Global Vascular Graft Market Analysis & Outlook (2018-2023) by Source, Indication, End-User and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Global Vascular Graft Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Global vascular graft market is projected to witness a CAGR of 6.52% over the forecast period of 2017-2023.
Rising Prevalence of the Cardiac Diseases and Coronary Artery Diseases to Boost the Market
The growth in the market may be attributed to the rising prevalence of cardiac diseases, coronary artery diseases, hypertension, renal diseases and cardiac aneurysms. As per data by WHO, around 17.7 million people die each year from Cardiovascular Diseases, constituted nearly 31% of the global mortality rate. Rising geriatric population will further augment the growth of the market during the forecast period.
Unhealthy lifestyle and factors such as rising adoption of the smoking and drinking habits have also increased the risk of diabetes and coronary artery diseases, thereby increasing the requirements of vascular grafts and providing ample opportunities for the companies to enter the market.
Advancements in graft materials and introduction of biomaterials will also significantly bolster the market growth during the forecast period. However, high procedure cost and complications associated with surgeries such as bleeding, arrhythmias and infection might restrain the vascular graft market growth during the forecast period.
North America to Dominate the Market
Geographically, North America is expected to dominate the market owing to the high number of lifestyle related diseases, specifically hypertension and coronary artery diseases. According to statistics released by the American Heart Association, approximately 84 million people in the U.S. suffer from some form of cardiovascular disease, causing about 2,200 deaths a day. Presence of skilled workforce, favorable reimbursement policies and proper healthcare infrastructure will further boost the market in the region.
Asia Pacific is expected to show the fastest growth owing to the rising number of patients suffering from cardiovascular diseases and improving healthcare facilities in the region.
By SourceSynthetic Semi Synthetic Natural
By IndicationCardiovascular Diseases Renal Diseases Aneurysms Others
By End-UserHospitals Ambulatory Surgical Centres
By GeographyNorth America South America Europe Middle East and Africa Asia Pacific
Key Topics Covered
2. Research Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Global Vascular Graft Market Forecast by Source
6. Global Vascular Graft Market Forecast by Indication
7. Global Vascular Graft Market Forecast by End-User
8. Global Vascular Graft Market Forecast by Geography
9. Competitive Intelligence
10. Company ProfilesHancock Jaffe Laboratories Inc. Vascutek Ltd. MAQUET Holding B.V. & Co. KG W. L. Gore & Associates Vascular Flow Technologies C. R. Bard Inc. Artegraft Inc. Vascular Genesis B. Braun Melsungen AG LeMaitre Vascular Inc.
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Related Topics:Cardiovascular Devices
INDUSTRY KEYWORD: HEALTH CARDIOLOGY MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 06:13 AM/DISC: 12/03/2018 06:13 AM