London, 31 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Aortic Stent Grafts Market 2014-2018, which is expected to grow at a CAGR of 9.5 percent over the period 2013-2018.
An aortic stent graft is a stainless steel metal mesh-like tube composed of woven polyester fabric. Stent grafts are categorized based on product application type into two three segments: Abdominal aortic stent grafts, thoracic aortic stent grafts and fenestrated aortic stent grafts. Aortic stent grafts are used for a variety of conditions including abdominal aortic aneurysms and thoracic aortic aneurysms.
Key Market Drivers
- Increasing Incidence of Diseases among Aging Population
- Increasing Demand for Minimally Invasive Endovascular Surgeries
- Advances in Technology
Key Market Trends
- Increasing Acceptance of EVAR Procedures
- Increase in Use of Low-profile Stents Grafts for Aneurysm Repair
- Increasing Number of Mergers and Acquisitions
“The increasing incidence of aneurysm disease as a result of obesity and diabetes among the aging population is one of the major factors contributing to the growth of the market,” says Faisal Ghaus, Vice President of TechNavio.
“Over the years, this market is expected to expand its opportunity by taking strong clinical and endovascular approaches for the treatment of thoracic aneurysm.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
