Vascular Grafts Market - Rising prevalence of coronary artery diseases is expected to boost growth of market

Coherent Market Insights released a new market study on 2021-2028 Vascular Grafts Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in your business. The research study provides estimates for 2021-2028 Vascular Grafts Market Forecast till 2028*.

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High Prevalence of Cardiovascular Diseases and Increasing Geriatric Population to Augment Growth of Vascular Grafts Market

Vascular grafts are used on damaged or diseased blood vessels during the treatment of peripheral vascular disease, acute limb ischemia, aneurysms, and trauma.

Market Dynamics

High prevalence of cardiovascular diseases is expected to propel growth of the vascular grafts market. For instance, according to the American Heart Association's Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of CVD in 2016. Moreover, approval and launch of new biocompatible materials is also expected to aid in growth of the market. For instance, in July 2020, Henkel AG & Co. KGaA, a Germany-based chemical and consumer goods company, in collaboration with Nex3D, a maker of stereolithography-based 3D printers, launched a polypropylene-like material suited for 3D printing biocompatible medical and wearable devices. The commercially available xMED412 is entirely based on the Loctite MED412 material and is covered by all of its associated clearances, tests, and certifications, as per Henkel.

Increasing geriatric population is expected to offer lucrative growth opportunities for players in the vascular grafts market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Moreover, R&D in coatings to prevent clotting and infection in synthetic vascular grafts is also expected to aid in growth of the market.

However, use of vascular grafts may lead to a wound or infection, bleeding during or after the surgery, blood clots, pneumonia, and kidney failure. Such side effects are expected to hinder growth of the vascular grafts market. Product recalls are also expected to limit the market growth. For instance, in February 2021, Medtronic plc recalled unused thoracic stent graft systems in response to recent data from the Valiant Evo global clinical trial in which three patients were observed to have stent fractures.

Competitive Analysis

Major players operating in the vascular grafts market include, Medtronic Plc., Vascutek Ltd, W.L. Gore & Associates, Inc., B. Braun Melsungen AG, Medtronic plc, RUA Life Sciences, Terumo Medical Corporation, Artegraft, Bard Peripheral Vascular Inc., LeMaitre Vascular Inc., and Heart Medical Europe BV.

Major players operating in the vascular grafts market are focused on approval and launch of new products to expand their product portfolio. For instance, in October 2020, RUA Life Sciences announced that its vascular subsidiary had made further commercial and regulator process towards the launch of sealed cardiovascular grafts and patches.

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Reasons to Purchase this Report

• Current and future of global Vascular Grafts Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players

Major Point Answered in Vascular Grafts Market Research Study are:

What will be the progress rate of the Vascular Grafts Market for the conjecture period, 2021-2028?
What are the prominent factors driving the Vascular Grafts Market across different regions?
Who are the major vendors dominating the Vascular Grafts industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Vascular Grafts Market?

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