Abdominal Aortic Stent Graft System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An abdominal aortic aneurysm is common in men aged 65 or older, and it occurs below the chest. An abdominal aortic aneurysm is caused by atherosclerosis with symptoms such as pain in the legs, groin, buttocks, or deep pain in the back. The abdominal aortic stent graft is used to treat the abdominal aneurysm. For abdominal aortic aneurysm, the endovascular aneurysm repair (EVAR) treatment is used in which a graft is inserted into the aorta to strengthen it. The grafting surgery is less invasive and has various advantages than open surgery, such as reduced length of stay in the hospital, reduced blood loss, and time under general anesthesia.

MARKET SCOPE

The "Global Abdominal Aortic Stent Graft System Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the abdominal aortic stent graft system market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading abdominal aortic stent graft system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global abdominal aortic stent graft system market is segmented into polymer and metal.
  
•  On the basis of application, the market is bifurcated into hospital, ambulatory surgical centers and specialty clinics.
  

MARKET DYNAMICS

Drivers

•  The increasing prevalence of abdominal aortic aneurysms drives the demand of the abdominal aortic stent graft system market.
  
•  Technological advancements and the adoption of minimally invasive surgeries boost the market growth.
  
•  The increasing number of clinical trials fuel the market growth.
  

Restraints

•  Risk of certain complications regarding the aortic stent-grafts.
  
•  High cost of the aortic stent graft.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The abdominal aortic stent graft system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the abdominal aortic stent graft system market in these regions.

IMPACT OF COVID-19 ON ABDOMINAL AORTIC STENT GRAFT SYSTEM MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to the rising incidence of COVID-19, the number of emergencies has fallen as people try to stay away from hospitals, and also elective procedures were delayed or canceled, resulting in reduced patient pool and financial challenges for the manufacturers. The surgeons also follow the COVID-19 guidelines to reduce the risk of infection to staff and patients. Hence, the abdominal aortic stent graft system market was significantly affected. However, with the surge in procedures after the removal of restrictive measures, the manufacturers will slowly recover from the financial impact of COVID-19.

MARKET PLAYERS

The report covers key developments in the abdominal aortic stent graft system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from abdominal aortic stent graft system market are anticipated to have lucrative growth opportunities in the future with the rising demand for abdominal aortic stent graft system in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the abdominal aortic stent graft system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Medtronic
  
•  Cardinal Health, Inc.
  
•  COOK Medical
  
•  W. L. Gore
  
•  Shanghai Microport Orthopedics
  
•  Endologix
  
•  Bentley InnoMed
  
•  Terumo Medical Corporation
  
•  Cordis
  
•  Jotec GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Abdominal Aortic Stent Graft System Report Scope