Market Overview
The vascular graft market is expected to register a CAGR of 5.7% over the forecast period.
Key factors contributing to the market growth are rising prevalence of cardiac diseases, increasing prevalence of diabetes and end-stage renal diseases, coronary artery disease CAD, hypertension, and cardiac aneurysms.
Apart from the mentioned factors, genetic and hereditary factors, unhealthy lifestyle, alcohol consumption, and tobacco smoking, among others are expected to increase the demand for vascular grafts over the period.
A low reimbursement rate and rising out-of-pocket expenses in an emerging economy can restrain market growth.
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Key Market Trends
Hemodialysis Access Graft Segment is Anticipated to Register Robust Growth
End-stage renal disease ESRD global prevalence is rising at a significant rate. It is found that, over many years, chronic kidney disease CKD may develop leading to ESRD.
Nearly two million people worldwide are suffering from ESRD, and the number of patients diagnosed with the disease continues to grow at a rate of 5-7% per year.
The aging population further aggravates ESRDs increasing prevalence.
According to statistics from the Ministry of Health of the Peoples Republic of China, the prevalence of chronic kidney disease among women in the general Chinese population is increasing from 7.4% among those aged 18-39 to an estimated 18.0% and 24.2% among those aged 60-69 and 70 years, respectively.
The dialysis of kidney transplants is the primary management option for ESRD patients.
For better therapy and safety, vascular access is regarded as a patient’s lifeline on hemodialysis.
Two types of vascular access are designed primarily for long-term use: arteriovenous AV fistula and AV graft. The venous catheter is intended for use in the short term. AV fistula is a direct connection between an artery and a vein made by a surgeon, while a plastic tube is used in an AV graft to connect an artery to a vein.
North America is Anticipated to Retain Largest Market Share During the Forecast Period
North America leads the vascular grafting market.
Due to the high prevalence of diabetes, cardiovascular diseases, and chronic kidney disease, North America maintained its dominant share.
The presence of reimbursement coverage and the availability of state-of-the-art healthcare infrastructure is driving North America’s growth in this market.
Due to increased incidences of cardiovascular disease and diabetes and improved healthcare infrastructure, Asia-Pacific is expected to show the fastest growth in the forecast period.
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Competent Landscape
Key market players include
Table of Content Covers the Topics mentioned below
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