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The stent grafts market size has the potential to grow by $ 838.38 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (coronary stent grafts, and peripheral stent grafts), and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Becton, Dickinson and Co., Cardinal Health Inc., Cook Group Inc., CryoLife Inc., Endologix Inc., Endospan Ltd., Medtronic Plc, MicroPort Scientific Corp., Terumo Corp., and W. L. Gore & Associates Inc.
The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Vendors are engaging in M&A activities as a business strategy to expand their portfolio and strengthen their business. Endospan Ltd., Medtronic Plc, MicroPort Scientific Corp., Terumo Corp., and W. L. Gore & Associates Inc. are some of the major market participants. Although the increasing prevalence of aortic aneurysms and co-morbidities will offer immense growth opportunities, stringent regulation and complications associated with stent graft procedures will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this stent grafts market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this stent grafts market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
North America had the largest stent grafts market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising prevalence of vascular diseases, growing demand for minimally invasive endovascular surgeries, and presence of prominent medical device manufacturers will significantly influence stent grafts market growth in this region.
37% of the market’s growth will originate from North America during the forecast period. The US is the key market for stent grafts in North America. Market growth in this region will be slower than the growth of the market in Europe and Asia.
The increasing prevalence of AAAs and TAAs, increasing product launches, technological advances, coupled with favorable reimbursement policies for coronary heart disease treatment. Moreover, the growing preference for minimally invasive endovascular aortic repair over open surgeries will also propel the growth of the coronary application segment.
Market growth in this segment will be slower than the growth of the market in the peripheral stent grafts segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the stent grafts market size.
The rising preference for MI EVAR to treat aortic aneurysms will be a significant factor driving the growth of the aortic stent grafts market. The preference for EVAR over traditional open surgeries is growing for the treatment of both AAA and TAA because of its lower mortality and lesser risk of complications and blood transfusion. EVAR is an MI procedure which involves smaller incisions and can be performed under local anesthesia. Moreover, it is convenient and comfortable for patients and requires a shorter duration of hospital stay post-EVAR procedures. Stent grafts are used in transcatheter EVAR procedures to seal aortic aneurysms. Hence, with the expansion of indication for the treatment of anatomically complicated pararenal and suprarenal AAA, the preference for EVAR, and consequently, the demand for aortic stent grafts will also grow.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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