Thoracic Vascular Stent Grafts Market Analysis

Government fundings for the development of cost effective healthcare solutions, increase in geriatric population, increasing lifestyle related disorders, improvement in diagnostic services are some of the driving factors for the market growth of thoracic vascular stent grafts. Preference of minimal invasive procedures over the conventional surgery because of less pain, less hospitals stay, less blood loss and low risk of death also supports the market growth. Along with this, increasing number of commercially available different types of thoracic vascular stent graft designs also promotes the market growth. However, poor access to diagnosis in low income countries, lack of trained personnel, and lack of evidence in long term results limits the market growth for global market of thoracic vascular stent grafts.

Thoracic Vascular Stent Grafts Market: Segmentation

Thoracic Vascular Stent Grafts Market: Overview

Thoracic vascular stent grafting is newer form of treatment in the vascular stent grafts industry showing promising results. FDA approved the thoracic vascular stent grafts in 2005 for descending thoracic aortic aneurysm. Nowadays, there are many different types of stent grafts available in the market which differ in its insertion procedure and access to the blood vessel. Increasing prevalence has been observed in the thoracic aortic aneurysm condition, thus representing a huge opportunity for the market players to launch innovative as well as cost effective products. Currently, an estimated of 21,000 individuals got affected every year in U.S. and a prevalence of 10.4 per 10,000 person has been observed in U.K. This represents a huge demand for these stent grafts in the market. The strict regulatory conditions regarding stent grafts helps in keeping the record of number of implants in different regions. Several players in the market are focusing on key emerging markets for a huge growth potential and increased distribution channels in these regions.

Thoracic Vascular Stent Grafts Market: Region-wise Outlook

Geographically, North America is the developed market for thoracic vascular stent grafts owing to the availability of better healthcare infrastructure facilities as well as health insurance plans. This is followed by the Western Europe region with EU5 leading the market share as per the current sales trend for these devices. Asia Pacific region represents strong growth rate because of huge potential available in the market with the increasing rate of aortic aneurysm due to rising incidences of diabetes, high rate of obesity and prevalence of lifestyle related disorders. As well as, improving healthcare services in the region also promotes the market growth of thoracic vascular stent grafts. Japan also represents a huge opportunity for growth with significantly increasing geriatric population. Latin America followed by Middle East & Africa holds the least market share as well as growth rate over the forecast period owing to the less developed healthcare facilities in these regions.

Thoracic Vascular Stent Grafts Market Treatment Market: Key Players

Some of the players in the thoracic vascular stent grafts market includes Medtronic, Jotec GmbH, Cook medical, MicroPort Scientific Corporation, Terumo Corporation and others.

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