Aortic Stents Grafts Market

Aortic Stents Grafts Market

Aortic Stent Grafts refer to a novel therapy option for aneurysms. A prosthetic stent graft is placed over the widening and administered through an arterial blood artery in the groin area. These are mostly employed for endovascular repair of thoracic and abdominal aortic aneurysms. Endovascular aneurysm repair is becoming more popular, which is likely to drive the global aortic stents grafts market in the years. Furthermore, technological advancements are expected to improve the market for aortic stent grafts. The major companies in the aortic stents grafts market are putting in significant effort to raise consumer knowledge of the products' availability and advantages. The major companies in the aortic stents grafts market are putting in significant effort to raise consumer knowledge of the products' availability and advantages. In the future years, this is projected to boost market growth.

Because it includes a lower fatality rate, a lower risk of complications and blood transfusions, and fewer incisions, EVAR is chosen as a MI surgery over conventional open operations. Because EVAR may be done under local anesthetic and requires a brief hospital stay, it is comfortable and convenient for both patients and surgeons. Since 2011, EVAR has accounted for 70% to 80% of all abdominal aortic aneurysms (AAA) procedures across the globe. As a result, development of the global aortic stents grafts market is likely to be fueled by the growing demand for MI EVAR in the treatment of aortic aneurysms. However, a shortage of skilled healthcare practitioners, a lack of knowledge about innovative EVAR treatments, and the danger of endoleaks and other problems with aortic stent grafts may stymie market expansion.

Global Aortic Stents Grafts Market: Overview 

The global market for aortic stents grafts is developing at a healthy pace in the last few years. The strong growth of this market can be attributed to the rise in the demand for minimally invasive surgeries, which is expected to propel the market throughout the forecast period. Furthermore, the development of innovative and advanced products and the technological advancements in this field are projected to offer growth opportunities for the market players in the coming few years. The research study offers a detailed study of the aortic stents grafts market and throws light on the geographical outlook, key segmentation, and the competitive landscape. 

Global Aortic Stents Grafts Market: Key Trends 

The leading players in the aortic stents grafts market are making noteworthy efforts so as to create consumer awareness concerning the availability and benefits of aortic stents grafts. This is expected to enhance the market growth in the coming few years. Moreover, the rise in the number of clinical trials and the development of new drugs and therapeutics that are approved by FDA is projected to accelerate the growth of the aortic stents grafts market in the next few years. However, the lack of trained healthcare professionals and product recall are predicted to act as the crucial challenges for the players, which are projected to hamper the growth of the overall market in the near future. 

Global Aortic Stents Grafts Market: Market Potential 

In the last few years, the healthcare segment has developed significantly, especially in the emerging economies. The rise in the prevalence of aortic aneurysm and the rising adoption of endovascular repair in comparison with the surgical repair are the major factors that are likely to enhance the growth of the market throughout the forecast period. In addition to this, the increasing investments for the research and development activities and the favorable government reimbursement activities are further estimated to accelerate the growth of the aortic stents grafts market in the near future.   

Global Aortic Stents Grafts Market: Regional Outlook 

The global market for aortic stents grafts market has been classified on the basis of geography into Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. In the last few years, North America held a massive share of the global aortic stents grafts market. As per the study, this region is predicted to continue its dominance throughout the forecast period, thanks to the availability of advanced healthcare facilities. Furthermore, Asia Pacific is expected to witness promising growth in the next few years. The rise in the research activities, the increasing health expenditure, and the rising consumer awareness are some of the key aspects that are predicted to propel the aortic stents grafts market across Asia Pacific in the near future. 

Global Aortic Stents Grafts Market: Competitive Analysis 

The global market for aortic stents grafts is competitive in nature with a presence of a large number of players operating worldwide. The development of new products and the rising research and development activities are the major strategies that have been adopted by the leading players in order to enhance their market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions and collaborations is predicted to offer potential opportunities for the leading players in the near future. Some of the key players operating in the aortic stents market across the globe are Cryolife Inc., Cook Medical, Inc., Lombard Medical Inc., Endologix, INC., Becton, Dickinson and Company, MicroPort Scientific Corporation Inc., Lombard Medical, Inc., Medtronic Plc., W.L. Gore & Associates, Cardinal Health Inc., and Terumo Corporation Inc.