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Vascular Graft Market Projected to Reach USD 6.5 Billion by 2032.

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Presentation on theme: "Vascular Graft Market Projected to Reach USD 6.5 Billion by 2032."— Presentation transcript:

1 Vascular Graft Market Projected to Reach USD 6.5 Billion by 2032

2  Industry Insights The Vascular Graft Market is expected to experience significant growth through 2032, driven by the rising prevalence of chronic kidney diseases in developing nations. Credible reports indicate that chronic kidney disease affects more than 10% of the global population, impacting over 800 million people worldwide. Moreover, continuous innovations in vascular grafts will further fuel market expansion. For example, in 2022, researchers from the University of Waterloo developed a method to modify synthetic vascular grafts using seaweed. The seaweed-based material, fucoidan, is projected to improve outcomes in bypass surgeries. The vascular graft market is broadly categorized based on raw material, application, end-user, and region. The Vascular Graft Market is expected to experience significant growth through 2032, driven by the rising prevalence of chronic kidney diseases in developing nations. Credible reports indicate that chronic kidney disease affects more than 10% of the global population, impacting over 800 million people worldwide. Moreover, continuous innovations in vascular grafts will further fuel market expansion. For example, in 2022, researchers from the University of Waterloo developed a method to modify synthetic vascular grafts using seaweed. The seaweed-based material, fucoidan, is projected to improve outcomes in bypass surgeries. The vascular graft market is broadly categorized based on raw material, application, end-user, and region.

3 In terms of raw material, the polyester graft segment is poised to achieve substantial gains by the end of 2032. The growing use of polyester grafts in healthcare facilities is expected to drive this segment's growth. High patency rates, longer lifespan, and easy availability are some of the key benefits that are likely to boost the adoption of polyester grafts in the coming years. From an application standpoint, the haemodialysis access segment is forecasted to register a CAGR of over 7% through 2032. The rising prevalence of ESRD (end-stage renal disease) and the increasing burden of CKD (chronic kidney disease) are key factors contributing to this growth. Arteriovenous (AV) grafts, frequently used for haemodialysis, offer several advantages, such as being a solution for patients with small or weak veins and becoming usable within 2-4 weeks post-placement. Additionally, AV graft surgery is an outpatient procedure, allowing for quicker recovery. The growing popularity of minimally invasive procedures is also expected to boost demand for haemodialysis access. Regarding end-use, the "others" segment, which includes academic hospitals and research institutions, accounted for a revenue share of USD 337.5 million in 2022. The expansion of this segment is likely to be driven by increasing R&D efforts and investments aimed at providing the best treatments in these organizations. In terms of raw material, the polyester graft segment is poised to achieve substantial gains by the end of 2032. The growing use of polyester grafts in healthcare facilities is expected to drive this segment's growth. High patency rates, longer lifespan, and easy availability are some of the key benefits that are likely to boost the adoption of polyester grafts in the coming years. From an application standpoint, the haemodialysis access segment is forecasted to register a CAGR of over 7% through 2032. The rising prevalence of ESRD (end-stage renal disease) and the increasing burden of CKD (chronic kidney disease) are key factors contributing to this growth. Arteriovenous (AV) grafts, frequently used for haemodialysis, offer several advantages, such as being a solution for patients with small or weak veins and becoming usable within 2-4 weeks post-placement. Additionally, AV graft surgery is an outpatient procedure, allowing for quicker recovery. The growing popularity of minimally invasive procedures is also expected to boost demand for haemodialysis access. Regarding end-use, the "others" segment, which includes academic hospitals and research institutions, accounted for a revenue share of USD 337.5 million in 2022. The expansion of this segment is likely to be driven by increasing R&D efforts and investments aimed at providing the best treatments in these organizations.

4  Regional Analysis Geographically, the North American vascular graft market is expected to witness notable growth between 2023 and 2032. The rising incidence of cardiovascular diseases (CVDs) in the region will be a major growth driver. According to CDC data, one person in the U.S. dies every 34 seconds due to CVDs. Additionally, unhealthy lifestyles, poor dietary choices, and alcohol consumption will further elevate the number of vascular disease cases. The adoption of advanced vascular grafts for treating aortic aneurysms and performing vascular bypasses is anticipated to further support regional market expansion.  Competitive Analysis  Becton  Endologix LLC.  B. Braun SE  Artivion, Inc.  Dickinson & Company  Cook Medical  Terumo Corporation  Medtronic  Merit Medical  Getinge AB  Becton  Endologix LLC.  B. Braun SE  Artivion, Inc.  Dickinson & Company  Cook Medical  Terumo Corporation  Medtronic  Merit Medical  Getinge AB

5 Biotechnology Instruments Market @ https://www.gminsights.com/industry- analysis/vascular-graft-markethttps://www.gminsights.com/industry- analysis/vascular-graft-market Biotechnology Instruments Market @ https://www.gminsights.com/industry- analysis/vascular-graft-markethttps://www.gminsights.com/industry- analysis/vascular-graft-market Request for sample of this research report @ https://www.gminsights.com/request- sample/detail/2492https://www.gminsights.com/request- sample/detail/2492 Request for sample of this research report @ https://www.gminsights.com/request- sample/detail/2492https://www.gminsights.com/request- sample/detail/2492 Request for customization @ https://www.gminsights.com/roc/2492https://www.gminsights.com/roc/2492 Request for customization @ https://www.gminsights.com/roc/2492https://www.gminsights.com/roc/2492

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