Sarasota, FL -- (SBWIRE) -- 03/27/2019 -- Global Hemodialysis Vascular Grafts Market: Overview
In the last few years, the morbidity rates related to hemodialysis processes in patients suffering from end-stage renal diseases has been rising. Due to the time-consuming process of a kidney transplant along with finding a suitable kidney donor, healthcare professionals are recommending hemodialysis vascular grafts to treat chronic kidney diseases. The demand and popularity of the hemodialysis vascular grafts market across the globe can be attributed to the rising incidences of renal disorders.
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Global Hemodialysis Vascular Grafts Market: Growth Factors
The major growth driver of the global hemodialysis vascular grafts market in the future is the rising incidences of renal disorders. Other factors that are anticipated to contribute notably toward the expansion of the hemodialysis vascular grafts market globally over the estimated timeframe include the presence of cost-sensitive patient pool in developing economies, growing patients' preference for hemodialysis in comparison to peritoneal dialysis, rising per capita healthcare expenditure, and increasing adoption rates related to biological access grafts coupled with technological advancements made in these products. Furthermore, the finite number of kidney donors and difficulties related to finding suitable kidneys is resulting in an increased number of chronic kidney disease (CKD) patients opting for hemodialysis. Thus, the hemodialysis vascular grafts demand is projected to witness an upward shift in the years ahead.
Global Hemodialysis Vascular Grafts Market: Segmentation
The global hemodialysis vascular grafts market is categorized into raw material. The raw material segment of the hemodialysis vascular grafts market includes biological materials, polyurethane, polytetrafluoroethylene, and polyester. Hemodialysis vascular grafts made from polytetrafluoroethylene dominated the global market and contributed a major revenue share in 2018. This can be attributed to the enhanced pliability and adhesion in comparison to other materials and the same level of patency in comparison to other synthetic materials.
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Global Hemodialysis Vascular Grafts Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. North America held the largest revenue share of the global hemodialysis vascular grafts market in 2018. This can be attributed to the increasing healthcare expenditure, rising preference for tissue and biological engineered vascular grafts, and a growing number of patients suffering from chronic kidney disease. At the country level, the U.S. contributed a major revenue share to this regional market in 2018. This can be due to an increasing number of CKD patients and rising penetration of synthetic hemodialysis vascular access grafts. The Asia Pacific market for hemodialysis vascular grafts is likely to emerge as the fastest growing region globally in the years ahead. This can be attributed to the growing prevalence of patients suffering from CKD, rising per capita healthcare expenditure, and difficulties related to finding suitable kidney donors. Furthermore, the growing incidences of dialysis procedures across the region are projected to create new growth opportunities for the Asia Pacific market in the upcoming years. The European region is another relevant market for hemodialysis vascular grafts globally, owing to the growing patients' preference for hemodialysis in comparison to peritoneal dialysis and increasing acceptance of these products for hemodialysis vascular grafts.
Global Hemodialysis Vascular Grafts Market: Competitive Players
Some most important players of the global hemodialysis vascular grafts market are Proteon Therapeutics, Merit Medical Systems, CryoLife, InnAVasc Medical, Vascular Genesis, Getinge AB, LeMaitre Vascular, Terumo Medical Corporation, C. R. Bard, and W.L. Gore & Associates, among others.
Global Hemodialysis Vascular Grafts Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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