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.
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
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
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.
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.
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.
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.