Vascular Grafts Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Vascular Grafts by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Vascular Grafts, 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.

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.

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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

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.

The vascular grafts market report table of contents includes:
1. Executive Summary

2. Vascular Grafts Market Characteristics

3. Vascular Grafts Market Trends And Strategies

4. Vascular Grafts Market - Macro Economic Scenario

5. Global Vascular Grafts Market Size and Growth
.
32. Global Vascular Grafts Market Competitive Benchmarking

33. Global Vascular Grafts Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Vascular Grafts Market

35. Vascular Grafts Market Future Outlook and Potential Analysis

36. Appendix

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