Vascular Graft Market Analysis

Vascular Graft Market Analysis

With respect to raw material, the vascular graft market is divided into biosynthetic grafts, EPTFE grafts, polyester grafts, and polyurethane grafts. The EPTFE grafts segment held over 28% market share in 2022. Due to their higher porosity and greater pliability, these grafts are highly preferred for hemodialysis access. Furthermore, the advancements in EPTFE graft technology are also shaping the segment outlook.
 

Based on end-use, the vascular graft market is segregated into ambulatory surgical centers, hospitals, and others. The hospitals segment clocked more than USD 1.5 billion in valuation in 2022. The improved patient management and favorable hospital reimbursement policies are set to boost hospital revenue share through the forecast period. To cite an instance, the Centers for Medicare & Medicaid Service’s hospital-acquired condition reduction program supports hospitals to improve patient safety and manage implications associated with health care at hospitals.
 

In terms of application, the vascular graft market is classified into endovascular aneurysm repair, peripheral vascular repair, and hemodialysis access. The market size from the endovascular aneurysm repair segment was recorded at more than USD 1 billion in 2022. Endovascular aneurysm repair (EVAR) is gaining popularity due to its low cost, short hospital stays, low risks, and growing adoption rate of minimally invasive surgical procedures. According to a decision aid study, patients preferred the EVAR procedure over open repair due to its low perioperative mortality and less invasive nature.
 

Asia Pacific vascular graft market is slated to progress at over 9% CAGR from 2023 to 2032. The region's growing geriatric population has augmented the demand for minimally invasive vascular surgeries, boosting the regional market statistics. As per the Economic and Social Commission for Asia and the Pacific (ESCAP) survey report, there are over 630 million people aged above 60, which is estimated to reach 1.3 billion by 2050 in the Asia Pacific.