- The key vendors in the stent grafts market in China 2015-2019 are Cook Medical Inc., Medtronic plc and MicroPort Scientific Corp.
London, 22 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the stent grafts market in China 2015-2019. High demand for minimally invasive procedures is one of the key trends upcoming in the market. Minimally invasive procedures are preferred over conventional surgical methods because of advantages such as a shorter recovery period, shorter scars resulting in less physical trauma, a lower risk of infection, minimized bleeding, they are more cost-effective, and they have limited hospital stays. The stent grafts market in China is expected to post a CAGR of 10.55% during the forecast period of 2014-2019.
Many global players are investing in China, which is expected to increase the revenue and share of the market. Improvement in healthcare infrastructure and new projects and reforms that are intended to cover 90% of the population in China by 2020 propel market growth. Large companies such as Medtronic and Cook Medical offer high-end products while regional vendors in China offer cost-effective products.
“Surgeons in China use stent grafts to treat thoracic aortic aneurysm as well as unconventional conditions such as types A and B aortic dissections with or without modifications,” says Faisal Ghaus, Vice President of Technavio Research.
“TAA is a common complication in China compared to western countries. GRIKIN Advanced Materials, a local company in China, manufactures TAA stent grafts (with modifications in design) specifically for patients suffering from aortic dissection.”
To define the market conditions 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%3E%3Cspan%20style%3D%22line-height%3A%201….
