Global Vascular Grafts Market

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.

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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).

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.  'Medtronic ', 'Terumo ', 'C. R. Bard ', 'B. Braun Melsungen AG ', 'Cardinal Health ', 'Endologix ', 'LeMaitre Vascular ', 'Cook Medical ', 'Maquet ', 'Gore Medical'

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.  

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.  

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.  

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Global Vascular Grafts Market

Report ID: SQMIG35A2177

$5,300
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