Fairfield Market Research Small Diameter Vascular Graft Market Size, Share, Growth 2029

Small Diameter Vascular Graft Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Medical Devices

Request TOC Request Customization $4,995.00Prebook

Cardiovascular and Peripheral Vascular Diseases are the Major Contributor to the Market Size

Vascular graft has been witnessing high demand with each passing year due to rapidly growing prevalence of cardiovascular and peripheral vascular diseases. According to American Heart Association, more than 1.3 million surgical procedures involving vascular graft  were done in 2019. As per World Health Organization (WHO), the number of such procedures has been on the rise of over 8% annually between 2015-2018 due to increase in preference for minimally invasive procedures. Moreover, rising prevalence of regarding cardiac conditions such as coronary artery disease (CAD), myocardial infarction (MI), high blood pressure (BP) etc., is expected to propel growth of small diameter vascular graft market during the forecast period. For Instance, nearly 18 million people are diagnosed with some kind of cardiovascular diseases each year (WHO).

Preference for Minimally Invasive Direct Coronary Artery Bypass Surgery Drives Growth of Small Diameter Vascular Graft Market

Minimally invasive direct coronary artery bypass (MIDCAB) surgical techniques are gaining ground over both open and traditional CABG surgeries. For this reason, MIDCAB has become a preferred procedure for performing coronary artery bypass grafts in the small diameter vascular graft market. Having undergone the MIDCAB surgical procedure is expected to increase demand for small diameter vascular grafts in the coming years.

Increasing adoption of one-time use devices such as guide catheters facilitates increased performance in minimally invasive cardiac surgeries by enabling faster and less complex procedures. This, in turn, reduces the overall cost of surgical implants and catheters, while reducing the risk of infections.

Growth of Healthcare Expenditure and Better Private Insurance Coverage Facilitates Small Diameter Vascular Graft Market Growth

As per Center for Disease Control and Prevention, healthcare spending in North America was projected to rise by an average of 5.9% per year between 2013 and 2023. The U.S. healthcare expenditure amounted to US$4.3 trillion in 2020 - representing a cumulative annual growth rate of 6.1% over the period. Similarly, the global healthcare expenditure in 2020 is valued at around $8.3 trillion, which is further likely to increase to $8.8 trillion in 2021.

Rising medical expenditure poses a major challenge to individuals, healthcare providers, and insurance companies alike; however, it does open up significant business opportunities for medical device manufacturers in the small diameter vascular graft market such as Medtronic plc (Ireland), Abbott Laboratories (U.S.), Terumo Corporation (Japan), Boston Scientific Corporation (U.S.), Abbott Vascular Inc., Becton Dickinson & Company (U.S.) and others.

These players are trying to overcome the challenge by focusing on enhancing the design, development, and production of best-in-class products. For instance, in September 2017, Abbott announced its plan to launch an innovative bioresorbable vascular scaffold for patients at a high risk of recurrent cardiovascular disease. This product is targeted for commercialization by 2023.

Recently, various deals have been made in the industry to strengthen the position of key players, which include Medtronic's acquisition of Covidien plc. (Ireland) in 2015, Boston Scientific's partnership with Kinetic Concepts, Inc. (U.S.) in November 2017, and Abbott Laboratories' agreement to transfer its vascular closure devices business to Cardinal Health 414, Inc. (U.S.) in December 2017.

High Availability of Electrospun Polyurethane Vascular Grafts to Drive Demand for Small Diameter Vascular Graft

Electrospun polyurethane vascular grafts are anticipated to witness promising growth owing to their high durability. They have high biocompatibility with human tissues, making them a preferred choice for surgeries. As per American Heart Association (AHA), more than 17 million Americans suffer from cardiovascular diseases of which 60% of mortality is caused due to coronary artery disease alone. Stroke is another major cause of mortality that accounts for 16% of deaths across the U.S. with an average of 795,000 strokes occurring annually. Thus, the demand for such products will be on a rise owing to their widespread use in surgeries and treatments related to cardiovascular diseases. All these factors are further expected to drive growth of the small diameter vascular graft market in the years to come.

Application of Small Diameter Vascular Grafts in Cardiac Aneurysm to Remain High

Arterial injuries in heart surgeries are common and can be devastating. In order to prevent exsanguination, a tube of non-vascular origin is often implanted in place of a damaged artery. The implantation of tubular grafts has resulted in many complications, including thrombosis, infection, aneurysm formation, and inadequate luminal diameter. These problems have prompted the search for new types of grafts with certain desired characteristics i.e., durability, resistance to blood flow turbulence and low antigenicity. Numerous types of biomaterials have been developed with these properties.

Natural tissues present several advantages over synthetic materials, such as their ability to allow cell ingrowth which would improve the strength of the graft, decrease the foreign body reaction and increase blood flow by decreasing turbulent flow. Although natural tissues are suitable for some applications, others are not applicable because they are either weak or suffer from unfavorable biological responses.

Polytetrafluoroethylene (PTFE) is a high molecular weight polymer of tetrafluoroethylene. PTFE is available commercially under the trade name expanded polytetrafluoroethylene (ePTFE), such as GORE-TEX®, or Teflon®.

Rising Prevalence of Coronary Heart Diseases Make North America Small Diameter Vascular Graft Market Lucrative

Projections from the American Heart Association (AHA) indicate that approximately one in three U.S. adults suffers from some form of cardiovascular disease or other disorder involving blocked arteries and reduced blood flow to vital organs such as brain and heart muscle. With growing incidence rates associated with life-threatening conditions such as atherosclerosis and hypertension, demand for vascular grafts is anticipated to rise substantially over the upcoming years. At present, cardiac surgeries account for nearly 40% of all minimally invasive procedures performed in hospitals across North America. The proportion has been on a rising trend since 2000, and is projected to continue growing at 4% per year over the next decade.

As per the U.S. Department of Commerce, 16% of Americans are expected to be aged 65 years or older by 2030, as compared to 12% in 2010. This reflects a major demographic shift; one that is accompanied by several health challenges for this segment of society that often leads to increased cardiovascular conditions. An increasing percentage of seniors suffering from coronary artery diseases will only serve to augment demand for vascular grafts during the forecast period.

Global Small Diameter Vascular Graft Market: Key Players

Some of the key players in the global small diameter vascular graft market are Medtronic plc, Terumo Corporation, LeMaitre Vascular, Inc., C.R. Bard; W.L. Gore and Associates, Inc., Cook Medical, Shanghai Suokang Medical Implants Co. Ltd., and Getinge AB.

Key Elements Included In The Study: Global Small Diameter Vascular Graft Market

  • Small Diameter Vascular Graft Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

Post Sale Support, Research Updates & Offerings

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

  • The report will be prepared in a PPT format and will be delivered in a PDF format.
  • Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.
  • If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.
  • If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.
  • If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.


  • The segmentation/company profiles/countries depicted above may vary in the actual report.

Request Table of Contents

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
Fairfield Quality assured
Fairfield Confidentiality assured
Fairfield Custom research services