September 24, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Vascular Graft Market Growth 2019-2024’, the worldwide vascular graft market is predicted to exceed US $1070 million by the year 2024.
Vascular grafts are used to bypass or replace damaged, diseased or occluded blood vessels and to maintain function in large, medium or small diameter veins & arteries. Major factors accrediting to the robust growth of vascular graft market include growing prevalence of cardiovascular diseases like cardiac aneurysms, hypertension and coronary artery disease.
Though increasing instances of vascular occlusion, aneurysm and some other diseases are driving the demand of vascular grafts, but the yet-to-develop technology of some distinct material vascular graft will hamper the market growth to some extent in the upcoming years.
As per the report, vascular graft market was worth US $830 million in 2019 and is projected to increase at rate of 4.3% CAGR by the year 2024. The report also provides a comprehensive insight about market share overview, trends, challenges, opportunities, and drivers impacting the industry growth.
Considering the product type, the market is fragmented as polyester vascular graft, ePTFE vascular graft, PTFE vascular graft, and others. While speaking of the application spectrum, the market is segmented as aneurysm, cardiovascular diseases, vascular occlusion, and others. Based on the regional outlook, vascular graft market is divided into four major regions which are Europe, Americas, Middle East & Africa, and Asia Pacific.
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Moreover, vascular graft market in developed countries is presumed to prosper momentously as compared to other countries over the forecast period. The report cites that the leading organizations in the market are mostly situated in the United States. These companies have advanced equipment, better research & development capability, and are technically sound.
The prominent manufacturers/vendors operating in the worldwide vascular graft market include Shanghai Chest Medical, Getinge Group, Shanghai Suokang, Bard, LeMaitre, Terumo, B.Braun, JUNKEN MEDICAL, and W. L. Gore.