Vascular Graft Market Forecasts from 2023 to 2028

The global vascular graft market is projected to expand at a compound annual growth rate of 6.42% to reach a market size of US$9.851 billion by 2028 from an initial value of US$6.372 billion in 2021.

The key factor driving the global vascular graft market growth is the increasing number of dialysis procedures and the growing chronic kidney disease (CKD). According to a report by Kidney International Supplement Journal in April 2022, chronic kidney disease affected over 10% of the population worldwide. The increasing cases of kidney failure are providing an edge for the global vascular graft industry. For instance, as per the 2022 articles published by the National Institute of Diabetes and Digestive and Kidney Disease, nearly 8, 08, 000 people in the United States are suffering from End-Stage Kidney Disease (ESKD) out of which 69% are on dialysis and 31% of the people need a kidney transplant. The increasing number of dialysis is increasing the growth of the global vascular graft market.

The increasing number of heart strokes

The increasing rate of heart disease and strokes is also increasing the requirement for vascular grafts. Furthermore, there is an increasing prevalence of coronary artery bypass grafting along with the reconstructions of the microvascular flap-based tissue which is also resulting in the rising use of vascular graft. Coronary artery bypass grafting (CABG) stands out as one of the most commonly employed techniques in cardiac surgical procedures on a global scale, as reported by the Journal of Thoracic Disease. The CABG has an annual volume of 2, 00, 000 isolated cases in the United States and an average incidence rate of 62 per 1, 00, 000 inhabitants in Western Europe. According to Centers for Disease Control and Prevention (CDC) data published in April 2022, more than 795, 000 people suffer from strokes in the United States. Of these 1, 85, 000 people already had a stroke once or twice and 6, 10, 000 people suffered from stroke for the first time. As the number of strokes rises, so will the demand for effective therapies such as coronary artery bypass surgery and improved cardiovascular devices. Over the forecast period, this is expected to fuel global vascular graft market expansion.

Growing prevalence of chronic kidney diseases

Chronic kidney disease often progresses to end-stage renal disease (ESRD), where the kidneys no longer function effectively. Hemodialysis, a common treatment for ESRD, involves the use of an external machine to filter waste and excess fluids from the blood. To facilitate hemodialysis, patients require reliable vascular access points where blood can be efficiently withdrawn, filtered, and returned to the body. Vascular grafts are frequently used to create arteriovenous fistulas (AVFs) or arteriovenous grafts (AVGs) for this purpose. An increase in the number of patients requiring hemodialysis due to CKD can lead to a higher demand for vascular grafts to create and maintain these access points.

The United States is anticipated to be the largest growing market during the forecast period

The United States is witnessing an increase in its aging population, and with age comes an increased risk of vascular diseases such as atherosclerosis, which can lead to the narrowing or blockage of blood vessels. As a result, there is a global vascular graft market is growing to address these issues and restore blood flow. Furthermore, the prevalence of conditions like coronary artery disease, peripheral artery disease, and aneurysms has been on the rise. These conditions often require surgical interventions, such as bypass procedures or aneurysm repairs, which involve the use of vascular grafts.

Market Key Developments

• In May 2022, UC Davis Professor Aijun Wang secured a substantial $3 million grant from the California Institute for Regenerative Medicine (CIRM) to advance the development of an innovative and long-lasting vascular device tailored for hemodialysis patients undergoing treatment for kidney failure.
• In September 2021, Terumo Aortic initiated the PANTHER study, a worldwide investigation into woven and knitted surgical grafts. This initiative is designed to enhance the company's comprehension of grafts, ultimately paving the way for the introduction of novel products.

Segmentation:

By Source

• Synthetic
• Semi-Synthetic
• Natural

By Indication

• Cardiovascular
• Renal Disease
• Aneurysms
• Others

By End-User

• Hospital & Clinics
• Ambulatory Surgical Centers

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Taiwan
• Thailand
• Others