Stent Grafts Market to

20 May

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Stent Grafts Market to Grow with a CAGR of 4.3% over the Forecast Years

  • By admin

  • January, 1970

Stent grafts are transcatheter endovascular aortic repair (EVAR) procedures made of a fabric tube, supported by a metal mesh. It is used to support a weak spot in an artery called an aneurysm. They are used to treat a variety of vascular conditions such as Abdominal aortic aneurysms, thoracic aortic aneurysms and Aneurysms in other locations. Increase in incidences of cardiovascular diseases and rising adoption of minimally invasive surgical treatments propel the stent graft market.

 

The worldwide pandemic has caused around 33% of the populace under lockdown, around 184 nations are affected by the COVID 19 outbreak. The effect of the COVID 19 pandemic on the stent grafts market is expected to slightly diminish the demand of the product as nations resort to consistent lockdown to control the spread of the infection. As of now, as the whole medical care framework is principally cantered around treating this infection, elective medical procedures, unimportant clinical surgeries are postponed during the 2020 COVID-19 episode. This will prompt a fall in the quantity of surgeries directed in 2020, particularly in nations such as the U.S., the U.K., Italy, and Germany that are seriously hit by the COVID 19 pandemic and are the major revenue contributors to stent grafts market. Infinium Global Research’s recent report on the “Stent Grafts Market (By applications - Abdominal aortic aneurysm & thoracic aortic aneurysm) ): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market.

 

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Increasing Aging Population and Incidence of Cardiac Disorders to Drive the Market

Cardiovascular diseases are one of the major causes of death worldwide. Stenting of arteries as a percutaneous transluminal angioplasty procedure turn out to be a promising minimally invasive therapy based on re-opening narrowed arteries by stent insertion. The increasing aging population has a positive influence on the demand for stent-grafts. According to WHO, it is estimated that nearly 2 billion people will be aged 60 years and above by 2050. The disease patterns and age-specific levels of hypertension may vary among countries, resulting in high rates of cerebrovascular disease and CVD, which are likely to require costly medical treatments. Diabetes causes greater complications with CVD. According to WHO, it was estimated in 2014 that about 347 million people worldwide had diabetes. Raised blood glucose levels carry a 42% risk of heart attack or death. Thus, with the increasing aging and diabetic population, the global stent grafts market is expected to increase worldwide.

 

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North America to be the Dominant Region in Stent Graft Market

Geographically, North America generated the largest revenue in Stent Graft Market in 2019 and it is expected to continue its dominance over the forecast years. Rising prevalence of Abdominal Aortic Aneurysm diseases in this region upsurge the demand of stent grafts market. Factors such as increasing healthcare expenditure of population and growing adoption of minimally invasive surgery treatments contributes to the market growth in North America region. Further, increasing investments in advancing products and R&D activities by leading players offer growth opportunities to stent grafts market.

 

Companies Operating in Stent Graft Market to Focus on Strategic Collaboration to Gain Competitive Edge in the Market

The Stent Grafts market is moderately fragmented with the presence of regional as well as multinational players. The major players Johnson & Johnson, Abbott Laboratories, Lombard Medical Technologies, Terumo Medical Corp., WL Gore & Associates and Medtronic Inc are focusing on new product launches and facilitate other effective strategies to gain a competitive edge in the market. These manufacturers are improving their R&D activities as well as strategic partnership to strengthen their base in the market. These manufacturers are also focusing on technological innovation and collaboration with key distributors to strengthen market position. Infinium Global Research’s recent report on the global Stent Grafts Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments the global market.