Vascular Graft Market - Huge Market Opportunities For Emerging Economies Of Asia-Pacific And LAMEA and Other Regions Dew to Rise In Awareness

The market for vascular grafts is expected to reach $ 6,218 million in 2023, growing at an average annual rate of 5.7% from 2017 to 2023.

Vascular grafting is a medical device used in surgical procedures to convert blood flow from one area to another through vascular reconnection. Vascular grafting is performed in patients with clogged arteries to restore normal blood flow in the body. Increased incidence of lifestyle-related diseases has increased demand for vascular grafts.

The global market for vascular grafting is caused by increased risk factors for vascular disorders, hyperglycemia, hypertension, and vascular occlusion. 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.

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Treatment of intravascular aneurysms The stent graft segment is expected to remain dominant over the forecast period due to the associated benefits of minimally invasive procedures compared to open chest or open abdominal aneurysm surgery. The total time required for surgery was shortened to several days, and the intravascular aneurysm treatment stent graft market was activated.

The biosynthetic raw materials sector is expected to grow at a CAGR of 6.5% over the forecast period due to the combination of properties of synthetic and biological materials that provide 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.

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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