USD 3.8 billion
Vascular Grafts Market Size, Share, Growth Analysis, By Raw Material (Polyester Grafts, ePTFE), By Indication (Endovascular Aneurysm Repair, Abdominal Aortic Aneurysms Repair), By End User (Hospitals, and Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2177 |
Region:
Global |
Published Date: September, 2024
Pages:
242
|Tables:
120
|Figures:
68
Vascular Grafts Market Insights
Global Vascular Grafts Market size was valued at around USD 1.5 billion in 2022 and is expected to rise from USD 1.6 billion in 2023 to reach a value of USD 2.8 billion by 2031, at a CAGR of 7.2% over the forecast period (2024–2031).
Increasing prevalence of health conditions like chronic kidney and cardiovascular diseases is propelling the use of vascular grafts. The demand for vascular graft surgeries or procedures is being driven by the increase in lifestyle-related disorders, surge in the geriatric population, increase in health care spending, and improvement in healthcare infrastructure. Governments and regulatory agencies around the world are implementing cost-containment strategies to ease the burden of health care, particularly in developed economies. Governments, healthcare providers, insurance payers, and life sciences companies have all taken different actions that have contributed to the transition from a volume-based to a value-based system.
US Vascular Grafts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Hemodialysis access grafts
Fastest Growth
Hemodialysis access grafts
Growth Rate
7.3% CAGR
Global Vascular Grafts Market($Bn)
Country Share for North America Region (%)
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Vascular Grafts Market Segmental Analysis
Global Vascular Grafts Market is segmented by Raw Material, Indication, End User, and region. Based on Raw Material, the market is segmented into Polyester Grafts, ePTFE, Polyurethane Grafts, and Biosynthetic Grafts. Based on Indication, the market is segmented into Endovascular Aneurysm Repair, Abdominal Aortic Aneurysms Repair, Thoracic Aortic Aneurysm Repair, Peripheral Vascular, and Hemodialysis Access. Based on End User, the market is segmented into Hospitals, and Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Vascular Grafts Market Analysis by Product
Based on product, global vascular grafts market is segmented into hemodialysis access grafts, endovascular stent grafts, peripheral vascular grafts, and others. Endovascular stent-grafts dominated the market in 2021, accounting for 63.8% of the total, and is also likely to continue the dominance over the forecast timeline. The increasing use of endovascular stent-grafts to treat aneurysms, which include thoracic aortic aneurysms, is a significant driver of the market growth during the analysis period. In addition, endovascular grafts help patients recover faster and are less painful than open chest surgeries. It also reduces hospital stays, which increases its popularity.
The hemodialysis access graft segment is anticipated to register the significant revenue share over the forecast period owing to increasing incidence of cardiovascular diseases, which is boosting the segment growth.
Because of the rising rate of renal failure and artery hardening, the peripheral vascular grafts segment is predicted to grow the fastest during the forecast period. Furthermore, innovative technologies in the development of products to cure peripheral artery disease are expected to fuel segment growth over the forecast period.
Vascular Grafts Market Analysis by Application
Based on application, the global vascular grafts market is segmented into cardiac aneurysm, kidney failure, vascular occlusion, and coronary artery disease. Due to the increasing prevalence of high blood pressure, increasing cholesterol levels, sedentary lifestyle, and increasing geriatric population, the cardiac aneurysm segment held the largest market share in 2021, and is further anticipated to grow significantly during the forecast period. Congenital heart surgery using advanced tissue-engineered grafts is also promoting segment growth.
Because of the increasing number of patients with vascular occlusion disease and indeed the availability of graft-based procedures, the vascular occlusion segment is predicted to expand the fastest during the forecast period.
Global Vascular Grafts Market size by product
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Vascular Grafts Market Regional Insights
North America accounted for a major global vascular graft market share in 2021, due to increasing health consciousness and the accessibility of cardiovascular treatment facilities within the region. Furthermore, the existence of reimbursement guidelines and the use of sophisticated technological procedures are also driving market expansion.
During the forecast period, the Asia-Pacific market is expected to grow at the fastest rate. The region is especially impacted by the growing number of cardiovascular disease patients. Furthermore, the population with chronic kidney disease, end-stage heart disease, diabetes, and other diseases is expected to drive market growth. Moreover, the cardiac disorders that cause premature deaths are expected to drive market growth in the region.
Global Vascular Grafts Market Size By Geography
- Largest
- Fastest
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Vascular Grafts Market Dynamics
Vascular Grafts Market Driver
- One of the main risk factors for diabetes, hypertension, cardiovascular diseases, and other diseases is chronic kidney disease (CKD), also known as chronic kidney failure. It involves a progressive decline in kidney function. Advanced chronic kidney disease can cause the body to accumulate hazardous amounts of fluids, electrolytes, and waste. Over 37 million adults in the U.S. have CKD, according to the National Institute of Diabetes and Digestive and Kidney Diseases. The prevalence of cardiovascular disorders is increased by hereditary factors, alcohol and tobacco use, and lifestyle choices. The WHO estimates that 17.9 million deaths worldwide in 2019 were caused by cardiovascular diseases (CVDs), or 32% of all deaths. About 85% of these were caused by heart attacks and strokes. Additionally, as more people are diagnosed with cancer, there is a greater need for implantable ports & grafts and central venous catheters to administer chemotherapy drugs and blood transfusions.
Vascular Grafts Market Restraint
- Patient complications from product failures can be severe or even fatal. Multiple products sold by companies have been recalled from the market over time due to product malfunctions or other issues. Market developments can harm end-user perceptions of graft safety, restricting their use in treatment procedures.
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Vascular Grafts Market Competitive Landscape
Global vascular grafts market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Vascular Grafts Market Top Player's Company Profiles
- Medtronic
- Terumo
- C. R. Bard
- B. Braun Melsungen AG
- Cardinal Health
- Endologix
- LeMaitre Vascular
- Cook Medical
- Maquet
- Gore Medical
Vascular Grafts Market Recent Developments
- In October 2022, VentureMed Group Inc. announced first patient treated with The FLEX Vessel Prep™ System AV Focused 75cm Product.
- In September 2021, Terumo Aortic introduced PANTHER, a global surgical graft study of knitted and woven surgical grafts.
Vascular Grafts Key Market Trends
- The adoption of the MIDCAB procedure has increased due to the rising demand for minimally invasive procedures and its safety and low mortality rate. Additionally, it is compatible with cardiopulmonary bypass and aortic cross-clamp. Additionally, it is anticipated that in the coming years, the development of surgical procedures utilizing coronary artery stent grafts will increase demand for vascular grafts.
Vascular Grafts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global vascular grafts market analysis, Asia pacific market is predicted to witness fast growth due to rising penetration of medical devices that are more sophisticated along with the government support and initiatives for widespread awareness regarding different chronic diseases. Rising introduction of devices that are more advanced in diagnosis also drives the global market growth during the projection period. However, failure of the product and subsequent recalls may limit the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.5 billion |
| Market size value in 2031 | USD 2.8 billion |
| Growth Rate | 7.2% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vascular Grafts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vascular Grafts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vascular Grafts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vascular Grafts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vascular Grafts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vascular Grafts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Vascular Grafts Market Report Snapshots
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