Vascular graft is increasingly becoming a choice for prosthetics among both vascular and cardiovascular surgeons worldwide on account of its biocompatible design. Other factors making vascular graft popular among surgeons include features such as high-strength, inert nature, and availability in various sizes and configurations for improved vascular access. As per Transparency Market Research (TMR), which is a market intelligence company, the global vascular graft market will be worth US$3.29 bn by 2024.
Q. Which region should be considered for profitable investment in the vascular graft market?
In terms of highest potential of growth and profitability, Asia Pacific should be considered for investment in the vascular graft market and this is because this region has a large population of aged people. In addition to this, the improving healthcare infrastructure and booming medical tourism market are fuelling the growth of the vascular graft market in Asia-Pacific. All these factors are resulting in the setting up of distribution channels in this region by prominent players of the market, which will further boost the growth prospects of the market in the region.
Q. What are the factors which are anticipated to restrict the growth of the global vascular graft market?
The risk of infection which is involved in the use of vascular graft in the presence of diabetes mellitus is one of the key factors posing the challenge in the use of vascular graft. In addition to this, serious complications may arise including amputation, sepsis, and disruption of infected anastomotic rigid line along with ruptures.
Q. What are the factors fuelling the growth of this market?
The rise in the incidence of diabetes is one of the key factors boosting the vascular graft market. In addition to this, increasing prevalence of cardiovascular diseases among people worldwide have also resulted in a high demand for vascular graft. Other factors feeling the growth of this market include expanding geriatric population and technological advancements in the field of medical science.
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