The global vascular grafts market size is expected to be worth around US$ 3.8 billion by 2030, according to a new report by Vision Research Reports.
The global vascular grafts market size was valued at US$ 2.6 billion in 2020 and is anticipated to grow at a CAGR of 9.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 3.8 Bn by 2030 |
| Growth Rate | CAGR of 9.8% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, Raw material |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Medtronic plc; Terumo Corporation; LeMaitre Vascular, Inc.; Getinge AB; Cook Medical; C.R. Bard; W.L. Gore and Associates, Inc.; and Shanghai Suokang Medical Implants Co. Ltd.; Getinge AB |
Growth Factors
The increasing prevalence of various cardiovascular disorders, such as Myocardial Infarction (MI), Coronary Heart Disease (CHD) or Coronary Artery Disease (CAD), and stroke, coupled with rising demand for minimally invasive surgeries among the patient population is boosting the market growth. Increasing customer spending power, supportive reimbursement policies associated with vascular surgeries, and a surge in the demand for technologically advanced products are expected to offer numerous growth opportunities during the forecast period. The growth of the segment is due to the increasing prevalence of cardiovascular aneurysms. A sedentary lifestyle, limited physical activity, and substance abuse are resulting in a high prevalence of renal and cardiac diseases globally. The impact of these factors is especially high in developed regions such as North America and Europe.
Key Players
Market Segmentation
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