MARKET OVERVIEW
A vascular graft is a surgical device used to replace or bypass a damaged or blocked blood vessel. Vascular grafts treat various conditions, including peripheral artery disease, aortic aneurysms, and deep vein thrombosis. The increasing incidence of cardiovascular diseases, the growing aging population, and technological advancements in vascular grafts drive the global vascular grafts market. Additionally, an increasing number of minimally invasive surgical procedures and approvals for new products are also driving the market growth.
MARKET SCOPE
The "Global Vascular Grafts Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vascular grafts market with detailed market segmentation by type, material, end user, and geography. The report provides key statistics on the market status of the leading vascular grafts market players and offers key trends and opportunities in the vascular grafts market.
MARKET SEGMENTATION
- Based on type, the global vascular grafts market is segmented into endovascular stent graft, hemodialysis access graft and peripheral vascular graft.
- Based on material, the vascular grafts market is bifurcated into polyester, ePTFE, polyurethane, biosynthetic.
- Based on end user, the vascular grafts market is bifurcated into hospital, ambulatory surgery center.
MARKET DYNAMICS
Drivers
- Increase in the success rates of by-pass surgeries
- Growing adoption of minimally invasive surgeries
- New market players are entering the market owing to the technological advancement of products
Restraints
- Low reimbursement and high out-of-pocket expenditure in developing economies
- Product Failures and Recalls
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vascular grafts market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vascular grafts market in these regions.
IMPACT OF COVID-19 ON VASCULAR GRAFTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the vascular grafts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vascular grafts market are anticipated to lucrative growth opportunities in the future with the rising demand for vascular grafts in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vascular grafts market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B Braun Melsungen AG
- Medtronic
- Terumo Medical Corporation
- Cook Medical
- BD (C. R. Brad, Inc.)
- Cardinal Health, Inc.
- Endologix, Inc.
- LeMaitre Vascular Inc.
- W. L. Gore & Associates, Inc.
- Merit Medical