Global Vascular Graft Market Size By Product Type, By Application, By End User, By Geographic Scope And Forecast

Report ID: 27914|No. of Pages: 202

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Global Vascular Graft Market Size By Product Type, By Application, By End User, By Geographic Scope And Forecast

Report ID: 27914|Published Date: Mar 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Vascular Graft Market Size And Forecast

Vascular Graft Market size was valued at USD 4.58 Billion in 2023 and is projected to reach USD 6.08 Billion by 2030, growing at a CAGR of 8.38% during the forecast period 2024-2030.

Vascular Graft Market is estimated to grow at a CAGR of 8.38% & reach US$ 6.08 Bn by the end of 2030

Global Vascular Graft Market Drivers

The market drivers for the Vascular Graft Market can be influenced by various factors. These may include:

  • Cardiovascular Disease (CVD) Prevalence: One major factor propelling the market for vascular grafts is the rising prevalence of cardiovascular illnesses such aneurysms, peripheral artery disease, and coronary artery disease. The need for vascular grafts increases in tandem with the frequency of surgical operations necessary to treat these disorders.
  • Aging Population: As a result of a movement in global demography toward an aging population, cardiovascular disorders are becoming more common. Conditions like atherosclerosis and aneurysms, which frequently require vascular graft surgeries, are more common in older people.
  • Technological Developments: Vascular graft materials, designs, and manufacturing methods are always evolving, which drives market expansion. Vascular graft adoption rates are boosted by innovations like drug-eluting grafts, bioengineered grafts, and minimally invasive surgical methods, which improve the vascular grafts’ longevity and efficacy.
  • Growing Number of Surgical Procedures: The need for vascular grafts is fueled by the growing number of vascular operations carried out globally, such as peripheral artery bypass, coronary artery bypass grafting (CABG), and vascular access procedures for hemodialysis patients.
  • Preference for Minimally Invasive Procedures: Minimally invasive surgical procedures are becoming more and more popular in vascular operations. Vascular grafts appropriate for minimally invasive operations are in high demand since they provide advantages such shortened recovery times, decreased risk of complications, and better patient outcomes.
  • Developing Healthcare Infrastructure: Better access to surgical procedures and cardiovascular treatment is a result of improvements in healthcare infrastructure, especially in developing nations. In areas where the infrastructure for healthcare is developing, the demand for vascular grafts is driven by this greater accessibility.
  • Policies for reimbursement and the regulatory environment: Adopting improved vascular grafts is encouraged by favorable regulatory frameworks and reimbursement policies for vascular procedures and related devices. Efficient regulatory frameworks and sufficient compensation promote market expansion by incentivizing research and development expenditures.

Global Vascular Graft Market Restraints

Several factors can act as restraints or challenges for the Vascular Graft Market. These may include:

  • Expensive Procedures: Vascular graft operations can be costly, whether they are performed for bypass operations or other vascular interventions. The graft itself, surgical supplies, hospital stay, and post-operative care are all included in this price. The high expense can prevent certain patients from having access to these operations, especially in areas with little insurance or healthcare resources.
  • Risk of Complications: Even with improvements in surgical methods and vascular graft technology, problems can still arise. Graft rejection, infection, thrombosis, and failure are possible outcomes. Patients and medical professionals may be discouraged from undergoing vascular graft procedures due to worries about possible complications, particularly when there are other options for therapy.
  • Scarce Supply of Qualified Surgeons: Vascular graft procedures call for certain education and experience. There might not be as many vascular surgeons available in some areas who are qualified and experienced to carry out these treatments. Growth in the market may be impeded by this restriction on access to vascular graft procedures.
  • Durability and Extended Life Concerns: A number of variables, including material composition, design, and patient-specific traits, might affect how long-lasting and effective vascular grafts are. Concerns over the durability of grafts and the necessity of prospective follow-up procedures could impact treatment choices and restrict market expansion.
  • Regulatory Obstacles: Health authorities in many nations have the authority to oversee the regulation of vascular grafts as medical devices. It can take a lot of time and money for manufacturers to comply with regulatory standards, such as getting approvals or certifications for new items or revisions. Market introduction of novel graft technologies could be impeded by regulatory obstacles.
  • Competition from Alternative Therapies: Vascular grafts may face competition from alternative therapies for vascular disorders, including medication, lifestyle changes, or endovascular operations. Less invasive or less expensive methods may be chosen by patients and healthcare professionals, especially in situations when the dangers of vascular grafts outweigh the benefits or where the advantages are unclear.
  • Legal and Ethical Issues: The use of vascular grafts may give rise to legal and ethical issues, especially when it comes to using synthetic materials that may have long-term health effects or obtaining graft materials from human donors. Discussions on law and ethics may affect how the general public views and accepts vascular grafts.

Global Vascular Graft Market Segmentation Analysis

The Global Vascular Graft Market is Segmented on the basis of Product Type, Application, End User, And Geography.

Vascular Graft Market Segmentation Analysis

Vascular Graft Market, By Product Type

  • Endovascular Aneurysm Repair (EVAR) Grafts: Abdominal aortic aneurysms are treated with endovascular aneurysm repair (EVAR) grafts, which are performed during minimally invasive operations.
  • Peripheral Vascular Grafts: A therapy for peripheral arterial disease used in bypass procedures.
  • Hemodialysis Access Grafts: Used to provide renal failing patients with access for hemodialysis treatments.
  • Coronary Artery Bypass Grafts (CABG): Used to bypass obstructive coronary arteries during heart surgery.

Vascular Graft Market, By Application

  • Aneurysm repair: focuses on treating peripheral or aortic aneurysms.
  • vascular occlusion repair: Resolving obstructions or occlusions in blood arteries is known as vascular occlusion repair.
  • Hemodialysis Access: Enabling renal failing patients to receive dialysis treatments.
  • Coronary Artery Bypass Surgery: Helping patients with coronary artery disease receive more blood to their heart muscles.

Vascular Graft Market, By End User

  • Hospitals and Clinics: Vascular grafts are widely used in hospitals and clinics for a variety of surgical procedures.
  • Ambulatory Surgical Centers (ASCs): Ambulatory Surgical Centers, or ASCs, are becoming more and more common for outpatient vascular procedures.
  • Specialty Centers: Dedicated facilities that specialize in vascular surgery, particularly in intricate situations.

Vascular Graft Market, By Geography

  • North America: Market conditions and demand in the United States, Canada, and Mexico.
  • Europe: Analysis of the Vascular Graft Market in European countries.
  • Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa: Examining market dynamics in the Middle East and African regions.
  • Latin America: Covering market trends and developments in countries across Latin America.

 Key Players

The major players in the Vascular Graft Market are:

  • Medtronic plc
  • C.R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company)
  • Terumo Corporation
  • Cook Medical Inc. (a subsidiary of Cook Group Incorporated)
  • W. L. Gore & Associates, Inc.
  • LeMaitre Vascular, Inc.
  • Endologix, Inc.
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • MAQUET Holding B.V. & Co. KG (a subsidiary of Getinge AB)

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Medtronic plc, C.R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company), Terumo Corporation, Cook Medical Inc. (a subsidiary of Cook Group Incorporated), W. L. Gore & Associates, Inc., LeMaitre Vascular, Inc., Endologix, Inc., B. Braun Melsungen AG.

SEGMENTS COVERED

By Product Type, By Application, By End User, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions

Vascular Graft Market was valued at USD 4.58 Billion in 2023 and is projected to reach USD 6.08 Billion by 2030, growing at a CAGR of 8.38% during the forecast period 2024-2030.

The Vascular Graft Market is propelled by growing prevalence of cardiovascular diseases, rising demand for minimally invasive procedures, and advancements in graft materials and techniques.

The major players in the global Vascular Graft Market are Medtronic plc, C.R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company), Terumo Corporation, Cook Medical Inc. (a subsidiary of Cook Group Incorporated), W. L. Gore & Associates, Inc., LeMaitre Vascular, Inc., Endologix, Inc., B. Braun Melsungen AG.

The Global Vascular Graft Market is segmented on the basis of Product Type, Application, End User, And Geography.

The sample report for the Vascular Graft Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Vascular Graft Market, By Product Type
• Endovascular Aneurysm Repair (EVAR) Grafts
• Peripheral Vascular Grafts
• Hemodialysis Access Grafts
• Coronary Artery Bypass Grafts (CABG)

5. Vascular Graft Market, By Application
• Aneurysm repair
• vascular occlusion repair
• Hemodialysis Access
• Coronary Artery Bypass Surgery

6. Vascular Graft Market, By End User
• Hospitals and Clinics
• Ambulatory Surgical Centers (ASCs)
• Specialty Centers

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Medtronic plc
• C.R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company)
• Terumo Corporation
• Cook Medical Inc. (a subsidiary of Cook Group Incorporated)
• W. L. Gore & Associates, Inc.
• LeMaitre Vascular, Inc.
• Endologix, Inc.
• B. Braun Melsungen AG
• Cardinal Health, Inc.
• MAQUET Holding B.V. & Co. KG (a subsidiary of Getinge AB)

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Vascular Graft Market

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