Thoracic Vascular Stent Graft Market: Current Analysis and Forecast (2023-2030)
Emphasis on Product (Plastic Thoracic Vascular Stent Grafts and Metal Thoracic Vascular Stent Grafts); End User (Hospitals, Ambulatory Surgical Centers, and Others); and Region/Country
The Thoracic Vascular Stent Graft market was valued at USD 250 Million in 2022 and is expected to grow at a CAGR of around 6% from 2023-2030. Thoracic vascular stent grafts are medical devices used in the treatment of aortic diseases, specifically within the thoracic region of the body. These grafts are designed to reinforce weakened or damaged segments of the aorta, the main blood vessel that carries oxygenated blood from the heart to the rest of the body. Stent grafts are typically used in situations where traditional surgical repair of the aorta may be more invasive or high risk. They are inserted during a minimally invasive procedure known as endovascular repair or endovascular aneurysm repair (EVAR). This procedure involves making small incisions in the groin or other suitable access points and threading the stent graft through blood vessels to the site of the thoracic aortic pathology.
Some of the major players operating in the market include Medtronic, Artivion, Inc, Cook medical, MicroPort Scientific Corporation, Terumo Corporation, Gore Medical, Lamed, Cordis, Vascumed (Pty) Ltd, LeMaitre Vascular, Inc. etc.
Insights Presented in the Report
“Amongst Products, the metal thoracic vascular stent is expected to hold significant share during the forecast period.”
Based on the product, the market is segmented into plastic thoracic vascular stent grafts and metal thoracic vascular stent grafts. Metal thoracic stent grafts have been experiencing an increasing demand in recent years. These specialized medical devices are widely used in the treatment of thoracic aortic aneurysms and other disorders involving the thoracic aorta. The growing demand for metal thoracic stent grafts can be attributed to several factors. Firstly, advancements in medical technologies and surgical techniques have improved the safety and efficacy of these devices, making them a preferred choice for many healthcare professionals.
“Amongst End Users, the Hospital segment held the dominant share in 2022.”
On the basis of end-users, the market is categorized into Hospitals, ambulatory surgical centers, and Others. Among these, the hospital’s category held a significant share of the market in 2022. This is mainly due to the high volume of treatments performed in hospitals, as well as the availability of advanced medical equipment and expertise in this setting.
“Asia Pacific is expected to grow with the highest CAGR Thoracic Vascular Stent Graft market during the forecast period.”
The APAC region has witnessed a growing incidence and prevalence of chronic vascular disease, prompting increased attention from researchers, healthcare professionals, and pharmaceutical companies. Along with this, factors such as improved diagnostic techniques, enhanced awareness among clinicians, and demographic changes may have contributed to the identification of previously undiagnosed cases. Consequently, this surge has put a spotlight on the need for improved understanding, treatment options, and market potential within the region.
Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Thoracic Vascular Stent Graft market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Thoracic Vascular Stent Graft Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Thoracic Vascular Stent Graft market were the three major steps undertaken to create and analyze the adoption of Thoracic Vascular Stent Graft in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global Thoracic Vascular Stent Graft market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Thoracic Vascular Stent Graft market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Thoracic Vascular Stent Graft market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as modality, service type, and specialist. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Thoracic Vascular Stent Graft market. Further, we conducted factor analysis using dependent and independent variables such as modality, service type, and specialist of the Thoracic Vascular Stent Graft market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Thoracic Vascular Stent Graft market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Thoracic Vascular Stent Graft market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Thoracic Vascular Stent Graft market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Thoracic Vascular Stent Graft market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Thoracic Vascular Stent Graft market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the modality, service type, and specialist in the global Thoracic Vascular Stent Graft market.
The main objective of the Global Thoracic Vascular Stent Graft Market Study
The current & future market trends of the global Thoracic Vascular Stent Graft market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Thoracic Vascular Stent Graft market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of modality, service type, and specialist.
- Define and analysis of the regulatory framework for the Thoracic Vascular Stent Graft industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Thoracic Vascular Stent Graft market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Thoracic Vascular Stent Graft market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Thoracic Vascular Stent Graft Market?
Q2: What are the driving factors for the growth of the Thoracic Vascular Stent Graft Market?
Q3: Which segment has the largest share of the Thoracic Vascular Stent Graft Market by End User?
Q4: What are the emerging technologies and trends in the Thoracic Vascular Stent Graft Market?
Q5: Which region will dominate the Thoracic Vascular Stent Graft Market?
Q6: Who are the key players operating in the Thoracic Vascular Stent Graft Market?
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