Saphenous Vein Grafts Market: Overview

Saphenous vein is a large superficial vein in the leg and is also known as internal, great, or greater saphenous vein. It originates from the merger of the dorsal vein of the great toe and dorsal venous network of the foot. The vein ascends from the medial side for the lower leg and then runs medial side of the anterior region to the thigh. After reaching the saphenous opening, the vein joins with the femoral vein. Saphenous vein grafts are primarily used for revascularization procedures and in coronary artery bypass surgery. 

Saphenous Vein Grafts Market: Key Trends

The global saphenous vein grafts market is driven by increase in the number of cardiovascular procedures, rise in prevalence of peripheral artery disease, and surge in the geriatric population. Addiction to smoking and lack of physical exercise are the major risk factors for peripheral artery disease. According to the National Interventional Council (CSI–NIC) research, coronary revascularization is among the most widely performed surgical procedures across the globe, followed by LE artery revascularization. According to the American Heart Association (AHA), in 2012, the total number of coronary artery bypass procedures performed in the U.S. stood at 519,000; of these 148,000 surgeries were performed on women and 371,000 on men. However, availability of alternatives of saphenous vein grafts is anticipated to restrain the global market. 

Saphenous Vein Grafts Market: Segmentation

The global saphenous vein grafts market can be segmented based on application, end-user, and region. In terms of application, the market can be divided into coronary artery bypass grafting (CABG), AV access, and vascular reconstruction. The coronary artery bypass grafting (CABG) segment is projected to be driven by increase in the number of CABG procedures in health care centers. Based on end-user, the market can be categorized into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is expected to expand at the fastest CAGR owing to increase in availability of technologically advanced medical devices for performing cardiac surgery and rise in preference for ambulatory surgical centers for treatment of cardiac diseases.

Saphenous Vein Grafts Market: Regional Analysis

The global saphenous vein grafts market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the largest market share during the forecast period. The market in the region is anticipated to be driven by changing lifestyles, rise in prevalence of lifestyle diseases, and technological advancements. The saphenous vein grafts market in Europe is expected to grow at a rapid pace from 2018 to 2026 due to increase in the number of research programs for cardiac disease, government funding for research activities in cardiology, and rise in the number of people with diabetes and obesity. The market in Asia Pacific is likely to expand at the fastest CAGR during the forecast period, driven by significant increase in patient population, well-equipped health care facilities, and rise in the number of qualified and experienced health care professionals such as cardiologists and surgeons. According to the Society of Thoracic Surgeons, the number of cardiac procedures in China has increased at an exponential rate in the past few years. In China, nearly 19,689 CABG procedures were performed from 2013 to 2014. The number of cardiac cases is expected to rise in the near future, thereby increasing the burden of cardiac diseases in the country. According to National Interventional Council (CSI–NIC) research, China and India are the major markets for interventional cardiology in Asia Pacific. According to the Coronary Artery Disease in Asian Indians (CADI) Research Foundation, more than 60,000 coronary bypass surgeries are performed in India each year. These factors signify the need of cardiac interventions in the region. 

Saphenous Vein Grafts Market: Competitive Landscape

Key players operating in the global saphenous vein grafts market are CryoLife, Inc., LifeNet Health, and LeMaitre Vascular, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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