Selbyville, DE -- (SBWIRE) -- 11/16/2018 -- Vascular Graft Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
U.S. demographics suggest that about 32% of the U.S. population is aged 50 years and above. Rising number of elder people will lead to increasing burden of cardiovascular diseases. Growing burden of cardiovascular diseases will favor market growth. Favorable healthcare and reimbursement policies coupled with technological advancements will promote market growth in the future.
Increasing technological advancements for development of innovative vascular grafts will favor market growth. For instance, Terumo recently launched RelayPro Thoracic Stent Graft System. Its innovative design and dual sheath technology meet specific anatomical needs of patients.
Increasing demand for vascular grafts will lead to market growth during the projected timeframe. Global Vascular Graft Market will exceed USD 3.6 billion by 2024; as per a new research report.
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High demand is attributable to increase in number of cardiac surgeries and hemodialysis procedure. Aging population coupled with unhealthy lifestyle will drive the need for cardiac surgical procedures. This will positively impact demand for vascular grafts, thereby fostering industry growth during the forecast period.
Polyester graft segment accounted for largest revenue of USD 1,457.3 million in 2017. Easy availability and wide array of applications are major factors for its growth. High material compatibility and technological advancements for optimizing polyester vascular grafts will further aid segmental growth in the future.
Endovascular aneurysm repair segment is expected to grow at the rate of 7.0%, owing to increasing influence of minimally invasive therapies. Endovascular aneurysm repair offers advantage of single session cardiovascular surgery. This decreases the overall therapy cost and reduces time spent in hospital, thereby fostering revenue growth.
Hospital segment accounted for largest revenue of USD 1,535.7 million in 2017. Growth is credited to higher number of individuals seeking cardiovascular surgeries and hemodialysis procedures in hospitals. Growing patient pool coupled with introduction of innovative surgical procedures will render positive impact on business growth during the forecast timeframe.
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China dominated Asia Pacific region with market share of 48.1% in 2017, owing to increasing incidence of end-stage renal disease. Increasing prevalence of end-stage renal disease is attributable to unhealthy diet and lifestyle associated chronic diseases such as obesity and hypertension. High pervasiveness of end-stage renal disease will lead to increased demand for hemodialysis, favoring regional growth in the forecast timeline.
Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to strengthen market position. For instance, in September 2017, Endologix announced collaboration with Japan Lifeline for development and distribution of novel endovascular stent grafts. This collaboration will enable the company to expand its geographic reach and broaden its product portfolio for long-term growth in future.
Table of Content:
Chapter 1. Vascular Graft Market Methodology and Scope
Chapter 2. Vascular Graft Market Executive Summary
Chapter 3. Vascular Graft Market Industry Insights
Chapter 4. Vascular Graft Market, By Raw Material
Chapter 5. Vascular Graft Market, By Application
Chapter 6. Vascular Graft Market, By End-use
Chapter 7. Vascular Graft Market, By Region
Chapter 8. Vascular Graft Market Company Profiles
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Related Report:
United States Man-made Vascular Graft Market by Manufacturers, States, Type and Application, Forecast to 2023
Man-made Vascular Grafts are used to replace, bypass or maintain function of damaged, occluded or diseased blood vessels in small, medium and large diameter.
https://www.marketstudyreport.com/reports/united-states-man-made-vascular-graft-market-by-manufacturers-states-type-and-application-forecast-to-2023?utm_source=RR-SP
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