Search Market Research Report
Artificial Blood Vessels Market Size, Share Global Analysis Report, 2019 – 2026
Artificial Blood Vessels Market by Type (Polydioxanone, Elastomer, Artificial Blood Vessels, and Others), By Application (Aortic Disease, Peripheral Artery Disease, and Hemodialysis), and by End User (Hospitals, Cardiac Catheterization Laboratories, Ambulatory Surgical Centers, Specialty Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast 2019 – 2026
Industry Insights
According to the report published by Facts Factors, the global artificial blood vessels market size was worth around USD 2100 million in 2019 and is predicted to grow to around USD 3300 million by 2026 with a compound annual growth rate (CAGR) of roughly 7% between 2020 and 2026. The report analyzes the global artificial blood vessels market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the artificial blood vessels market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the artificial blood vessels industry. The report analyzes and declares the historical and current trends analysis of the artificial blood vessels market and subsequently recommends the projected trends anticipated to be observed in the artificial blood vessels market during the upcoming years.
The artificial blood vessels market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire artificial blood vessels market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 3,300 Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the global artificial blood vessels market is set to grow annually at a rate of around 6.5%.
- It was established through primary research that the global artificial blood vessel market was valued at around USD 2,100 Million in 2019.
- The “Elastomer” category, on the basis of type segmentation, was the leading revenue-generating category in 2019.
- On the basis of application segmentation, the “Aortic Disease” category was the leading revenue-generating category in 2019.
- Based on the region, North America was the leading revenue-generating category in 2019.
Key Recommendations from Analysts
- As per our analysis, the global artificial blood vessels market is growing at a high CAGR and various end-use industries are aware of this potential market and applications of artificial blood vessels.
- Growing at a CAGR of around 7%, the global artificial blood vessels market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
- Our analysts have identified Elastomer and Aortic Disease segments that will be dominating for global artificial blood vessels market in terms of type and application segmentation respectively.
- As per our analysts, global artificial blood vessels in North America is expected to account for the maximum revenue share, in the target market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the artificial blood vessels industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the artificial blood vessels industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the artificial blood vessels market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the artificial blood vessels industry. The artificial blood vessels market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2100 Million |
Projected Market Size in 2026 |
USD 3300 Million |
CAGR Growth Rate |
7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
W. L. Gore and Associates, Terumo Medical Corporation Medtronic, LeMaitreVascularInc, JOTEC GmbH, Humacyte Inc, Cook Medical Incorporated, Bard Peripheral Vascular, B. Braun Melsungen, ArtiCasc 3D., and others. |
Key Segment |
By Type, Application, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the artificial blood vessels sector. Key strategic developments in the artificial blood vessels market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the artificial blood vessels market are appropriately highlighted in the report.
The individuals are confronting issues of blocked veins that can cause some extraordinarily hazardous conditions. Thus, it is basic to supplant a harmed vein either by counterfeit vascular prostheses or through another blood vessel from the body. The researchers have evolved artificial blood vessel using extraordinary polymers, that has uncommon mechanical properties.
The increase in the no of surgeries in transforming or transplanting of the blood vessel has been seen in the last decade. The native method of transplanting vessels was complicated and had a lot of complications such as the development of arteriosclerosis and several post-surgery complications. So the artificial blood vessel has been an alternative for blood vessels which can overcome the limitations. This is one of the factors which is driving the growth of the market.
However, the presence of a stringent regulatory system for the authorization of artificial vessels will restrict market development. Additionally, significant expenses related to transplants and medical procedures will additionally obstruct market development.
The artificial blood vessels market is segmented based on type, application, and end-user. On the basis of type segmentation, the market is classified into polydioxanone, polyethylene terephthalate, elastomer, and others. In terms of application segmentation, the market is bifurcated into Hemodialysis, Peripheral Artery Disease, and Aortic Disease. In terms of end-user segmentation, the market is bifurcated into ambulatory surgical centers, specialty clinics, hospitals, cardiac catheterization laboratories, and others.
Some of the essential players operating in the artificial blood vessels market include:
- W. L. Gore and Associates
- Terumo Medical Corporation Medtronic
- LeMaitre VascularInc
- JOTEC GmbH
- Humacyte, Inc
- Cook Medical Incorporated
- Bard Peripheral Vascular
- B. Braun Melsungen
- ArtiCasc 3D.
The taxonomy of the artificial blood vessels Market by its scope and segmentation is as follows:
By Type Segment Analysis
- Polydioxanone
- Elastomer
- Artificial Blood Vessels
- Others
By Application Segment Analysis
- Aortic Disease
- Peripheral artery disease
- Hemodialysis
By End-User Segment Analysis
- Hospitals
- Cardiac Catheterization Laboratories
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- W. L. Gore and Associates
- Terumo Medical Corporation Medtronic
- LeMaitre VascularInc
- JOTEC GmbH
- Humacyte, Inc
- Cook Medical Incorporated
- Bard Peripheral Vascular
- B. Braun Melsungen
- ArtiCasc 3D.
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors