At 6.3% CAGR, Global Vascular Graft Market to reach USD 3.6 Billion by 2024: Top Key Players – Cook Medical, Medtronic, Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Endologix, Getinge AB, LeMaitre Vascular, Terumo GmbH

The global vascular graft market is estimated to amass substantial gains in the ensuing years due to rising occurrences of cardiovascular diseases owing to high alcohol consumption and sedentary lifestyles in urban regions. According to the American Heart Association, consuming more alcohol increases the risk of high blood pressure, stroke, and obesity. Increased consumption of alcohol can result in high levels of triglycerides in the blood, which can lead to high blood pressure or heart failure, while other serious consequences include cardiac arrhythmia, cardiomyopathy or sudden cardiac death.

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Another factor contributing to the rising prevalence of the disease is the high level of stress and anxiety, particularly among the world’s urban population. For instance, a new study in the Christmas issue of BMJ states that the risk of heart attacks is at its highest during Christmas, likely due to peak emotional stress. The report further explains that feelings of anger, sadness, anxiety, and grief have been found to trigger the risk of heart problems. An expert even suggested that both emotional and financial stress during the holiday season can spike norepinephrine and adrenaline, which can lead to detrimental effects on the cardiovascular system. Thus, stress levels coupled with unhealthy dietary preferences like alcohol consumption will increase the risk of heart diseases, thereby fueling vascular graft market.

High demand is attributable to increase in number of cardiac surgeries and hemodialysis procedure. Aging population coupled with unhealthy lifestyle will drive the need for cardiac surgical procedures. This will positively impact demand for vascular grafts, thereby fostering industry growth during the forecast period.

Polyester graft segment accounted for largest revenue of USD 1,457.3 million in 2017. Easy availability and wide array of applications are major factors for its growth. High material compatibility and technological advancements for optimizing polyester vascular grafts will further aid segmental growth in the future.

Endovascular aneurysm repair segment is expected to grow at the rate of 7.0%, owing to increasing influence of minimally invasive therapies. Endovascular aneurysm repair offers advantage of single session cardiovascular surgery. This decreases the overall therapy cost and reduces time spent in hospital, thereby fostering revenue growth.

Hospital segment accounted for largest revenue of USD 1,535.7 million in 2017. Growth is credited to higher number of individuals seeking cardiovascular surgeries and hemodialysis procedures in hospitals. Growing patient pool coupled with introduction of innovative surgical procedures will render positive impact on business growth during the forecast timeframe.

U.S. demographics suggest that about 32% of the U.S. population is aged 50 years and above. Rising number of elder people will lead to increasing burden of cardiovascular diseases. Growing burden of cardiovascular diseases will favor market growth. Favorable healthcare and reimbursement policies coupled with technological advancements will promote market growth in the future.

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China dominated Asia Pacific region with market share of 48.1% in 2017, owing to increasing incidence of end-stage renal disease. Increasing prevalence of end-stage renal disease is attributable to unhealthy diet and lifestyle associated chronic diseases such as obesity and hypertension. High pervasiveness of end-stage renal disease will lead to increased demand for hemodialysis, favoring regional growth in the forecast timeline.

Prominent industries 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 prominent business players are focusing on strategic mergers, new product launch and acquisitions to strengthen market position. For instance, in September 2017, Endologix announced collaboration with Japan Lifeline for development and distribution of novel endovascular stent grafts. This collaboration will enable the company to expand its geographic reach and broaden its product portfolio for long-term growth in future.

Table of Content:

Chapter 1. Vascular Graft Market Methodology and Scope

Chapter 2. Vascular Graft Market Executive Summary

Chapter 3. Vascular Graft Market Industry Insights

Chapter 4. Vascular Graft Market, By Raw Material

Chapter 5. Vascular Graft Market, By Application

Chapter 6. Vascular Graft Market, By End-use

Chapter 7. Vascular Graft Market, By Region

Chapter 8. Vascular Graft Market Company Profiles

Outer Scope: an upsurge in heart attack cases involving people under 40 years of age is also set to trigger the growth of the global vascular graft market in the coming years. Primary reasons include unhealthy habits such as smoking, work-related stress, physical inactivity and excess consumption of processed food, which can lead to heart diseases in younger adults.

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Related Report:

United States Man-made Vascular Graft Market by Manufacturers, States, Type and Application, Forecast to 2023

Man-made Vascular Grafts are used to replace, bypass or maintain function of damaged, occluded or diseased blood vessels in small, medium and large diameter.

https://www.marketstudyreport.com/reports/united-states-man-made-vascular-graft-market-by-manufacturers-states-type-and-application-forecast-to-2023?utm_source=RR-SP

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