What is Global Vascular Graft Market?
The Global Vascular Graft Market is a vast and dynamic sector that focuses on the production and distribution of vascular grafts. These are medical devices that are used to redirect blood flow from one area of the body to another. This redirection is often necessary in cases where a patient's blood vessels are blocked or damaged. The market for these devices is global in nature, meaning that it encompasses the production, distribution, and use of vascular grafts in all parts of the world. The value of this market was estimated to be US$ 1025.2 million in 2022. This figure is expected to increase to US$ 1372 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2029. This growth is driven by a variety of factors, including advancements in medical technology, an increase in the prevalence of cardiovascular diseases, and a growing awareness of the benefits of vascular grafts. The market is dominated by three main manufacturers: Getinge Group, Bard, and Terumo, which hold 15%, 13%, and 12% of the global production market share respectively.
ePTFE Vascular Graft, Polyester Vascular Graft, PTFE Vascular Graft, Others in the Global Vascular Graft Market:
The Global Vascular Graft Market is segmented into various types based on the material used in the graft. These include ePTFE Vascular Graft, Polyester Vascular Graft, PTFE Vascular Graft, and others. Each of these types has its own unique properties and uses. ePTFE Vascular Grafts, for example, are known for their flexibility and durability, making them ideal for use in complex vascular procedures. Polyester Vascular Grafts, on the other hand, are praised for their high tensile strength and biocompatibility, which reduces the risk of complications during surgery. PTFE Vascular Grafts are popular for their resistance to degradation and their ability to promote cell growth. Other types of grafts include those made from biological materials, such as veins or arteries from the patient's own body or from a donor. These grafts are often used in cases where synthetic grafts are not suitable or desired. Each of these types of grafts plays a crucial role in the Global Vascular Graft Market, contributing to its growth and diversity.
Cardiovascular Diseases, Aneurysm, Vascular Occlusion, Others in the Global Vascular Graft Market:
The Global Vascular Graft Market serves a wide range of applications, particularly in the treatment of cardiovascular diseases, aneurysms, vascular occlusions, and others. Cardiovascular diseases, which include conditions such as coronary artery disease and heart failure, often require the use of vascular grafts to restore normal blood flow. Aneurysms, which are bulges in the wall of a blood vessel, can also be treated with vascular grafts. These grafts can be used to bypass the aneurysm, reducing the risk of rupture. Vascular occlusions, which are blockages in the blood vessels, can also be treated with vascular grafts. These grafts can be used to bypass the blockage, restoring normal blood flow. Other applications of vascular grafts include the treatment of peripheral artery disease, kidney failure, and stroke. These diverse applications contribute to the growth and dynamism of the Global Vascular Graft Market.
Global Vascular Graft Market Outlook:
In summary, the Global Vascular Graft Market is a thriving and dynamic sector that is expected to grow significantly in the coming years. This growth is driven by advancements in medical technology, an increase in the prevalence of cardiovascular diseases, and a growing awareness of the benefits of vascular grafts. The market is dominated by three main manufacturers: Getinge Group, Bard, and Terumo, which hold 15%, 13%, and 12% of the global production market share respectively. The market is segmented into various types of grafts, each with its own unique properties and uses. These grafts are used in a wide range of applications, particularly in the treatment of cardiovascular diseases, aneurysms, vascular occlusions, and others.
| Report Metric | Details |
| Report Name | Vascular Graft Market |
| Accounted market size in 2023 | US$ 1071.9 million |
| Forecasted market size in 2029 | US$ 1372 million |
| CAGR | 4.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Getinge Group, Bard, Terumo, W. L. Gore, JUNKEN MEDICAL, B.Braun, LeMaitre, Shanghai Suokang, Shanghai Chest Medical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
