Report Ocean has released a market research report on the Vascular Graft industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global vascular graft market size was US$ 5243.3 million in 2021. The global vascular graft market size is forecast to reach US$ 8,139.68 million by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.
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A vascular graft is a surgical procedure that reconnects blood vessels in order to redirect the flow of blood from one area of the body to another. The use of vascular grafts occurs in the treatment of vascular diseases. The vascular disease covers a range of conditions affecting the normal function of the blood circulation system, such as peripheral artery disease (PAD), abdominal aortic aneurysms (AAAs), carotid artery disease (CAD), arteriovenous malformations (AVMs), critical limb-threatening ischemia (CLTIs), deep vein thrombosis (DVTs), chronic venous insufficiency (CVI), and varicose.
Factors Influencing Market Growth
- A major factor driving the growth of the global vascular grafts market is the rise in vascular diseases, such as atherosclerosis, pulmonary embolism, deep vein thrombosis, and other cardiac diseases, and the rise in hospitals and surgery centers, which boost diagnosis and treatment of diseases.
- A surge in vascular disease devices and the launch of new products boost the global market growth.
- A product recall or product failure may slow down the global market growth during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic has negatively impacted the global vascular graft market growth. Hospitals have suspended or postponed elective procedures due to the growing strain of COVID-19 and the increasing focus on COVID-19-associated treatments, causing significant sales declines. Due to lockdown in several countries, the pandemic also affected supply chain operations, distribution channels, manufacturing, and other business activities of market players globally. Thus, negatively affecting the overall market growth.
A growing number of strategic initiatives, the development of novel products, and a path to restart elective vascular surgical procedures once the pandemic stabilizes are forecast to boost the market growth post-COVID-19.
Regional Insights
In 2021, North America held dominance in the vascular grafts market and generated the most revenue. Market drivers include increased awareness and improved health care facilities for cardiovascular treatment. Continual technological developments and the discovery of specific tissue-engineered products are driving the growth of biomaterials vascular grafts. Factors attributing to the regional market growth include better reimbursement policies, more advanced technological tools, and accurate diagnostic procedures with biometric tools. Furthermore, research on biomaterial graft development during the forecast period will likely increase the demand for these products.
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Leading Competitors
The leading prominent companies profiled in the global vascular graft market are:
- B. Braun Melsungen AG
- Becton, Dickinson, and Company
- Cook Medical, Incorporated
- Cordis
- Endologix Incorporated
- Getinge Group
- LeMaitre Vascular Incorporated
- Medtronic plc
- Terumo Medical Corporation
- W. L. Gore & Associates, Incorporated
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global vascular graft market segmentation focuses on Product, Raw Material, End-User, Region.
Segmentation based on Product
- Hemodialysis Access Graft
- Endovascular Aneurysm Repair Stent Grafts
- Abdominal Aortic Aneurysm (AAA)
- Thoracic Aortic Aneurysm (TAA)
- Peripheral Vascular Graft
Segmentation based on Raw Material
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyurethane
- Biosynthetic
Segmentation based on End-User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Vascular Graft Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Vascular Graft Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Vascular Graft Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Vascular Graft Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Vascular Graft Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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