The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The aortic stent grafts market has experienced significant growth recently, driven by several key factors. The market size increased from $3.06 billion in 2023 to $3.32 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.5%.

This expansion is largely due to:

• Increased preference for minimally invasive surgeries.
• Rising life expectancy rates.
• Advances in diagnostic imaging technologies.
• Improvements in medical science and technology.
• Greater adoption of endovascular repair techniques.

Aortic Stent Grafts Market Growth Forecast

Looking ahead, the aortic stent grafts market is projected to continue its upward trajectory, growing to $4.63 billion in 2028 at a CAGR of 8.7%.

Key drivers for this anticipated growth include:

• Improved healthcare infrastructure globally.
• Favorable reimbursement policies for procedures.
• Shift towards bifurcated abdominal aortic stent grafts.
• Growing popularity of hybrid surgical procedures.
• Enhanced training and education programs for healthcare professionals.

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Key Trends Shaping the Market

Several major trends are expected to shape the aortic stent grafts market in the coming years:

• Technological Innovations: New advancements are driving product improvements and increasing the effectiveness of treatments.
• Product Development: Companies are focusing on innovative products to meet the growing demand.
• Regulatory Approvals: An increase in regulatory approvals is paving the way for more products to enter the market.
• Investment in Research and Development: There is a rise in investments aimed at improving product quality and patient outcomes.

Aortic Stent Grafts Market Driver: Rising Cardiovascular Diseases

The rising prevalence of cardiovascular diseases is a significant driver of the aortic stent grafts market. Lifestyle factors such as poor diet, lack of exercise, smoking, and rising obesity rates contribute to the increase in cardiovascular conditions, such as aneurysms, which necessitate the use of aortic stent grafts.

• Key Statistics: According to the British Heart Foundation, coronary heart disease (CHD) is a leading cause of death in the UK, with about 68,000 deaths annually. This equates to roughly 190 deaths per day, underscoring the critical need for effective treatments like aortic stent grafts.

Leading Companies in the Aortic Stent Grafts Market

Several major players are operating in the aortic stent grafts market, including:

• 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.

Market Trend: Advancements in Polymer Technology

Advancements in polymer technology are enhancing the development of aortic stent grafts, focusing on improving patient care and outcomes. For example:

• Endologix Inc. launched the Alto abdominal stent graft in Canada, designed for abdominal aortic aneurysms (AAA). This innovative product uses polymer-based technology and features a low-profile delivery system with a conformable sealing ring that adapts to the patient’s anatomy.

Strategic Acquisition: Tekni-Plex and Seisa Medical

In December 2023, Tekni-Plex Inc. acquired Seisa Medical, a leading manufacturer of aortic stent grafts. This acquisition aims to enhance Tekni-Plex’s capabilities in minimally invasive and interventional therapy devices, expanding its healthcare portfolio significantly.

Market Segmentation

The aortic stent grafts market can be segmented by:

• Product: Abdominal Aortic Stents Graft, Thoracic Aortic Stents Graft.
• Type: Abdominal Aortic Aneurysms, Thoracic Aortic Aneurysms.
• End User: Hospitals, Ambulatory Surgical Centers, Outpatient Surgical Centers, Other End-Users.

Regional Insights

North America was the largest market for aortic stent grafts in 2023, but the Asia Pacific region is expected to see the fastest growth during the forecast period. The growing healthcare infrastructure and increasing adoption of advanced medical procedures are key factors driving this growth in Asia Pacific.

The aortic stent grafts market is set for continued expansion, driven by technological advancements, strategic acquisitions, and the increasing prevalence of cardiovascular diseases. With significant growth opportunities ahead, the market will remain dynamic and competitive.

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