Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The "Vascular Grafts - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Vascular Grafts market is poised for robust growth, with an estimated value of US$3.3 billion in 2022 and a projected expansion to US$5.9 billion by 2030. This impressive growth is expected to occur at a steady CAGR of 7.3% over the analysis period spanning from 2022 to 2030.
Endovascular Aneurysm Repair (EVAR) and Peripheral Vascular Repair Lead the Way
Within the Vascular Grafts market, the Endovascular Aneurysm Repair (EVAR) segment stands out, projected to achieve a solid 7% CAGR, reaching a value of US$2.6 billion by the end of the analysis period. The Peripheral Vascular Repair segment is also noteworthy, with estimated growth at a robust 8.9% CAGR over the next eight years.
Global Leaders and Geographic Highlights
The United States Vascular Grafts market is estimated at US$1.3 billion in 2022, reflecting substantial growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$687.6 million by 2030, driven by a compelling CAGR of 9.2% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience steady growth at 6.5% and 6.6%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a solid 7.3% CAGR.
Key Competitors
Key players in the Vascular Grafts market include:
- Cardinal Health, Inc.
- Baxter International, Inc.
- Terumo Corporation
- Cook Medical, LLC
- Teleflex, Inc.
- LeMaitre Vascular, Inc.
- MicroPort Scientific Corporation
- iVascular S.L.U
- Jotec GmbH
- ParaGen Technologies
- sunnatech scientific corporation
- Vacis
- Cardiovascular Systems, Inc.
- Healionics
- InnAVasc Medical
Optimistic Economic Outlook
The global economic outlook is showing signs of improvement, with growth recovery expected for the upcoming years. The United States has successfully navigated recession threats despite slowing GDP growth. In the Euro area, easing headline inflation is boosting real incomes and driving economic activity. China is poised for substantial GDP growth as the pandemic recedes, and India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
Despite these positive trends, various challenges persist, including uncertainty around the war in Ukraine, slower-than-expected global headline inflation decline, and ongoing food and fuel inflation in developing countries. High retail inflation is affecting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, which may impact job creation and economic activity. The regulatory environment is also tightening, with growing pressure to integrate climate change into economic decisions.
Investment Opportunities in Emerging Technologies
While corporate investments may face inflation-related concerns and weaker demand, the rise of new technologies presents opportunities. Generative AI, applied AI, machine learning industrialization, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to reshape the global investment landscape. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.
In this dynamic environment, businesses and leaders who exhibit resilience and adaptability are well-positioned to seize the opportunities that lie ahead.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Vascular Grafts - Global Key Competitors Percentage Market Share in 2022 (E)
- A Prelude to Vascular Grafting
- Impact of Covid-19 and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- COVID-19 and Vascular Grafts Market
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Impact of COVID-19 Outbreak on Elective Surgeries
- Global Market Prospects and Overview
- Vascular Grafts Market Set for a Rapid Growth
- Endovascular Stent-Grafts Account for Larger Share
- Competition
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Incidence of Cardio Vascular Disease Bodes Well for the Global Vascular Graft Market
- Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Global Annual Medical Cost of CVD in US$ Billion (2010-2030)
- Rising Preference for Minimally Invasive Procedures Boosts Market Prospects
- Rising Prevalence of Kidney Diseases Drives the Global Hemodialysis Vascular Graft Market
- Hemodialysis Remains the Major Modality for Dialysis Treatment - A Key Opportunity
- Global Dialysis Patient Population Distribution by Modality for Select Countries (2020): Percentage Breakdown of Hemodialysis (HD) and Peritoneal Dialysis (PD) Patients
- Global Population of ESRD Patients Undergoing Therapy by Type of Treatment (2020): Percentage Breakdown of Patients Receiving Hemodialysis, Kidney Transplants, and Peritoneal Dialysis
- Home Hemodialysis: A Niche Albeit High Potential Market
- World Dialysis Clinics Market by Region (2019): Percentage Breakdown of Patients Treated by Type of Operator
- Global Dialysis Market by Region: Percentage Breakdown of Patients Receiving Dialysis Treatment in In-Centre and Home Settings for 2019
- Aging Population Drives Demand for Vascular Grafts
- Increasing Healthcare Expenditure to Foster Growth
- World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
- Rising Middle Class Population Aids Growth
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Global Middle Class Spending (in US$ Trillion) by Geographic Region
- Risk of CAD in Obesity Offers Prospects for Coronary Stenting
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Cell-Free Tissue Engineered Vascular Grafts Aid in Vascular Remodeling
- Cells for Cells Develops VEINTIST
- New Approach for Optimizing TEVGs
- 3D Printed Vascular Scaffolds Hold Potential to be the New-Age TEVGs
- A Review of Select Vascular Developments
- Some of the important vascular innovations expected in the near-term include:
- Offerings of Moving Analytics and Vasctrac
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7kfy9y
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