Rapid increase in adoption of the endovascular repair instead of open surgical repair as well as growing life expectancy rate are likely to create incremental market prospects to the manufacturers and key players in the market for aortic stent grafts. Apart from this, FDA approvals with regards to enhancement of the designs of aortic stent grafts as well as rapid increase in clinical trials have been contributing significantly towards growth of market for aortic stent grafts. Hospital sector will continue to drive the production sales of aortic stent grafts in the coming years.
Future Market Insights did take up comprehensive study on a report, market for aortic stent grafts, which would also be lucrative enough for the end-users. The report displays so far that market for aortic stent grafts is likely to display expansion by 7.6% CAGR through forecast period, 2018-2028, thereby attaining an approximate estimate of US$ 4,818.5Mn by the end of 2028.
Developing technologically effective, advanced and innovative aortic stent grafts are probable to be reflected as rising trend. This will significantly influence the growth of market for aortic stent grafts in the near future. Analysts have been dedicating their complete attention towards sorting out the present and coming up concerns of the market viewers and industry players in relation to market for aortic stent grafts.
How do manufacturers contribute towards growth of the market for aortic stent grafts?
According to the in-depth analysis, manufacturers are focusing on product advancements and innovations. In addition, manufacturers along with the key players are entering into strategic mergers and acquisitions and are making heavy investments in research and development as well, which ultimately helps them in geographical expansion of their business.
Enlist factors mainly responsible for the expansion of market for aortic stent grafts.
Well, the main factors responsible for the expansion of market for aortic stent grafts are increasing cases of aortic aneurysm as well as increasing adoption of the minimally invasive surgeries amongst the patients and physicians.
Enlist factors mainly responsible for restraining the growth of market for aortic stent grafts.
Well, the main factors responsible for restraining the growth of market for aortic stent grafts are lack of awareness with regards to new EVAR treatment preferences and lack of skilled and trained healthcare providers, risk of endoleaks as well as various other complications related to the stent graft implants and most of all, product recalls.
Which regions are highly lucrative for the market for aortic stent grafts?
Analysis displays that North America is likely to dominate the market for aortic stent grafts over the forecast period. In addition, Japan region is anticipated to create lucrative growth avenues for the market for aortic stent grafts in the coming years.
Name key players operating in the market for aortic stent grafts.
Key players operating in the market for aortic stent grafts include Medtronic Plc., Becton, Dickinson and Company, Cook Medical Inc., MicroPort Scientific Corporation, Cardinal Health, Inc., CryoLife, Inc. and Lombard Medical, Inc. among others.
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