Aortic Stents Grafts Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
The Aortic Stents Grafts Market size was valued at USD 3583.03 Million in 2023 and the total Aortic Stents Grafts revenue is expected to grow at a CAGR of 7.5% from 2024 to 2030, reaching nearly USD 5944.42 Million.
Aortic Stents Grafts Market Overview:
An aortic stent graft is a device used for the treatment of an aneurysm. It is also known as endovascular stent graft (EVAR). This treatment involves an artificial stent graft, delivered through an arterial blood vessel in the groin, fixed over the widening. These are used for abdominal and thoracic aortic aneurysm endovascular repair.
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Aortic Stents Grafts Market Dynamics:
Increasing demand for a minimally invasive surgical procedure is the main factor driving the market growth.
This procedure is minimally invasive, which can be performed under local, regional or general anaesthesia. Advantages of minimally invasive procedure such as it reduces recovery time to a few days and greatly reduce time in the hospital, contribute to the market escalation. An increase in the number of aortic aneurysm patient pool and government screening programs for the population is expected to fuel the market growth. Also, the adoption of the EVAR procedure for the treatment of aortic diseases contributes to market growth. Despite these advantages, the risk involved with stent-graft may impact negatively on the market growth.
The report has profiled fourteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Aortic Stents Grafts Market Segment Analysis:
The global Aortic Stents Grafts Market is segmented on the basis of product type and end-users.
Based on Product Type, the Abdominal Aortic Stent Graft segment held the largest market share of XX% in 2023 and is expected to continue the dominance at a CAGR of 3.7% during forecast years. This growth is attributed due to an increase in the geriatric population and the rise of abdominal aortic aneurysm. AAA is more common in the lower abdominal part, and most of the cases of AAA either occur at the infrarenal or juxtarenal part of the lower abdomen.
Aortic Stents Grafts Market Regional Insights:
North America is expected to dominate the global market during the forecast period.
Ongoing technological advancements in the healthcare sector and prevalence of cardiovascular diseases and high incidence of AAAs in the US augment the market growth in the region. Advantages of this procedure, such as minimally invasive technique offering faster recovery of patients, are among the key factors propelling their adoption in the country.
The Asia Pacific is expected as the fastest-growing region during the forecast period.
APAC is experiencing the fastest growth as the geriatric population increasing rapidly more prone to chronic diseases, rising awareness, favourable government policies, increased healthcare expenditure and modernization in medical infrastructure essentially in developing nations like India, China and Japan.
The report also helps in understanding the Global Aortic Stents Grafts Market dynamics, structure by analyzing the market segments and project the Global Aortic Stents Grafts Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aortic Stents Grafts Market make the report investor’s guide.
Aortic Stents Grafts Market Scope: Inquire before buying
| Aortic Stents Grafts Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 3583.03 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 7.5% | Market Size in 2030: | USD 5944.42 Mn. |
| Segments Covered: | by Product Type | Abdominal aortic stent graft Thoracic aortic Aortic Stents Grafts |
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| by End users | Hospitals Nursing Homes Pediatric & Neonatal Clinics |
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Aortic Stents Grafts Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Aortic Stents Grafts Market Key players:
1. Cryolife Inc.
2. Cook Medical, Inc.
3. Lombard Medical Inc.
4. Endologix, INC.
5. Becton, Dickinson and Company
6. MicroPort Scientific Corporation Inc.
7. Medtronic Plc.
8. W.L. Gore & Associates
9. Cardinal Health Inc.
10. Terumo Corporation Inc.
11. Bolton Medical
12. Cardinal Health
13. C. R. Bard
14. JOTEC
Frequently Asked Questions:
1. Which region has the largest share in Global Aortic Stents Grafts Market?
Ans: North America region holds the highest share in 2023.
2. What is the growth rate of Global Aortic Stents Grafts Market?
Ans: The Global Aortic Stents Grafts Market is growing at a CAGR of 7.50% during forecasting period 2024-2030.
3. What is scope of the Global Aortic Stents Grafts market report?
Ans: Global Aortic Stents Grafts Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Aortic Stents Grafts market?
Ans: The important key players in the Global Aortic Stents Grafts Market are – Cryolife Inc., Cook Medical, Inc., Lombard Medical Inc., Endologix, INC., Becton, Dickinson and Company, MicroPort Scientific Corporation Inc., Medtronic Plc., W.L. Gore & Associates, Cardinal Health Inc., Terumo Corporation Inc., Bolton Medical, Cardinal Health, C. R. Bard, and JOTEC
5. What was the Global Aortic Stents Grafts Market size in 2023?
Ans: The Global Aortic Stents Grafts Market size was USD 3583.03 Million in 2023.