Aortic Stents Grafts Market - Forecast(2024 - 2030)

Report Code: HCR 1442 Report Format: PDF + Excel

Aortic Stents Grafts Market Overview

Aortic Stents Grafts Market size was valued at $4,089 million in 2020 and is expected to grow with a CAGR of 7.8% during the forecast period 2021-2026. The Aortic Stents Grafts industry growth rate is attributed to the rise in the demand for minimally invasive surgeries, the development of innovative and advanced products and the technological advancements. The aortic stent graft is a new aneurysm treatment alternative. An artificial stent graft is placed over the widening and administered through an arterial blood vessel in the groin. Endovascular aneurysm repair is the name for this procedure. Aortic aneurysms may be treated with a variety of stent grafts. They may vary in terms of deployment techniques, design, and material composition. Furthermore, favorable reimbursement policies and increasing adoption of minimally invasive surgeries among physician and patients is further set to boost the overall market growth.

Report Coverage

The report: “Aortic Stents Grafts Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Aortic Stents Grafts Market:
By Aneurysm Type: Abdominal Aortic Stent Graft and Thoracic Aortic Stent Graft.
By End Users:  Hospitals, Ambulatory Surgical Centers and Outpatient Surgical Centers.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).

Key Takeaways

  • North America dominated the Aortic Stents Grafts Market with a share of 37.2% in the year 2020.     
  • The factors such as rising prevalence of aortic aneurysm, adoption of endovascular repair over open surgical repair, rising life expectancy rate are amongst the major factor projected to impel growth of Aortic Stents Grafts Market.
  • Rapid advancements in the number clinical trials, rising adoption of minimally invasive surgeries and FDA approvals for improvement of aortic stent grafts designs are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

Aortic Stents Grafts Market Segment Analysis - By Aneurysm Type

On the basis of aneurysm type, abdominal aortic stent graft segment accounted for the largest segmental revenue of the biologic excipients market in 2020. The abdominal aortic stent graft segment held the largest market on account of the increase in the aging population and the rise of abdominal aortic aneurysm. Furthermore, the increasing awareness towards innovative treatment options and advancements in diagnostic technologies are some of the other factors contributing to the growth of the aortic stent graft market.

On the contrary, thoracic aortic stent graft segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 7.9%. The prime factors supplementing the growth of this segment during the forecast years include the growing preference for endovascular aneurysm repair procedures, especially in the developed economies of the world. In addition, vendors are focusing on bifurcated abdominal aortic stent grafts, which are compatible with endovascular aneurysm repair procedures. They are also extensively investing in R&D activities and conducting clinical trials to develop innovative devices is also bolstering the aortic stents grafts market growth during the forecast period 2021-2026.

Global Aortic Stents Grafts Market, By Aneurysm Type 2020(%)

 

Aortic Stents Grafts Market Segment Analysis - By End User

On the basis of end user, hospitals segment accounted for the largest segmental revenue of the aortic stents grafts market in 2020 and is poised to dominate over the forecast period 2021-2026 owing to the fact that hospitals perform aortic aneurysm repair procedures at a large scale for both abdominal and thoracic aortic aneurysms. Furthermore, the high number of aortic aneurysms, coupled with the wide acceptance of MI procedures over open repair procedures for treating aortic aneurysms, is boosting the market growth of the hospital segment and is likely to continue during the forecast period.

On the other hand, ambulatory surgical centers segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 8.0%. The ambulatory surgical centers segment is to witness a healthy growth as ambulatory surgical centers offer cost-effective aneurysm repair procedures with improved clinical outcomes. Furthermore, owing to the increasing preference among patients to undergo MI procedures such as endovascular aneurysm repair and endovascular aneurysm repair in ambulatory surgical centers than hospitals is anticipated to positively impact the growth of this segmental market growth.

Aortic Stents Grafts Market Segment Analysis - By Geography

North America is the major region dominating the aortic stents grafts market with a market share of 37.2% in the year 2020. This can be attributed to the growing rate significance due to the growing preference for technologically advanced grafts and MI repair techniques such as endovascular aneurysm repair and FEVAR. Moreover, the increasing aging population and the growing number of people diagnosed with aortic aneurysms have a significant impact on the aortic stents grafts market. Apart from this, the presence of highly sophisticated healthcare infrastructure, the high awareness toward advanced treatment options such as endovascular aneurysm repair, and increased R&D for innovative grafts are other attributes, are driving the aortic market in North America. However, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to the emergence of considerably large opportunities for key local players in the coming years in countries like India and China among others. Furthermore, the increasing healthcare expenditure and the presence of a large pool of patient population with aortic aneurysms in the region are likely to increase the market share in the APAC region. Japan, China, and Australia are the major revenue contributors in the region

Aortic Stents Grafts Market Drivers

Rising Number of Clinical Trials and FDA Approvals

The Aortic Stents Grafts market is poised to receive upswing owing to increasing number of clinical trials and FDA approvals for improvement of aortic stent grafts designs has yielded new and better products to overcome anatomical constraints. Similarly, increasing partnerships and mergers among the key market players for research and development and geographical expansion are some other factors poised to boost the aortic stent grafts market growth. Furthermore, favorable reimbursement policies and increasing adoption of minimally invasive surgeries among physician and patients are also propelling the growth of the aortic stent grafts market.

Aortic Stents Grafts Market Challenges

Product Recalls and Lack of Trained Healthcare Providers

Despite several drivers, product recalls, lack of trained healthcare providers, less awareness regarding new endovascular aneurysm repair treatment options among the general population and risk of endoleaks and other complications associated with the stent graft implants is anticipated to hamper the market growth in the mentioned forecast period 2021-2026.

Aortic Stents Grafts Market Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Aortic Stents Grafts Market. In 2020, Aortic Stents Grafts Market share is fragmented by the top ten players present in the market. Aortic Stents Grafts Market top 10 companies are Cook Medical, Inc., W.L. Gore & Associates, MicroPort Scientific Corporation Inc., Medtronic Plc., Lombard Medical, Inc., Endologix, INC., Terumo Corporation Inc., Cardinal Health Inc., Becton, Dickinson and Company, Cryolife Inc. and others.

Acquisitions/Product Launches

  • In October 2020, Endologix launched Alto abdominal stent graft system in Europe. Alto offers a highly differentiated endovascular treatment option for AAA [abdominal aortic aneurysm] patients thereby, preserving the long-term durability associated with patient-specific anatomically adaptive sealing.
  • In September 2020, Terumo aortic announces commercial launch of TREO abdominal stent graft system in the United States.

Relevant Reports:

Report Code: HCR 46659

Report Code: HCR 84205

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1. Aortic Stents Grafts Market - Overview
    1.1 Definitions and Scope
2. Aortic Stents Grafts Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Aneurysm Type
    2.3 Key trends by End Users
    2.4 Key trends by Geography
3. Aortic Stents Grafts Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Aortic Stents Grafts Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Aortic Stents Grafts Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Aortic Stents Grafts Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Aortic Stents Grafts Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Aortic Stents Grafts Market – By Aneurysm Type (Market Size –$Million/$Billion)
    8.1 Abdominal Aortic Stent Graft
    8.2 Thoracic Aortic Stent Graft
9. Aortic Stents Grafts Market - By End Users (Market Size –$Million/$Billion)
    9.1 Hospitals
    9.2 Ambulatory Surgical Centers
    9.3 Outpatient Surgical Centers
10. Aortic Stents Grafts Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Russia
        10.2.5 Italy
        10.2.6 Spain
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Others
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
        10.5.3 South America
11. Aortic Stents Grafts Market - Entropy
12. Aortic Stents Grafts Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Aortic Stents Grafts Market – Key Company List by Country Premium Premium Premium
14. Aortic Stents Grafts Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competition Analysis Market 2023-2030 ($M)
2.Global Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
2.1 By Product Type, Market 2023-2030 ($M) - Global Industry Research
2.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
2.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
2.2 By Product Type, Market 2023-2030 ($M) - Global Industry Research
3.Global Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
3.1 By End User, Market 2023-2030 ($M) - Global Industry Research
3.1.1 Hospitals Market 2023-2030 ($M)
3.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
3.2 By End User, Market 2023-2030 ($M) - Global Industry Research
4.Global Competition Analysis Market 2023-2030 (Volume/Units)
5.Global Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 (Volume/Units)
5.1 By Product Type, Market 2023-2030 (Volume/Units) - Global Industry Research
5.1.1 Abdominal Aortic Stent Graft Market 2023-2030 (Volume/Units)
5.1.2 Thoracic Aortic Stent Graft Market 2023-2030 (Volume/Units)
5.2 By Product Type, Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 (Volume/Units)
6.1 By End User, Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Hospitals Market 2023-2030 (Volume/Units)
6.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 (Volume/Units)
6.2 By End User, Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Competition Analysis Market 2023-2030 ($M)
8.North America Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
8.1 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
8.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
8.2 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
9.North America Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
9.1 By End User, Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Hospitals Market 2023-2030 ($M)
9.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
9.2 By End User, Market 2023-2030 ($M) - Regional Industry Research
10.South America Competition Analysis Market 2023-2030 ($M)
11.South America Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
11.1 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
11.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
11.2 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
12.South America Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
12.1 By End User, Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Hospitals Market 2023-2030 ($M)
12.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
12.2 By End User, Market 2023-2030 ($M) - Regional Industry Research
13.Europe Competition Analysis Market 2023-2030 ($M)
14.Europe Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
14.1 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
14.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
14.2 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
15.Europe Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
15.1 By End User, Market 2023-2030 ($M) - Regional Industry Research
15.1.1 Hospitals Market 2023-2030 ($M)
15.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
15.2 By End User, Market 2023-2030 ($M) - Regional Industry Research
16.APAC Competition Analysis Market 2023-2030 ($M)
17.APAC Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
17.1 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
17.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
17.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
17.2 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
18.APAC Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
18.1 By End User, Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Hospitals Market 2023-2030 ($M)
18.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
18.2 By End User, Market 2023-2030 ($M) - Regional Industry Research
19.MENA Competition Analysis Market 2023-2030 ($M)
20.MENA Aortic Stents Grafts Market Analysis and Forecast , By Product Type Market 2023-2030 ($M)
20.1 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
20.1.1 Abdominal Aortic Stent Graft Market 2023-2030 ($M)
20.1.2 Thoracic Aortic Stent Graft Market 2023-2030 ($M)
20.2 By Product Type, Market 2023-2030 ($M) - Regional Industry Research
21.MENA Aortic Stents Grafts Market Analysis and Forecast , By End User Market 2023-2030 ($M)
21.1 By End User, Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Hospitals Market 2023-2030 ($M)
21.1.2 Ambulatory Surgical Centers/Outpatient Surgical Centers Market 2023-2030 ($M)
21.2 By End User, Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
2.Canada Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
3.Mexico Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
4.Brazil Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
5.Argentina Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
6.Peru Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
7.Colombia Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
8.Chile Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
9.Rest of South America Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
10.UK Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
11.Germany Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
12.France Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
13.Italy Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
14.Spain Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
15.Rest of Europe Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
16.China Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
17.India Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
18.Japan Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
19.South Korea Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
20.South Africa Aortic Stents Grafts Sales Data 2019 Market Revenue, 2023-2030 ($M)
21.North America Aortic Stents Grafts Sales Data 2019 By Application
22.South America Aortic Stents Grafts Sales Data 2019 By Application
23.Europe Aortic Stents Grafts Sales Data 2019 By Application
24.APAC Aortic Stents Grafts Sales Data 2019 By Application
25.MENA Aortic Stents Grafts Sales Data 2019 By Application