Vascular Graft Market, Spurred By Development Of Advanced Novel Products, Predicted To Experience Solid Growth Till 2022.
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The Vascular Graft Market deals with the development of specialized medical technology. A vascular graft is a surgical procedure, which is minimally invasive and repairs the vessels from inside.
This procedure is performed to redirect blood flow from one area to another by reconnecting blood vessels. Vascular graft is also known as vascular bypass.
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Scope & Regional Forecast of the Vascular Graft Market
The development of efficient and advanced novel products using engineered tissue and biological materials improves vascular graft usage. Awareness among the people about the peripheral artery diseases and government initiatives in many regions have been increasing.
All of these put together act as the key growth drivers of the Vascular Graft Market.
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However, the cost of research & development and vascular graft procedure is very high. These act as the key restraints to the Vascular Graft Market.
But still, the rise in vascular disease and adoption of vascular graft procedures are boosting the market growth.
North America is dominating the Vascular Graft Market by holding the highest share, due to high medical reimbursement and technological advancement. Asia Pacific is projected to have the fastest growth due to increasing population and consumer awareness.
Even though there are many applications, cardiovascular diseases application has the highest share in the market.
Segmentations & Key Players Involved in the Vascular Graft Market
The Vascular Graft Market can be broken down into various segmentations on the basis of -
Raw Material: Polyester, Polytetrafluoroethylene, Polyurethane and Biological Materials.
Product: Hemodialysis Access Graft, Endovascular Stent Graft, Peripheral Vascular and Coronary Artery By-Pass Graft.
Application: Cardiovascular Diseases, Cardiac Aneurysm, Kidney Failure and vascular Occlusion.
Regions: Europe, Asia Pacific, North America and Rest of the World (RoW).
Some of the key players involved in the Vascular Graft Market are as follows:
Bard Peripheral Vascular Inc.
Shanghai Suokang Medical Implants Co., Ltd
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016 - 2022, to assess how the market will develop.
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