Press release
What's driving the Vascular Graft Market Growth? Top Players: BD, Becton Dickinson, B. Braun Medical, B. Braun Group, CryoLife, Inc., Cook Medical
Increasing number of cardiovascular and end-stage renal diseases will spur vascular graft market in upcoming years. High blood pressure, lack of physical exercise and unhealthy lifestyle will in turn increase risk of cardiovascular diseases. According to Center for Disease Control and Prevention (CDC) statistics, cardiovascular disease was the leading cause of mortality in 2015. Rising number of end-stage renal disease owing to high prevalence of obesity will positively impact demand for vascular grafts and hemodialysis access, thereby driving industry growth during the forecast period.
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Polyester graft segment will grow at 6.8% owing to ease of material availability, high durability, and tensile strength. Polyester can also be used as base material for development of various biosynthetic grafts having less chance of rejection and superior patient outcome. Polyester grafts are used in various types surgical procedures for treatment of aortic aneurysms, peripheral arterial disease, and hemodialysis access. This will contribute to rapid market growth during the projected timeframe.
Endovascular aneurysm repair segment held largest revenue, contributing to USD 996.5 million in 2017. Segmental growth is attributable to rising number of chronic cardiovascular diseases coupled with increasing demand for minimally invasive surgical procedures. Rapid healing and reduced hospital stay are among the major advantages of endovascular aneurysm repair. This will lead into momentous segmental growth over forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• BD
• Becton Dickinson
• B. Braun Medical
• B. Braun Group
• CryoLife, Inc.
• Cook Medical
• Endologix, Inc.
• Getinge
• LeMaitre Vascular
• Medtronic
• Terumo Cardiovascular Group
• W. L. Gore & Associates
Hospitals segment was the largest segment in 2017 with USD 1,535.7 million. Increasing number of treatment options for cardiovascular and chronic kidney disease patients will boost segment growth. Various reimbursement policies in developed economies for treatment purposes will drive the business revenue in the upcoming years. Growing healthcare expenditure in developing economies and cost-effective therapies offered at various public and private hospitals will favor segmental growth.
U.S. dominated North America vascular graft market in 2017 with revenue size of USD 742.0 million, owing to rising number of cardiovascular diseases. American College of Cardiology (ACC) estimated that in 2017, above 90 million Americans were diagnosed with cardiovascular diseases. Aging population coupled with sub-optimal diet are the major reasons for rising number cardiovascular diseases. Moreover, various reimbursement policies and favorable government initiatives in the country will foster regional growth in forthcoming years.
Some of the prominent players involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These firms are adopting strategic alliances like mergers and acquisitions and new product launch to strengthen market position. For instance, in November 2016, LeMaitre Vascular acquired assets of Restore Flow Allografts. This acquisition will broaden its product portfolio and strengthen the company’s market presence for long-term growth in future.
Vascular Graft Market, by Raw Material
1 Polyester Grafts
2 Expanded Polytetrafluoroethylene (EPTFE) Grafts
3 Polyurethane Grafts
4 Biosynthetic Grafts
Vascular Graft Market, by Application
1 Endovascular Aortic Repair
2 Abdominal Aortic Aneurysm Repair
3 Thoracic Aortic Vascular Repair
4 Peripheral Vascular Repair
5 Hemodialysis Repair
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Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Vascular graft market industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Raw material trends
2.1.3. Application
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Vascular Graft Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing number chronic diseases worldwide
3.3.1.2. Growing number of end-stage renal disorders in developing economies
3.3.1.3. Technological advancements in developed countries
3.3.1.4. Growing geriatric population worldwide
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)
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Data Tables
TABLE 1. Vascular graft industry 360 0 synopsis, 2013 – 2024
TABLE 2. Global vascular graft market, 2013 – 2024 (USD Million)
TABLE 3. Global vascular graft market, by raw material, 2013 - 2024 (USD Million)
TABLE 4. Global vascular graft market, by application, 2013 - 2024 (USD Million)
TABLE 5. Global vascular graft market, by endovascular aneurysm repair, 2013 - 2024 (USD Million)
TABLE 6. Global vascular graft market, by end-use, 2013 - 2024 (USD Million)
TABLE 7. Global vascular graft market, by region, 2013 – 2024 (USD Million)
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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