Registering a CAGR of 5.9% over the forecast period, the market value of Thoracic Aortic Stent Graft System (TAA Stent Graft System) is expected to reach US$ 5.1 billion in the year 2027.
Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market Overview
The market for aortic stents grafts is being driven by factors such as the increased prevalence of aneurysms, the growing elderly population, unhealthy lifestyles, and the growing popularity of endovascular repair. Endovascular repair has become a conventional treatment for persons with abdominal aortic aneurysms, as well as a viable alternative for those who do not qualify for open surgery. An artificial stent graft is placed over the widening and administered through an atrial blood artery in the groin.
Aortic aneurysm (AA) is becoming more common around the world, which is driving the market for aortic stents and grafts to grow. Globally, an estimated 167,150 deaths due to aortic aneurysm (AA) were recorded in 2017, according to a paper published in the National Library of Medicine (LHM). The market for aortic stents and grafts is developing due to an increase in the number of screening procedures for early detection of aneurysms, as well as a growing elderly male population. Because aneurysm illnesses like AAA are asymptomatic, early detection can help to prevent rupture and allow the expert to begin the right treatment approach.
The report aspects discussed the profile of the top manufacturers of the global Thoracic Aortic Stent Graft System (TAA Stent Graft System) market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News and Updates:
Endovastec™ Receives MDSAP Certificate for Brazil and Japan
Shanghai, China, 11 April 2022 — Shanghai MicroPort Endovascular MedTech (Group) Co., Ltd. (Endovastec™) recently announced that it has received a Medical Device Single Audit Program (MDSAP) certificate from the Technischer Überwachungs-Verein (TÜV SÜD), an international notified body, certifying Endovastec™’s compliance with both ISO13485:2016 standards and the regulatory requirements in Brazil, and Japan, which lays the groundwork and provides the momentum for the company's global development.
What are the major Applications, Types, and Regions of the Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
- Unibody
- Bifurcated
- Others
By Application, it is segmented into
Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market Regional Analysis
The U.K market is projected to register a steady CAGR of 5.3% over the forecast period of 2022 and 2028. Expanding healthcare infrastructure, advances in minimally invasive procedures, a soaring male geriatric population, and a rising patient pool suffering from aortic aneurysms and other heart-related diseases. The Asia Pacific is expected to be one of the fastest-growing regions for aortic stent graft growth at a CAGR of 6.9% during the forecast period, with Europe at 4.8% and the U.S. medical device industry at the range of 4.9% to 5.7% in upcoming years.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market report scope?
Report Attributes
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Report Details
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Report Title
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Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Endovastec, Medtronic plc (NYSE:MDT), GORE Medical, COOK Medical
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.9% over the forecast period (2022-2027)
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By Type
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- Unibody
- Bifurcated
- Others
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By Application
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By Companies
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Endovastec, Medtronic plc (NYSE:MDT), GORE Medical, COOK Medical, LifeTech Scientific Corporation (HKSE:1302.HK)
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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130
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Thoracic Aortic Stent Graft System (TAA Stent Graft System) Report
- Evaluate Thoracic Aortic Stent Graft System (TAA Stent Graft System) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Thoracic Aortic Stent Graft System (TAA Stent Graft System) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market?
The Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market is growing at a CAGR of 5.9% over the next 5 years.
Which are the factors that drives Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market Growth?
The growth of market is driven by factors such as the increased prevalence of aneurysms, the growing elderly population, unhealthy lifestyles, and the growing popularity of endovascular repair.
What segments are covered in the Aortic Stent Graft System (TAA Stent Graft System) Market report?
The Global Aortic Stent Graft System (TAA Stent Graft System) Market is Segmented on the basis of Product, Application, Usability, And Geography.
Who are the key players in Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market?
Endovastec, Medtronic plc (NYSE:MDT), GORE Medical, COOK Medical, LifeTech Scientific Corporation (HKSE: 1302.HK)
What are the significant types of Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market?
Unibody, Bifurcated, Others
What are the major end-use applications of Thoracic Aortic Stent Graft System (TAA Stent Graft System) Market?
Hospital, Clinic, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
