Hybrid Grafts Market Set for Steady Growth at 5.2% CAGR, Reaching US$858.7 Million by 2032 | FMI Study

Hybrid Grafts Market
Hybrid Grafts Market

The Hybrid Grafts Market is experiencing a period of significant growth, fueled by advancements in vascular repair techniques. A recent analysis by Future Market Insights (FMI), a leading market research firm, reveals the market held an estimated valuation of US$517.3 million at the close of 2022. Looking ahead, FMI projects a steady Compound Annual Growth Rate (CAGR) of 5.20% from 2022 to 2032. This positive outlook signifies the market’s potential to reach an impressive US$858.7 million by the conclusion of the forecast period.

The driving force behind this remarkable expansion lies in the escalating global risk of cardiovascular diseases. Unhealthy lifestyle choices and the increasing incidence of obesity are identified as key factors propelling the growth of the hybrid grafts market in the years to come.

Get a Sample PDF Of the Report By Using the Company Email
https://www.futuremarketinsights.com/reports/sample/rep-gb-15179

The number of cases of chronic ascending aortic dissections has increased dramatically across the globe, which would bolster growth. Additionally, key players are focusing on novel product development with enhanced efficacy in terms of environmental stability, protection from infections, and durability.

For instance, BD Interventional introduced Distaflo, which is designed with ePTFE with carbon impregnated into the inner portions of the graft wall. The graft is also modified with a proprietary cuff at the distal end, according to BD.

Key Takeaways: Hybrid Grafts Market

  • Based on product, the thoracic aortic graft segment held approximately 78.2% of the share in 2021 and will dominate the global hybrid grafts market by 2032.
  • By end user, the hospitals segment is expected to lead the global hybrid grafts market and showcase a CAGR of 5.9% during the forecast period.
  • North American hybrid grafts market is anticipated to generate a share of 42.1% in 2021 and is estimated to lead throughout the forthcoming years.
  • China is set to hold a market share of nearly 3.8% in 2032 with the expansion of the healthcare industry.
  • The German hybrid grafts market held a share of 3.5% in 2021 and is set to remain at the forefront during the evaluation period.

“Rising use of minimally invasive devices in medical procedures is set to drive the hybrid grafts market. Besides, increasing number of cardiac and vascular surgeries is anticipated to push demand for hybrid grafts to reduce surgical site complications,” says a FMI analyst.

Hybrid Grafts Market Competition

The market for hybrid grafts is moderately fragmented and there exists a large number of local, emerging, as well as established players across the globe. Key players are initiating promotional activities to introduce new designs to attract more customers. A few other companies are engaging in collaborations and expansion activities to develop innovative products.

  • In October 2021, Terumo joined hands with Cell Technologies to open a new manufacturing facility in Costa Rica which will help to broaden its supply chain around the globe.
  • In May 2022, Getinge invested 3 million Euros to expand its manufacturing capacity of polyester grafts and patches for the treatment of aneurysmal and occlusive diseases. The investment would help the company to surge the manufacturing capacity in its site in La Ciotat, France.

More Valuable Insights on the Hybrid Grafts Market

Future Market Insights offers a unique perspective and actionable insights on the hybrid grafts market in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2022 to 2032.

The research study is based on the product (thoracic aortic graft and peripheral vascular graft) and end-user (hospitals and ambulatory surgical centers), across seven key regions of the world.

Purchase Now
https://www.futuremarketinsights.com/checkout/15179

Hybrid Grafts Market Outlook by Category

By Product:

  • Thoracic Aortic Graft
  • Peripheral Vascular Graft

By End User:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these