Aortic Stents Grafts Market Size, Share, Growth, and Industry Analysis by Type (Abdominal Aortic Stent Graft & Thoracic Aortic Stent Graft), By Application (Hospitals & Ambulatory Surgical Centers), Regional Insights, and Forecast From 2023 To 2030

Updated On: 20 November 2023

Aortic Stents Grafts Market Report Overview

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The global aortic stents grafts market size was USD 2070.4 million in 2022. As per our research, the market is expected to reach USD 2943.5 million in 2028, exhibiting a CAGR of 6.0% during the forecast period.

An aortic stent graft is a medical device used to treat an aortic aneurysm, which is a bulge or weakening in the wall of the aorta, the body's main artery. A stent graft is designed to reinforce the weakened aortic wall and prevent the aneurysm from rupturing. The stent graft is inserted into the aorta through a small incision in the groin, and then guided up to the site of the aneurysm using X-ray guidance. Once in place, the stent graft expands, conforming to the shape of the aorta and providing a new, reinforced channel for blood flow. They are less invasive than traditional surgery for treating an aortic aneurysm, and have been shown to be effective in reducing the risk of rupture and improving patient outcomes.

 However, they are not suitable for all patients, and the decision to use a stent graft or a more traditional surgical approach will depend on a number of factors, including the size and location of the aneurysm, the patient's overall health, and other individual factors. The market is a growing segment within the larger medical device industry. As the population ages and the prevalence of aortic aneurysms increases, the demand for stent grafts is expected to continue to grow. The market is primarily driven by the increasing prevalence of aortic aneurysms and the growing preference for minimally invasive procedures.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused problems for manufacturers of healthcare materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for healthcare. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall healthcare industry. This has partially impacted the aortic stents grafts industry.

LATEST TRENDS

"Endovascular Repair to Boost the Market Growth"

The key trend boosting the market is increasing adoption of endovascular repair. Endovascular repair, which involves inserting a stent graft through a small incision in the groin, has become the preferred method for treating many types of aortic aneurysms, as it is less invasive than traditional surgery and often leads to better patient outcomes. Endovascular repair has become the preferred method for treating many types of aortic aneurysms in the aortic stents grafts industry. This is because endovascular repair is less invasive than traditional open surgery and often results in faster recovery times and fewer complications. Endovascular repair involves inserting a stent graft through a small incision in the groin and guiding it up to the site of the aneurysm using X-ray guidance. Once in place, the stent graft expands, conforming to the shape of the aorta and providing a new, reinforced channel for blood flow. Overall, the increasing adoption of endovascular repair in the market is expected to boost the whole sales. Thus, a key trend that is opening up potential for the industry to grow is the increasing adoption of endovascular repair. These new developments are mostly to blame for the market's overall growth.

Aortic Stents Grafts Market Segmentation

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• By Types

Based on type, the market is classified into abdominal aortic stent graft & thoracic aortic stent graft.

• By Application

Based on the market is categorized into Hospitals & Ambulatory Surgical Centers.

DRIVING FACTORS

"Advancement in Technology that Give the Market Extra Boost"

The key driving factors boosting the market is advancement in technology. Advances in stent graft technology have made the procedure less invasive and more effective, which is leading to increased adoption of stent grafts. The development of advanced materials has led to the creation of stent grafts that are more durable, flexible, and resistant to wear and tear. These materials include ePTFE (expanded polytetrafluoroethylene), nitinol (nickel-titanium alloy), and cobalt-chromium. Robotics is being used in endovascular procedures to increase accuracy and reduce complications. Robotic-assisted procedures can lead to more precise deployment of stent grafts, reducing the risk of complications and improving patient outcomes. These stent grafts are designed to treat aortic aneurysms that involve complex anatomy or involve blood vessels branching off the aorta. These stent grafts are custom-made to fit the patient's anatomy and can be deployed more accurately, reducing the risk of complications. As a result, the growth, and the advancement in technology will boost the market. It will contribute to the expansion of the healthcare industry and it will improve the overall aortic stents grafts market growth.

"Healthcare Expenditure to Encourage Market Expansion"

Increasing healthcare expenditure is a major driving factor in the market, particularly in emerging economies. As the population ages and lifestyles change, the incidence of aortic aneurysms is on the rise, leading to an increase in demand for these grafts. Governments and private healthcare providers are investing heavily in healthcare infrastructure and technology to meet the growing demand for aortic stents grafts. This investment includes the development of new hospitals, clinics, and medical centers equipped with state-of-the-art medical technology, as well as research and development of new stent graft products. Moreover, favorable reimbursement policies for aortic stents grafts are encouraging healthcare providers to use them, leading to an increase in demand for these products. As a result, healthcare expenditure is likely to continue to increase, particularly in emerging economies where access to healthcare is expanding, leading to greater demand for aortic stents grafts. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Cost of Product to Impede Market Expansion"

The market is being hampered by the high cost of product. It can be expensive, and the cost can be a barrier to access for some patients. In addition, high costs may discourage healthcare providers from using aortic grafts, particularly in regions with limited healthcare budgets. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

Aortic Stents Grafts Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for aortic stents grafts in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the aortic stents grafts market share is the growing demand of product use in hospitals & ambulatory surgical centers one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Cook Medical (U.S.)
• Endologix (U.S.)
• W. L. Gore & Associates (U.S.)
• Cardinal Health (U.S.)
• C. R. Bard (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost aortic stents grafts market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.