Published Date: 2021-07-06
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APAC Vascular Graft Market size is expected to surpass USD 916.3 million by 2027, according to a latest forecast report by Graphical Research.
The rising prevalence of diabetes as well as cardiac arrests are some of the primary concerns propelling the vascular grafts market in Asia Pacific. For instance, it is estimated that nearly 60% of global diabetes population resides in countries of Asia Pacific and around 50% reside in China and India combined. Hence, the increased burden of diabetes in the region is expected to optimistically impact the vascular grafts market. Further, the occurrence of kidney failures also requires kidney transplant, a process that largely employs vascular grafts. The reconstruction of renal vessel in a kidney transplant employs vascular grafts and an rising incidence of end-stage kidney failure is poised to drive the demand for vascular grafts in Asia Pacific.
Peripheral vascular repair segment accounted for USD 121.2 million in 2020 and is expected to show stable growth during the forecast time period. One of the leading factors for the prominence of vascular grafts in peripheral vascular repair applications is its lower rate of complications. It is observed that major complications occur in less than 5% of the cases. Further, studies suggest the that incidence rate of peripheral arterial disease (PAD) is nearly 4 times greater when compared to Europe. The WHO is noted to share its concerns regarding the surging cases of diabetes as well as PAD in relatively younger population in countries of Asia Pacific. Hence the demand for vascular grafts is expected to increase, fueling the segmental growth.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1876/asia-pacific-vascular-graft-market
The EPTFE grafts segment will show a significant growth of 7.1% during the forecast period. Several manufacturers are noted to offer the EPTFE grafts in their product offerings owing to its certain advantages. Several benefits of EPTFE grafts include its enhanced suture retention capabilities, high burst strength as well as efficient handling. The segment is expected to contribute significantly to the regional market throughout the forecast period.
Ambulatory surgical centers segment is expected to reach USD 249.6 million by 2027 and is expected to show steady growth rate across the forecast timeframe. While a large proportion of the population residing in countries of Asia Pacific is noted to prefer hospitals over ambulatory surgical centers, a paradigm shift is anticipated in the long-term forecast period. With the proven capabilities of ASCs in developed regions, the influence is expected to act as a trigger for the shifting preferences. Additionally, as a larger proportion of population understands the cost benefits associated with ASCs over hospitals, it is further set to boost the segmental demand.
The Japan vascular graft market will show a lucrative growth of 7% during the forecast period. It is estimated that nearly 30% of the population of Japan is aged 65 or older. This significantly increases the burden of age-related diseases in the country, making it one of the fastest growing country in the Asia Pacific vascular grafts market. as of 2018, it was reported that nearly 120,000 cases of cardiac arrests are reported in Japan annually. Hence, the Japan is one of the prominent countries representing significant demand in the vascular grafts market.
The market for vascular graft in APAC research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Application
Asia Pacific Market, By Raw Material
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
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