascular Graft Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America may account for the substantial market share of Vascular Graft and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be rising research and development activities on vascular grafts, increasing government initiative, and growing healthcare expenditure.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Vascular Graft in this region.
The key players of Vascular Graft Market are Gore Medical, B. Braun, Terumo, C. R. Bard, Maquet, Cardinal Health, Medtronic, Cook Medical, LeMaitre Vascular, and Endologix. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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The report covers forecast and analysis for the vascular graft market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the vascular graft market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the vascular graft market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global vascular graft market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global vascular graft market.
Key Regions
– North America
– Europe
– Asia Pacific
– Middle East and Africa
– South America
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