The global vascular grafts market size is expected to grow from $2.76 billion in 2021 to $2.96 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The global vascular graft market is then expected to grow to $4.10 billion in 2026 at a CAGR of 8.5%.
What is the Global Vascular Grafts Market?
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 the legs to treat vascular disease.
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What drives the Global Vascular Grafts Market?
The rising prevalence of vascular diseases is driving the growth of the global vascular grafts market. According to a study by the National Center for Biotechnology Information in the US, cardiovascular diseases are the leading cause of death in the world and according to the American Heart Association (AHA), the overall prevalence of myocardial infarction in the US was around 7.9 million per year, while the estimated annual incidence of a heart attack in the US is 720,000 new attacks and 335,000 recurrent attacks. According to a study by NHS Inform, a national health service of Scotland, every year around 20,000 coronary bypass grafts are carried out in England. Therefore, the high prevalence of vascular diseases is anticipated to drive the global vascular grafts market.
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Global Vascular Grafts Market Segments
The global vascular grafts market is segmented:
By Product: Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular Graft, Coronary Artery Bypass Graft
By Raw Material: Polyester Grafts, ePTFE, Polyurethane Grafts, Biosynthetic Grafts
By Application: Coronary Artery Disease, Aneurysm, Vascular Occlusion, Renal Failure
By End-User: Hospitals, Ambulatory Surgical Centers
By Geography: The regions covered in the vascular grafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Vascular Grafts Global Market Report 2022provides market size and growth forecasts for the global vascular grafts market, global vascular grafts market share, vascular grafts market segments and geographies, vascular grafts market competitive landscape including leading competitors’ revenues, profiles and market shares. The vascular grafts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Vascular Grafts Industry Playersinclude B. Braun, C. R. Bard, Cardinal Health, Cook Medical, Endologix, LeMaitre Vascular, Medtronic Plc, Getinge, Terumo Medical Corporation, and Gore Medical. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
