Vascular grafts are medical devices that are generally utilized in vascular bypass surgeries, which essentially focuses on the redirection of blood flow from a diseased artery to an area where the flow will be unobstructed. This can be achieved with the help of connecting blood vessels that might not be connected by themselves. This results in flow of blood from a normal area to another normal area of the patient’s body. These devices are majorly utilized in the patient’s heart and legs so that any concern regarding blood flow can be resolved and no major complications are forthcoming.
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The main factors boosting the market are:
The market is segmented on the basis of raw material as polyester grafts, ePTFE, polyurethane grafts, biosynthetic grafts; indication as endovascular aneurysm repair, peripheral vascular, hemodialysis access; end-user as hospitals, ambulatory surgical centers; application as coronary artery disease, aneurysm, vascular occlusion, renal failure .
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global vascular grafts market is growing at a substantial CAGR of 6% during the forecast period of 2019 to 2026”
Some of the major players operating in genomics market are LeMaitre Vascular Inc., Artegraft, TERUMO CORPORATION, W. L. Gore & Associates Inc., Heart Medical, BD, Getinge AB, Cook Group, B. Braun Melsungen AG, Medtronic, Japan Lifeline Co. Ltd., Cardinal Health and ENDOLOGIX INC among others.
One of the most promising moments for market players dealing in vascular grafts is the availability of various untapped geographical regions for these products. Conventionally, various market players have not been focusing on providing these regions their product range and service offerings. With the availability of these large areas of untapped emerging markets, globally a valuable opportunity is present to expand their market share and therefore enhance their revenues.
Global Vascular Grafts Market– Industry Trends and Forecast to 2026