Summary

The aortic stent grafts market is projected to grow from US$ 2.49 billion in 2023 to US$ 4.03 billion by 2031; the market is estimated to record a CAGR of 6.2% during 2023–2031.

Key factors driving the market growth are the increasing incidence of aortic aneurysms and the rising demand for minimally invasive procedures such as endovascular repairs. However, product recalls initiated by the market players hinder the market growth. Furthermore, technological advancements and strategic activities by the manufacturers are expected to bring new aortic stent grafts market trends in the coming years.

Market Drivers and Restraints of the Aortic Stent Grafts Market

The rising prevalence of aortic aneurysms contributes to the aortic stent grafts market growth. According to the article published by Elsevier in March 2021, abdominal aortic aneurysms (AAA) are found in 2% to 8% of people in developed countries. It can progress to life-threatening rupture, with mortality rates as high as 80% if left untreated. Aortic stent grafts are a critical component of endovascular repair of aortic aneurysms. According to the AAA standards report 2020 to 2021 published by the National Health Service (NHS) AAA screening program in April 2022, ~210,800 men were offered screening, during which 1,542 aneurysms cases were detected. Among the patients detected with aneurysms, 88.8% who were suitable for elective repair underwent the procedure. Obesity, smoking, and a sedentary lifestyle are among the risk factors for this cardiovascular condition. The geriatric population is more vulnerable to developing cardiovascular diseases, including aortic aneurysms, owing to which they often require endovascular aneurysm repair (EVAR) surgeries. Aortic stent grafts are majorly used in these surgeries owing to their advantages, such as reduced hospital and ICU stay and blood loss, over traditional open repair surgeries. Therefore, the high number of surgeries for aortic aneurysms drives the aortic stent grafts market growth.

However, increasing product recalls in the aortic stent graft market have raised concerns among healthcare providers and patients. These recalls can be due to design flaws, manufacturing defects, or inadequate safety standards. A few product recalls by the key players in the aortic stent graft market are mentioned below:

• In May 2023, Terumo Aortic issued a voluntary recall of specific lots of the Terumo Aortic TREO Abdominal Stent-Graft Systems due to the potential issue of having an incorrectly sized graft.

• In February 2021, Medtronic recalled its unused Valiant Navion thoracic stent graft system due to a risk of stent fractures and Type III endoleaks.

• In May 2020, Endologix Inc. announced a recall of its Ovation iX product due to the risk of liquid polymer leaks during implantation. The company stated that the root cause of most polymer leaks was a material weakness during manufacturing.

As a result of product recalls, trust in certain brands and products may diminish, leading to a potential decline in demand for aortic valve replacement devices. In addition, patients and medical professionals may become extra cautious when considering these devices, preferring to opt for alternatives or delaying procedures. Thus, an increase in product recalls hampers the aortic stent grafts market growth.

Aortic Stent Grafts Market: Segmental Overview

The aortic stent grafts market is segmented on the basis of product and end user. By product, the market is bifurcated into abdominal aortic stent grafts and thoracic aortic stent grafts. The abdominal aortic stent graft segment held a larger market share in 2023. Abdominal aortic stent grafts are medical devices utilized in EVAR to treat aortic aneurysms of the abdomen. This stent graft is implanted inside the abdominal aorta of the patient to help protect the aneurysm from rupturing. Increasing cases of AAA and the rising demand for minimally invasive surgery for treatment are boosting the demand for these stent-grafts in the market.

In terms of end users, the aortic stent grafts market is segmented into hospitals and ambulatory surgical centers. The hospital segment is anticipated to hold a significant market share during 2023–2031, owing to the presence of specialized and complex scientific instruments. These organizations employ teams of trained staff educated in the problems of modern medical science. They serve a significant role by providing extensive medical services to patients with various diseases. Therefore, hospitals are the primary end users of aortic stent graft devices as they offer a wide range of medical services, including invasive procedures such as EVAR and thoracic endovascular aortic repair (TEVAR).

Aortic Stent Grafts Market: Geographical Overview

The scope of the global brachytherapy devices market report entails North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America held a major aortic stent grafts market share in 2023, followed by Europe; the market in the Asia Pacific region is growing with the highest CAGR during the forecast period. The growth of the aortic stent grafts market in this region is attributed to the rising incidence of aortic aneurysm and its risk factors in the region.

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Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Aortic Stent Grafts Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Aortic Stent Grafts Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Aortic Stent Grafts Market - Global Market Analysis
6.1 Aortic Stent Grafts - Global Market Overview
6.2 Aortic Stent Grafts - Global Market and Forecast to 2031
7. Aortic Stent Grafts Market – Revenue Analysis (USD Million) – By Product, 2021-2031
7.1 Overview
7.2 Abdominal Aortic Stent Grafts
7.3 Thoracic Aortic Stent Grafts
8. Aortic Stent Grafts Market – Revenue Analysis (USD Million) – By End User, 2021-2031
8.1 Overview
8.2 Hospitals
8.3 Ambulatory Surgical Centers
9. Aortic Stent Grafts Market - Revenue Analysis (USD Million), 2021-2031 – Geographical Analysis
9.1 North America
9.1.1 North America Aortic Stent Grafts Market Overview
9.1.2 North America Aortic Stent Grafts Market Revenue and Forecasts to 2031
9.1.3 North America Aortic Stent Grafts Market Revenue and Forecasts and Analysis - By Product
9.1.4 North America Aortic Stent Grafts Market Revenue and Forecasts and Analysis - By End User
9.1.5 North America Aortic Stent Grafts Market Revenue and Forecasts and Analysis - By Countries
9.1.5.1 United States Aortic Stent Grafts Market
9.1.5.1.1 United States Aortic Stent Grafts Market, by Product
9.1.5.1.2 United States Aortic Stent Grafts Market, by End User
9.1.5.2 Canada Aortic Stent Grafts Market
9.1.5.2.1 Canada Aortic Stent Grafts Market, by Product
9.1.5.2.2 Canada Aortic Stent Grafts Market, by End User
9.1.5.3 Mexico Aortic Stent Grafts Market
9.1.5.3.1 Mexico Aortic Stent Grafts Market, by Product
9.1.5.3.2 Mexico Aortic Stent Grafts Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries

9.2 Europe
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Middle East and Africa
9.4.1 South Africa
9.4.2 Saudi Arabia
9.4.3 U.A.E
9.4.4 Rest of Middle East and Africa
9.5 South and Central America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South and Central America
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Agreements, Collaborations, Joint Ventures
10.3 New Product Launches
10.4 Expansions and Other Strategic Developments
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Aortic Stent Grafts Market - Key Company Profiles
12.1 Endologix Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
Note - Similar information would be provided for below list of companies

12.2 Terumo Corporation
12.3 Radcliffe Medical Media
12.4 MicroPort Scientific Corporation
12.5 Corcym
12.6 LeMaitre Vascular, Inc
12.7 W. L. Gore & Associates, Inc
12.8 JOTEC GmbH
12.9 Medtronic
13. Appendix
13.1 Glossary
13.2 About The Insight Partners
13.3 Market Intelligence Cloud