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Stent Grafts Market (Application - Abdominal Aortic Aneurysm, and Thoracic Aortic Aneurysm): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : HC0270

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the stent grafts market provides in-depth analysis of segments and sub-segments in the global as well as regional stent grafts market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional stent grafts market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global stent grafts market. According to the report, the global stent grafts market is projected to grow at a CAGR of 4.3% over the forecast period of 2020-2026.


Stent Grafts Market

Market Insight

The stent-graft is a tubular structure consisting of two stent and graft elements. The stent is a structure of metal mesh used to provide the graft with protection. The catheter is used to supply the artery with a stent to support a weak spot called an aortic aneurysm. Endovascular Aneurysm Repair is a minimally invasive technique for treating aortic aneurysms using stent-grafts. The stent graft reduces aneurysm pressure and creates a new blood flow channel. This reduces the risk of rupture. The stent grafting is also used to treat a variety of complex vascular conditions such as Abdominal aortic aneurysms, Thoracic aortic aneurysms, and Aneurysms in other locations.

 

Major factors that are responsible for the growth of the stent graft market are the growing number of people are suffering from the cardiac disorder, obesity, and diabetes among the population and the adoption of endovascular repair over open surgical repair. Furthermore, other factors that are projected to strengthen the growth of the global stent graft market are the rising adoption of EVAR procedure to treat aortic disease and rising demand for minimally invasive procedures for surgeries. However, the risk involved in the treatment with stent graft restrains the market growth. Furthermore, rapid technological advancements in EVAR and an increasing number of clinical trials expected to enhance the demand for stent-graft in the forecast period.

 

In addition, the current concern over the spread of novel coronavirus is also projected to have a negative impact on the stent graft market for the short term. The primary factors anticipated to exert an impact on the medical device industry include delay in outpatient hospital visits for non-urgent treatments, reduced production of surgical equipment, supply chain disruptions, and restrictions on surgical procedures. Most of the medical centers and hospitals either delayed or completely canceled elective surgical procedures, including cardiovascular, aortic procedures due to pandemic. SMEs operating in stent graft and surgical device manufacturing experiencing a negative impact on demand owing to decline in the number of AAA procedures. However, the impact of COVID-19 on the medical device industry is estimated to be neutralized by a larger portfolio and revenue gained from other product lines. 

 

Among the geographies, the North America region is expected to hold the largest share in the global stent graft market. The high incidence of aortic aneurysms in the United States contributes to the market growth of stent grafts in the North America region. Further, factor such as the presence of leading surgical device manufacturers in this region, and technological innovation in the stent graft system. is projected to boost the market growth in the region. However, the Asia Pacific region is anticipated to witness significant growth during the forecast period due to the growing demand for minimally invasive medical procedures in the region.

 

Segment Covered

The report on global stent grafts market covers segments such as application. On the basis of application, the sub-markets include abdominal aortic aneurysm, and thoracic aortic aneurysm.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Lifetech Scientific, Medtronic Plc, B. Braun Melsungen AG, Johnson & Johnson Services, Abbott Laboratories, Endologix, Inc., Terumo Medical Corp, Cook Medical Inc., WL Gore & Associates, and C. R. Bard, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of stent grafts market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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