Global Stent Grafts Market Analysis, Development Trends and Share by Application up to 2022
Global Stent Grafts Market is segmented based on product type, type, application, and
region. A stent graft is a tubular structure composed of two parts. The stent
is a mesh like structure made up of metal. Its function is that of providing
support to the graft. The latter constitutes a special fabric that is
impervious to blood and lines the stent. The stent graft is packed in small
diameter tubes and does get restored to its original diameter when released
from these tubes.
A stent graft is
used to repair abdominal aortic aneurysm (AAA) in a procedure called as
endovascular aneurysm repair (EVAR). In EVAR, a stent graft is placed inside
the aorta through which the blood flows uninterruptedly, instead of flowing
through the aneurysm sack which is the weak point. Stent grafts can be
categorized into two major segments, namely, bifurcated and aorta-uni-iliac
(AUI) stent grafts. The stent grafts market can also be segmented into
abdominal and thoracic aortic stent grafts.
Increasing
acceptance of EVAR procedures worldwide, increasing efforts for creating
awareness about aneurysms, rising demand for minimally invasive endovascular
surgeries, aging population and rising incidences of diseases like obesity and
diabetes. Moreover, increasing number of people affected by obesity and
diabetes worldwide will drive the demand for endovascular surgeries.
Technological
advancements in EVAR and rising demand for minimally invasive procedures will
drive the stent grafts market over the forecast period. Whereas, increasing
acceptance of balloon angioplasty may prove to be a restraint for this market.
Stent Grafts Market is classified, by product type into AAA Stent Grafts, TAA
Stent Grafts.
Abdominal Aortic
Aneurysm (AAA) stent grafts segment accounted for the largest market share of
the Stent Grafts Market and is expected to remain dominant over the forecast
period. These stent grafts are useful in treating AAA and function by attaching
itself to the aorta wall in a spring like fashion.
Thoracic Aortic
Aneurysm (TAA) and Abdominal Aortic Aneurysms (AAAs) are the major indications
of Aortic Stent Graft implantation. Abdominal aortic aneurysms are more common
in men and population aged 65 and above. The prevalence of AAA is six times
higher in men as compared to women. Types into Peripheral Stent Grafts, Aortic
Stent Grafts, and others classify Stent Grafts Market.
Aortic Stent
Graft is a device, which is used to support a weak spot in an artery known as
aneurysm. An aneurysm is caused by high blood pressure and other factors such
as aging, smoking, and atherosclerosis. An aortic stent graft is a stainless
steel metal mesh-like tube composed of woven polyester fabric.
Stent Grafts
Market is classified, by application into Hospital, Clinic, and others. Stent
Grafts Industry is segmented, geographically into North America, Europe
(Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and
Africa. The North American Market, especially the U.S. accounted for the
largest market share of the Stent Grafts Market and will remain dominant over
the forecast period. Followed by European and Asia Pacific market.
With the increase
in procedure volumes and Europe’s healthy compensation system, this market is
expected to experience a rapid growth. Asia Pacific market is expected grow at
fastest pace over the forecast period. This is mainly due to increasing
healthcare awareness and facilities in the region. Stent Grafts Industry key
players are Medtronic, Cook Medical, Gore, Endologix, Bard, Terumo, Bolton
Medical, Jotec, MicroPort, Lombard Medical, Lifetouch Scientific, and Merit
Medical.
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