Global Stent Grafts Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of XX% during forecast period.
Global Stent Grafts Market Overview:
A stent graft is a tube-shaped device constructed from a rigid structure mostly a metal stent and a vascular conduit. It is inserted using catheter techniques and image guidance. The stent serves to anchor the graft in the blood vessel lumen, and in most cases provides structural support for the graft material.
Global Stent Grafts Market Dynamics:
Growing number of people suffering from cardiac diseases drives the market growth.
Rising incidences of diseases like cardiac disorders, obesity, and diabetes, which demand minimally invasive surgical procedures are the major growth drivers for the market. Also, the adoption of the EVAR procedures for the treatment of aortic diseases contributes to market growth. Endovascular repair (EVAR) is the placement of a stent-graft (fabric-covered tube) into the aneurysm through a small hole in the blood vessels in the groin. Despite these advantages, the risk involved with stent graft may impact negatively the market growth.
Global Stent Grafts Market Segment Analysis:
The global Stent Grafts market is segmented on the basis of product, application and type.
Based on application, Abdominal Aortic Aneurysm (AAA) is a prominent segment used in aortic repair by using a procedure of Endovascular aneurysm repair. This procedure has improved patient survival despite the high cost of care. AAA has a high mortality rate of 80% in case of rupture. Before rupture, most aneurysms are asymptomatic and unknown. The prevalence of AAA rises with age. Rupture is relatively uncommon before age 65.
Based on type, aorta-uni-iliac is the commonly used stent graft type. It is more convenient in cases of high-risk patients with complex iliac anatomy, r-AAAs, or redo surgery for failed grafts. The Endurant II AUI Stent Graft System from Medtronic is the only FDA-approved AUI device in the United States indicated for the primary endovascular treatment of infrarenal abdominal aortic or aorto-iliac aneurysms in patients whose anatomy does not allow for the use of a bifurcated device.
Global Stent Grafts Market by application
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Global Stent Grafts Market Regional Insights:
Global Stent Grafts Market
North America is expected to dominate the global market during forecast period.
Ongoing technological advancements in the healthcare sector and prevalence of cardiovascular diseases and other chronic diseases in the US augment the market growth in the region. Advantages of this procedure, such as minimally invasive technique offering faster recovery of patients are among the key factors propelling their adoption in the country.
Asia Pacific is expected as the fastest growing region during forecast period.
APAC is experiencing the fastest growth as the geriatric population increasing rapidly more prone to chronic diseases, rising awareness, favorable government policies, increased in healthcare expenditure and modernization in medical infrastructure essentially in developing nations like India, China, and Japan.
The report also helps in understanding Global Stent Grafts Market dynamics, structure by analyzing the market segments and project the Global Stent Grafts Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Stent Grafts Market make the report investor’s guide.
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Global Stent Grafts Market table
Global Stent Grafts Market, By Region:
• North America
• Europe
• South America
• MEA
• APAC
Key players operating in global Stent Grafts market:
• Cook Medical, Inc.
• Covidien plc
• Medtronic, Inc.
• C. R. Bard, Inc.
• Lifetech Scientific (Shenzhen) Co. Ltd.
• B. Braun Melsungen AG
• Shanghai MicroPort Medical (Group) Co., Ltd.
• Terumo Medical Corporation
• W. L. Gore & Associates, Inc.
• Endologix, Inc.
• Johnson & Johnson Services
• Abbott Laboratories
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