USD 3.8 billion
Vascular Grafts Market Size, Share, Growth Analysis, By Product(Hemodialysis Access Grafts, Endovascular Stent Grafts, Coronary Artery By-Pass Grafts, Vascular Grafts for Aorta Disease), By End User(Hospitals, Ambulatory Surgical Centers, and Others), By Application(Cardiac Aneurysm, Kidney Failure, Vascular Occlusion, and Coronary Artery Disease), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2177 |
Region:
Global |
Published Date: September, 2024
Pages:
242
|Tables:
120
|Figures:
68
Vascular Grafts Market Insights
Global Vascular Grafts Market size was valued at around USD 1.5 billion in 2022 and is expected to rise from USD 1.6 billion in 2023 to reach a value of USD 2.8 billion by 2031, at a CAGR of 7.2% over the forecast period (2024–2031).
The surging prevalence of cardiovascular diseases is slated to be the primary factor driving vascular grafts market growth in the future. Increasing complications in cardiac cases due to diabetes and hypertension are also expected to promote the sales of vascular grafts across the study period and beyond. Rapidly increasing senescent population on a global level also presents new opportunities for vascular graft companies in the long run. The growing popularity of minimally invasive surgeries and rising preference among patients for the same are also slated to open new avenues of opportunities for vascular graft providers to go forward. Adoption of poor lifestyles and consumption of a nutrition deficit diet are also factors that indirectly impact the vascular grafts market outlook. On the contrary, the risk of complications, competition from alternative treatments, and the dearth of skilled vascular surgeons are all forecasted to slow down the global vascular grafts industry in the long run.
US Vascular Grafts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Hemodialysis access grafts
Fastest Growth
Hemodialysis access grafts
Growth Rate
7.3% CAGR
Global Vascular Grafts Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Vascular Grafts Market Segmental Analysis
Global Vascular Grafts Market is segmented by Raw Material, Indication, End User, and region. Based on Raw Material, the market is segmented into Polyester Grafts, ePTFE, Polyurethane Grafts, and Biosynthetic Grafts. Based on Indication, the market is segmented into Endovascular Aneurysm Repair, Abdominal Aortic Aneurysms Repair, Thoracic Aortic Aneurysm Repair, Peripheral Vascular, and Hemodialysis Access. Based on End User, the market is segmented into Hospitals, and Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Vascular Grafts Market Analysis by Product
Endovascular stent grafts are forecasted to account for a substantial chunk of the global vascular grafts market share. These types of vascular grafts are projected to be highly used in thoracic and abdominal aortic aneurysm indications. The less invasive nature of these grafts and less risk of complications are key benefits that are estimated to help this segment maintain its high market share across the study period and beyond. Faster recovery times offered by the use of endovascular stent grafts is also expected to push more patients to opt for these and also increase its recommendation by medical professionals.
Meanwhile, the demand for peripheral vascular grafts is slated to increase at a rapid pace in the future as per these vascular grafts market analysis. The surge in prevalence of peripheral artery diseases around the world owing to poor lifestyle choices are expected to help this segment generate new opportunities in the long run. High availability of different types of peripheral vascular grafts made from various materials to suit different needs of a patient will also help this segment generate more revenue in the long run. Targeting countries with large geriatric populations will also help boost sales of peripheral vascular grafts in the future.
Vascular Grafts Market Analysis by End User
Most vascular grafts are projected to be used in hospitals allowing the segment to hold sway over others going forward. Increasing number of vascular surgeries being performed in hospitals and growing healthcare expenditure are expected to aid the dominance of this segment in the future. Rising availability of advanced medical equipment and devices in hospitals and provision of better pre and post procedure care facilities are also expected to help this segment maintain its high market in the vascular grafts market forecast. Developing countries with increasing healthcare infrastructure development investments will also create new opportunities for vascular graft providers in this segment going forward.
On the other hand, the demand for vascular grafts in ambulatory surgical centers is forecasted to rise at an impressive pace across the forecast period and beyond. Growing popularity of minimally invasive vascular procedures and rising preference of patients for the same are expected to help promote sales of vascular grafts in ambulatory surgical centers in the future. Growing demand for more cost-effective and affordable treatment alternatives is also estimated to create new opportunities for vascular graft companies in the long run. High success rate of surgeries performed at ambulatory surgical centers and the high convenience offered by the same are also estimated to contribute to new business scope for vascular graft providers through 2031.
Global Vascular Grafts Market By End User
To get detailed analysis on other segments, Request For Free Sample Report
Vascular Grafts Market Regional Insights
North America secures the top spot when it comes to global vascular grafts demand. The presence of a developed healthcare infrastructure, high healthcare spending potential, and rising prevalence of diseases requiring vascular treatment and surgeries are helping the high vascular grafts market share of this region. The United States is slated to emerge as the most opportune market in North America owing to surge in geriatric patient population. Canada is also estimated to boost the demand for vascular grafts in this region going forward. Availability of favorable reimbursement policies and quick adoption of advanced medical technologies are also expected to bolster market growth in North America through 2031.
Asia-Pacific is expected to emerge as the fastest-expanding regional market for vascular graft companies in the world. Rising investments in healthcare infrastructure development, growing adoption of vascular surgeries, and increasing healthcare spending are slated to help bolster sales of vascular grafts in the future. Japan is slated to be a highly opportune market as senescent population reaches new heights in the country. China and India are also estimated witness a robust hike in demand for vascular grafts over the coming years. High incidence of diabetes and hypertension among people in this region will also create new opportunities for vascular graft companies in the long run.
Global Vascular Grafts Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Vascular Grafts Market Dynamics
Driver
Rising Incidence of Cardiovascular Disorders
- Poor lifestyle choices and growing adoption of unhealthy habits have significantly increased the number of people suffering from cardiovascular diseases such as atherosclerosis, coronary artery disease, and peripheral artery disease. These indications are being treated with vascular repair procedures and surgeries thereby driving vascular grafts sales as well.
Expansion of Geriatric Population
- The number of aged people around the world has increased drastically and is expected to keep on rising as life expectancy increases. Older adults are more prone to vascular diseases due to weakened blood vessels and increased risk of comorbidities leading them to be more inclined to undergo vascular surgeries to treat their indications and drive market growth.
Restraints
Dearth of Skilled Vascular Surgeons
- Vascular graft procedures need to be performed by skilled surgeons to improve their success rate and this factor plays a crucial role in determining the success of the procedure. However, there is a major shortage of skilled vascular surgeons around the world, and this is slated to slow down the vascular grafts market forecast in the future.
Risk of Failure or Complications
- Even though vascular grafts are seen as lifesaving medical devices, they too run the risk of failure or complications in some cases. Infection, thrombosis, graft rejection, and occlusion are some common issues that are forecasted to impede the sales of vascular grafts in the future. Moreover, long-term complications add up to these concerns and discourage patients furthermore.
Request Free Customization of this report to help us to meet your business objectives.
Vascular Grafts Market Competitive Landscape
Vascular graft manufacturers should focus on making their products more affordable to enhance the accessibility to vascular procedures. Addressing the risks of complications and failures will also be crucial in determining the vascular grafts industry growth potential going forward. Vascular grafts providers should also focus on gaining new approvals for advanced vascular grafts designed for minimally invasive procedures.
Vascular Grafts Market Top Player's Company Profiles
- Medtronic
- Terumo
- C. R. Bard
- B. Braun Melsungen AG
- Cardinal Health
- Endologix
- LeMaitre Vascular
- Cook Medical
- Maquet
- Gore Medical
Vascular Grafts Market Recent Developments
- In August 2024, Terumo India, a leading provider of medical devices and technologies announced the launch of its new abdominal stent graft system. TREO® Stent-Graft System was launched for the treatment of infrarenal abdominal aortic aneurysms in adults.
- In August 2023, Aquedeon Medical Inc., a leading medical device company announced that it had received approval from the United States Food and Drug Administration (FDA) for trials of its new vascular graft systems. IDE clinical trials of Auqedeon’s Duett vascular graft system will help in reducing the time for vascular procedures.
- Back in May 2021, Healionics, a biotechnology start-up announced that it had raised USD 4.7 million to promote the commercialization of its new blood vessel technology. The company offers vascular grafts called STARgraft which are highly resistant to the issue of vascular occlusion.
Vascular Grafts Key Market Trends
- Development of Bioengineered Vascular Grafts: Bioengineered vascular grafts mimic the function of blood vessels and reduce the risk of infection and rejection that is prevalent in conventional vascular grafts. The use of bioresorbable materials and regenerative medicine approaches in vascular graft development is expected to offer a plethora of new opportunities for new as well as established vascular graft companies in the long run.
- Targeting Emerging Markets: Investments in healthcare infrastructure development are increasing rapidly in regions of Asia-Pacific, Africa, and Latin America. These regions have also witnessed a hike in incidence of cardiovascular disorders thereby making them opportune markets for vascular graft providers going forward. Thus, investing in these regions is projected to be a key vascular grafts market trend for all companies through 2031 and beyond.
Vascular Grafts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing incidence of cardiovascular disorders and the growing geriatric population are slated to bolster the demand for vascular grafts over the coming years. However, the risk of failure or complications and the shortage of skilled vascular surgeons are estimated to impede vascular grafts market growth in the future. North America is projected to remain the dominant market for vascular graft companies owing to the presence of a developed healthcare infrastructure and favorable reimbursement policies. Developing bioengineered vascular grafts and targeting emerging markets can help vascular graft companies expand their business scope in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.5 billion |
| Market size value in 2031 | USD 2.8 billion |
| Growth Rate | 7.2% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vascular Grafts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vascular Grafts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vascular Grafts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vascular Grafts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vascular Grafts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vascular Grafts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
