Aortic Stent Grafts Market Report 2024-2033 - Size, Growth, Key Trends & Competitive Analysis

"The Business Research Company recently released a comprehensive report on the Global Aortic Stent Grafts Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The aortic stent grafts market size has grown strongly in recent years. It will grow from $3.06 billion in 2023 to $3.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to the rise in inclination towards minimally invasive surgeries, the increase in life expectancy rate, increased use of diagnostic imaging technologies in healthcare, improvements in medical science and technologies, and implementation and the increase in the adoption of endovascular repair.

The aortic stent grafts market size is expected to see strong growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to improved healthcare infrastructure, favorable reimbursement policies, the shift towards bifurcated abdominal aortic stent grafts, the growing popularity of hybrid procedures, and Increasing focus on training and education programs for healthcare professionals. Major trends in the forecast period include technological innovations, innovative products, increased regulatory approvals, a rise in investments in research and development, and enhanced healthcare infrastructure.

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Market Drivers and Trends:

The rise in cardiovascular diseases propels the growth of the aortic stent graft market going forward. The increase in cardiovascular disease cases is primarily due to lifestyle factors such as poor diet, lack of exercise, smoking, and rising obesity rates. Aortic stent grafts are used in cardiovascular disease to repair and reinforce weakened or damaged sections of the aorta, particularly in cases of aneurysms. For instance, in January 2024, according to the British Heart Foundation, a UK-based cardiovascular research charity, coronary heart disease (CHD) was a major cause of mortality in the UK, responsible for approximately 68,000 deaths annually. This translates to an average of 190 deaths per day, or one death roughly every eight minutes. In the UK, coronary heart disease accounts for the deaths of one in eight men and one in 14 women. Therefore, the rise in cardiovascular diseases is driving the growth of the aortic stent graft market.

Major companies operating in the aortic stent graft market are focused on developing advanced products, such as polymer-based grafts, to enhance product efficacy and patient outcomes. Polymer-based grafts refer to synthetic materials that are used as replacements or reinforcements in surgical procedures involving blood vessels or other tubular structures in the body. For instance, in May 2021, Endologix Inc., a US-based medical device company, launched an Alto abdominal stent graft in Canada, which is designed for patients with abdominal aortic aneurysms (AAA) and utilizes innovative polymer-based technology. It features a low-profile delivery system and a conformable sealing ring that adapts to the patient's aortic neck anatomy during deployment.

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Major Key Players of the Market:

Cardinal Health Inc., Medtronic plc, Aptus Endosystems Inc., B. Braun Inc., Terumo Corporation, W.L. Gore & Associates Inc., Cook Medical Inc., Getinge AB, Merit Medical Systems Inc., MicroPort Scientific Corporation, Seisa Medical Inc., Artivion Inc., Lifetech Scientific (Shenzhen) Co. Ltd., Endologix Inc., Braile Biomédica, Biomerics LLC, Jotech GmbH, OptiMed Medizinische Instrumente GmbH, Bentley InnoMed GmbH, Endospan Ltd.

Aortic Stent Grafts Market 2024 Key Insights:

• The aortic stent grafts market size is expected to see strong growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Rising Cardiovascular Diseases Drive Growth In The Aortic Stent Graft Market
• Advancements In Polymer Technology Enhancing Aortic Stent Grafts For Improved Patient Care
• North America was the largest region in the aortic stent grafts market in 2023

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