Vascular Bypass Market Growth Projected to Gain Significant Value by 2025
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- A vascular bypass is performed to redirect blood flow from one area to another by reconnecting blood vessels. The heart (coronary artery bypass surgery) and the legs are common bypass sites. Increasing prevalence of artery disease is expected to boost growth of the United States Vascular bypass market. For instance, according to the 2016 Heart Disease and Stroke Statistics update of the American Heart Association (AHA) reported that 15.5 million people in the U.S. suffer from coronary heart disease (CHD). Moreover, the lifetime risk of developing CHD with ?2 major risk factors is 37.5% for men and 18.3% for women in the U.S.
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Moreover, the risk of CHD increases with age. Therefore, increasing geriatric population is also expected to contribute to growth of the market over the forecast period. For instance, according to the U.S. Census Bureau, 21% of the U.S. population will be older than 65 years of age from 2030 compared to 15% in 2018. By 2060, nearly one in every four people in the U.S. will be 65 years and older. Cigarette smoking and exposure to tobacco smoke, physical inactivity, being overweight, and diabetes are some of the lifestyle factors that may lead to peripheral artery disease or CHD. For instance, according to National Center for Health Statistics at the Centers for Disease Control and Prevention (CDC), 39.6% of U.S. adults age 20 and older were obese as of 2015-2016 (37.9% for men and 41.1% for women). Moreover, according to CDC, in 2018, nearly 14 of every 100 U.S. adults aged 18 years or older (13.7%) smoked cigarettes, accounting for around 34.2 million adults.
Increasing initiatives to offer recovery programs for patients suffering from heart-related hospitalizations or cardiovascular procedures is also expected to boost growth of the United States Vascular bypass market. For instance, in February 2018, Allegheny Health Network's (AHN) Canonsburg Hospital launched a program to help patients recovering from heart-related hospitalizations or cardiovascular procedures and provide relief for people living with heart and lung diseases.
Key players in the market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in August 2018, Biocoat, Inc. partnered with Adam Spence, a Spectrum Plastics Group Company, to streamline the process of producing catheters used in vital vascular procedures such as angioplasty, bypass surgery, fluid drainage, and other essential treatments.
-- Increasing prevalence of coronary heart disease and peripheral artery disease is expected to boost growth of the United States Vascular bypass market
-- High incidence of lifestyle-associated diseases is also expected to augment the market growth
-- Major players operating in the United States Vascular bypass market include, Medtronic, LeMaitre Vascular, Cook Medical, W.L. Gore & Associates, Suokang Medical, Terumo, Getinge, Junken Medica, and Bard
Geographically, this report splits the United States market into seven regions:
-- The West
-- The Middle Atlantic
-- New England
-- The South
-- The Midwest
with sales (volume), revenue (value), market share and growth rate of Vascular Bypass in these regions, from 2014 to 2025 (forecast).
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United States Vascular Bypass market competition by top manufacturers/players, with Vascular Bypass sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
-- LeMaitre Vascular
-- Cook Medical
-- W.L. Gore & Associates
-- Suokang Medical
-- Junken Medica
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
-- Hemodialysis Access Graft
-- Endovascular Stent Graft
-- Peripheral Vascular
-- Coronary Artery By-pass Graft
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Vascular Bypass for each application, including
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