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.
https://www.infiniumglobalresearch.com/reports/sample-request/1333
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.
https://www.infiniumglobalresearch.com/reports/enquiry/1333
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.
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.