Growing geriatric population with high prevalence of thoracic aortic aneurysm is a major reason for the growth of thoracic aortic stent market.
Arizton’s recent research report on the aortic stent graft market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the aortic stent market by aneurysm (abdominal aortic aneurysm and thoracic aortic aneurysm), end-users (hospitals and ASCs), and geography (North America, Europe, APAC, Latin America, and MEA).
The market research report discusses the growth of the major segment in the global market.
Thoracic aortic stent grafts to witness the highest growth during the forecast period
The thoracic aortic stent grafts segment accounted for a share of 27% of the global aortic stent market. The segment is growing at a promising rate and is likely to witness the highest CAGR during the forecast period. The growing geriatric population with high prevalence of thoracic aortic aneurysm is a major reason for the growth of thoracic aortic stent market. The prevalence of thoracic aortic aneurysms exceeds approximately 3-4% in individuals that are aged 65 years old and above. Further, advances in stent designs and the increasing availability of hybrid procedures are expected to increase the growth of thoracic aortic stent grafts segment. Medtronic, Cook Medical, W.L. Gore & Associates are offering a wide range of TEVAR products.
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Ambulatory Surgical Centers (ASC) are gaining momentum in developed countries
ASCs are emerging as one of the fastest growing end-users of aortic stent products. They are growing at higher rate than hospitals. The growing preference among patients for MI procedures such as TEVAR and EVAR in ASCs than hospitals, the surge in technological advancements, the increasing demand for less invasive surgeries, and the high growth in outpatient healthcare settings are major factors for the growing share of the segment. In developed countries, patients prefer ASCs over hospitals for high-risk cardiac surgeries, however, it is opposite in developing countries. Thus, the ASCs segment is expected to witness steady demand, especially in developed countries, as end-users focus to transcatheter-based repair treatment from open surgical repair MI.
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APAC to Leadaortic stent market during the forecast period
The aortic stent market is growing at a healthy rate in the APAC region due to the high adoption of aortic stents from countries such as Japan, China, and Australia. Japan is emerging as the major revenue contributor to the market. The presence of a large pool of patient population, improvements in healthcare infrastructure, increased healthcare expenditures, and high prevalence of CVDs are the key factors driving the aortic stent market in the APAC region. Hence, the presence of significant growth opportunities is encouraging global players to expand their businesses in the APAC region.
Medtronic, Cook Medical, and W. L. Gore & Associates are identified as the key vendors of aortic stent market.
The complete overview of the latest market research report on the aortic stent graft market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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