Unlocking Opportunities in the Vascular Grafts Market: Key Growth Trends and Forecast Insights
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What is the Growth Potential of the Vascular Grafts Market, and How Will It Perform by 2034?
In the past few years, the vascular grafts market has seen consistent growth. From $3.25 billion in 2024, it is anticipated to reach $3.38 billion by the end of 2025, with a compound annual growth rate (CAGR) of 4.0%. This rise in the historic period is linked to factors like the escalating incidences of cardiovascular diseases (CVDs), population growth among the elderly, robust economic expansion in developing markets, escalating healthcare expenses, and an increase in healthcare facilities.
The market size for vascular grafts is anticipated to witness steady expansion in the upcoming years. The market value is projected to reach $3.99 billion in 2029, with a compound annual growth rate (CAGR) of 4.3%. The growth during the forecast period can be accredited to the escalating numbers of kidney diseases, the surge in hypertension cases, inactive lifestyles, quick increase of elderly populace, diabetes surge, the rise in cardiovascular diseases (CVDs), and an upswing in healthcare expenditure. Primary trends during the forecast period encompass investment in cutting-edge technology to upgrade compliance with smaller vascular grafts, pouring funds in technologies like 3D cell printing for heightened safety and improved success rates, investment in cell-free vascular grafts, spending in monitoring technology like smart patches or self-monitoring devices, and investing in research and development for newer, innovative solutions to enhance patient care.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the vascular grafts Market?
The global vascular grafts market’s expansion is being fueled by the increasing occurrences of vascular illnesses. Research by the National Center for Biotechnology Information in the US reveals that cardiovascular diseases are the primary cause of mortality globally. The American Heart Association (AHA) states that the overall annual prevalence of myocardial infarctions in the US stands at roughly 7.9 million, with the estimated yearly heart attack incidence being 720,000 fresh attacks and 335,000 repeat attacks. According to NHS Inform, Scotland’s national health service, there are approximately 20,000 coronary bypass graft procedures conducted annually in England. Hence, the heightened frequency of vascular diseases is forecasted to propel the global vascular grafts market.
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Who Are the Major Companies Shaping the Competitive Landscape of the Vascular Grafts Market?
Major companies operating in the vascular grafts market include:
• B. Braun Melsungen AG_x000D_
• Abbott Laboratories_x000D_
• Becton Dickinson and Company_x000D_
• Cardinal Health Inc._x000D_
• W. L. Gore & Associates Inc._x000D_
What Are the Key Emerging Trends in the Vascular Grafts Market for the Next Decade?
Technological advancements are receiving significant investments from firms in the vascular grafts market for the creation of cutting-edge vascular grafts, which also includes tailored variants. For instance, Terumo Aortic has recently introduced RelayPro, a thoracic stent graft system. This low-profile device caters to patients having smaller access vessels, particularly utilized in thoracic endovascular aortic repair (TEVAR). It provides an array of diameters, lengths, tapers, and proximal configurations to medical practitioners. The device comes in both bare stent and non-bare stent (NBS) versions and can be specifically tailored to suit the anatomical requirements of each patient.
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How Are Market Segments in the Vascular Grafts Industry Positioned for Long-Term Growth?
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
Subsegments:
1) Hemodialysis Access Graft: Synthetic Grafts, Biological Grafts
2) Endovascular Stent Graft: Aneurysm Stent Grafts, Thoracic Stent Grafts, Abdominal Stent Grafts
3) Peripheral Vascular Graft: Synthetic Grafts, Biological Grafts
4) Coronary Artery Bypass Graft (Cabg): Arterial Grafts, Venous Grafts
Which Regions Are Making a Mark in the Vascular Grafts Market Growth?
North America was the largest region in the vascular grafts market in 2024. Western Europe was the second largest region in the vascular grafts market report. The regions covered in the vascular grafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Vascular Grafts Market Categorized and Defined in the Industry?
The vascular grafts are used to repair the diseased or blocked blood vessel during the surgical procedure called vascular grafting or vascular bypass. Vascular grafting is performed to bypass a partial or complete blockage in an artery by reconnecting the blood vessels. This process improves the blood flow by redirecting blood from one area of the body to another.
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