Vascular Graft Market Research Report-Forecast to 2027

Vascular Graft Market Research by Raw Material (Polyester Grafts, EPTFE Grafts, Polyurethane Grafts, Biosynthetic Grafts), Indication (Endovascular Aneurysm Repair, Peripheral Vascular Repair, Hemodialysis Access), End-user (Hospitals, Ambulatory Surgical Centers), and Region- Forecast till 2027

Q: Which end user segment will lead the vascular graft market?

Hospitals will lead the vascular graft market. . Read More

ID: MRFR/MED/5184-HCR | February 2021 | Region: Global | 100 pages

Vascular Graft Market Overview

The Vascular Graft Market was valued at USD 2.66 billion in 2017 and is anticipated to garner USD 4.14 billion by the end of 2023. The market across the globe is expected to register 7.6% CAGR during the forecast period (2017-2023). Vascular graft is termed as a medical device which acts as an artificial blood vessel and is implanted in patients with blocked blood vessels. A vascular draft redirects the blood flow from one area to another area and helps to restore the normal blood flow within the body.

Vascular grafts are considered one of the most prominent prosthetics used in cardiovascular and vascular surgeries owing to their ability to improve vascular access. Increasing prevalence of cardiac diseases, end-stage renal diseases, and growing prevalence of diabetes, coronary artery diseases, cardiac aneurysms, and hypertension are considered some of the major growth factors. Apart from such hereditary and genetic factors, alcohol consumption, unhealthy lifestyle, and tobacco smoking are presumed to trigger the demand for vascular graft market. With the ever-increasing geriatric population, changing lifestyle, and technological advancements, the market for vascular graft is considered to accelerate. For instance, technologically advanced devices are introduced in order to meet clinical need for off-shelf small diameter vascular grafts with high-quality properties of the autologous vessel.

However, high treatment cost and complications related to prosthetic grafts are expected to impede the market growth during the assessment period. Also, the lack of administrative endorsement is limiting the uptake of vascular grafts which is further restraining the growth of the market.

Major Market Key Players

Notable players of vascular graft market comprise Cardinal Health (US), Gore Medical (US), Terumo (Japan), C. R. Bard (US), Medtronic (Ireland), LeMaitre Vascular (US), B. Braun Melsugen AG (Germany), Endologix (US), Maquet (Germany), and Cook Medical (US).

Segmentation Analysis

The global vascular graft market has been segmented on the basis of raw material, indication, end-user, and region.

Based on raw material, the global vascular graft market has been segmented into polyester grafts, EPTFE grafts, polyurethane grafts, and biosynthetic grafts. While polyester grafts hold the major market share among all the segments, biosynthetic graft is considered to be the fastest growing segment.

Based on indication, the global vascular graft market has been segmented into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. Endovascular aneurysm repair is considered to be the major segment among all the segments. The peripheral vascular repair segment is expected to be the fastest growing segment.

Based on end-user, the global vascular graft market has been segmented into hospitals and ambulatory surgical centers. Among these, the hospitals hold the major segment and are anticipated to maintain its dominance during the review period. The ambulatory surgical centers are the fastest growing segment across the globe.

Regional Analysis

The global vascular graft market span across four major regions, namely Americas, Europe, Asia-Pacific, and Middle East & Africa.

America dominates the global vascular graft market and is anticipated to maintain its dominance over the assessment period. The growth is attributed to the high prevalence of cardiovascular diseases, diabetes, and chronic kidney diseases. With the availability of state-of-the-art healthcare infrastructure and presence of reimbursement coverage, the market is set to flourish. Asia Pacific is presumed to register the fastest market growth owing to the growing prevalence of diabetes and cardiovascular diseases in this region. Also improving healthcare infrastructure and epidemiological transition which has resulted in high rate of premature death is anticipated to trigger the demand for minimally invasive grafting procedures.

Vascular Graft Market by Raw Material

Polyester Grafts

EPTFE Grafts

Polyurethane Grafts

Biosynthetic Grafts

Vascular Graft Market by Indication

Endovascular Aneurysm Repair

Peripheral Vascular Repair

Hemodialysis Access

Vascular Graft Market by End User

Hospitals

Ambulatory Surgical Centers

Vascular Graft Market by Region

Americas

Europe

Asia Pacific

Middle East & Africa

Research Methodology

Data analysts at Market Research Future ensure objective analysis of the market while preparing market research reports by engaging set of standards which allow a comprehensive view of the market and its several components. Several factors comprising economic growth, government expenditure, supply channels and distribution channels have been scrutinized effort to relay precise information. Also, market-size estimation and validation use top-down and bottom-up approaches in order to obtain data from the demand and supply side. Analysis of data have been performed by using research framework suited to the specific industry. The frameworks are developed by the MRFR team which serves as a research standard that provides tools to create dependable market reports.

Report Scope:

Report Attribute/Metric	Details
Market Size	2023: USD 4.14 Billion 2027: Significant Value
CAGR	7.6% CAGR (2018-2023)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Raw material, Indication, End-user
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Cardinal Health (US), Gore Medical (US), Terumo (Japan), C. R. Bard (US), Medtronic (Ireland), LeMaitre Vascular (US), B. Braun Melsugen AG (Germany), Endologix (US), Maquet (Germany), and Cook Medical (US).
Key Market Opportunities	High treatment cost Complications related to prosthetic grafts
Key Market Drivers	Increasing prevalence of cardiac diseases, end-stage renal diseases Growing prevalence of diabetes, coronary artery diseases, cardiac aneurysms, and hypertension

Frequently Asked Questions (FAQ) :

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Vascular Graft Market, by Raw Raw Material

6.1 Introduction

6.2 Polyester Grafts