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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