Global Endovascular Stent Grafts Market – Industry Trends and Forecast to 2029

Global Endovascular Stent Grafts Market, Ву Туре (Ѕуnthеtіс, Віоlоgісаl, Віоѕуnthеtіс), Ву Аррlісаtіоn (Ноѕріtаl, Сlіnіс, Меdісаl Сеntеr)– Industry Trends and Forecast to 2029

Endovascular Stent Grafts Market Analysis and Size

The market for endovascular stent grafts is expected to grow in the forecast period of 2019-2022. An endovascular stent graft can strengthen an aortic aneurysm or an iliac aneurysm. A metal stent supports a fabric tube known as an endovascular graft. Blood can flow through the stent graft once it has been implanted into the aneurysm, relieving pressure on the aneurysm wall and lowering the risk of rupture. The rise in vascular disorders, technological developments in stent grafts, and rising interest in minimally invasive procedures are all factors contributing to the market's expansion.

Data Bridge Market Research analyses that the endovascular stent grafts market which was USD 1.0 billion in 2021, would rocket up to USD 1.62 million by 2029, and is expected to undergo a CAGR of 6.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

An artery is held open by a metal or plastic device that is placed into the artery. An arterial portion that is weak and bulging is treated with an endovascular stent transplant. Aortic aneurysms can be treated minimally invasively with endovascular grafting. Depending on the type of repair being addressed, your doctor may also use the terms thoracic endovascular aneurysm repair (TEVAR) or fenestrated endovascular aneurysm repair (FEVAR) in addition to EVAR to describe the surgery.

Endovascular Stent Grafts Market Dynamics

Drivers

• Rising demand for minimally invasive procedures

Compared to open surgery, endovascular stent grafts have fewer incisions, less pain, shorter hospital stays, and quicker recovery times. Overall demand for endovascular procedures has increased as a result of this.

• Advances in technology

Manufacturers of stent grafts continue to create new products with enhanced safety and efficacy profiles compared to older generations of devices. This promotes market expansion in this particular market area and guarantees that patients have access to cutting-edge technology.

Opportunities

• Increase in the number of research and development activities 

The rise in vascular disorders, technological developments in stent grafts, and rising interest in minimally invasive procedures are all factors contributing to the market's expansion.

Restraints/Challenges

On the other hand, the high cost associated with stents will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market.

This endovascular stent grafts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the endovascular stent grafts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Endovascular Stent Grafts Market Scope

The endovascular stent grafts market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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Endovascular Stent Grafts Market Regional Analysis/Insights

The endovascular stent grafts market is analysed and market size insights and trends are provided by country, type, application as referenced above.

The countries covered in the endovascular stent grafts market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the endovascular stent grafts market increasing prevalence of cardiovascular diseases, rising number of CVDs, and presence of well-established healthcare facilities in this region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing health awareness among the people and rising demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The endovascular stent grafts market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for endovascular stent grafts market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Global endovascular stent grafts market. The data is available for historic period 2010-2020.

Competitive Landscape and Endovascular Stent Grafts Market Share Analysis

The endovascular stent grafts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to endovascular stent grafts market.

Some of the major players operating in the endovascular stent grafts market are:

• BD (U.S.)
• Cook (U.S.)
• B. Braun Melsungen AG (Germany)
• Medtronic (Ireland)
• Terumo Corporation (Japan)
• Lombard Medical (U.K.)
• Johnson and Johnson Services, Inc (U.S.)
• Cardinal Health (U.S.)
• Boston Scientific Corporation (U.S.)
• BD (U.S.)
• Medtronic (Ireland)
• MicroPort Scientific Corporation (China)
• Merit Medical Systems (U.S.)