Vascular Grafts Market: Key Insights
The vascular grafts market is estimated to grow significantly in the forecasted years, driven by several key factors. Firstly, the increasing incidence of cardiovascular diseases such as peripheral artery disease, aortic aneurysms, and deep vein thrombosis is driving market growth. These diseases often require surgical intervention, which is driving the demand for vascular grafts.
Secondly, the growing aging population is also driving the growth of the vascular grafts market. As people become older, they are more likely to develop conditions that require vascular grafts. Additionally, the increasing adoption of minimally invasive surgical procedures is also driving the growth of the vascular grafts market. Minimally invasive procedures are less invasive and have a shorter recovery time, which is driving the adoption of these procedures.
On the other hand, the cost of vascular grafts, the lack of trained professionals in the field, and the risk of complications associated with the use of vascular grafts are some of the factors that may hinder the market growth.
Growing Adoption of Minimally Invasive Surgeries to Drive Vascular Grafts Market
Minimally invasive surgery is a surgical technique that includes making small incisions in the body and using specialized instruments to repair or remove damaged or diseased tissue.
Firstly, minimally invasive surgeries are less invasive and have a shorter recovery time than traditional open surgeries. This is driving the adoption of minimally invasive procedures, as patients prefer less invasive procedures with shorter recovery times. This increases the demand for vascular grafts as they are commonly used in minimally invasive procedures.
Secondly, using minimally invasive procedures also reduces the risk of complications associated with open surgeries. Minimally invasive procedures are associated with fewer complications such as infection, bleeding, and scarring. This is driving the adoption of these procedures and increasing the demand for vascular grafts. Furthermore, developing new and innovative vascular grafts more suitable for minimally invasive procedures is also expected to increase the adoption of these procedures. This will further drive market growth.
Vascular Grafts Market: Segmental Overview
The global vascular grafts market is segmented based on type, material, and end user. 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 global vascular grafts market is bifurcated into polyester, ePTFE, polyurethane, and biosynthetic. Based on end user, the global vascular grafts market is bifurcated into hospital and ambulatory surgery centers.
Based on type, the endovascular stent graft segment held a substantial share of the global vascular grafts market. Endovascular stent grafts are devices used to treat various conditions, including peripheral artery disease and aortic aneurysms. Firstly, the increasing adoption of endovascular stent grafts drives the segment's growth. Endovascular stent grafts are inserted through a catheter, which is passed through a small incision in the groin or arm. This is less invasive and has a shorter recovery than traditional open surgeries. This drives the adoption of endovascular stent grafts and increases the demand for these products.
Secondly, developing new and innovative endovascular stent grafts drives the segment's growth. New endovascular stent grafts are designed to be more comfortable and easier to use, increasing the adoption of these products. New endovascular stent grafts are also designed to be more durable, increasing the demand for these products.
Vascular Grafts Market: Competitive Landscape and Key Developments
B Braun Melsungen AG; Medtronic; Terumo Medical Corporation; Cook Medical; BD (C. R. Bard, Inc); Cardinal Health, Inc.; Endologix, Inc; LeMaitre Vascular Inc; W. L. Gore & Associates, Inc., and Merit Medical are among the key players operating in the vascular grafts market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve many customers and expand the market.
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