Vascular Grafts Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The vascular grafts market size has grown strongly in recent years. It will grow from $3.21 billion in 2023 to $3.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increase in cardiovascular diseases (cvds), increased geriatric population, strong economic growth in emerging markets, rise in healthcare expenditure and growth in the number of healthcare facilities.

The vascular grafts market size is expected to see strong growth in the next few years. It will grow to $4.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing number of renal diseases, increase in hypertension prevalence, sedentary lifestyles, rapid growth in the geriatric population, increase in diabetes, increase in cardiovascular diseases (cvds) and rise in healthcare expenditure . Major trends in the forecast period include investing in the latest technology for improving the compliance with smaller vascular grafts, investing in technology such as 3d cell printing, for greater safety and ultimately higher success rates, investing in cell-free vascular grafts, investing in monitoring technology such as smart patches or self-monitoring devices and investing in research and development for newer and more innovative solutions to improve patient care.

Market Overview -
The vascular grafts are used to repair the diseased or blocked blood vessel during the surgical procedure called vascular grafting or vascular bypass. Vascular grafting is performed to bypass a partial or complete blockage in an artery by reconnecting the blood vessels. This process improves the blood flow by redirecting blood from one area of the body to another.

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High Prevalence Of Vascular Diseases Drives Global Vascular Grafts Market
The rising prevalence of vascular diseases is driving the growth of the global vascular grafts market. According to a study by the National Center for Biotechnology Information in the US, cardiovascular diseases are the leading cause of death in the world and according to the American Heart Association (AHA), the overall prevalence of myocardial infarction in the US was around 7.9 million per year, while the estimated annual incidence of a heart attack in the US is 720,000 new attacks and 335,000 recurrent attacks. According to a study by NHS Inform, a national health service of Scotland, every year around 20,000 coronary bypass grafts are carried out in England. Therefore, the high prevalence of vascular diseases is anticipated to drive the global vascular grafts market.

Competitive Landscape -
Major companies operating in the vascular grafts market report are B. Braun Melsungen AG, Abbott Laboratories, Becton Dickinson and Company, Cardinal Health Inc., W. L. Gore & Associates Inc., Terumo Medical Corporation, Medtronic Plc, Getinge, Endologix, Cook Medical, MicroPort, CR Bard, Biovic, Creganna, Novomed Incorporation Private Limited, Marizyme Inc., Terumo Corporation, Gore Medical, LeMaitre Vascular, Olympus Medical Systems Corporation, Japan Lifeline, JOTEC, Vascutek, RUA Life Sciences, Vascular Flow Technologies, Bolton Medical, Kips Bay Medical Incorporated, Cryolife, Vascular Graft Solutions Ltd.

Investment In Technological Advancements For Innovative And Customized Vascular Grafts
Companies in the vascular grafts market are increasingly investing in technological advances for the development of innovative vascular graftss, including customization of vascular graftss. For instance, RelayPro, a thoracic stent graft system recently launched by Terumo Aortic, is a low-profile device designed for patients with smaller access vessels in the treatment of thoracic endovascular aortic repair (TEVAR). It offers a broad range of diameters, lengths, tapers, and proximal configurations to the physicians. Both bare stent and non-bare stent (NBS) versions are available for this device and they can be customized to meet the patient's specific anatomical needs.

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Key Segments -

The vascular grafts market covered in this report is segmented -

1) By Product: Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular Graft, Coronary Artery By-pass Graft
2) By Raw Material: Polyester Grafts, Polytetrafluoroethylene Grafts, Polyurethane Grafts, Biosynthetic Grafts
3) By Application: Coronary Artery Disease, Aneurysm, Vascular Occlusion, Renal Failure
4) By End-User: Hospitals, Ambulatory Surgical Centers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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