The growing popularity of FEVAR is expected to drive the growth of the aortic stent graft market worldwide.
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 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 aortic stent graft market is expected to reach approximately $4 billion by 2024, growing at an impressive CAGR of around 6% during 2018–2024.
The high demand for MI aortic aneurysm repair procedures, the growing popularity of FEVAR, and the emergence of endovascular aneurysm sealing (EVAS) are major and upcoming opportunities, which are expected to drive the growth of the stent graft market worldwide.
High Demand for MI Aortic Aneurysm Repair Procedures
In recent years, MI invasive procedures have emerged as an established alternative to open aortic repair surgery for both abdominal and thoracic aortic aneurysm. Endovascular aneurysm repair (EVAR) is the most widely used technique, and many surgeons worldwide consider the procedure safe and effective for treating AAAs and TAAs. Technological advancements in the field of aortic stent grafts have led to the shift from open aortic aneurysm repair technique to EVAR technique. Therefore, the increasing preference for endovascular procedures for treating aortic aneurysms is largely contributing to the overall growth of the stent graft market.
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Growing Popularity of FEVAR
The introduction of fenestrated aortic stent grafts (FEVAR) to treat aortic aneurysms, especially AAAs with short proximal necks, began in 1999. FEVAR is one of the innovative devices to overcome the disadvantages of traditional EVAR procedures. It is a safe and effective option for treating anatomically challenging aortic aneurysms. North America is witnessing a significant adoption of technologically advanced aortic stent grafts and MI repair techniques, including FEVAR. Also, the increasing aging population and the growing number of people with an aortic aneurysm are the major drivers of the aortic stent graft market in this region. Cook Medical and Terumo are the two leading vendors offering fenestrated stent-graft.
Emergence of Endovascular Aneurysm Sealing (EVAS) in Stent Graft Market
EVAS is a potentially disruptive procedure for the treatment of the aortic aneurysm. It has the potential to become a new alternative to EVAR in patients with infrarenal AAAs. It has the potential to minimize Type 2 endoleak. EVAS can be used in a broader range of morphologies than traditional EVAR devices, thereby expanding the aneurysm patient population eligible for endovascular treatment. Moreover, favourable medium and long-term clinical outcomes of EVAS with respect to aortic-related complications and reintervention rates in the coming years will determine the widespread applicability of EVAS procedure.
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Medtronic, Cook Medical, and W. L. Gore & Associates are the key vendors in the stent graft market.
The complete overview of the latest market research report on the aortic stent graft market by Arizton is now available.
The report also 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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