Aortic Stent Grafts Market Size, Demand, and Forecast | 2030

Aortic Stent Grafts Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Abdominal Aortic Stent Graft and Thoracic Aortic Stent Graft), End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)

Publication Month : Mar 2024

  • Report Code : TIPHE100000878
  • Category : Medical Device
  • Status : Data Released
  • No. of Pages : 150
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[Research Report] The aortic stent grafts market is projected to grow from US$ 2.49 billion in 2023 to US$ 4.04 billion by 2031; the market is estimated to record a CAGR of 6.2% during 2023–2031.

Market Insights and Analyst View:

A stent graft device is a specialized medical implant designed to treat aortic aneurysm through minimally invasive endovascular techniques. The stent graft is made of a thin metal mesh called the stent, covered with a thin polyester fabric called the graft. It is inserted through a catheter and placed inside the aorta. Once in place, the stent graft stays fixed, and blood flows through it, protecting the affected part of the aorta and preventing the rupturing of an aneurysm. Increasing incidence of aortic aneurysm and rising demand for minimally invasive procedures such as endovascular repairs drive the aortic stent grafts market growth. 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.

Growth Drivers:

Improvements in medical science and technologies have given way to minimally invasive devices, which can aid in replacing traditional painful surgical methods with minimally invasive or noninvasive methods. Minimally invasive techniques have gained popularity in surgical fields such as cardiac surgery. Endovascular aneurysm repair (EVAR) is a minimally invasive procedure for treating abdominal aortic aneurysms. The procedure is performed by inserting a stent graft into the affected part of the aorta and uses a smaller incision than open cardiac surgery to enable wound healing and reduce procedure time. An article published by JAMA Network in May 2022, a study conducted to compare long-term outcomes of EVAR with open repair of AAA, suggested that endovascular repair is associated with lower risk than open repair in treating abdominal aortic aneurysm. Additionally, surgeons have embraced minimally invasive techniques due to their potential benefits, and advancements in medical devices and surgical skills have further facilitated widespread adoption. As a result, healthcare institutions are investing in training their medical teams and acquiring the necessary equipment to meet the increasing demand for elective aortic aneurysm repair surgeries, thereby providing patients with improved treatment options and enhanced overall healthcare experiences.

Thus, the increasing demand for minimally invasive devices drives the aortic stent grafts market growth.

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Aortic Stent Grafts Market: Strategic Insights

aortic-stent-graft-market
Market Size Value inUS$ 2.49 billion in 2023
Market Size Value byUS$ 4.04 billion by 2031
Growth rateCAGR of 6.2% from 2023 to 2031
Forecast Period2023-2031
Base Year2023
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Report Segmentation and Scope:

The “global aortic stent grafts market analysis to 2031” has been carried out by considering the following segments: product and end user.

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Segmental Analysis:

Based on product, the market is bifurcated into abdominal aortic and thoracic aortic stent grafts. The abdominal aortic stent graft segment held the larger aortic stent grafts market share in 2023.

In terms of end user, the 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.

Aortic Stent Grafts Market, by Product – 2023 and 2031

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Regional Analysis:

The scope of the global aortic stent grafts market report focuses on North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa.

In terms of revenue, North America dominated the aortic stent grafts market share in 2023. The increasing prevalence of aortic aneurysms owing to the high number of smokers and high preference for minimally invasive operations, supported by favorable reimbursement regulations, and the increasing expenditure on healthcare services across the US are the key factors driving the growth of the market in the country. For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in September 2021, having a history of smoking is responsible for ~ 75% of abdominal aortic aneurysms and men over 65 years and above who have a history of smoking are recommended to receive an abdominal aortic aneurysm ultrasound screening, even if they are asymptomatic, by the U.S. Preventive Services Task Force. In addition, according to the Society for Vascular Surgery (SVS), ~ 200,000 people are diagnosed with AAA in the US every year. Thus, a rising incidence of cardiovascular conditions such as aortic aneurysms among the population boosts the demand for aortic stent grafts in the US, facilitating the expansion of the aortic stent grafts market.

Industry Developments and Future Opportunities:

The aortic stent grafts market forecast can help stakeholders in this marketplace plan their growth strategies. As per press releases by key players operating in the market, a few initiatives are listed below:

  • In September 2023, MicroPort Endovastec's three aortic intervention products were approved by the Thailand Food and Drug Administration (TFDA). These products include the Castor Branched Aortic Stent-Graft and Delivery System, the Minos Abdominal Aortic Stent-Graft and Delivery System, and the Hercules Thoracic Stent Graft System with Low Profile Delivery System. These products were developed to treat thoracic and abdominal aortic diseases and are now registered and approved for use in Thailand.
  • In March 2023, Bolton Medical, Inc. received U.S. Food & Drug Administration (FDA) approval for its RelayPro Thoracic Stent-Graft System. The system comprises a delivery catheter and tube-shaped implants, called stent grafts, made of nitinol, polyester, and platinum-iridium. It is used to repair damage in the aorta, specifically in the area behind the heart, known as the descending thoracic aorta.
  • In March 2023, Vector Biolabs announced the completion of a facility expansion. The newly constructed facility has office space, warehouses, QC labs, and a cleanroom manufacturing suite. The company stated that, with the extra capacity, Vector will be able to continue providing its fast response times even as field demand grows and expand its offering to include new product characterization and quality control services.
  • In May 2021, Endologix LLC launched ALTO Abdominal Stent Graft in Canada after receiving approval from Health Canada, and it has also received commercial approval for it in Argentina. With the launch of this latest Endovascular Aneurysm Repair (EVAR) technology, the company aims to expand its global reach in the market.

Competitive Landscape and Key Companies:

ENDOLOGIX INC; Terumo Corporation; Radcliffe Medical Media; Cook; MicroPort Scientific Corporation; Corcym; LeMaitre Vascular, Inc; W. L. Gore & Associates, Inc.; JOTEC GmbH; and Medtronic are among the prominent players profiled in the aortic stent grafts market report. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are aortic stent grafts?

An aortic stent graft device is a specialized medical implant designed to treat aortic aneurysm through minimally invasive endovascular techniques. The stent graft is made of a thin metal mesh called the stent, covered with a thin polyester fabric called the graft. It is inserted through a catheter and placed inside the aorta. Once in place, the stent graft stays fixed, and blood flows through it, protecting the affected part of the aorta and preventing the rupturing of an aneurysm.

What factors drive the aortic stent grafts market?

Key factors driving the aortic stent grafts market growth are increasing incidence of aortic aneurysm and rising demand for minimally invasive procedures such as endovascular repairs.

Who are the major players in the aortic stent grafts market?

The aortic stent grafts market majorly consists of the players, including ENDOLOGIX INC; Terumo Corporation; Radcliffe Medical Media; Cook; MicroPort Scientific Corporation; Corcym; LeMaitre Vascular, Inc; W. L. Gore & Associates, Inc.; JOTEC GmbH; and Medtronic.

What was the estimated aortic stent grafts market size in 2023?

The aortic stent grafts market was valued at US$ 2.49 billion in 2023.

What are the growth estimates for the aortic stent grafts market till 2031?

The aortic stent grafts market is expected to be valued at US$ 4.04 billion in 2031.

Which product segment dominates the aortic stent grafts market?

Based on product, the aortic stent grafts market is bifurcated into abdominal aortic stent graft and thoracic aortic stent graft. The abdominal aortic stent graft segment held a larger market share in 2023.

The List of Companies - Aortic Stent Grafts Market

  1. ENDOLOGIX INC
  2.  Terumo Corporation
  3.  Radcliffe Medical Media
  4.  Cook
  5.  MicroPort Scientific Corporation
  6.  Corcym
  7.  LeMaitre Vascular, Inc
  8.  W. L. Gore & Associates, Inc
  9.  JOTEC GmbH
  10.  Medtronic

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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