PUBLISHER: SkyQuest | PRODUCT CODE: 1677946
PUBLISHER: SkyQuest | PRODUCT CODE: 1677946
Global Aortic Stent Grafts Market size was valued at USD 3.2 billion in 2023 and is poised to grow from USD 3.35 billion in 2024 to USD 4.84 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
The global aortic stent graft market is poised for notable growth, primarily driven by an increasing prevalence of aortic aneurysms linked to rising cardiovascular diseases and longer life expectancies. As patients and healthcare providers favor endovascular repairs over traditional surgeries, there is a surge in demand for minimally invasive procedures that offer quicker recovery times and reduced discomfort. Contributing factors include urbanization, advancements in healthcare infrastructure, and ongoing research and development targeting improved stent designs. However, market growth faces challenges such as limited awareness of new endovascular aneurysm repair (EVAR) treatments, risks of complications like endoleaks, and a shortage of skilled medical professionals in underserved regions. Addressing these hurdles will be critical for maximizing the market's potential.
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 Segments Analysis
Global Aortic Stent Grafts Market is segmented by Product, End User and region. Based on Product, the market is segmented into Abdominal Aortic Stent Graft and Thoracic Aortic Stent Graft. Based on End User, the market is segmented into Hospitals and Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Aortic Stent Grafts Market
The global aortic stent grafts market is expected to experience significant growth throughout the forecast period, driven by several key factors. The preference for endovascular repair techniques over traditional open surgical methods is gaining momentum, alongside rising life expectancy rates. Additionally, the increasing adoption of minimally invasive surgical procedures contributes to this trend. The surge in clinical trials and FDA approvals aimed at developing innovative aortic stent graft designs further propels market expansion. As these elements align, they collectively enhance the demand for aortic stent grafts, positioning the market for promising advancements and opportunities in the years ahead.
Restraints in the Global Aortic Stent Grafts Market
However, the growth of the Global Aortic Stent Grafts market may be hindered by several factors, including a shortage of properly trained healthcare professionals and insufficient knowledge regarding the new Endovascular Aneurysm Repair (EVAR) techniques. Additionally, concerns about potential complications, such as endoleaks and other risks associated with aortic stent grafts, could further limit market development during the forecast period. These challenges may impact the adoption and implementation of advanced treatments in various healthcare settings, ultimately affecting the overall market dynamics for aortic stent grafts.
Market Trends of the Global Aortic Stent Grafts Market
The Global Aortic Stent Grafts market is poised for significant growth from 2023 to 2030, driven by an ageing demographic and a rising incidence of aortic aneurysms. As the prevalence of cardiovascular diseases increases, coupled with heightened awareness regarding stenting and grafting technologies, demand for these medical devices is expected to burgeon. Additionally, the landscape is being positively influenced by a surge in regulatory approvals and rapid advancements in medical technology, which enhance the efficacy and safety of stent grafts. Collectively, these factors are shaping a robust market trend, positioning aortic stent grafts as critical components in cardiovascular healthcare solutions.