VASCULAR GRAFTS MARKET ANALYSIS

Vascular Grafts MarketSize and Trends

Rising prevalence of coronary artery diseases is expected to boost growth of global vascular grafts market

According to the Centers for Disease Control and Prevention (CDC) in 2016, around 8.5 million people in the U.S. had peripheral arterial diseases with healthcare costs accounting for US$ 21 billion annually. Increasing requirement for treatment with bypass surgeries is expected to boost growth of the global vascular grafts market.

Age is also a risk factor for coronary artery diseases. In 2015, around 44 million people aged 60 years and above were suffering from coronary artery diseases in the U.S. according to American Heart Association (AHA). Furthermore, according to the AHA, in 2017, around 92 million American adults were suffering from cardiovascular diseases, which is expected to fuel growth of the global vascular grafts market.

According to National Health Service (NHS), 2018, around 20,000 coronary bypass surgeries are carried out annually in England, which is expected to rise due to changing lifestyle habits leading to chronic cardiovascular diseases, in turn rising demand for the treatment.

Factors such as increasing geriatric population, increasing diabetes prevalence leading to heart diseases, and unhealthy lifestyles are expected to increase the prevalence of cardiovascular diseases, in turn boosting the growth of bypass surgeries and vascular grafts market.

Global Vascular Grafts Market Taxonomy

Advancements in graft materials and surgery techniques such as off-pump CABG surgery are driving the growth of vascular grafts market. The global vascular grafts market is segmented on the basis of product type, application, material, end user, and geography.