Vascular Graft Market Size

Vascular Graft Market Size

Vascular Graft Market size was valued at more than USD 2.5 billion in 2022. Driven by technological improvements in vascular grafting, the industry is expected to grow at over 8% CAGR between 2023 and 2032.

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The growing geriatric population across the globe is projected to boost market progress. Numerous age-related ailments, including cardiovascular disease and hypertension, are closely correlated with increasing age. Elderly people are also more prone to suffer from abdominal aortic aneurysms (AAA).

Technological advancements in developed countries are another substantial factor driving the vascular graft market expansion. The growing conventional grafts failure has encouraged developments in minimally invasive, biomaterial-based vascular grafts. Additionally, leading companies are focusing on human-like vascular grafts vessels that are thrombus-resistant, biocompatible, and hemocompatible.

Dearth of skilled professionals may restrain industry progression

The lack of skilled personnel in developing countries is a major factor restraining the market development. The vascular grafting sector is consistently struggling with a lack of skilled professionals despite the fact that they are required to ensure effective and efficient procedural success. According to the Cardiologists Society of India (CSI), there were only 5500 cardiologists practicing in India in 2021. A country with 1.3 billion people, India only has one cardiologist for every 30,000 people.