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Global Vascular Graft Market 2018 on Essential Factors, Trends and Research Report
Global Vascular Graft Market is considered to garner USD 4.14 billion during the forecast period (2017-2023)
Global Vascular Graft Market is considered to garner USD 4.14 billion during the forecast period (2017-2023). The market is expected to expand at 7.6% CAGR owing to the growing prevalence of cardiac diseases, asserts Market Research Future (MRFR).
Vascular graft is referred to as a medical device which acts as an artificial blood vessel and is incorporated in patients with blocked blood vessels. It directs the blood flow from one area to another and restores the normal blood flow within the body. Hemodialysis access graft, peripheral graft, and endovascular stent graft are the three types of vascular grafts used for treating various vascular disorders such as hypertension and high blood sugar.
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The noteworthy players operating the global vascular graft market are Endologix (US), Gore Medical (US), Terumo (Japan), B. Braun Melsugen AG (Germany), Medtronic (Ireland), C. R. Bard (US), Maquet (Germany), Cook Medical (US), LeMaitre Vascular (US), and Cardinal Health (US).
The Global Vascular Graft Market has been segmented on the basis of raw material, indication, end-user, and region.
By mode of raw material, the global vascular graft market has been segmented into polyester grafts, EPTFE grafts, polyurethane grafts, and biosynthetic grafts. Among these, polyester grafts hold the major market share as recent advancements in this segment have enabled its adoption rate. Also, advantages such as blood compatibility and longer lifespan are expected to foster the segment growth. The biosynthetic graft segment is considered to be the fastest growing segment.
By mode of indication, the global vascular graft market has been segmented into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. Among these, endovascular aneurysm repair is considered to be the major segment. The growth is attributed to the growing demand for minimally invasive surgical procedures. This segment also offers cost-effective treatment to their patients which further drives the segment. The peripheral vascular repair segment is presumed to be the fastest growing segment.
By mode of end-user, the global vascular graft market has been segmented into hospitals and ambulatory surgical centers. Among these, the hospitals segment is considered to hold the major segment owing to the growing number of minimally invasive surgical procedures in hospitals along with favorable reimbursement policies in developed countries. The ambulatory surgical centers are expected to be the fastest growing segment across the globe.
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