Published Date: 2021-07-06
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European Vascular Graft Market size is predicted to reach USD 928 million By 2027, according to a latest forecast report by Graphical Research.
Increasing prevalence of chronic disease such as diabetes and atherosclerosis among other disease will further drive the market growth. For instance, according to the WHO report, atherosclerosis is one of the leading causes of vascular disease in Europe, accounting for 1.8 million new cases annually. Thus, increasing burden of cardiovascular disease will boost the adoption rate and drive the market growth. Furthermore, rapid advancements in technology for vascular grafts has remarkably driven the vascular grafts market and this trend will continue over the projected timeline. Frequent upgradation of technology allows introduction of innovative and advanced vascular grafts. Also, development of minimally invasive and biomaterial based vascular grafts have overcome complications associated with conventional grafts that has enhanced the market growth.
On the basis of application, the Europe vascular graft market is segmented into endovascular aneurysm repair, peripheral vascular repair and hemodialysis access. Peripheral vascular repair segment accounted for USD 131.7 million in 2020 and is expected to show stable growth during the forecast time period. High prevalence rate of peripheral arterial disease will lead to segmental growth during the projected timeframe. Peripheral artery disease can also lead to critical limb ischemia if blood flow to the limbs is blocked by or severely restricted. Therefore, development of critical limb ischemia is associated with serious complications. This will lead to higher adoption of peripheral vascular repair procedures, thereby boosting the product demand and spur the segmental growth.
Browse detailed statistical insights from the report, “Europe Vascular Graft Market Forecast 2027 By End-use (Hospitals, Ambulatory Surgical Centers), By Application (Endovascular Aneurysm Repair {Abdominal Aortic Aneurysms Repair, Thoracic Aortic Aneurysm Repair}, Peripheral Vascular Repair, Hemodialysis Access), By Raw Material (Polyester Grafts, EPTFE Grafts, Polyurethane Grafts, Biosynthetic Grafts), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Netherlands, Switzerland, Hungary, Norway, Sweden, Denmark, Finland), 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/1875/europe-vascular-graft-market
The EPTFE segment will show a considerable growth of 5.7% during the forecast period. EPTFE graft is broadly used in haemodialysis access, peripheral vascular surgery and extra-anatomical procedures. Technological advancements in the conventional EPTFE graft will lead to its escalated demand in the future. For instance, end-point covalent attachment of EPTFE with heparin provides high thrombogenic resistance and reduced platelet attachment. Such advancements will favour the segmental growth in upcoming years.
Ambulatory surgical centers segment accounted for market share of 25.3% in 2020 and is expected to show steady growth rate across the forecast timeframe. High segmental growth is attributable to rising demand for short hospital stays and cost-effective treatments for various cardiovascular disorders. Furthermore, ability of ambulatory surgical centres to offer lower healthcare-associated costs and single day cardiovascular surgery will further favour the ambulatory surgical centre segmental growth in the upcoming period.
The Germany vascular graft market will show a lucrative growth of 4.7% during the forecast period. Large proportion of the country’s population suffer from end-stage renal disease and require hemodialysis procedure. Therefore, implementation by government and insurance schemes to support patients undergoing hemodialysis procedure will fuel the business growth in the country. For instance, as per the European Kidney Health Alliance (EKHA), reimbursement varies from 40,000 to 80,000 €/year per individual for hemodialysis across the Europe including Germany. This will have a positive influence on country level vascular graft industry growth during the projected timeframe.
European vascular graft market 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:
Europe Market, By Application
Europe Market, By Raw Material
Europe Market, By End-use
The above information has been provided for the following countries:
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