USD 2.55 billion
Aortic Stent Grafts Market Size, Share, Growth Analysis, By Product Type(Abdominal Aortic Stent Graft, and Thoracic Aortic Stent Graft.), By End User(Hospitals, and Ambulatory Surgical Centers/Outpatient Surgical Centers.), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35B2078 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
61
|Figures:
77
Aortic Stent Grafts Market Insights
Aortic Stent Grafts Market size was valued at USD 2.65 Billion in 2023 and is poised to grow from USD 2.76 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 4% during the forecast period (2025-2032).
An aortic stent is a metal skeleton enclosed in a fabric graft. In order to stop the aneurysm's blood supply from continuing, the graft usually works by applying pressure to the sections of the artery above and below the aneurysm. The stent is inserted into the aorta and forms a secure passageway for blood, thus, allowing the aneurysm to contract.
One of the key reasons influencing the growth of the global aortic stent graft market is the rising prevalence of aortic aneurysm among patients worldwide. The increase in demand for repairing thoracic and abdominal aneurysm is a result of the rise in cardiovascular diseases (CVDs), and the longer average life expectancy of people. The market is also driven by customers choosing endovascular repair over open surgical repair and by the rising preference for minimally invasive surgeries because of their reduced discomfort and quick recovery times. Additionally, the market for aortic stent grafts benefits from urbanization, increase in R&D activities, improved healthcare infrastructure, and unhealthy lifestyles of people. Additionally, the rise in investments on research and development and clinical trials on improving aortic stent graft designs are likely to create lucrative growth opportunities for market participants during the projected period.
On the other hand, the lack of awareness about new EVAR treatment as well as the danger of endoleaks and other problems associated with the use of aortic stent grafts may pose hindrance to the overall market expansion. The market for aortic stent grafts may also face certain challenges due to a shortage of skilled medical personnel in underdeveloped regions.
US Aortic Stent Grafts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - , (2024-2031
Global Market Size
Largest Segment
Abdominal Aortic Stent Graft
Fastest Growth
Abdominal Aortic Stent Graft
Growth Rate
4% CAGR
Global Aortic Stent Grafts Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Aortic Stent Grafts Market Segmental Analysis
Aortic Stent Grafts Market is segmented based on the product type, end user, and region. In terms of product type, the Aortic Stent Grafts Market is segmented into abdominal aortic stent graft, and thoracic aortic stent graft. Based on end user, the Aortic Stent Grafts Market is categorized into hospitals, and ambulatory surgical centers/outpatient surgical centers. As per classification by region, the Aortic Stent Grafts Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Aortic Stent Grafts Market Analysis by Product:
The abdominal aortic stent graft segment is predicted to hold the dominant share in 2022. An increase in the number of patients with abdominal aortic aneurysms, hypertension, unhealthy lifestyles, and heavy smoking habits are considered the key causes boosting the rising sales of aortic stent grafts. The most frequent type of aneurysm in men of age 65 and older is the abdominal aortic aneurysm (AAA). It happens at the area of the abdominal aorta where it crosses. Serious repercussions, including death, might result from improper or delayed treatment. As a result, several endovascular repair procedures are carried out each year. Abdominal aortic stent graft sales are being boosted by patients' choice for less invasive treatments over open surgeries for AAA, and this trend is anticipated to persist in the future, thereby attracting significant revenues for this segment in the coming years.
Aortic Stent Grafts Market Analysis by End User:
The hospitals segment, which accounts for the biggest revenue share over the projected period, is likely to continue dominating the aortic stents grafts market in the forecast period. This is being driven by a number of factors, such as the increase in hospitals around the world and government investments in improving healthcare facilities. In poor nations, people often frequently choose hospital treatment due to a lack of reimbursement regulations and little disposable cash. Thus, hospitals seem to be the most convenient option for most people in the low and middle-income category for healthcare assistance, thereby augmenting the growth of this segment in the coming years.
Global Aortic Stent Grafts Market By Product Type
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Aortic Stent Grafts Market Regional Insights
The market for aortic aneurysm stent grafts is anticipated to be dominated by North America. This is attributable to the rising aortic aneurysm cases, technological improvements, and robust financial incentives in the United States and Canada. Additionally, the increasing use of aortic aneurysm stent grafts in the nation will increase demand for therapies that incorporate them, thus, fostering a favourable environment for the expansion of the North American aortic aneurysm stent graft market.
The Asia Pacific market is projected to emerge as the fastest growing market for aortic stent grafts during the projected period. The geriatric population is growing quickly, making them more susceptible to chronic diseases. Additionally, government policies are favourable, healthcare spending is expanding, and medical infrastructure is being modernised, mostly in developing countries like India, China, and Japan.
Global Aortic Stent Grafts Market By Region
- Largest
- Fastest
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Aortic Stent Grafts Market Dynamics
Aortic Stent Grafts Market Drivers:
The Rising life expectancy rate is projected to serve as key growth driver
- The market for aortic stent grafts is anticipated to grow during the forecast period due to factors such as the adoption of endovascular repair over open surgical repair, growing life expectancy rate, the increasing use of minimally invasive surgeries, surge in number of clinical trials, and FDA approvals for the development of better aortic stent graft designs.
Increasing number of aortic aneurysm cases
- The main driver is the rise in cases of cardiac issues, especially aortic cases around the world, which augments higher product demand for and creates new market potential for aortic stent grafts.
Aortic Stent Grafts Market Restraint:
Lack of trained healthcare providers
- Nevertheless, the absence of adequately qualified healthcare providers, a lack of training about the new EVAR treatment, and the danger of endoleaks and other complications with aortic stent grafts may restrain market expansion throughout the forecast period.
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Aortic Stent Grafts Market Competitive Landscape
The competitive landscape for the global aortic stent grafts market is fragmented owing to the presence of multiple vendors. Most players are making heavy investments on R&D, and new market initiatives to gain a competitive edge and attract high revenues. Other vendors are focusing on increasing their global presence, production sites and facilities, production capacities, company strengths and weaknesses, and on new product launches to ensure their brand name stays amongst the top competitors.
Aortic Stent Grafts Market Top Player's Company Profiles
- Medtronic Plc
- Cook Medical Inc.
- Endologix Inc.
- W.L. Gore & Associates Inc.
- Terumo Corporation
- Lombard Medical Technologies
- MicroPort Scientific Corporation
- Merit Medical Systems Inc.
- JOTEC GmbH
- CryoLife Inc.
- Lifetech Scientific (Shenzhen) Co. Ltd.
- Becton, Dickinson and Company
- Endospan Ltd.
- Cardinal Health Inc.
- MicroVention Inc.
- Aptus Endosystems Inc.
- Altura Medical Inc.
- Penumbra Inc.
- Biomerics LLC
- Lombardi SA
Aortic Stent Grafts Market Recent Developments
- In November 2023, TekniPlex Healthcare signed a definitive purchase agreement to acquire Seisa Medical, a full solution, complex manufacturing partner, and leader in AAA stent manufacturing.
- In September 2022, Getinge AB reported a partnership with Medtronic plc for the Radiant stent, the first covered stent indicated for chimney endovascular aneurysm repair (ChEVAR). This new balloon-expandable stent graft for renal arteries obtained CE mark approval on Sept. 20.
Aortic Stent Grafts Key Market Trends
- The market for aortic aneurysm stent grafts is anticipated to grow rapidly as a result of an ageing population and an increase in patients with aortic aneurysms, increased regulatory approvals, and quickening technological development efforts. The market will expand from 2023 to 2030 due to a rise in the prevalence of cardiac disorders and rising consumer awareness of stents and graph devices.
Aortic Stent Grafts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
The aortic stent grafts market insight report offers information on the current and projected market, upcoming device innovation, individual leading companies' market shares, challenges, and market drivers, barriers, and trends for aortic aneurysm stent grafts. It also lists key manufacturers in the market.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to a detailed SkyQuest exclusive matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.55 billion |
| Market size value in the | USD 3.63 billion |
| Growth Rate | 4% |
| Base year | 2023 |
| Forecast period | , (2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Aortic Stent Grafts Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aortic Stent Grafts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aortic Stent Grafts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aortic Stent Grafts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aortic Stent Grafts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aortic Stent Grafts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aortic Stent Grafts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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