Global Aortic Stent Grafts Market Size, Share, Growth Analysis, By Product Type, By End User - Industry Forecast 2024-2031

Global Aortic Stent Grafts Market size was valued at USD 2.55 billion in 2022 and is poised to grow from USD 2.65 billion in 2023 to USD 3.63 billion by 2031, growing at a CAGR of 4% during the forecast period (2024-2031).

The market is expected to rise as a result of increased production, urbanization, and the demand for efficient transportation. Furthermore, the need for semi-trailers is rising as a result of the expansion of the cold sector and the rise of the end-use industries. To meet consumer demand, manufacturers provide custom-built semi-trailers, and in the upcoming years, this feature is expected to produce considerable potential prospects for the Global Aortic Stent Grafts Market. The increase in demand for goods transportation from end-use sectors, such the logistics industry, is a major driver of this market's growth. The most popular form of transportation is the road because it is more affordable than other options. Customers' preference for endovascular repair over open surgical repair and the growing trend of minimally invasive treatments due to their shorter recovery times and less discomfort are further factors driving the market. Furthermore, the market for aortic stent grafts benefits from population growth, increased R&D, better healthcare facilities, and unhealthy lifestyles. Additionally, throughout the anticipated period, market participants should expect to have profitable growth prospects due to the increase in investments made in clinical trials and research & development aimed at enhancing aortic stent graft designs. However, the general market expansion may be hampered by the lack of knowledge about new EVAR treatments, endoleak risks, and other issues related to the use of aortic stent grafts.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aortic Stent Grafts Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aortic Stent Grafts Market Segmental Analysis

The global aortic stent grafts market is segmented based on the product type, end user, and region. In terms of product type, the market is segmented into abdominal aortic stent graft, and thoracic aortic stent graft. Based on end user, the market is categorized into hospitals, and ambulatory surgical centers/outpatient surgical centers. As per classification by region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Drivers of the Global Aortic Stent Grafts Market

The adoption of endovascular repair over open surgical repair, rising life expectancy rates, the growing use of minimally invasive surgeries, an increase in the number of clinical trials, and FDA approvals for the development of better aortic stent graft designs are some of the factors that are expected to fuel the growth of the aortic stent graft market over the forecast period.

Restraints in the Global Aortic Stent Grafts Market

However, throughout the projected period, market expansion may be constrained by the dearth of healthcare professionals with the necessary qualifications, a lack of knowledge about the novel EVAR treatment, and the risk of endoleaks and other complications with aortic stent grafts.

Market Trends of the Global Aortic Stent Grafts Market

Due to a number of factors, including an aging population, an increase in the number of patients with aortic aneurysms, more regulatory approvals, and accelerated technological development, the market for stent grafts for aortic aneurysms is predicted to grow quickly. The market will grow between 2023 and 2030 as a result of an increase in the frequency of cardiac conditions and a rise in consumer knowledge of stents and graph devices.