This market analysis segments the global stent grafts market by application (AAA stent grafts and TAA stent grafts) and by geography (APAC, EMEA, and the Americas). The key vendors analysed in this market study include Cook Medical, C.R Bard, and Medtronic.
Technavio’s market research analysts estimate the global stent grafts market to grow at a CAGR of around 7% between 2015 and 2019. Growing incidence of aortic aneurysm among the aging population is primarily driving the growth of the stent grafts market. The Americas dominate the global market for stent grafts followed by the EMEA and the APAC regions. High incidence of aortic aneurysm in the US and rapid shift to endovascular procedures is responsible for this region’s high market dominion during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the stent grafts by technology.
“There has been a rapid shift from open conventional surgical methods to minimally invasive endovascular repair to diagnose aortic aneurysms. Minimally invasive techniques such as EVAR and TEVAR are gaining wide acceptance in the diagnosis. These surgeries are performed with minute incisions in the body, thus help in quicker recovery and cost less,” says Imran Mushtaq, Lead Abalyst, Healthcare, Technavio Research.
Endovascular technologies including aortic stent grafts have brought new advancements in treating highly complex diseases such as juxtarenal and pararenal aneurysms and iliac disease. The demand for such endovascular repair devices has increased vastly especially for the treatment of women.
Abdominal aortic aneurysm (AAA) stent grafts segment account for more than 82% of the total market share. These stent grafts are useful in treating AAA and function by attaching itself to the aorta wall in a spring like fashion. The demand for endovascular AAA repair devices for treatment procedures has considerably increased among people aged over 60.
Segmentation of global stent grafts market by product type
Source: Technavio Research
The key vendors in the global stent grafts market are Cook Medical, C.R Bard, and Medtronic. This market is well organized and is highly competitive due to the presence of multiple vendors. The dominant vendors account for a major share of the market during the forecast period and face occasional competition from local manufacturers in various countries.
A more detailed analysis is available in the Technavio report, Global Stent Grafts Market 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cstrong%3EWe%20can%20customize%20repor…
