About Vascular Graft
A vascular graft also is known as vascular bypass, is a surgical procedure that is performed to redirects blood flow from one area of the body to another by reconnecting the blood vessels. They are implanted in the patient with the blocked blood vessel in order to restore the normal flow of blood within the body. The vascular graft market is expected to rise owing to various factors such as the increase in hypertension, cardiovascular diseases and changing lifestyle as consumption of junk food, tobacco which leads to the blockage of blood vessels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Vascular Graft market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun (Germany), Medtronic (Ireland), C. R. Bard (United States), LeMaitre Vascular (United States), Cardinal Health (United States), Maquet (Germany), Cook Medical (United States), Endologix (United States), Gore Medical (United States) and Terumo (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Getinge Group, Bard, JUNKEN MEDICAL, Shanghai Suokang and Shanghai Chest Medical.
Segmentation Overview
AMA Research has segmented the market of Global Vascular Graft market by and Region.
On the basis of geography, the market of Vascular Graft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Polyester will boost the Vascular Graft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. EVAR (Abdominal Aneurysm Repair & Thoracic Aneurysm0 will boost the Vascular Graft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Vascular Graft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Biosynthetic Vascular Graft
Market Growth Drivers:
Growth in the Geriatric Population and the Associated Increase in the Prevalence of Aneurysm, Rising Occurrence of Diabetes, End-Stage Renal Disease, and Vascular Occlusion and Increasing Prevalence of Smoking
Challenges:
Dearth of Skilled Professionals in Developing Countries and Vascular Graft Infections
Restraints:
High Cost Associated with Vascular Graft Treatment, Product Failure and Recalls and Unfavorable Reimbursement Scenario
Opportunities:
Potential Growth in Emerging Countries and Increasing Awareness About the Vascular Grafts and Its Advantages
Market Leaders and their expansionary development strategies
In June 2020, LeMaitre Vascular, Inc. has acquired the business and assets of Artegraft, Inc. Under the terms of the deal, LeMaitre will continue to operate Artegraft’s manufacturing facility in North Brunswick, NJ for at least three and a half years and will retain most of Artegraft’s employees, including seven sales & marketing personnel.
In June 2023, Terumo Aortic announced in a press release the launch of the company’s global post-approval study (PAS) known as EXTEND for Thoraflex Hybrid, the only frozen elephant trunk (FET) device approved by the US Food and Drug Administration (FDA) for the treatment of patients with complex aortic arch disease.
The global population aged 60 years or over numbered 962 million in 2017. The number of older persons is expected to double again by 2050, when it is projected to reach nearly 2.1 billion.
Key Target Audience
Manufacturers and vendors of vascular grafts, Hospitals, Ambulatory surgical centers, Research associations related to vascular grafts, Various research and consulting firms, Distributors of vascular grafts, Vascular Surgeons, Cardiologists, Research institutes, Government bodies and Venture capitalists
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.