Global Vascular Grafts Market Trends And Strategies Of Major Players In The Vascular Grafts Market 2021-2030
23 Feb, 2021
The vascular graft global market consists of sales of vascular grafts and related services by entities (organizations, sole traders and partnerships) that manufacture vascular grafts that are used to repair the diseased or blocked blood vessel during the surgical procedure called vascular grafting or vascular bypass. Vascular grafting is performed to bypass a partial or complete blockage in an artery by reconnecting the blood vessels. This process will improve the blood flow by redirecting blood from one area of the body to another. Vascular grafts are mainly used in the heart during coronary artery bypass and in legs to treat vascular disease.
Global Vascular Grafts Market Size And Drivers:
The global vascular graft market is expected to decline from $2.79 billion in 2019 to $2.6 billion in 2020 at a compound annual growth rate (CAGR) of -6.98%. The market is then expected to recover and reach $3.27 billion in 2023 at a CAGR of 8.02%. The rising prevalence of vascular diseases is driving the growth of the global vascular grafts market.
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Trends In The Global Vascular Grafts Market
Companies in the vascular graft market are increasingly investing in technological advances for the development of innovative vascular grafts, including customization of vascular grafts.
Global Vascular Grafts Market Segments:
The global vascular graft market is further segmented based on product, raw material, application, end user and geography.
By Product:Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular Graft, Coronary Artery By-Pass Graft.
By Raw Material:Polyester Grafts, PTFE, Polyurethane Grafts, Biosynthetic Grafts.
By Application:Coronary Artery Disease, Aneurysm, Vascular Occlusion, Renal Failure
By End-User:Hospitals, Ambulatory Surgical Centers.
By Geography:The global vascular graft market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global vascular graft market.
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Vascular Grafts Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides vascular graft market overviews, analyzes and forecasts market size and growth for the global vascular graft market, vascular graft market share, vascular graft market players, vascular graft market segments and geographies, vascular graft market’s leading competitors’ revenues, profiles and market shares. The vascular graft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.