Vascular Graft Market Size By Raw Material (Polyester Grafts, EPTFE Grafts, Polyurethane Grafts, Biosynthetic Grafts), By Application (Endovascular Aneurysm Repair {Abdominal Aortic Aneurysm Repair, Thoracic Aortic Aneurysm Repair}, Peripheral Vascular Repair, Hemodialysis Access), By End-use (Hospitals, Ambulatory Surgical Centers), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jul 2021  |  Report ID: GMI2492  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 150   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Vascular Graft Market size was valued at over USD 2.1 billion in 2020 and is estimated to grow at more than 6% CAGR between 2021 and 2027. Rising pervasiveness of cardiovascular diseases and aortic aneurysms coupled with chronic kidney disease will boost the market growth during the forecast timeframe. Growing incidence of cardiac disorders is attributable to the adoption of a sedentary lifestyle along with unhealthy diet and alcohol abuse. High number of cardiovascular diseases will spur the market expansion of vascular graft in the coming years.
 

Vascular Graft Market Overview

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Vascular grafts are medical devices used in vascular bypass procedures to direct the blood flow from one area to another by reconnecting the blood vessels. There are different vascular grafts based on the indication and raw materials used for the graft to suit the host tissue. Further, these devices are widely used in endovascular aneurysm repair and hemodialysis access, among others.
 

The spread of COVID-19 pandemic across the globe has impacted the market negatively in 2020. Various companies witnessed a dip ranging from 5% to 15% in the sales of vascular graft products in 2020 due to the COVID-19 pandemic. This is attributed to increasing number of COVID-19 infections along with postponing of the non-essential surgical and non-invasive procedures. These procedures are not considered critical or life-saving procedures and hence, come under elective surgical procedures. In addition, several countries across the globe have restructured the healthcare system and re-prioritized the surgical procedures.
 

Increasing need for hemodialysis will propel the demand for vascular grafts product and drive the market progression

Growing need for hemodialysis will augment the demand for vascular graft products and fuel the industry growth. Rising number of end-stage renal disorders coupled with expanding patient pool suffering from chronic kidney disease will lead to increase in dialysis procedures across the world. Also, patients undergoing hemodialysis require well-functional arteriovenous graft for efficient hemodialysis procedure. For instance, according to the National Kidney Foundation report, approximately 785,883 Americans had kidney failure and needed dialysis or a kidney transplant to survive in 2018. Thus, growing burden of chronic kidney disease will lead to high number of hemodialysis procedure. Furthermore, rising incidences of cardiovascular diseases worldwide will further stimulate the demand for vascular grafts.
 

Lack of skilled personnel will slow down the vascular graft market value

Rapid technological innovations in the healthcare field have given rise to constant demand for highly skilled professionals. Understanding and effectively implementing innovative technologies is crucial while performing vascular bypass surgeries. Therefore, highly skilled personnel are required to serve the purpose in most efficient and effective way. However, there has been a continuous dearth of availability of skilled personnel in the industry. This has been strongly hindering the market growth and if not addressed soon will continue to restrain the industry expansion in the future. Absence of favorable reimbursement scenario in developing economies will hamper the industry demand during the forecast timeline.
 

High acceptance rate for minimally invasive surgical procedures will foster the demand for endovascular aneurysm repair

  Vascular Graft Market Size

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Endovascular aneurysm repair segment accounted for USD 938.8 million in 2020. High adoption rate for minimally invasive surgical procedures will influence the demand for endovascular aneurysm repair. Also, endovascular aneurysm repair offers cost-effective treatment to patients suffering from abdominal aortic aneurysm compared to open repair. Additionally, complications associated with open repair procedures will lead to higher usage of endovascular aortic repair, supplementing the segment growth of vascular graft.
 

Various advantages associated with polyester graft will drive the market revenue

Polyester grafts segment in the vascular graft market will reach USD 2.1 billion by 2027. Polyester graft has wide array of indications such as abdominal & thoracic aortic aneurysms, peripheral artery disorder, and hemodialysis access. Also, high demand is credited to its various benefits such as a long lifespan, high patency, porousness, and easy availability of the material. Increasing cardiovascular disease along with neurovascular disorders will have high impact on the polyester graft segment expansion.
 

Rising number of minimally invasive surgical procedures in hospital setting and favorable reimbursement scenario will boost the industry progression

Hospital segment dominated more than 62% of the market share in 2020 led by the increasing number of minimally invasive surgical procedures in hospital setting and favourable reimbursement scenario for vascular grafts in the U.S. Also, wide array of treatment options coupled with employment of advanced technologies leading to reduction in post-operative complications will fuel the segment value. Moreover, increasing government regulations to implement high quality patient care across the region will attract large patient pool in hospitals to seek treatments, thereby fostering the industry revenue. Furthermore, growing disease burden and rising healthcare investments across the globe will further impel the market demand for vascular graft.
 

North America dominated the overall market owing to rising incidence of cardia disorders

Global Vascular Graft Market  

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North America vascular graft market is poised to register growth of over 5.4% by 2027. Increasing incidence of cardiac disorders is credited to the acceptance of sedentary lifestyle along with unhealthy diet and alcohol abuse. For instance, high LDL cholesterol, smoking and high blood pressure are the three major factors responsible for causing cardiac disease and about 49% of the American population have at least one of the three key risk factors. Other medical condition and lifestyle choices such as diabetes, obesity, physical inactivity and excessive alcohol abuse further add to the risks of developing cardiac disorders. High prevalence of atherosclerosis and aortic aneurysms will escalate the demand for vascular bypass procedure, thereby propelling the industry value over the forecast timeframe.
 

Growth strategies of market players are focused on increasing the customer base

A few key companies functioning in the market are Becton Dickinson (C.R. Bard), B. Braun Melsungen, Cryolife (Jotec), Cook Medical, Endologix, and LeMaitre Vascular among others. These market leaders are focusing on several strategies such as acquisitions, partnerships, new product launches, mergers and collaborations to increase their customer base and revenue share in the market.
 

Recent industry developments:

  • In March 2021, Cook Medical received FDA breakthrough device designation for Zenith fenestrated endovascular graft. The product provides more effective treatment or diagnosis for life-threatening or irreversibly debilitating diseases or conditions. This strategy is expected to add value to its existing portfolio as well as generate revenue from its sales.
     
  • In March 2020, CryoLife, Inc., received CE Mark for the E-vita Open NEO, a hybrid stent graft system for the treatment of aortic arch disease. This strategy enabled company to outreach to untapped economies, thereby strengthening its market presence.   
     

The vascular graft market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Raw Material

  • Polyester Grafts 
  • EPTFE Grafts 
  • Polyurethane Grafts 
  • Biosynthetic Grafts

Market, By Application

  • Endovascular Aneurysm Repair
    • Abdominal Aortic Aneurysms Repair
    • Thoracic Aortic Aneurysm Repair
  • Peripheral Vascular Repair 
  • Hemodialysis Access

Market, By End-use

  • Hospitals
  • Ambulatory surgical centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
       

Frequently Asked Questions (FAQ) :

The vascular graft industry share exceeded USD 2.2 billion in 2020 and will grow at a CAGR of 6% from 2021 to 2027.
Market revenue from endovascular aneurysm repair was recorded at USD 938.8 million in 2020 and will grow owing to the high adoption rate for minimally invasive surgical procedures.
Polyester grafts could account for USD 2.1 billion through 2027 driven by an extensive array of indications comprising peripheral artery disorder, abdominal & thoracic aortic aneurysms, and hemodialysis access.
Hospitals held 62% of the market revenue in 2020 and will expand due to the surging number of minimally invasive surgical procedures and favorable reimbursement scenario for vascular grafts in the U.S.

Premium Report Details

  • Published Date: Jul 2021
  • Pages: 150
  • Tables: 205
  • Charts / Figures: 14
  • Companies covered: 10
  • Countries covered: 15

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