Future Outlook of the Global Aortic Stent Grafts Market 2024-2033: Size and Growth Rate Predictions
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Aortic Stent Grafts Market: What is the Projected CAGR for 2024-2033?
The aortic stent grafts market has grown significantly, projected to rise from $3.06 billion in 2023 to $3.32 billion in 2024, with a CAGR of 8.5%. Growth has been driven by a preference for minimally invasive surgeries, increased life expectancy, diagnostic imaging technologies, medical advancements, and endovascular repair adoption.
The aortic stent grafts market is forecasted to experience strong growth, projected to reach $4.63 billion by 2028 with a CAGR of 8.7%. This growth can be linked to improvements in healthcare infrastructure, favorable reimbursement policies, a shift toward bifurcated abdominal aortic stent grafts, increased popularity of hybrid procedures, and a heightened focus on training and education for healthcare professionals. Notable trends include technological innovations, the introduction of innovative products, increased regulatory approvals, a rise in R&D investments, and enhancements in healthcare infrastructure.
What Are the Primary Drivers Supporting the Growth of the Aortic Stent Grafts Market?
The increase in cardiovascular diseases is anticipated to propel the growth of the aortic stent graft market in the future. The rise in cardiovascular disease cases is largely driven by lifestyle factors such as poor dietary habits, lack of exercise, smoking, and increasing rates of obesity. Aortic stent grafts are employed in the treatment of cardiovascular diseases to repair and support weakened or damaged sections of the aorta, especially in aneurysm cases. For instance, in January 2024, the British Heart Foundation reported that coronary heart disease (CHD) was a leading cause of mortality in the UK, responsible for about 68,000 deaths each year, which averages to approximately 190 deaths daily, or one death every eight minutes. In the UK, coronary heart disease accounts for the deaths of one in eight men and one in 14 women. Hence, the rise in cardiovascular diseases is driving the growth of the aortic stent graft market.
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What Are the Core Segments of the Aortic Stent Grafts Market?
The aortic stent grafts market covered in this report is segmented –
1) By Product: Abdominal Aortic Stents Graft, Thoracic Aortic Stents Graft
2) By Type: Abdominal Aortic Aneurysms, Thoracic Aortic Aneurysms
3) By End User: Hospitals, Ambulatory Surgical Centers Or Outpatient Surgical Centers, Other End-Users
What Trends Are Paving the Way for Change in the Aortic Stent Grafts Market?
Companies in the aortic stent graft market are developing advanced polymer-based grafts for better efficacy. For instance, in May 2021, Endologix Inc., a US-based medical device company, launched the Alto abdominal stent graft in Canada, designed for abdominal aortic aneurysms with innovative technology.
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Which Regions Are Leading the Charge in Aortic Stent Grafts Market Development?
North America was the largest region in the aortic stent grafts market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aortic stent grafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Aortic Stent Grafts Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the aortic stent grafts market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Aortic Stent Grafts Market Include
1. Aortic Stent Grafts Market Executive Summary
2. Aortic Stent Grafts Market Segments
3. Aortic Stent Grafts Market Size And Template Market Growth Rate
4. Key Aortic Stent Grafts Market Trends
5. Major Aortic Stent Grafts Market Drivers
……
25. Key Mergers And Acquisitions In The Aortic Stent Grafts Market
26. Top Aortic Stent Grafts Companies
27. Aortic Stent Grafts Market Opportunities And Strategies
28. Aortic Stent Grafts Market, Conclusions And Recommendations
29. Appendix
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