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, and 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 technologically advanced products will
drive the U.S. market during the 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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Research Report at: http://www.crystalmarketresearch.com/report-sample/HC0634
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, Shanghai
Suokang Medical Implants Co., Ltd, Medtronic Plc., Artegraft, LeMaitre Vascular
Inc., MAQUET Holding B.V. & Co. KG,Heart Medical Europe BV, Bard Peripheral
Vascular Inc., and Cook Medical Group.
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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
- Diabetes
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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