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(Medical-NewsWire.com, June 30, 2018 ) Growth in the vascular grafts market is mainly driven by the constant growth in the geriatric population and the corresponding prevalence of aneurysms, increasing incidence of end-stage renal disease, and the growing preference for minimally invasive surgeries.
The global vascular graft market is segmented by raw material, indication, end user, and regions. Based on raw material, the vascular grafts market is segmented into ePTFE grafts, polyester grafts, polyurethane grafts, and biosynthetic grafts. Polyester grafts are expected to dominate this market in 2017. Advantages such as the high patency, greater lifespan, and higher porosity of polyester grafts are majorly responsible for the high demand and adoption of polyester grafts among end users. This segment is also estimated to register the highest CAGR during the forecast period.
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By indication, the vascular graft market is categorized into endovascular aneurysm repair (EVAR), hemodialysis access, and peripheral vascular aneurysm. The EVAR segment is estimated to account for the largest share of the market in 2017 and is also expected to grow at the highest CAGR during the forecast period. The growth of this segment is mainly driven by the rising adoption of endovascular aneurysm repair surgical procedures, increasing preference for minimally invasive surgical procedures over open surgeries, and growing geriatric population.
Based on end users, the vascular graft market is segmented into hospitals and ambulatory surgical centers (ASCs). The hospitals segment dominated the market in 2017 and is expected to grow at the highest CAGR during the forecasted period. The high growth of this segment is attributed to factors such as the rising number of minimally invasive surgical procedures in hospitals and favorable reimbursement scenario for vascular grafts in most developed countries.
The global vascular graft market is dominated by North America, followed by Europe. North America will continue to dominate the global vascular grafts market during the forecast period. Factors such as the rising government initiatives and increasing healthcare expenditure and increasing research and development in the field of vascular grafts research are driving the growth of the market in this region.
The major players operating in this market are B. Braun (Germany), C. R. Bard (US), Cardinal Health (US), Cook Medical (US), Endologix (US), LeMaitre Vascular (US), Medtronic (Ireland), Maquet (Germany), Terumo (Japan), and Gore Medical (US).
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