A stent graft device is a specialized medical implant designed to treat aortic aneurysm through minimally invasive endovascular techniques. The stent graft is made of a thin metal mesh called the stent, covered with a thin polyester fabric called the graft. It is inserted through a catheter and placed inside the aorta. Once in place, the stent graft stays fixed, and blood flows through it, protecting the affected part of the aorta and preventing the rupturing of an aneurysm. Increasing incidence of aortic aneurysm and rising demand for minimally invasive procedures such as endovascular repairs drive the aortic stent grafts market growth. However, product recalls initiated by the market players hinder the market growth. Furthermore, technological advancements and strategic activities by the manufacturers are expected to bring new aortic stent grafts market trends in the coming years.
Improvements in medical science and technologies have given way to minimally invasive devices, which can aid in replacing traditional painful surgical methods with minimally invasive or noninvasive methods. Minimally invasive techniques have gained popularity in surgical fields such as cardiac surgery. Endovascular aneurysm repair (EVAR) is a minimally invasive procedure for treating abdominal aortic aneurysms. The procedure is performed by inserting a stent graft into the affected part of the aorta and uses a smaller incision than open cardiac surgery to enable wound healing and reduce procedure time. An article published by JAMA Network in May 2022, a study conducted to compare long-term outcomes of EVAR with open repair of AAA, suggested that endovascular repair is associated with lower risk than open repair in treating abdominal aortic aneurysm. Additionally, surgeons have embraced minimally invasive techniques due to their potential benefits, and advancements in medical devices and surgical skills have further facilitated widespread adoption. As a result, healthcare institutions are investing in training their medical teams and acquiring the necessary equipment to meet the increasing demand for elective aortic aneurysm repair surgeries, thereby providing patients with improved treatment options and enhanced overall healthcare experiences.
Thus, the increasing demand for minimally invasive devices drives the aortic stent grafts market growth.
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Aortic Stent Grafts Market: Strategic Insights
The “global aortic stent grafts market analysis to 2031” has been carried out by considering the following segments: product and end user.
Based on product, the market is bifurcated into abdominal aortic and thoracic aortic stent grafts. The abdominal aortic stent graft segment held the larger aortic stent grafts market share in 2023.
In terms of end user, the market is segmented into hospitals and ambulatory surgical centers. The hospital segment is anticipated to hold a significant market share during 2023–2031, owing to the presence of specialized and complex scientific instruments.
The scope of the global aortic stent grafts market report focuses on North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa.
In terms of revenue, North America dominated the aortic stent grafts market share in 2023. The increasing prevalence of aortic aneurysms owing to the high number of smokers and high preference for minimally invasive operations, supported by favorable reimbursement regulations, and the increasing expenditure on healthcare services across the US are the key factors driving the growth of the market in the country. For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in September 2021, having a history of smoking is responsible for ~ 75% of abdominal aortic aneurysms and men over 65 years and above who have a history of smoking are recommended to receive an abdominal aortic aneurysm ultrasound screening, even if they are asymptomatic, by the U.S. Preventive Services Task Force. In addition, according to the Society for Vascular Surgery (SVS), ~ 200,000 people are diagnosed with AAA in the US every year. Thus, a rising incidence of cardiovascular conditions such as aortic aneurysms among the population boosts the demand for aortic stent grafts in the US, facilitating the expansion of the aortic stent grafts market.
The regional trends and factors influencing the Aortic Stent Grafts Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aortic Stent Grafts Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.49 Billion |
| Market Size by 2031 | US$ 4.04 Billion |
| Global CAGR (2023 - 2031) | 6.2% |
| Historical Data | 2021-2023 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aortic Stent Grafts Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aortic Stent Grafts Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aortic stent grafts market forecast can help stakeholders in this marketplace plan their growth strategies. As per press releases by key players operating in the market, a few initiatives are listed below:
ENDOLOGIX INC; Terumo Corporation; Radcliffe Medical Media; Cook; MicroPort Scientific Corporation; Corcym; LeMaitre Vascular, Inc; W. L. Gore & Associates, Inc.; JOTEC GmbH; and Medtronic are among the prominent players profiled in the aortic stent grafts market report. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios.
The List of Companies - Aortic Stent Grafts Market
The aortic stent grafts market is expected to be valued at US$ 4.04 billion in 2031.
Based on product, the aortic stent grafts market is bifurcated into abdominal aortic stent graft and thoracic aortic stent graft. The abdominal aortic stent graft segment held a larger market share in 2023.
The aortic stent grafts market was valued at US$ 2.49 billion in 2023.
The aortic stent grafts market majorly consists of the players, including ENDOLOGIX INC; Terumo Corporation; Radcliffe Medical Media; Cook; MicroPort Scientific Corporation; Corcym; LeMaitre Vascular, Inc; W. L. Gore & Associates, Inc.; JOTEC GmbH; and Medtronic.
Key factors driving the aortic stent grafts market growth are increasing incidence of aortic aneurysm and rising demand for minimally invasive procedures such as endovascular repairs.
An aortic stent graft device is a specialized medical implant designed to treat aortic aneurysm through minimally invasive endovascular techniques. The stent graft is made of a thin metal mesh called the stent, covered with a thin polyester fabric called the graft. It is inserted through a catheter and placed inside the aorta. Once in place, the stent graft stays fixed, and blood flows through it, protecting the affected part of the aorta and preventing the rupturing of an aneurysm.