USD 280.9 million
Branched Stent Grafts Market Size, Share, Growth Analysis, By Type(Iliac Stent and Others), By Application(EVAR, FEVAR, chimney, others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2108 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
62
|Figures:
75
Branched Stent Grafts Market Insights
Branched Stent Grafts Market size was valued at USD 303.09 million in 2022 and is poised to grow from USD 327.03 million in 2023 to USD 600.85 million by 2031, growing at a CAGR of 7.90% in the forecast period (2024-2031).
The branched stent graft was invented to treat aortic lesions. It will be used in the EVAR of pectoral aneurysm and arterial dissection, and it expands the use of the EVAR of pectoral aneurysm and arterial dissection from within the aorta to within each aorta and aorta. Increases in the number of endovascular cardiovascular disease repair (EVAR) procedures, improvements in patient care quality, and advancements in medical technology are major driving factors in the branched stent grafts market. Furthermore, the growing geriatric population, as well as the high prevalence of aortic aneurysm or abdominal aneurysm, are driving the growth of the branched stent grafts market.
However, the occurrence of the novel coronavirus and subsequent pandemic hampered the event of the global branched stent grafts market due to a decline in sales, a reduction in rate of growth, and the postponement of elective surgeries. And the growing demand for minimally invasive surgical procedures is also expected to provide numerous opportunities for the branched stent grafts market.
US Branched 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
Iliac Stent
Fastest Growth
Iliac Stent
Growth Rate
7.9% CAGR
Global Branched Stent Grafts Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Branched Stent Grafts Market Segmental Analysis
Branched Stent Grafts Market is segmented based on the type, application and region. Based on type, Branched Stent Grafts Market is segmented into Iliac Stent and Others. Based on application, Branched Stent Grafts Market is segmented into EVAR, FEVAR, chimney, others. Based on Region Branched Stent Grafts Market is categorized into North America; Europe, Asia Pacific, Latin America, Middle East & Africa.
Branched Stent Grafts Market Analysis by Type
Based on type, Iliac stents accounted for larger market value and are expected to grow more during the forecast period. The global increase in the incidence of Cardiovascular diseases (CVDs) is the primary factor driving segment growth. Rapid technological advancements, as well as widespread acceptance of stenting procedures, are expected to drive segment growth over the forecast period. Others are also expected to have the largest market share. Renal, celiac, gastric, femoral, fenestrated/branched, and super mesenteric stent graft systems are included in the segment. The growing geriatric population worldwide, which has a high incidence of stomach or digestive diseases, is a key factor driving segment growth.
Branched Stent Grafts Market Analysis by Application
Based on application, branched stent-grafts are commonly used in EVAR procedures. EVAR is further classified as chimney, Fenestrated Endovascular Aortic Aneurysm Repair (FEVAR), and other procedures. The other segment will account for more market value. Recent advances in branched stent grafts have enabled the treatment of multifaceted aortic aneurysms, including visceral arteries. Furthermore, new generation iliac bifurcated devices demonstrate favourable intraoperative and long-term outcomes, supporting market growth. During the forecast period, the chimney EVAR segment is expected to grow at a fast CAGR. Patient demand for endovascular aortic repair procedures is increasing rapidly around the world. Endovascular stent grafts are the preferred treatment option in the United States for approximately 80% of aortic aneurysm cases. This is anticipated to boost market growth.
Global Branched Stent Grafts Market By type 2022 (%)
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Branched Stent Grafts Market Regional Insights
North America has a largest revenue share. This is because the region has a well-developed healthcare infrastructure, key players, and reimbursement coverage. Furthermore, due to the strong presence of major market players, the regional market is highly competitive. Asia Pacific, on the other hand, is expected to be the fastest-growing regional market, with a CAGR of more over the forecast period.
This expansion can be attributed to rising healthcare spending and the rapidly expanding medical tourism sector in the Asia Pacific region. China, Japan, India, and Australia constitute the APAC region's developing economies. The presence of higher-quality healthcare infrastructure, convenience, and affordable treatment options in these countries are also expected to drive regional market growth.
Global Branched Stent Grafts Market By Geography, 2022-2030
- Largest
- Fastest
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Branched Stent Grafts Market Dynamics
Branched Stent Grafts Market Drivers
Increased EVAR Procedures to Bolster Market
- The rise in the number of endovascular aneurysm repair (EVAR) procedures, improvements in patient care quality, and advancements in medical technology are a few of the major factors that are influencing the branched stent grafts market. Furthermore, an ageing population and a high prevalence of AAA (abdominal aortic aneurysm) are driving growth in the branched stent grafts market.
Branched Stent Grafts Market Restraints
High Cost to Hinder Market Growth
- Endovascular aneurysm repair procedures are expensive. middle and lower class people cannot afford to pay for treatment. So high cost required for it is restraints for branched stent grafts market.
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Branched Stent Grafts Market Competitive Landscape
The branched stent grafts market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Branched Stent Grafts Market Top Player's Company Profiles
- Bolton Medical
- Cook Medical
- Endologix, Inc.
- Gore Medical
- JOTEC GmbH
- LeMaitre Vascular, Inc.
- Lombard Medical, Inc.
- Medtronic plc
- MicroPort Scientific Corporation
- Nano Endoluminal, S.L.
- pfm medical
- QualiMed Innovative Medizinprodukte GmbH
- Shanghai MicroPort Orthopedics Co., Ltd.
- Terumo Corporation
- TriVascular Technologies, Inc.
- Vascutek, Ltd.
- W. L. Gore & Associates, Inc.
- Yinyi Corp
- Zenith
- Zhejiang Talent Medical Devices Co., Ltd.
Branched Stent Grafts Market Recent Developments
- In March 2021, Medtronic collaborated with Spectrum Health to maximise value in healthcare and improve outcomes for patients in West Michigan.
Branched Stent Grafts Key Market Trends
- Abdominal endovascular aneurysm repair (AEVAR), branched endovascular aneurysm repair (BEVAR), and thoracic endovascular aneurysm repair (TEVAR) have all become standard treatments for aneurysms. The majority of people choose these procedures because they are safe, effective, less expensive, and reduce operative time. The success of these procedures is heavily reliant on the use of image guidance techniques such as X-rays.
- Some of the key trends shaping market growth are the growing preference for minimally invasive procedures, the implementation of favourable reimbursement policies, and the increasing number of FDA product approvals.
Branched Stent Grafts Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our branched stent grafts market analysis, in terms of type, Iliac stents held a larger market share because of high technological advancements in this segment. and in terms of application, chimney segment held larger market share due to the growing application scope of these products. Moreover, Increased adoption of EVAR procedures, global rise in the geriatric population, high demand for minimally invasive surgeries, and an increase in the incidence of aortic aneurysms are driving the branched stent grafts market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 303.09 million |
| Market size value in 2031 | USD 600.85 million |
| Growth Rate | 7.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 Branched 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 Branched 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 Branched 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 Branched 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 Branched Stent Grafts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Branched 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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