2022-11-25 11:30:00

Vascular Grafts Market to Reach the Value of US$ 3.7 Bn by 2031, TMR Study

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Benzinga
By Pr Newswire
  • Increasing incidence of cardiovascular disorders and chronic kidney disorders among the expanding geriatric population underscores growth
  • Characteristic of non-invasive surgical procedure, endovascular stent graft accounted for leading share in 2021

WILMINGTON, Del., Nov. 25, 2022 /PRNewswire/ --The vascular grafts market size is estimated to rise at a CAGR of 5.6% over 2022 to 2031. The rising utilization of technologically advanced vascular graft products can be ascribed to the rising pool of geriatric individuals, who are more susceptible to cardiovascular illnesses. Apart from this, other essential market drivers include increase in the prevalence of various lifestyle related diseases, and growing healthcare expenditure around the world. Moreover, improvement in medical care and technological advancements in healthcare facilities in developing and developed economies are also aiding in the market development.

Vascular Grafts Market Key Findings of the Report

  • Growing Prevalence of Cardiovascular and Lifestyle Related Disorders: Increase in the incidence of different types of lifestyle related diseases, including high blood pressure or hypertension, obesity, and diabetes, is creating increased demand within the market. These conditions are caused by unhealthy lifestyles, eating habits, and lack of exercise. Thus increase in the incidence of lifestyle related disorders such as hypertension, one of the most common lifestyle related diseases in a number of developed economies, creates growing need for hospitalization. This trend leads to growth in the demand for advanced products from the vascular grafts market.

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