According to the report, global vascular graft market was valued at approximately USD 2.31 billion in 2017 and is expected to generate revenue of around USD 3.48 billion by the end of 2023, growing at a CAGR of around 7.10% between 2017 and 2023.

New York, NY, April 17, 2018 (GLOBE NEWSWIRE) -- Zion Market Research  has published a new report titled “Vascular Graft Market by Product (Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral vascular, Coronary artery bypass graft), by Raw Material (Polyester, Polytetrafluoroethylene (PTFE), Polyurethane, Biosynthetic) by End User (Hospitals, Ambulatory Surgery Center, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global vascular graft market was valued at approximately USD 2.31 billion in 2017 and is expected to generate revenue of around USD 3.48 billion by the end of 2023, growing at a CAGR of around 7.10% between 2017 and 2023.  

Growing demand for minimally invasive implants is anticipated to drive vascular graft market growth over the forecast period. Increased number of treatment failures for cardiovascular diseases, which includes organ transplantation failure, surgical reconstruction, and adverse results due to mechanical devices will further stimulate demand for minimally invasive vascular implants. Increasing demand from patients for technologically advanced novel products for vascular disease is expected to increase demand for vascular grafts. For instance, new technology devices are being introduced to meet clinical need for off-shelf small diameter vascular grafts with superlative properties of the autologous vessel. Such factors will drive industry growth over the forecast timeframe.  

Browse through 43 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Vascular Graft Market Size: Industry Share, Growth Trends Analysis, and Forecast, 2017 – 2023”.

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Increasing diabetes prevalence globally will increase demand for vascular grafts. For instance, As per International Diabetes Federation (IDF), the prevalence of diabetes is expected to increase from 366 million to 552 million between 2011 and 2030. Such exponential growth in diabetes prevalence is predicted to drive industry growth. Furthermore, rising incidences of mortality due to cardiac diseases will further drive vascular graft market size in the coming years. As per WHO data in 2012, cardiovascular diseases accounted for approximately 31% of the global mortality rate. 

The vascular graft market is segmented on the basis of product into hemodialysis access graft, endovascular stent graft, peripheral vascular and coronary artery bypass graft. Endovascular stent graft segment held major revenue share in global vascular graft market throughout the forecast period. The growth is attributed due to rising acceptance of endovascular stent graft and increased popularity of minimally invasive surgical procedures. 

North America dominated the overall vascular graft market due to the presence of well- established healthcare infrastructure, the existence of favorable reimbursement coverage for chronic diseases, increasing number of government initiatives and growing research and development activities for vascular grafts research.   Furthermore, North America was the largest geographical market for endovascular stent graft due to high adoption rate.

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Europe is the second largest regional market and is expected to show significant growth in the future years due to rising occurrence of cardiac diseases in the region coupled with growing adoption rate of prosthetic graft implants. Moreover, growing number of projects on biomaterials research undertaken by European Union in partnership with medical organizations, will increase awareness level and will drive industry growth over the forecast timeframe.  

The Asia-Pacific is projected to grow with highest CAGR during the forecast period. Rising incidence rate of diabetes, cardiovascular diseases mostly in China and India is expected to drive vascular graft market growth over the forecast period. Moreover, increasing demand for new biomaterial grafts for an increased number of heart failure cases in the region will further drive industry growth over the forecast period.

Browse the full "Vascular Graft Market by Product (Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular, Coronary artery bypass graft), by Raw Material (Polyester, Polytetrafluoroethylene (PTFE), Polyurethane, Biosynthetic) by End User (Hospitals, Ambulatory Surgery Center, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023 " report at   https://www.zionmarketresearch.com/report/vascular-graft-market

The Middle East and Africa are expected to experience lucrative growth, due to increasing geriatric population coupled with growing incidence rate of vascular diseases, renal disease, and diabetes in the region. Furthermore, industry players are mostly focusing on the Middle East & Africa region.

Some of the key players in vascular graft market include Artegraft, B. Braun Melsungen, C.R. Bard, Cook Medical, CryoLife, Heart Medical Europe BV, LeMaitre Vascular, MAQUET Holding, Medtronic, Shanghai Suokang Medical Implants, Vascular Grafts Solutions and others. Industry players are engaged in mergers & acquisitions and partnerships to retain their market share and diversify their product portfolio.  

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This report segments the global vascular graft market as follows:

Global Vascular Graft Market: Product Segment Analysis

• Hemodialysis Access Graft
• Endovascular Stent Graft
• Peripheral vascular
• Coronary Artery Bypass Graft 

Global Vascular Graft Market: Raw Material Segment Analysis

• Polyester
• Polytetrafluoroethylene (PTFE)
• Polyurethane
• Biosynthetic  

Global Vascular Graft Market: End-User Segment Analysis

• Hospitals
• Ambulatory Surgery Center
• Others  

Global Vascular Graft Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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