The global aortic stents grafts market is set to experience substantial growth, projected to reach USD 2.5 billion by 2023 and expand at a compound annual growth rate (CAGR) of 5% through 2033, ultimately hitting USD 4.2 billion. This growth trajectory is driven by an increasing incidence of aortic disorders, particularly among the aging population worldwide.
Aortic disorders, such as aneurysms, are becoming increasingly prevalent among elderly individuals, leading to a surge in demand for aortic stent grafts. As the global population ages, the need for advanced medical interventions like aortic stent grafts is expected to escalate, further accelerating market expansion over the next decade.
“The projected growth of the global aortic stents grafts market underscores the critical role these devices play in addressing aortic disorders, which are becoming increasingly prevalent among aging populations,” said FMI. “This market expansion reflects advancements in medical technology and the growing adoption of minimally invasive procedures, which are enhancing patient outcomes and driving demand for innovative healthcare solutions.”
Key Takeaways from the Market Study:
- United Kingdom: The aortic stent grafts market is expected to reach USD 510 million by 2033.
- China: The market is estimated to reach USD 512 million, expanding at a CAGR of 5% through 2033.
- Japan: The market is anticipated to develop significantly, reaching USD 220 million by 2033.
- Germany: The market is expected to experience a 5.1% CAGR through 2033.
“The expanding popularity of testing procedures for early diagnosis of aneurysms, paired with an aging male population, is driving the demand for aortic stent grafts. Since aneurysms, notably AAA, are asymptomatic, early diagnosis can prevent rupture and enable specialists to initiate appropriate treatment,” says FMI’s analyst.
Competitive Analysis:
Key players in the aortic stent grafts industry are focusing on technological innovations and strategic collaborations to capitalize on emerging opportunities. Significant participants are investing heavily in research and employing various expansion strategies such as associations, mergers, joint ventures, and innovative advancements.
- Endologix LLC introduced and implanted its ALTO® Abdominal Stent Graft in Canada on May 11, 2021, following the latest authorization from Health Canada.
- TERUMO Aortic announced the PMDA’s authorization for the RelayPro thoracic stent graft system in Japan in March 2022. This contemporary system, designed for treating thoracic aneurysms, features a low profile and caters to patients with limited accessibility.
Reveal Market Insights: Download the Complete Aortic Stents Grafts Market Report
Key Companies Profiled:
- Cook Medical, Inc.
- W.L. Gore & Associates
- MicroPort Scientific Corporation Inc.
- Medtronic Plc.
- Lombard Medical, Inc.
- Endologix, INC.
- Terumo Corporation Inc.
- Cardinal Health Inc.
- Becton, Dickinson and Company
- Cryolife Inc.
Segmentation Analysis:
- Product Type: Abdominal Aortic Stents Graft, Thoracic Aortic Stents Graft
- End User: Hospitals, Ambulatory Surgical Centers/Outpatient Surgical Centers
- By Region: North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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