Global Blood Vessel Prosthesis Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The blood vessel prosthesis market is experiencing significant growth due to advancements in medical technology, as well as an increase in demand for cardiovascular procedures worldwide. A blood vessel prosthesis is a surgically implanted device that is used to replace damaged or diseased blood vessels. It plays a crucial role in procedures such as bypass surgeries and vascular repairs. The global demand for these devices is fueled by rising cases of cardiovascular diseases, including atherosclerosis, arteriosclerosis, and other related conditions. The market has seen a surge in innovation, with new materials and designs improving the functionality and durability of these prostheses. Materials such as polyester, ePTFE (expanded polytetrafluoroethylene), and Dacron are commonly used for creating these implants due to their biocompatibility and strength. Additionally, research into bioresorbable materials has opened new possibilities, allowing for implants that can naturally dissolve as the body heals, reducing long-term risks associated with foreign objects in the body. Key players in the market are focusing on developing prostheses with enhanced flexibility and strength to withstand the high pressure and continuous flow of blood within the body. With the increasing aging population, particularly in developed regions, the demand for vascular interventions is expected to rise, further driving the growth of the blood vessel prosthesis market. One significant factor influencing the market is the growing prevalence of diabetes and hypertension, both of which are major contributors to vascular complications. The increasing rate of obesity is also a contributing factor. As a result, the need for effective blood vessel prostheses is expected to remain high. Furthermore, the rise in minimally invasive surgical techniques, such as endovascular surgery, is also expanding the market for vascular prostheses as they can be used in a broader range of procedures.
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Getinge
Bard PV
Terumo
W. L. Gore
JUNKEN MEDICAL
B.Braun
LeMaitre Vascular
Suokang
Chest Medical
Perouse Medical
ShangHai CHEST
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blood Vessel Prosthesis Market
Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories
Specialty Clinics
Others
Based on Types the Market is categorized into Below types that held the largest Blood Vessel Prosthesis market share In 2023.
Endovascular Stent Graft
Peripheral Vascular Graft
Bypass Graft
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blood Vessel Prosthesis Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blood Vessel Prosthesis Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Vessel Prosthesis Market, By Type
6. Global Blood Vessel Prosthesis Market, By Application
7. Global Blood Vessel Prosthesis Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blood Vessel Prosthesis Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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