Aortic Stents Grafts Market

Aortic Stents Grafts Market: Increasing Demand for Abdominal Aortic Stent Graft to be Witnessed in the Coming Years: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

  • 2018-07-12
  • REP-GB-865
  • 215 pages
  • PDF PPT EXCEL
 Aortic Stents Grafts Market

An Incisive, In-depth Analysis on the Aortic Stents Grafts Market

This study offers a comprehensive, 360 degree analysis on the Aortic Stents Grafts market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Aortic Stents Grafts market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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An aneurysm is widening of an artery. Aorta is a large artery that delivers blood from the heart to the body organs. If an aneurysm occurs in the aorta it can expand and may rupture, resulting in death. Increasing aging population and prevalence of aortic aneurysm are the key factors expected to impel the growth of the aortic stents grafts market. Prevalence of abdominal aortic aneurysm (AAA) rises with the age, especially after 60 years of age. Likewise, the number of AAA patients could increase with aging population. Abdominal aortic aneurysm is the common disease in Western countries; the prevalence of AAA is 2–5% in men greater than 65 years and 1–2% among women over 65 years old.

Aortic stent graft is the new treatment option for aneurysm. This treatment involves an artificial stent graft, delivered through an arterial blood vessel in the groin, fixed over the widening. This technique is called endovascular repair. There are different types of stent grafts available for aortic aneurysm. They can differ based on deployment techniques, design, and material they are made of. Aortic stent grafts are basically used for abdominal and thoracic aortic aneurysm endovascular repair. In this report, the aortic stent grafts market is further categorized into product type and end user. The report analyses the demand for hospitals, ambulatory surgical centres and outpatient surgical centres for different regions.

Market Value and Forecast

In terms of revenue, the global aortic stent grafts market is projected to expand at 7.6% CAGR over the forecast period of 2018–2028, and is expected to be valued at US$ 4,818.5 Mn by 2028 end.

Aortic-Stent-Grafts-Market.jpg

Market Dynamics

The global demand for aortic stent grafts is growing as a result of increasing prevalence of aortic aneurysm. Increasing adoption of endovascular repair over open surgical repair and rising life expectancy rate are expected to create favourable market prospects for the players operating in the aortic stent grafts market. Besides, favourable reimbursement policies and increasing adoption of minimally invasive surgeries among physician and patients are also propelling the growth of the aortic stent grafts market. 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. Likewise, increasing partnerships and mergers among the key market players for research and development and geographical expansion are some other factors expected to boost the aortic stent grafts market growth.

However, product recalls, lack of trained healthcare providers, less awareness regarding new EVAR treatment options among the general population and risk of endoleaks and other complications associated with the stent graft implants are the some of the factors expected to hamper the growth of the aortic stent grafts market.

Key Regions

Geographically, the global aortic stent grafts market is segmented into seven major regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (Asia-Pacific excluding Japan), Japan and the Middle East & Africa (MEA). In terms of value, North America dominated the global aortic stent grafts market in 2017 and is expected to expand at a healthy CAGR over the forecast period of 2018–2028. Japan is expected to be the fast-growing market, in terms of revenue growth, in the global aortic stent grafts market, registering double digit growth over 2018–2028.

Key Players

Examples of some of the key players identified in the global aortic stent grafts market 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 Lombard Medical Inc., among others. Merger & acquisition activities are emerging as the prominent trend among the key market players operating in the aortic stent grafts market.

Future Market Insights (FMI) offers a 10-year forecast on the global aortic stent grafts market. The primary objective of the report is to offer updates and information related to market opportunities in the global aortic stent grafts market.

Report Description

In terms of revenue, the global aortic stent grafts market is expected to register a CAGR of 7.6% during the forecast period of 2018–2028. The primary objective of the report is to offer insights on the market dynamics that can influence the growth of the global aortic stent grafts market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global aortic stent grafts market are presented in the report.

The global demand for aortic stent grafts is increasing as a result of rising life expectancy and increasing prevalence of aneurysm. Merger & acquisition activities among manufacturers, launch of bifurcated and fenestrated aortic stent grafts, adoption of new surgical techniques are expected to spur the demand for aortic stent grafts. Besides, increase in global healthcare expenditure, adoption of minimally invasive surgeries, favorable reimbursement policies for endovascular repair surgeries are the other factors also expected to boost the aortic stent grafts market growth.

The revenue of the aortic stent grafts market in Japan is expected to grow at a high rate due to growing adoption of EVAR procedures and favourable reimbursement policies. To understand and assess opportunities in this market, the report offers the market forecast on the basis of product type and end users. The report provides analysis on the global aortic stent grafts market in terms of market value (US$ Mn).

The report begins with the market definition, followed by definitions of the different aortic stent grafts types. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global aortic stent grafts market. Opportunity analysis provided in the section allows clients to better equip with crystal clear decision-making insights

The subsequent section of the report provides analysis of market on the basis of regions and presents forecast in terms of value for the next 10 years. The regions covered in the report include:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Western Europe

    • Germany

    • Italy

    • France

    • Spain

    • K.

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Asia Pacific Excluding Japan

    • India

    • China

    • ASEAN

    • Australia & New Zealand

    • Rest of APEJ

  • Japan

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Rest of MEA

The next section provides competitive edge of the global aortic stent grafts market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the aortic stent grafts market. The competition landscape section provides dashboard view of the activities of major players in the global aortic stent grafts market. The company profile section provides information on the key offerings of each player in the global aortic stent grafts market, their direct & indirect presence, revenue, key developments and strategies and SWOT analysis. The key players included in this report 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 Lombard Medical Inc..

The next section analyses the market on the basis of product type and presents forecast in terms of value (US$ Mn) for the next 10 years. The product types covered in the report include:

  • Abdominal Aortic Stent Graft

  • Thoracic Aortic Stent Graft

The next section analyses the market on the basis of the end users and presents forecast in terms of value (US$ Mn) for the next 10 years. The end users covered in the report include:

  • Hospitals

  • Ambulatory Surgical Centers/Outpatient Surgical Centers

In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the global aortic stent grafts market.

Another key feature of this report is the analysis of the key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by aortic stent grafts market. To understand the key segments in terms of their growth and performance in the global aortic stent grafts market, Future Market Insights has developed a market attractiveness index. The resulting index will help providers to identify the existing market opportunities.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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