Albany NY, United States: The global vascular graft market was valued at US$ 2.6 Bn in 2021 and is projected to expand at a CAGR of 5.3% from 2022 to 2031.
Albany NY, United States: The global vascular graft market was valued at US$ 2.6 Bn in 2021 and is projected to expand at a CAGR of 5.3% from 2022 to 2031.
A vascular graft, also known as a vascular bypass, is a surgical procedure that reconnects blood vessels to redirect blood flow from one area of the body to another. Vascular grafting is most commonly used to bypass a complete or partial blockage in an artery, improving blood flow to the organ supplied by the diseased artery.
Artificial vascular graft materials are used to patch injured or diseased areas of arteries, for the replacement of complete segments of larger arteries such as the aorta, and for use as sewing. Vascular graft devices can be manufactured from any source, synthetic or biological. It is utilized in applications such as aneurysm, coronary artery disease, and renal failure. Increase in incidence of cardiovascular disease and diabetes disorders among the geriatric population, and demand among vascular surgeons to treat vascular disorders patients with new technologies are anticipated to drive the market from 2022 to 2031. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) was the leading cause of death globally in 2021, accounting for an estimated 17.9 million deaths each year.
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Advancements in new technology for novel product development for peripheral vascular and cerebrovascular therapies are expected to fuel the growth of the global vascular graft market during the forecast period.
Key Takeaways
- In terms of product type, the endovascular stent graft segment accounted for approximately 65% share of the global vascular graft market in 2021
- Based on source, the synthetic segment is anticipated to cross US$ 3.1 Bn by 2031
- In terms of application, the coronary artery disease segment held around 46% share of the global vascular graft market in 2021
- The hospitals segment is expected to account for 43% share of the global market by 2031. The segment is likely to expand at a CAGR of 5.8% from 2022 to 2031.
- In terms of region, North America accounted for 47% share of the global market in 2021. The market in the region is projected to grow at a rapid pace during the forecast period.
- The U.S. dominated the market in North America in 2022. The market in the country is anticipated to expand at a CAGR of 6.4% from 2022 to 2031.
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Competitive Landscape Outlook
The global vascular graft market is fragmented due to the presence of a large number of leading players. Key players operating in the global market include W. L. Gore & Associates, Inc., Maquet Holding B.V. & Co. KG (Getinge Group), BD, LeMaitre Vascular, Inc., B. Braun Melsungen AG, Cook Medical, Medtronic plc, Artegraft, Inc., Vascutek Ltd., Vascular Graft Solution Ltd., Heat Medical Europe BV, and CryoLife, Inc., and other prominent players.
Global Vascular Graft Market: Key Developments
- In November 2017, Vascular Flow Technologies signed a strategic intellectual property out-licensing agreement with Biovic, a Malaysia-based biomedical company, to develop the new Avatar Spiral Laminar Flow (SLF) vascular graft. Vascular Flow's SLF technology will be used to improve Biovic's existing Avatar ePTFE vascular graft as part of the strategic alliance.
- In January 2018, Secant Group, in collaboration with its sister company SanaVita Medical, announced the development of a synthetic, small-bore vessel that promotes endogenous regeneration, and new vessel formation to advance cardiovascular regenerative medicine
- In July 2021, Vascudyne, Inc. announced the successful first-in-human use of its TRUE Vascular Graft in end-stage renal disease patients necessitating hemodialysis access
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Global Vascular Graft Market: Segmentation
- Global Vascular Graft Market, by Product Type
- Endovascular Stent Graft
- Peripheral Vascular Graft
- Hemodialysis Access Graft
- Bypass Graft
- Others
Global Vascular Graft Market, by Source
- Synthetic
- Polytetrafluethylene (PTFE)
- Polyurethane (PU)
- Dacron
- Others
Biological
- Bovine Vein
- Saphenous Vein
- Others
Biosynthetic
- Ovine Collagen with Polyester
- Others
Global Vascular Graft Market, by Application
- Coronary Artery Bypass
- Aneurysm
- Vascular Occlusion
- Critical Limb Ischemia
- Renal Failure
- Others
Global Vascular Graft Market, by End-user
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratories
- Specialty Clinics
- Others
Global Vascular Graft Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East & Africa
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