A research study titled, “Vascular Graft Market by Product, Application, and Raw Material
- Global Industry Analysis and Forecast to 2025” published by Crystal Market
Research, states that the vascular graft market is projected to be around $4.2
billion by 2025.
Vascular
grafts are prosthetic implants that are used to replace, repair or bypass
sections of blood vessels. As the need for coronary vascularization is
increasing worldwide, different strategies have been investigated for blood
restoration to the heart. Vascular grafts are being evaluated for the bypass
surgery of the atherosclerotic coronary arteries. Cardiovascular diseases
(CVDs) such as atherosclerosis can be treated by implantation of vascular
grafts with the help of coronary artery bypass surgery. CVD is a class of
diseases which affects heart or blood vessels. CVDs include stroke, heart
failure, congenital heart disease, angina, arrhythmia and myocardial
infarction. The risk factors for CVDs are high blood pressure, obesity,
unhealthy diet, physical inactivity, tobacco consumption, drinking excess
alcohol, smoking, aging, high blood cholesterol, stress, and depression. CVDs
are characterized by chest pain, tiredness, increasing heartbeat, excessive
sweating and difficulty in breathing. According to a study conducted by
American Heart Association in 2017, around 92.1 million American adults have
some or the other type of CVD. The study further states that the estimated
number of annual new heart attacks in U.S. is 580,000 with 210,000 incidences
of recurrent attacks. Suchhigh prevalence of CVDs will drive the global market
during forecast period.
Browse full research report with TOC on “Vascular Graft
Market by Product, Application, and Raw Material - Global Industry Analysis and
Forecast to 2025” at: http://www.crystalmarketresearch.com/report/vascular-graft-market
Endovascular
stent grafts segment occupied the largest share of the overall market in 2016,
due to factors such as decrease in the level of physical activity, increase in
the consumption of junk food, tobacco and alcohol. Cardiovascular diseases
segmentaccounted for the largest share of the global market in 2016,owing
toincrease in the pervasiveness of hypertension and increase in risk factors
such as high blood sugar and other age related disorders. Polyester based
grafts segment accounted for the major share of the overall market in 2016, due
to factors such as excessive tensile strength, raw material availability and
durability. Biological materials segment is expected to witness fastest growth
during forecast period owing to high adoption rate among users and increase
demand for more biocompatible vascular grafts.
U.S.
occupied the largest share of the North America vascular graft market in 2016,
due to factors such as increase in the healthcare expenditure, advancement in
healthcare facilities and high prevalence of cardiovascular disorders.
Furthermore, increasing adoption of technological advanced products will drive
the U.S. market during forecast period. Emerging markets such as China and
India arepoised to witness favorable growth during the forecast period due to
factors such as rise in geriatric population andcontinuous improvement in
healthcare infrastructure. Furthermore, government initiatives in India such as
“Make in India” encourages many players to set up manufacturing plants in
thecountry, which is set to stimulate the market growth during forecast period.
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Product
development is the major strategy adopted by the key players to sustain the
market competition. For instance, in December 2016, Medtronic obtained CE Mark
for its Endurant II/IIs stent graft system for treating abdominal aortic
aneurysm patients.
Some of
the key players in vascular graft market are W.L. Gore & Associates, Inc.,
Terumo Medical Corporation, B. Braun Melsungen AG, Vascutek Ltd, Medtronic
Plc., ARTEGRAFT, LeMaitre Vascular Inc., Heart Medical Europe BV, Bard
Peripheral Vascular Inc. and Cook Medical Group.
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this report at: http://www.crystalmarketresearch.com/send-an-enquiry/HC0634
Key Findings of the Research
Study:
·
Endovascular
stent grafts segment accounted for three-fourth share of the global market in
2016, owing to their wide adoption in treating aortic disorders caused due to
diabetes and cardiovascular devices.
·
Hemodialysis
segment is expected to witness high growth during forecast period owing to
increasing prevalence of diabetic people suffering from kidney related
disorders.
·
Cardiovascular
diseases segment accounted for one-fourth share of the global market in 2016
owing to rise in incidences of hypertension, aneurysm, and other age-related
disorders.
·
Polyester
based vascular graft segment held over one-third market share in 2016. High
durability and tensile strength and easy availability of these grafts will
further contribute to the growth of this segment.
·
North
America accounted for almost half of the market share in 2016, owing to
presence of large elderly population suffering from cardiovascular and other
disorders.
·
Asia-Pacific
is expected to grow at fastest CAGR owing to rise in disposable income of
people and increase in demand for better healthcare infrastructure.
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Vascular Graft Market
Segmentation:
By Product:
- Hemodialysis Access Graft
- Peripheral Vascular Graft
- Endovascular Stent Graft
- Coronary Artery By-pass Graft
By Application:
- Cardiovascular Diseases
o Coronary Artery Disease
o Hypertension
o Cardiac Stroke
o Cardiac Aneurysm
- Kidney Failure
- Vascular Occlusion
- Aneurysm
By Raw Material:
- Polytetrafluoroethylene based Vascular Graft
- Polyester based Vascular Graft
- Polyurethane based Vascular Graft
- Biological Materials based Vascular Graft
o Human Saphenous and Umbilical Veins
o Tissue Engineered Materials
By Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others
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About Crystal
Market Research
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research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized
research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including
healthcare, chemicals & materials, technology, automotive, and energy.
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