
Latin America Aortic Stent Graft Market Report and Forecast 2024-2032
Description
Latin America Aortic Stent Graft Market Report and Forecast 2024-2032
Latin America Aortic Stent Graft Market Report and Forecast 2024-2032
Latin America Aortic Stent Graft Market Size
The global aortic stent graft market was valued at USD 3.1 billion in 2023, with Latin America holding a significant market share. The market is driven by the growing demand for minimally invasive surgical techniques to treat vascular diseases. It is expected to grow at a CAGR of 5.8% during the forecast period of 2024-2032, with the values likely to attain USD 5.2 billion by 2032.
Latin America Aortic Stent Graft Market Outlook
- In January 2024, W. L. Gore & Associates, Inc., announced that the FDA has approved its lower profile GORE® VIABAHN® VBX Balloon Expandable Endoprosthesis. The innovative stent graft offers more choices and flexibility to healthcare providers when treating patients with complicated blood vessel issues and is anticipated to elevate the Latin America aortic stent graft market value.
- Abdominal aortic aneurysm (AAA) is the most common form of aortic aneurysm, with older adults at a higher risk of developing the condition. The growing aging population in the Latin American region is likely to augment the market demand for effective treatment solutions including aortic stent grafts.
- The market share is influenced by the growing number of clinical trials and post-market surveillance studies to evaluate the effectiveness and safety profile of new aortic stent grafts.
Aortic stent grafts are tube-like devices consisting of fabric-covered metal mesh. It is used in the treatment of aortic aneurysms and helps reinforce the wall of the aorta and prevent the aneurysm from rupturing. To repair an abdominal aortic aneurysm, a minimally invasive procedure called endovascular aneurysm repair (EVAR) is performed in which an aortic stent graft is required. There is a growing preference for minimally invasive surgeries as they are associated with shorter recovery times and lower risk of complications as compared to conventional open surgeries. This rising patient inclination towards endovascular aneurysm repair is expected to drive the Latin America aortic stent graft market growth in the coming years.
Abdominal aortic aneurysm (AAA) is the most common form of aortic aneurysm and poses a significant health challenge in Latin America. Older adults tend to be more susceptible to developing the condition, with the disease reported to be highly prevalent in patients over 60 years of age. As a minimally invasive treatment option, aortic stent grafts are suitable for elderly patients who may experience higher risks in open surgical techniques due to age-related health issues. Thus, the growing aging population in the region is likely to augment the market demand for effective treatment solutions including aortic stent grafts in healthcare settings.
One of the major Latin America aortic stent graft market trends is the rising technological advancements that are leading to the development of more effective and minimally invasive stent grafts. In January 2024, W. L. Gore & Associates, Inc., a global materials science company, announced that its lower profile GORE® VIABAHN® VBX Balloon Expandable Endoprosthesis (VBX Stent Graft) was approved by the United States Food and Drug Administration (FDA) for treating complex vascular disease. The innovative stent graft has 6 French (Fr) compatible configurations among balloon expandable stent-grafts, offering more choices and flexibility to healthcare providers when treating patients with complicated blood vessel issues. The introduction of such advanced medical devices in Latin American countries by the key market players is expected to elevate the market value in the forecast period.
The Latin America aortic stent graft market share is also influenced by the growing number of clinical trials to evaluate the effectiveness and safety profile of new aortic stent grafts. Further, the rise in post-market surveillance studies on stent grafts and endovascular aneurysm repair such as the Global Registry for Endovascular Aortic Treatment (the GREAT registry) is expected to enhance trust among patients and healthcare providers, leading to market expansion in the region.
Latin America Aortic Stent Graft Market Segmentation
The report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Abdominal Aortic Stent Grafts
Thoracic Aortic Stent Grafts
Market Breakup by End User
Hospitals
Ambulatory Surgical Centres
Others
Market Breakup by Country
Brazil
Argentina
Mexico
Others
Leading Players in the Latin America Aortic Stent Graft Market
The key features of the market report include patent analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Cook Medical, Inc.
- W.L. Gore & Associates
- MicroPort Scientific Corporation Inc.
- Medtronic Plc.
- Lombard Medical, Inc.
- Endologix, INC.
- Terumo Corporation Inc.
- Cardinal Health Inc.
- Becton, Dickinson and Company
- CryoLife Inc.
FAQs
- What is the Latin America aortic stent graft market forecast outlook for 2024-2032?
- What are the major factors aiding the Latin America aortic stent graft market demand?
- What are the major Latin America aortic stent graft market trends?
- What is the market segmentation based on the product?
- What are the major end users of the market?
- What is the market segmentation by countries?
- Who are the key players involved in the Latin America aortic stent graft market?
Meta description
The Latin America aortic stent graft market is poised for growth, driven by the expansion of the global market, which reached a value of 3.1 billion in 2023 and is projected to grow at a CAGR of 5.8% during the forecast period of 2024-2032.
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Table of Contents
140 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Latin America Aortic Stent Graft Market Overview
- 3.1 Latin America Aortic Stent Graft Market Historical Value (2017-2023)
- 3.2 Latin America Aortic Stent Graft Market Forecast Value (2024-2032)
- 4 Latin America Aortic Stent Graft Market Landscape*
- 4.1 Latin America Aortic Stent Graft: Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Latin America Aortic Stent Graft: Product Landscape
- 4.2.1 Analysis by Product
- 4.2.2 Analysis by Type
- 4.2.3 Analysis by Application
- 5 Latin America Aortic Stent Graft Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.2.1 Strengths
- 5.2.2 Weaknesses
- 5.2.3 Opportunities
- 5.2.4 Threats
- 5.3 Porter’s Five Forces Analysis
- 5.3.1 Bargaining Power of Suppliers
- 5.3.2 Bargaining Power of Buyers
- 5.3.3 Threat of New Entrants
- 5.3.4 Threat of Substitutes
- 5.3.5 Degree of Rivalry
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Latin America Aortic Stent Graft Market Segmentation (2017-2032)
- 6.1 Latin America Aortic Stent Graft Market (2017-2032) by Product
- 6.1.1 Market Overview
- 6.1.2 Abdominal Aortic Stent Grafts
- 6.1.3 Thoracic Aortic Stent Grafts
- 6.2 Latin America Aortic Stent Graft Market (2017-2032) by End User
- 6.2.1 Market Overview
- 6.2.2 Hospitals
- 6.2.3 Ambulatory Surgical Centers
- 6.2.4 Others
- 6.3 Latin America Aortic Stent Graft Market (2017-2032) by Countries
- 6.3.1 Market Overview
- 6.3.2 Brazil
- 6.3.3 Argentina
- 6.3.4 Mexico
- 6.3.5 Others
- 7 Brazil Aortic Stent Graft Market (2017-2032)
- 7.1 Brazil of Aortic Stent Graft Market (2017-2032) by Product
- 7.1.1 Market Overview
- 7.1.2 Abdominal Aortic Stent Grafts
- 7.1.3 Thoracic Aortic Stent Grafts
- 7.2 Brazil of Aortic Stent Graft Market (2017-2032) by End User
- 7.2.1 Market Overview
- 7.2.2 Hospitals
- 7.2.3 Ambulatory Surgical Centers
- 7.2.4 Others
- 8 Argentina Aortic Stent Graft Market (2017-2032)
- 8.1 Argentina Aortic Stent Graft Market (2017-2032) by Product
- 8.1.1 Market Overview
- 8.1.2 Abdominal Aortic Stent Grafts
- 8.1.3 Thoracic Aortic Stent Grafts
- 8.2 Argentina Aortic Stent Graft Market (2017-2032) by End User
- 8.2.1 Market Overview
- 8.2.2 Hospitals
- 8.2.3 Ambulatory Surgical Centers
- 8.2.4 Others
- 9 Mexico Aortic Stent Graft Market (2017-2032)
- 9.1 Mexico Aortic Stent Graft Market (2017-2032) by Product
- 9.1.1 Market Overview
- 9.1.2 Abdominal Aortic Stent Grafts
- 9.1.3 Thoracic Aortic Stent Grafts
- 9.2 Mexico Aortic Stent Graft Market (2017-2032) by End User
- 9.2.1 Market Overview
- 9.2.2 Hospitals
- 9.2.3 Ambulatory Surgical Centers
- 9.2.4 Others
- 10 Regulatory Framework
- 11 Patent Analysis
- 11.1 Analysis by Type of Patent
- 11.2 Analysis by Publication year
- 11.3 Analysis by Issuing Authority
- 11.4 Analysis by Patent Age
- 11.5 Analysis by CPC Analysis
- 11.6 Analysis by Patent Valuation
- 11.7 Analysis by Key Players
- 12 Funding and Investment Analysis
- 12.1 Analysis by Funding Instances
- 12.2 Analysis by Type of Funding
- 12.3 Analysis by Funding Amount
- 12.4 Analysis by Leading Players
- 12.5 Analysis by Leading Investors
- 12.6 Analysis by Geography
- 13 Partnership and Collaborations Analysis
- 13.1 Analysis by Partnership Instances
- 13.2 Analysis by Type of Partnership
- 13.3 Analysis by Leading Players
- 13.4 Analysis by Geography
- 14 Supplier Landscape
- 14.1 Market Share by Top 5 Companies
- 14.2 Cook Medical, Inc.
- 14.2.1 Financial Analysis
- 14.2.2 Product Portfolio
- 14.2.3 Demographic Reach and Achievements
- 14.2.4 Mergers and Acquisitions
- 14.2.5 Certifications
- 14.3 W.l. Gore & Associates
- 14.3.1 Financial Analysis
- 14.3.2 Product Portfolio
- 14.3.3 Demographic Reach and Achievements
- 14.3.4 Mergers and Acquisitions
- 14.3.5 Certifications
- 14.4 MicroPort Scientific Corporation Inc.
- 14.4.1 Financial Analysis
- 14.4.2 Product Portfolio
- 14.4.3 Demographic Reach and Achievements
- 14.4.4 Mergers and Acquisitions
- 14.4.5 Certifications
- 14.5 Medtronic Plc.
- 14.5.1 Financial Analysis
- 14.5.2 Product Portfolio
- 14.5.3 Demographic Reach and Achievements
- 14.5.4 Mergers and Acquisitions
- 14.5.5 Certifications
- 14.6 Lombard Medical, Inc.
- 14.6.1 Financial Analysis
- 14.6.2 Product Portfolio
- 14.6.3 Demographic Reach and Achievements
- 14.6.4 Mergers and Acquisitions
- 14.6.5 Certifications
- 14.7 Endologix, INC.
- 14.7.1 Financial Analysis
- 14.7.2 Product Portfolio
- 14.7.3 Demographic Reach and Achievements
- 14.7.4 Mergers and Acquisitions
- 14.7.5 Certifications
- 14.8 Terumo Corporation Inc.
- 14.8.1 Financial Analysis
- 14.8.2 Product Portfolio
- 14.8.3 Demographic Reach and Achievements
- 14.8.4 Mergers and Acquisitions
- 14.8.5 Certifications
- 14.9 Cardinal Health Inc.
- 14.9.1 Financial Analysis
- 14.9.2 Product Portfolio
- 14.9.3 Demographic Reach and Achievements
- 14.9.4 Mergers and Acquisitions
- 14.9.5 Certifications
- 14.10 Becton, Dickinson and Company
- 14.10.1 Financial Analysis
- 14.10.2 Product Portfolio
- 14.10.3 Demographic Reach and Achievements
- 14.10.4 Mergers and Acquisitions
- 14.10.5 Certifications
- 14.11 Cryolife Inc.
- 14.11.1 Financial Analysis
- 14.11.2 Product Portfolio
- 14.11.3 Demographic Reach and Achievements
- 14.11.4 Mergers and Acquisitions
- 14.11.5 Certifications
- 15 Latin America Aortic Stent Graft – Distribution Model (Additional Insight)
- 15.1 Overview
- 15.2 Potential Distributors
- 15.3 Key Parameters for Distribution Partner Assessment
- 16 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 17 Company Competitiveness Analysis (Additional Insight)
- 17.1 Very Small Companies
- 17.2 Small Companies
- 17.3 Mid-Sized Companies
- 17.4 Large Companies
- 17.5 Very Large Companies
- 18 Payment Methods (Additional Insight)
- 18.1 Government Funded
- 18.2 Private Insurance
- 18.3 Out-of-Pocket
- *Additional insights provided are customisable as per client requirements.
- * The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
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