The global vascular grafts market size is projected to reach at USD 3.30 billion by 2026 expanding at a CAGR of 6.4%, according to a report by Grand View Research, Inc. Endovascular stent grafts dominated the market in 2018 and is expected to be the second fastest-growing segment over the forecast period. Increasing prevalence of cardiovascular aneurysms is the leading cause of rise in demand for endovascular stent grafts. Low levels of physical activity, sedentary lifestyle, and substance abuse are some of the key factors leading to the high prevalence of renal and Cardiac Diseases (CVDs) globally. The impact of these factors is especially high in developed economies, such as North America and Europe. However, it is expected to shift towards emerging regions, such as Asia Pacific and Latin America, owing to changing demographics.
Key
factors attributed to higher impact in these countries are increasing
prevalence of aforementioned diseases in geriatric population, rising
disposable income, and changing lifestyle patterns. Polytetrafluoroethylene
(PTFE) raw material segment led the global market in 2018 with a revenue of USD
710.3 million. The segment is anticipated to expand at the fastest CAGR over
the forecast period on account of PTFE graft’s advantages, such as protection
against delamination and minimal blood loss. Asia Pacific is expected to be the
fastest-growing market with a CAGR of 7.5% over the forecast period due to
increasing public and private healthcare expenditure and availability of
healthcare insurance across urban and rural centers.
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Vascular Grafts
Market Report Highlights
- Endovascular stent grafts
led the market in 2018 as a result of increased prevalence of cardiac
aneurysms caused due to sedentary lifestyle and other occupational factors
- PTFE grafts led the raw
materials segment in 2018 owing to their advantages, such as minimal blood
loss and maximum protection against delamination
- Moreover, technological
advancements in PTFE-based products is anticipated to drive the segment
further
- North America was the
dominant regional market with a revenue of USD 620.9 million owing to high
prevalence of CVDs and kidney diseases
- The region is projected to
maintain the dominance in future due to the presence of advanced
healthcare facilities and reimbursement policies
- Some of the key companies in
this market include Medtronic, plc; LeMaitre Vascular Inc.; Terumo Corp.;
Getinge AB; W.L. Gore and Associates, Inc.; and Cook Medical, Inc.
- These companies focus on
technological innovations, new product launches, and regional expansion to
gain a competitive edge
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Vascular Grafts
Market Segmentation
Grand View Research has segmented
the global vascular grafts market on the basis of product, application, raw
material, and region:
Vascular Grafts
Product Outlook (Revenue, USD Million, 2014 - 2026)
- Hemodialysis Access
- Endovascular Stent
- Peripheral
Vascular Grafts
Application Outlook (Revenue, USD Million, 2014 - 2026)
- Cardiac Aneurysms
- Kidney Failure
- Vascular Occlusion
Vascular Grafts Raw
Material Outlook (Revenue, USD Million, 2014 - 2026)
- Polyester-based
- Polytetrafluoroethylene-based
- Polyurethane based
- Biological Materials-based
- Human Saphenous and
Umbilical Veins
- Tissue Engineered Materials
Vascular Grafts
Regional Outlook (Revenue, USD Million, 2014 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- France
- Italy
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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