Branched Stent Grafts Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2021-2031, TMR
Global Branched Stent Grafts Market: Overview
Products in the global branched stent grafts market find applications in various EVAR or endovascular aneurysm repair procedures. EVAR for major aortic pathology, including aneurysms, traumatic ruptures, and dissections have gained widespread surgeon as well as patient acceptance owing to lower rates of morbidity as well as mortality. This trend is anticipated to fuel the demand in the global branched stent grafts market over the forecast period of 2021 to 2031. Increasing instances of cardiovascular diseases along with widespread acceptance of stenting procedures are also driving the growth in the global branched stent grafts market.
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The research report closely evaluates the present conditions in the global branched stent grafts market and projects the market’s future trajectory during the forecast period of 2021 to 2031. It highlights certain trends and developments that can prove to be of great benefit to the upward climb of the global branched stent grafts market in the next three years. It also evaluates the changing landscape of the industry in coming years and projects the performance potential of the global branched stent grafts market during the forecast period of 2021 to 2031.
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Global Branched Stent Grafts Market: Key Trends and Drivers
Increase in the number of endovascular aneurysm repair or EVAR procedures, enhancements in the quality of patient care, and increasing innovations in medical technologies are few of the major factors influencing the growth in the global branched stent grafts market. Furthermore, increasing geriatric population as well as high prevalence of AAA or abdominal aortic aneurysm are also driving the growth in the global branched stent grafts market. However, decline in sales, reduction in growth rate, and deferring of elective surgeries caused by the outbreak of the novel corona virus and subsequent pandemic is hampering the development of the global branched stent grafts market. On the other hand, increasing demand for minimally invasive surgical procedures is also expected to favour the considerable growth of the global branched stent grafts market in coming years.
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Global Branched Stent Grafts Market: Leading Players and Manufacturers
Some of the major incumbent players functional within the global branched stent grafts market include Medtronic, Alvimedica, Eucatech AG, Abbott Laboratories, Cardinal Health, Terumo Corp., Biotronik, Endocor GmbH, Merit Medical Systems, Cook Medical, and Boston Scientific Corporation, among others. Many players and manufacturers in the global branched stent grafts market are engaged in new product launches, collaborations and agreements, geographical expansions, and mergers and acquisitions in order to capture a substantial share in the industry. For example, Cook Medical received a breakthrough device designation by the FDA of the United States for their Zenith Fenestrated + Endovascular graft in March 2021, known as ‘ZFEN+’. However, this product is yet to be made commercially available for the public.
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Global Branched Stent Grafts Market: Regional Assessment
North America is likely to hold the largest share in the global branched stent grafts market in coming years owing to well established healthcare infrastructure, presence of various major players, as well as favourable reimbursement coverage in the region. It is anticipated that the North America region will experience fierce competition in the global branched stent grafts market in coming years owing to strong presence of many established and well-trenched industry players. On the other hand, another region expected to perform well in the overall global branched stent grafts market over the forecast period is Asia Pacific. This trend can be attributed to rapidly expanding field of medical tourism as well as increasing spending on healthcare in the region. Other notable factors stimulating growth in the global branched stent grafts market in Asia Pacific include availability of affordable treatment options, enhanced convenience, and presence of high quality healthcare and medical infrastructure in the region.
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