Global
vascular graft market is expected to reach USD 3,626 million by 2022, according
to a new study by Grand View Research, Inc. Key factors attributing to its rapid
growth include increasing prevalence of cardiovascular diseases coupled with
the development of technological advanced novel tissue engineered biomaterial
based vascular graft.
Furthermore,
rising healthcare expenditure, favorable reimbursement policies and advanced
technological facilities, are expected to positively reinforce vascular graft
market growth over the next seven years.
Vascular
graft market is segmented on the basis of type of raw material that includes
polyester, polytetrafluoroethylene, polyurethane and biological materials.
Biological materials are further classified as human saphenous & umbilical
veins and tissue engineered materials. Key factors attributing to rapidly
growing demand for biomaterial based graft are higher acceptability of these
graft in human body and reduced risk of post surgery complication associated
with tissue engineered and human saphenous vein based graft.
Rising
demand for biomaterial vascular graft and technological advancements pertaining
to novel product development such as Nellix and Fortevo will boost usage rates
over the forecast period.
Key
applications analyzed in the report include cardiovascular diseases, aneurysm,
kidney failure, vascular occlusion and diabetes. Key factors driving the market
growth include increasing geriatric population base which is highly prone to
cardiac disorders and unhealthy lifestyle habits such as alcohol consumption
& smoking.
Vascular
graft industry is further segmented on the basis of products that include
hemodialysis access graft, endovascular stent graft, peripheral vascular graft
and coronary artery bypass graft. High volume of EVAR procedures is a high
impact rendering driver attributing for the large share of endovascular stent
graft.
Read Sample report of this Category: http://www.radiantinsights.com/catalog/medical-devices
Further key findings from the study
suggest:
In
2014, North America held majority of market share of nearly 50% owing to the
presence of advanced healthcare infrastructure, high level collaboration
between the research organizations and major manufacturers of vascular stent
graft. Furthermore, increasing adoption of technological advanced products such
as to improve patient care followed by new discoveries of specific tissue
engineered vascular graft is anticipated to heighten the demand for vascular
graft in the coming seven years.
Asia
Pacific is expected to be the fastest growing region growing at a CAGR of
nearly 10% during the forecast period. Key factors attributing to its rapid
growth include rapid development of healthcare research facilities in the
region, favorable government initiatives such as the "Make In India"
to encourage big players operating in vascular graft market to establish their
manufacturing facilities in the region and rising incidences of target diseases
such as cardiovascular and kidney disorders.
Key
players operating in vascular graft market include Medtronic Plc., LeMaitre
Vascular Inc., W.L. Gore & Associates, Inc., Cook Medical, Terumo Medical
Corporation and Bard Peripheral Vascular Inc.
About Radiant Insights
Radiant
Insights is a platform for companies looking to meet their market research and
business intelligence requirements. We assist and facilitate organizations and
individuals procure market research reports, helping them in the decision
making process. We have a comprehensive collection of reports, covering over 40
key industries and a host of micro markets. In addition to over extensive
database of reports, our experienced research coordinators also offer a host of
ancillary services such as, research partnerships/ tie-ups and customized
research solutions.
For More Information, Visit Radiant Insights
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Blog URL: http://www.radiantinsightsinc.blogspot.com
No comments:
Post a Comment