Vascular Grafts Market Size Estimated to Grow US$ 2.43 Billion by 2027

The latest research study "Vascular Grafts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global vascular grafts market size reached US$ 1.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.43 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027.

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Vascular grafts represent the medical devices mainly used in bypass procedures to control the blood flow from one body area to another by reconnecting the blood vessels. They are manufactured using biosynthetic, polyester, polyurethane (PU), and polytetrafluoroethylene (PTFE) materials. Vascular grafts are available in various types, such as a coronary artery, endovascular stent, hemodialysis access, and peripheral vascular. They are generally employed to replace injured arteries, blood vessels, veins, and valves during hemodialysis or organ transplantation. Other instances where medical practitioners require vascular grafts include aneurysms, kidney failure, vascular occlusion, and coronary artery diseases. In addition, these devices allow good cell invasion from the adventitia and reduce blood leakage without affecting the endothelialization rate.

Vascular Grafts Market Trends and Drivers:

The rising incidences of chronic heart diseases and the escalating demand for minimally invasive (MI) procedures are among the primary factors driving the vascular grafts market. Besides this, the elevating requirement for these devices in bypass surgeries to diagnose and treat heart attacks, heart artery blockages, angina pectoris, and other cardiovascular diseases (CVDs) is further augmenting the market growth. Moreover, the development of three-dimensional (3D) printed polymeric vascular grafts that are biodegradable, mechanically compatible with vascular tissues, and support the neo-tissue formation and growth is also catalyzing the global market. Apart from this, the increasing usage of prosthetic grafts, such as electrospun PU for complex trauma that reduces the risk of neointimal formation, is acting as another significant growth-inducing factor. Furthermore, the expanding healthcare industry, the extensive research and development (R&D) activities, and the continuous technological advancements in next-generation tissue-engineered devices are expected to bolster the vascular grafts market in the coming years.

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Vascular Grafts Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Abbott Laboratories
• B. Braun SE (B. Braun Holding GmbH & Co. KG)
• Becton
• Dickinson and Company
• Cook Group Incorporated
• Cordis
• CryoLife Inc.
• Getinge AB
• Heat Medical Europe BV
• LeMaitre Vascular
• Medtronic plc
• Terumo Corporation
• W. L. Gore & Associates Inc.

The report has segmented the market on the basis of product, raw material, application and end user.

Breakup by Product:

• Endovascular Stent Grafts
• Hemodialysis Access Grafts
• Coronary Artery By-Pass Grafts
• Vascular Grafts for Aorta Disease
• Peripheral Vascular Grafts

Breakup by Raw Material:

• Polytetrafluoroethylene (PTFE)
• Polyester
• Polyurethane
• Biosynthetic

Breakup by Application:

• Cardiac Aneurysm
• Kidney Failure
• Vascular Occlusion
• Coronary Artery Disease

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers (ASCs)

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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