What is the global market size of the Branched Stent Grafts Market?

Global Branched Stent Grafts Market size was valued at USD 280.9 million in 2021 and is poised to grow from USD 303.09 million in 2022 to USD 556.86 million by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

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 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.

Branched Stent Grafts Market Report Snapshots

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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 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. '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.'

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.

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.

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.

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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

Branched Stent Grafts Market Dynamics

Branched Stent Grafts Market Report Snapshots

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What is the global market size of Branched Stent Grafts Market?

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