Vascular Grafts Market Report Covers Industry Landscape and Its Growth Prospects over the Coming Years | Top Worldwide Key Players – B. Braun Melsungen AG, C. R. Bard, Inc., Cardinal Health Inc. and more

The marketplace for Vascular Grafts Market is expected to reach $ 6,218 million in 2023, an average annual growth rate of 5.7% from 2017 to 2023.
Vascular grafting is a medical device used in surgical procedures to reconnect blood vessels to switch blood flow from one area to another. Vascular grafting is performed in patients with clogged arteries to restore normal blood flow in the body. The increased incidence of lifestyle-related diseases has increased the demand for vascular grafts.

The worldwide market for vascular grafting is caused by increased vascular disease, hyperglycemia, hypertension, and other risk factors that cause blood clogging. In addition, a sedentary lifestyle, increased elderly population and technological advancement are expected to complement market growth during the forecast period.

However, the increased cost of treatment and complications associated with prosthetic transplants impede market growth. Conversely, in the emerging economies of the Asia-Pacific and LAMEA regions, increased awareness of vascular grafts and huge market opportunities are expected to provide opportunities for key market participants during the forecast period.

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Key players profiled in this report include
• B. Braun Melsungen AG
• C. R. Bard Inc.
• Cardinal Health Inc.
• Cook Medical Inc.
• Endologix Inc.
• LeMaitre Vascular Inc.
• MAQUET Holding B.V. & Co. KG
• Medtronic plc
• Terumo Corporation
• W. L. Gore & Associates Inc.

The endovascular aneurysm repair stent grafts segment is expected to maintain its dominant position during the forecast period, owing to the associated benefits of being a minimally invasive procedure as compared to open-chest or open-abdominal aneurysm surgery. This has boosted endovascular aneurysm repair stent grafts market, as the total time required for the surgery is reduced by several days.

The biosynthetic raw material segment is expected to grow at a CAGR of 6.5% during the forecast period, owing to the combination of properties of both synthetic as well as biological materials, which give optimal results.

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Key Findings of the Vascular Grafts Market:
• The polytetrafluoroethylene (PTFE) segment accounted for more than half of the raw materials market share in 2016.
• The endovascular aneurysm repair stent grafts segment accounted for nearly three-fifths share of the global market in 2016, and is expected to grow at a CAGR of 6.2% from 2017 to 2023.
• The hospitals segment accounted for more than half of the end users share in 2016.
• Asia-Pacific is expected to grow at the highest CAGR of 7.5% from 2017 to 2023.
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North America accounted for a major share (more than half) in the global market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to the increase in incidence of vascular disorders & renal diseases and rise in patient awareness about the benefits of vascular graft surgery. In addition, high adoption rate of technologically advanced devices and presence of highly sophisticated healthcare infrastructures are expected to offer new growth opportunities to the players in the market.

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