Aortic Stent Grafts Market Size, Share, Growth Analysis, By Product Type(Abdominal Aortic Stent Graft, and Thoracic Aortic Stent Graft.), By End User(Hospitals, and Ambulatory Surgical Centers/Outpatient Surgical Centers.) - Industry Forecast 2024-2031

Global Aortic Stent Grafts Market was valued at USD 2.55 billion in 2022 and is expected to rise from USD 2.65 billion in 2023 to reach USD 3.63 billion by the end of 2031, by rising at a CAGR of 4% during the forecast period, (2024-2031).

An aortic stent is a metal skeleton enclosed in a fabric graft. In order to stop the aneurysm's blood supply from continuing, the graft usually works by applying pressure to the sections of the artery above and below the aneurysm. The stent is inserted into the aorta and forms a secure passageway for blood, thus, allowing the aneurysm to contract.

One of the key reasons influencing the growth of the global aortic stent graft market is the rising prevalence of aortic aneurysm among patients worldwide. The increase in demand for repairing thoracic and abdominal aneurysm is a result of the rise in cardiovascular diseases (CVDs), and the longer average life expectancy of people. The market is also driven by customers choosing endovascular repair over open surgical repair and by the rising preference for minimally invasive surgeries because of their reduced discomfort and quick recovery times. Additionally, the market for aortic stent grafts benefits from urbanization, increase in R&D activities, improved healthcare infrastructure, and unhealthy lifestyles of people. Additionally, the rise in investments on research and development and clinical trials on improving aortic stent graft designs are likely to create lucrative growth opportunities for market participants during the projected period.

On the other hand, the lack of awareness about new EVAR treatment as well as the danger of endoleaks and other problems associated with the use of aortic stent grafts may pose hindrance to the overall market expansion. The market for aortic stent grafts may also face certain challenges due to a shortage of skilled medical personnel in underdeveloped regions.

US Aortic Stent Grafts Market is poised to grow at a sustainable CAGR for the next forecast year.