Europe Endovascular Aortic Stent Grafts Market was valued at USD 1.15 Billion in 2022 and is projected to reach USD 1.83 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The European market for endovascular aortic stent grafts is undergoing significant evolution, driven by technological advancements and the increasing prevalence of aortic aneurysms. This article delves into the types of stent grafts available and the specific requirements industries must meet to cater to this growing demand.
Market Overview
As of 2023, the global aortic stent grafts market was valued at approximately $3.12 billion, with projections indicating growth at a CAGR of over 3% through 2033. Europe, with its advanced healthcare infrastructure and expanding elderly population, plays a pivotal role in this market expansion. The region's commitment to cardiovascular research and technological innovation further cements its leadership position.
Types of Endovascular Aortic Stent Grafts
Abdominal Aortic Stent Grafts: Designed to address abdominal aortic aneurysms (AAA), these grafts are inserted into the abdominal section of the aorta to prevent rupture. The segment accounted for the largest revenue share in 2022, driven by increasing regulatory approvals and the effectiveness of endovascular aneurysm repair (EVAR) procedures.
Thoracic Aortic Stent Grafts: These are utilized for thoracic aortic aneurysms (TAA), reinforcing the weakened area of the aorta in the chest region. The segment is expected to register a moderately fast revenue growth rate, attributed to rising regulatory approvals and the effectiveness of thoracic endovascular aneurysm repair (TEVAR) procedures.
Industry Requirements and Considerations
Technological Innovation: Continuous research and development are imperative to enhance stent graft designs, ensuring compatibility with complex anatomies and reducing potential complications. The integration of advanced imaging and navigational technologies is also crucial for precise placement during procedures.
Regulatory Compliance: Adherence to stringent European regulatory standards guarantees product quality and safety, boosting consumer confidence. Manufacturers must navigate these regulations diligently to ensure timely product approvals.
Cost Management: The high costs associated with stent graft procedures can be a barrier, especially in developing countries. Industries must focus on cost-effective manufacturing processes and collaborate with healthcare providers to develop affordable solutions.
Training and Education: Proper training for healthcare professionals is essential to maximize the benefits of EVAR and TEVAR procedures. Industries should invest in educational programs to ensure the safe and effective use of their products.
Future Outlook
The preference for minimally invasive procedures, coupled with an aging population, is expected to drive the demand for endovascular aortic stent grafts in Europe. As technology advances, more complex aneurysms that were previously challenging to treat with stent grafts will become candidates for endovascular repair, further propelling market growth.
In conclusion, the European endovascular aortic stent grafts market is poised for substantial growth. By focusing on technological innovation, regulatory compliance, cost management, and comprehensive training, industries can effectively meet the evolving demands of this dynamic market.
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Terumo
Getinge
BD
W. L. Gore & Associates.
B.Braun
Medtronic
Artivion
Braile Biomedica
Cordis
Cook Medical
Bentley InnoMed
Endologix
Lombard Medical
LeMaitre
SB Kawasumi Laboratories
Jotec
Merit Medical
Shanghai MicroPort Endovascular MedTech
LifeTech Scientific
Beijing Percutek Therapeutics
Grimed Medical
Aortec Medical Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Endovascular Aortic Stent Grafts Market
Fabric Grafts
Metallic Stents
Combination Grafts
Covered Stents
Uncovered Stents
Abdominal Aortic Aneurysm (AAA)
Thoracic Aortic Aneurysm (TAA)
Dissecting Aneurysms
Aortic Arch Aneurysm
Peripheral Aneurysms
Endovascular Delivery Systems
Open Surgical Delivery Systems
Hybrid Systems
Polyester
Polytetrafluoroethylene (PTFE)
Composite Materials
Biodegradable Polymers
Metal Alloys
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialized Clinics
Research Institutions
Home Care Settings
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Endovascular Aortic Stent Grafts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Endovascular Aortic Stent Grafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Endovascular Aortic Stent Grafts Market, By Type
6. Europe Endovascular Aortic Stent Grafts Market, By Application
7. Europe Endovascular Aortic Stent Grafts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Endovascular Aortic Stent Grafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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