Between 2021 and 2026, the global market valuation of synthetic artificial blood vessels is expected to reflect a promising growth potential. According to a recently released market intelligence report of Fairfield Market Research, the global synthetic artificial blood vessels market size currently equates over US$296 Mn and will exhibit around 5.7% CAGR during the period of forecast. A large proportion of patient pool of peripheral vascular cases, and life-threatening cardiological conditions continues to live with unmet treatment needs, which highlights the need for solutions such as synthetic artificial blood vessels.
Bio artificial blood vessels are being increasing hailed as the future of human body implants, which indicates a huge opportunity residing in future for the participants in synthetic artificial blood vessels market.
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Synthetic Biopolymers Continue to be Sought-after
Synthetic polymers, the key material here, continue to gather momentum based on their established structures, endless form possibilities, and tunable attributes. Their preference over the natural counterparts will prevail, says the report. Synthetic biomaterials are capable of allowing the restoration of the structure, as well as function of a diseased/damaged tissue, which further upholds their growing popularity over natural polymer alternatives. Over the recent past, there has been a lot of development in the field of synthetic polymers – both biodegradable, and non-degradable.
In contrary to the shortcomings of natural biomaterials, including expensive price point, potential supply shortages, variation possibilities, and cross contamination risks, synthetic biopolymers will continue to gain traction for autologous replacement procedures in the synthetic artificial blood vessels market. However, a lot of work still needs to done on the biocompatibility, cell adhesion capabilities, and ability to self-restore mechanical properties for longer.
Revenue Generation by North American Market Remains Unsurpassed
The report suggests that North America is expected to retain its dominance on account of being the earliest technology adopter. The market in this region will also be favoured by widespread availability of technologically sophisticated facilities, as well as the supportive reimbursement policy framework. Greater usage of biometrics in the diagnostics sector is likely to be another strong factor responsible for upholding the top position of North America in synthetic artificial blood vessels market. Additional tailwinds are likely to be provided by the R&D afoot around advanced biomaterial grafts. Toward the end of 2026, the North American market for synthetic artificial blood vessels is all set to exceed revenues worth US$120 Mn, says the report.
On the other side, manufacturers operating in European markets are projected to discover new opportunities on the back of rising prevalence of cardiovascular conditions, kidney-related diseases among the European population.
Leading Players in Global Synthetic Artificial Blood Vessels Market
B. Braun Melsungen AG, Cook Medical Inc., Humacyte, Inc., Terumo Aortic (Terumo Group), LeMaitre Vascular, Inc., JOTEC GmbH, Bard Peripheral Vascular, and W. L. Gore and Associates constitute some of the top companies driving competition in the global synthetic artificial blood vessels market. These and some more companies have been profiled in the Fairfield Market Research report.
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The global synthetic blood substitutes market is projected to worth USD 15.40 Billion by 2027, according to a new report by Emergen Research.
The market for synthetic blood substitutes such as Hemopure, Oxyglobin, and Hemotech, is growing at a double-digit rate attributed to its rising application in cardiovascular diseases, anemia, malignant neoplasm, injuries, neonatal conditions, maternal conditions, and organ transplant, among others.
Also, obstetric conditions linked with blood transfusion may result in health complications, and even death, if inappropriately managed, is likely to fuel the demand for synthetic blood substitutes.The latest research report by Emergen Research, named ‘Global Synthetic Blood Substitutes Market - Forecast to 2027’, entails a comprehensive review of the global Synthetic Blood Substitutes market’s present and future trends.
The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.Get a sample of the report @https://www.emergenresearch.com/request-sample/146 Market Scope:One of the report’s central components is the broad Synthetic Blood Substitutes market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.Key Highlights From The ReportIn September 2019, a preclinical-stage biotech firm, KaloCyte, engaged in developing a bio-inspired synthetic RBC substitute for application in settings when stored RBCs are not available, has entered into an alliance with the growing biotech community of Baltimore as an affiliate of the University of Maryland (UM) BioPark.Synthetic hemoglobin-based substitutes are created from hemoglobin collected from a strain of E. coli bacteria.
