× Industry Reports Services Press Release Contact us About us

Asia Pacific Vascular Graft Market Forecast 2027 By Raw Material (Polyester Grafts, EPTFE Grafts, Polyurethane Grafts, Biosynthetic Grafts), By Application (Endovascular Aneurysm Repair {Abdominal Aortic Aneurysms Repair, Thoracic Aortic Aneurysm Repair}, Peripheral Vascular Repair, Hemodialysis Access), By End-use (Hospitals, Ambulatory Surgical Centers), Research Report, Country Outlook (Japan, China, India, Australia, South Korea, Singapore, Malaysia, Thailand, New Zealand, Philippines, Indonesia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: June 2021 | Publisher: Graphical Research Report ID: GR1876 | Delivery : PDF  Request Free Sample

Asia Pacific Vascular Graft Market size crossed USD 555.8 million in 2020 and is projected to expand at over 7.1% CAGR from 2021 to 2027.

Vascular graft is an important method to surgically treat diseased or damaged blood vessels in order to restore blood flow by replacing the blood vessels. Replacing healthy blood vessels timely would ensure increased life expectancy and this provides more control over patient health.

Asia Pacific Vascular Graft Market

Get more details on this report - Request Free Sample PDF

Increasing prevalence of chronic kidney disease in Asia Pacific region such as India, China and Japan among others will drive the regional vascular graft market growth. For instance, according to Asia Pacific Society of Nephrology report, about 17% of Indians suffer from chronic kidney disease. Also, the report stated that, nearly 40% of diabetes patients develop symptoms of end-stage renal disorders in India. Thus, growing prevalence of diabetes coupled with high number of chronic kidney diseases will lead to increasing incidence of end-stage renal disorders, thereby compelling the need for hemodialysis.

Furthermore, rising pervasiveness of thoracic & abdominal aortic aneurysms and peripheral aortic disease among growing geriatric population will favor the market expansion. However, infection associated with vascular graft and lack of skilled professionals in developing countries may restrain the market growth.

Asia Pacific Market, By Application

The abdominal aortic aneurysm repair segment accounted for USD 180 million revenue in 2020. Abdominal aortic aneurysm (AAA) is a serious healthcare condition associated with swelling of aorta leading to serious health complications. It is most common among adults aged 60 years and above. Thus, increasing geriatric population along with favorable reimbursement policies will favor segment growth. Furthermore, with introduction of minimally invasive surgeries leading to shorter hospital stay and quick recovery, the demand for abdominal aortic aneurysms repair will escalate in the future.

Asia Pacific Market, By End-use

Hospital segment dominated around 62.6% Asia Pacific vascular graft market share in 2020 due to the increasing number of healthcare policies and favorable reimbursement scenarios, as it will lead to increasing number of admissions in the hospitals. In addition, advanced surgical procedures offered in hospitals along with growing burden of cardiovascular and renal disorders will propel the segment growth. Furthermore, growing patient pool coupled with introduction of innovative surgical procedures will render positive impact on the market revenue.

Asia Pacific Market, By Raw Material

Polyester vascular grafts market will show significant growth of 7.5% through 2027. High growth is attributed to its high success rate and stable biological seal coupled with various technological advancements. Also, the growth of polyester graft segment is driven by high demand for polyester material-based grafts. Further, the polyester material grafts provide better blood compatibility, high durability, tensile strength that will contribute to the demand of this segment.

Asia Pacific Market, By Country

China vascular graft market size is set to register 7.2% growth rate during the forecast timeframe impelled by the improving healthcare infrastructure and increasing incidences of CVDs and diabetes in the country. Moreover, rapid epidemiological transition has resulted in high number of premature deaths is expected to boost the demand for minimally invasive grafting procedures. Moreover, with introduction of innovative and novel vascular bypass procedures, the demand for vascular grafts has escalated in the country.

Competitive Industry Landscape

Prominent companies operating in Asia Pacific vascular graft market include Becton Dickinson (C.R. Bard), B. Braun Melsungen, Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic, among others.

Companies undertake various strategies such as mergers, collaborations, acquisitions, and geographic expansions to strengthen their market share. For instance, in October 2019, Medtronic announced Shonin approval from the Ministry of Health, Labour and Welfare (MHLW) and launched Valiant Navion Thoracic Stent Graft System in Japan. The system is used in minimally invasive repair of thoracic descending aortic aneurysms (TAA) and complicated type B aortic dissections (TBAD). This strategy enabled company to expand its product offerings in untapped economies, thereby strengthening its market presence.
 

Frequently Asked Question(FAQ) :

The market for vascular graft in Asia Pacific surpassed USD 555.8 million in 2020 and will grow at a heathy CAGR of more than 7.1% from 2021 to 2027.
The polyester vascular graft segment will expand at a healthy CAGR of 7.5% through 2027 owing to technological advancements and stable biological seal and high success rate.
The hospital segment accounted for around 62.6% of revenue share in 2020 and will expand with the rising number of healthcare policies.
The market size for vascular graft in China will grow at a strong CAGR of 7.2% through 2027 with rising cases of diabetes and CVDs and improving healthcare infrastructure.

Premium Report

Have questions?
  • Inquire Before Buying
  • Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

     1-800-986-6917

     [email protected]