Europe Vascular Graft Market to Grow at a Formidable Rate During Forecast Period
Growth in the geriatric
population and changes in lifestyle to drive the growth of Europe vascular
graft market
According
to Tech Sci Research report, “Europe
Vascular Graft Market By Indication (EVAR, Abdominal Aneurysm Repair,
Thoracic Aneurysm, Peripheral V ascular Repair), By Raw Material (Polyester,
ePTFE, Polyurethane, Polyamide, Biosynthetic), By End User Industry (Hospital,
Ambulatory Surgery Center), By Country, Competition, Forecast & Opportunities,
2025”, the Europe vascular graft
market is expected to show a formidable growth during the forecast period on
account of consumer’s sedentary lifestyle, unhealthy eating habits, alcohol
consumption and tobacco smoking. Additionally, exponential growth in prevalence
of diabetes in the region, which results in blockage of blood vessels is
further expected to boost the product demand over the next five years. Along
with that, rising incidences of cardiac diseases, hypertension, coronary artery
disease (CAD), end-stage renal diseases and cardiac aneurysms are other factors
contributing to the market growth in the region.
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Europe vascular
graft market can be segmented based on indication, raw material, end user
industry and country. In terms of end user industry, the market is segmented
into hospitals and ambulatory surgical centers (ASCs). Out of which, the
hospitals segment dominated the market until 2019 and is estimated to witness
highest CAGR during the forecast years. The growth of this segment can be
accredited to the factors such as the increasing number of minimally invasive
surgical procedures in hospitals coupled with favorable reimbursement scenario
for vascular grafts in the region.
B. Braun, C. R.
Bard, Cardinal Health, Cook Medical, Endologix, LeMaitre Vascular, Medtronic,
Maquet, Terumo, Gore Medical, etc., are some of the leading players operating
in Europe vascular graft market. The companies operating in the market are
investing in R&D for the development of material which can significantly
increase the lifespan of grafts.
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“Based on raw material, the Europe vascular graft market
is segregated into polyester, ePTFE, polyurethane, polyamide and biosynthetic
graft. Among these, the polyester grafts are expected to dominate the market during
the next 5 years owing to the advantages like high patency, higher porosity and
greater lifespan of polyester grafts, which is responsible for high demand and
adoption of polyester grafts among its end user industries.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Vascular Graft Market By Indication (EVAR,
Abdominal Aneurysm Repair, Thoracic Aneurysm, Peripheral V ascular Repair), By Raw
Material (Polyester, ePTFE, Polyurethane, Polyamide, Biosynthetic), By End User
Industry (Hospital, Ambulatory Surgery Center), By Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe vascular
graft market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Europe vascular graft market.
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