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Vascular Graft Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-21 

Vascular Graft Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global vascular grafts market forecast will be significantly driven over the coming years by an inclining demand, with the growing number of cardiac surgeries and hemodialysis procedures. An increase in aging population and unhealthy lifestyles will result in higher number of cardiac surgical procedures leading to raised adoption of the vascular graft components. A rise in technological developments for innovations in vascular grafts will further contribute to industrial growth. For instance, Terumo, a global brand in medical devices, introduced RelayPro Thoracic Stent Graft System, an innovative design powered with dual sheath technology to cater to specific anatomical needs of patients.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2492

Reportedly, global vascular graft market size is anticipated to surpass USD 3.6 billion in yearly revenues by 2024.

Vascular graft industry share from the polyester segment collected major revenues and was projected at USD 1,457.3 million in annual valuation during 2017. Ease of availability and an extensive range of applications are some contributing factors towards this segment. Additionally, higher material compatibility and innovative advancement in optimization will drive the demand for the procedures.

JOTEC GmbH, a global medical solution provider, supplies various woven and knitted polyester vascular grafts for surgical treatment of aneurysms and occlusions. Some of them include FlowNit BIOSEAL, FlowWeave BIOSEAL, and FlowWeave PLUS, among others.

Based on application, a surging influence of minimally invasive therapies is likely to stimulate the product deployment in the endovascular aneurysm repair segment, pegged to achieve a CAGR of 7% through 2024. Endovascular aneurysm repair offers benefits of single session cardiovascular surgeries. It also minimizes overall therapy costs and reduces the time spent recovering in hospitals.

Vascular grafts industry share from demand in hospitals was valued at USD 1,535.7 million in 2017, owing to a steady hike in the number of people opting for cardiovascular surgeries and hemodialysis procedures at hospitals. Consistently increasing patient population and the launch of innovative surgical procedures will positively influence the industry trends.

Regionally, China in 2017 led the Asia Pacific vascular graft industry and contributed to over 48.1% of the annual revenues owing to a consistent prevalence of end-stage renal diseases and an augmented demand for hemodialysis. The growth can also be attributed towards unhealthy diets as well as the prevalence of obesity and hypertension associated with chronic diseases.

Expanding old age population in the United States will result in recurring cases of cardiovascular disorders. As per a U.S demographic research report, nearly 32% of the population in the region is aged more than 50 years. Technological advancements along with healthcare and reimbursement policies will also add impetus to regional product consumption.

Leading suppliers of vascular graft solutions are keen on acquisitions, mergers, and novel product launches for expanding their market position. For instance, Endologix collaborated with Japan Lifeline in September 2017, for production and supply of novel endovascular stent-grafts. This alliance also broadened the firm’s geographic reach and product portfolio.

Key participants in the industry are Terumo GmbH, Cook Medical, Endologix, Medtronic PLC, Becton Dickinson (C.R. Bard), B. Braun, W.L. Gore and Associates, Getinge AB, Cryolife (Jotec), and LeMaitre Vascular. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/vascular-graft-market

Partial Chapter of the Table of Content 

Chapter 4.  Vascular Graft Market, By Raw Material

4.1. Vascular graft market share by raw material, 2017 & 2024

4.2. Polyester graft

4.2.1.  Market size, by region, 2013 – 2024 (USD Million)

4.3. EPTFE graft

4.3.1.  Market size, by region, 2013 – 2024 (USD Million)

4.4. Polyurethane graft

4.4.1.  Market size, by region, 2013 – 2024 (USD Million)

4.5. Biosynthetic graft

4.5.1.  Market size, by region, 2013 – 2024 (USD Million)

Chapter 5.  Vascular Graft Market, By Application

5.1. Vascular graft market share by application, 2017 & 2024

5.2. Endovascular aneurysm repair

5.2.1.  Market size, by region, 2013 – 2024 (USD Million)

5.2.2.  Abdominal aortic aneurysm repair

5.2.2.1. Market size, by region, 2013 – 2024 (USD Million)

5.2.3.  Thoracic aortic aneurysm repair

5.2.3.1. Market size, by region, 2013 – 2024 (USD Million)

5.3. Peripheral vascular repair

5.3.1.  Market size, by region, 2013 – 2024 (USD Million)

5.4. Hemodialysis access

5.4.1.  Market size, by region, 2013 – 2024 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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