Market Trends of Hemodialysis Vascular Grafts Industry
The Polytetrafluoroethylene Segment is Expected to Witness Significant Growth During the Forecast Period
The growth of the polytetrafluoroethylene segment is attributed to several factors, such as the increasing prevalence of end-stage renal disease, the growing aging population, the clinical advantages of polytetrafluoroethylene, and technological advancements. For instance, according to an article published by Frontiers in Nephrology in October 2022, the most frequently used synthetic graft is made of polytetrafluorethylene (PTFE), a fluorocarbon polymer. The stretch expanded (ePTFE) form is preferred based on a one-year cumulative patency rate of 59% and 29% for ePTFE. Its availability, ease of handling, biocompatibility, long-term stability, rapid use, and significant decrease in cost made the PTFE graft a first choice for surgeons. Thus, an increased preference and advantage of PTFE graft over others is expected to increase its demand, leading to segmental growth.
Also, advancements and new technologies of vascular grafts, with the help of polytetrafluoroethylene, are expected to fuel the segment's growth. For instance, as per the article published in February 2024 in Polymer Engineering & Science, the researchers developed highly compliant expanded polytetrafluoroethylene (ePTFE) grafts without requiring supplementary additives or inherent material alterations. The advanced expanded polytetrafluoroethylene exhibited an elastic strain capacity similar to native vasculature. Thus, such advancements in polytetrafluoroethylene will likely drive the segment growth during the forecast period.
Also, the companies are actively involved in new product launch developments, acquisitions, and collaborations to expand their footprint, which is expected to drive market growth. For instance, in August 2022, W. L. Gore & Associates Inc. reported the acquisition of InnAVasc Medical Inc. for patients with end-stage renal disease who utilize graft circuits for dialysis treatment.
Thus, owing to the benefits offered by polytetrafluoroethylene in vascular grafts, the demand for this material will likely rise during the forecast period, leading to segment growth.
Asia-Pacific is Expected to Hold a Significant Growth in the Hemodialysis Vascular Grafts Market
Asia-Pacific is expected to witness high growth in the hemodialysis vascular grafts market, attributed to the high burden of chronic kidney disease, high disposable income, and the high acceptance rate of technologically improved products. For instance, according to an article published by BMJ Global Health in January 2023, chronic kidney disease is a major, growing health concern in Asia, particularly in China and India, affecting a substantial proportion of its population. As per the above source, the large number of people with chronic kidney disease and the considerable number with advanced chronic kidney disease show the need for urgent collaborative action in Asia to prevent and manage chronic kidney disease and its complications. Thus, with an increased need for collaborative action in Asia for chronic kidney disease, the demand for hemodialysis vascular grafts increased, thereby driving regional growth.
Additionally, many dialysis centers in this region and a rise in patients with chronic renal and kidney diseases are expected to boost the market growth. For instance, according to a report published by the national health portal of the Indian government in July 2022, it was estimated that every year, about 2.2 lakh new patients of end-stage renal disease (ESRD) are increasing, resulting in demand for 3.4 crore dialysis. Similarly, in April 2023, the Albanese government opened a few new renal dialysis units in six remote locations so patients with severe kidney disease could receive life-saving treatment closer to their communities. The high burden of patients with end-stage renal disease coupled with an increase in dialysis centers is expected to increase the demand for hemodialysis vascular grafts, thereby driving the market growth in the region.
Hence, owing to the high number of kidney disease cases and the rise in dialysis unit launches, the market is expected to witness notable growth in the country during the forecast period.