Market Size of Hemodialysis Vascular Grafts Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 259.84 Million |
Market Size (2029) | USD 329.41 Million |
CAGR (2024 - 2029) | 4.86 % |
Fastest Growing Market | North America |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Hemodialysis Vascular Grafts Market Analysis
The Hemodialysis Vascular Grafts Market size is estimated at USD 259.84 million in 2024, and is expected to reach USD 329.41 million by 2029, growing at a CAGR of 4.86% during the forecast period (2024-2029).
Factors such as the increasing prevalence of end-stage renal disease (ESRD) and the rising geriatric population are expected to drive the market growth. For instance, as per the article published in the journal Kidney International Supplements in April 2022, chronic kidney disease (CKD) has affected over 10% of the general population worldwide to date. CKD accentuates the demand for hemodialysis since hemodialysis is one of the major options for treating advanced kidney failure and helping the kidneys from failure.
An increase in the geriatric population is expected to support the market growth since these age groups are more prone to acquiring chronic diseases and demand the adoption of hemodialysis vascular grafts. For instance, according to the October 2023 update by the World Health Organization (WHO), the estimated geriatric population in the European region is expected to exceed those under 15 in 2024. The number of functional nephrons decreases with aging, and the remaining nephrons may become less efficient. These age-related changes reduce the ability to filter waste products and maintain fluid and electrolyte balance. This led to increased demand for hemodialysis vascular grafts, driving market growth.
Also, various clinical trials for developing hemodialysis vascular grafts are expected to drive market growth. For instance, in April 2023, Xeltis presented six-month data from its first-in-human (FIH) aXess vascular graft trial at the 13th Congress of the Vascular Access Society in Porto, Portugal. aXess is a vascular access graft intended for chronic kidney disease (CKD) patients requiring hemodialysis. Thus, an increase in positive outcomes from the clinical trial is expected to increase the chance for market approval and availability of hemodialysis vascular grafts, thereby driving market growth.
Hence, owing to the high prevalence of CKD in the geriatric population and positive outcomes from clinical trials regarding vascular grafts, the hemodialysis vascular grafts market is anticipated to grow during the forecast period. However, high cost and alternative treatment options are expected to restrain the growth of the global market during the forecast period.
Hemodialysis Vascular Grafts Industry Segmentation
As per the report's scope, hemodialysis vascular grafts or arteriovenous (AV) grafts are medical devices used to connect an artery and a vein in people who need hemodialysis. They are designed to be durable, provide adequate blood flow rates for efficient dialysis, and resist infection and clotting.
The hemodialysis vascular grafts market is segmented by raw material and geography. By raw material, the market is segmented into polyester, polytetrafluoroethylene, polyurethane, and biological materials. By biological material, the market is segmented into human saphenous & umbilical veins and tissue-engineered materials. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.
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Polyester | ||||
Polytetrafluoroethylene | ||||
Polyurethane | ||||
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Hemodialysis Vascular Grafts Market Size Summary
The hemodialysis vascular grafts market is poised for significant growth over the forecast period, driven by the increasing prevalence of end-stage renal disease and a rising geriatric population. The demand for hemodialysis, a critical treatment for advanced kidney failure, is expected to surge as chronic kidney disease becomes more prevalent globally. This trend is further supported by the aging population, which is more susceptible to chronic diseases necessitating hemodialysis. Clinical advancements, such as the development of new vascular grafts, are also contributing to market expansion. Positive outcomes from clinical trials are likely to enhance the availability and approval of these grafts, thereby bolstering market growth. However, the high cost of treatment and the availability of alternative options may pose challenges to the market's expansion.
The polytetrafluoroethylene segment is anticipated to experience robust growth due to its clinical advantages and technological advancements. The material's biocompatibility, long-term stability, and cost-effectiveness make it a preferred choice for surgeons, driving its demand. Innovations in expanded polytetrafluoroethylene grafts, which mimic native vasculature, are expected to further propel this segment. The Asia-Pacific region is projected to witness substantial growth, fueled by a high burden of chronic kidney disease and an increasing number of dialysis centers. The market's semi-consolidated nature, with key players expanding through acquisitions and collaborations, underscores the competitive landscape. Companies like W. L. Gore & Associates Inc. and Vascudyne Inc. are actively enhancing their product portfolios to strengthen their regional presence, contributing to the market's dynamic growth trajectory.
Hemodialysis Vascular Grafts Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of End-Stage Renal Disease (ESRD)
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1.2.2 Rising Geriatric Population
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1.3 Market Restraints
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1.3.1 High Cost and Alternative Treatment Options
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Raw Material
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2.1.1 Polyester
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2.1.2 Polytetrafluoroethylene
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2.1.3 Polyurethane
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2.1.4 Biological Materials
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2.1.4.1 Human Saphenous & Umbilical Veins
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2.1.4.2 Tissue Engineered Materials
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Hemodialysis Vascular Grafts Market Size FAQs
How big is the Hemodialysis Vascular Grafts Market?
The Hemodialysis Vascular Grafts Market size is expected to reach USD 259.84 million in 2024 and grow at a CAGR of 4.86% to reach USD 329.41 million by 2029.
What is the current Hemodialysis Vascular Grafts Market size?
In 2024, the Hemodialysis Vascular Grafts Market size is expected to reach USD 259.84 million.