Global Branched Stent Graft Market to Reach USD 814 Million by 2032, Driven by Innovative Medical Solutions and Technological Advancements | FMI

The global branched stent graft market has demonstrated robust growth in recent years, and projections indicate continued expansion in the coming decade. With an estimated market value of USD 361 million in 2022, the global branched stent graft market is poised to reach USD 814 million by 2032, reflecting a compound annual growth rate (CAGR) of 8.5% between 2022 and 2032. This steady growth can be attributed to increasing technological advancements in the medical device industry, the rising prevalence of cardiovascular diseases, and the growing adoption of minimally invasive surgical procedures.

Understanding Branched Stent Grafts and Their Importance

A branched stent graft is a specialized type of vascular stent used in the treatment of aortic aneurysms and other complex aortic diseases. These devices are particularly crucial in cases where the aneurysm or lesion is located near branches of the aorta, such as the renal arteries. The branched design of the stent allows for more precise placement, thereby ensuring that blood flow is maintained to essential branches of the aorta while also preventing rupture of the aneurysm. The ability to perform such a procedure with minimal invasiveness is one of the primary reasons why branched stent grafts are gaining popularity.

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Market Drivers: Factors Contributing to the Growth of the Branched Stent Graft Market

1. Increasing Incidence of Aortic Aneurysms

One of the most significant factors contributing to the growth of the branched stent graft market is the rising global prevalence of aortic aneurysms. Aortic aneurysms, particularly abdominal and thoracic aneurysms, have become more common due to an aging population, unhealthy lifestyle choices, and other risk factors such as hypertension, smoking, and genetic conditions. As the global population ages, the demand for effective treatment options, such as branched stent grafts, continues to grow.

1. Technological Advancements in Stent Graft Designs

Advancements in the design and manufacturing of branched stent grafts have improved their effectiveness and reduced the risk of complications. Newer stent grafts feature enhanced durability, precision in placement, and more efficient sealing capabilities. Innovations such as fenestrated and modular stent grafts have made it possible to treat complex aortic pathologies more successfully, further driving the adoption of these devices.

1. Minimally Invasive Nature of Stent Graft Procedures

The growing preference for minimally invasive surgical procedures has played a significant role in the growth of the branched stent graft market. These procedures typically involve smaller incisions, reduced blood loss, shorter recovery times, and decreased risk of infection when compared to traditional open surgeries. As a result, both patients and healthcare providers are increasingly opting for stent graft procedures as a safer and more efficient alternative for managing aortic diseases.

Challenges in the Branched Stent Graft Market: Complications in Stent Graft Implantation

Despite the promising growth prospects, the branched stent graft market faces certain challenges, particularly concerning complications associated with the implantation of these devices. These complications include:

1. Endoleaks

Endoleaks, or the leakage of blood outside the graft, are one of the most common complications associated with stent graft implantation. Incomplete sealing of the graft or failure of the device to conform to the vessel wall can lead to the development of endoleaks, which may require further intervention to address.

1. Device Migration

Device migration refers to the movement of the stent graft after its implantation, which can cause misalignment and affect the device’s functionality. This complication may lead to insufficient coverage of the aneurysm or altered blood flow to vital organs.

1. Infection and Thrombosis

Infection and thrombosis (blood clot formation) are also potential risks following stent graft implantation. These complications can delay recovery and, in some cases, necessitate surgical revision.

1. Technical Limitations in Complex Cases

While branched stent grafts are ideal for treating certain types of aortic pathologies, their use can be technically challenging, particularly in cases with highly tortuous or small-caliber aortic branches. Such limitations can make it difficult to achieve the desired outcomes in patients with complex vascular anatomies.

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Key Takeaways: Branched Stent Graft Market Analysis

• USA Branched Stent Graft Market:
  • The USA is expected to maintain its dominance in the global branched stent grafts market, with a projected market size of USD 320 million by 2032.
  • Concerns about device availability, particularly for addressing complex indications, persist, as several devices approved in other countries are still undergoing trials in the USA, limiting access to systems with broader applications.
• UK Branched Stent Graft Market:
  • The UK market is forecasted to reach USD 37 million by 2032, with a strong growth rate of 11.1% CAGR from 2022 to 2032.
  • The market is expected to generate an absolute dollar opportunity of USD 24 million during this period.
• Japan Branched Stent Graft Market:
  • Japan’s market is projected to hit USD 29.2 million by 2032, growing at a CAGR of 9.4%.
  • An absolute dollar opportunity of USD 17.4 million is expected during the forecast period.
• South Korea Branched Stent Graft Market:
  • South Korea’s market is anticipated to reach USD 14.4 million by 2032, with a CAGR of 10.1% from 2022 to 2032.
  • The market is forecasted to gross an absolute dollar opportunity of USD 8.8 million over the next decade.

Competitive Landscape: Key Players and Market Dynamics

The global branched stent graft market is competitive, with several major players dominating the industry. Some of the key companies operating in this market include Medtronic, Biotronik, Alvimedica, Endocor GmbH, Eucatech AG, Merit Medical Systems, Abbott, Cook Medical, Cardinal Health, Boston Scientific Corp., and Terumo Corp. These companies are actively engaged in the development, manufacturing, and marketing of branched stent grafts, and they continue to invest heavily in research and development to enhance product performance and expand their market presence.

Recent Developments:

1. Medtronic: In March 2021, Medtronic’s Zenith Fenestrated + Endovascular Graft (ZFEN+) received Breakthrough Device Designation from the U.S. FDA, marking a significant milestone in the development of innovative stent graft technologies. This designation will accelerate the approval process, allowing for faster access to the market.
2. Terumo Corporation: In December 2020, Terumo Corporation disclosed the mid-term results of its RELAY PLUS thoracic stent graft system, focusing on real-world outcomes for patients undergoing thoracic endovascular aortic repair (TEVAR) in the U.S. This study underscores the company’s commitment to improving patient outcomes through enhanced device performance.

Market Segmentation: Applications, Types, and Regional Analysis

The global branched stent graft market can be segmented based on application, type, and region.

Application Outlook:

• FEVAR (Fenestrated Endovascular Aneurysm Repair): FEVAR procedures involve the use of stent grafts with fenestrations, or openings, to allow for the preservation of branch arteries during aneurysm repair.
• Chimney Technique: This technique involves the use of additional stents in combination with a main stent graft to maintain blood flow to vital branches of the aorta.
• Other EVARs (Endovascular Aneurysm Repair): Other forms of EVAR involve different stent graft configurations designed to treat a variety of aneurysmal and aortic pathologies.

Type Outlook:

• Iliac Stents: These are used to treat aneurysms in the iliac arteries, which are located in the pelvis.
• Other Types: This category includes a variety of other branched stent graft designs tailored for different aortic segments and pathologies.

Regional Outlook:

• North America: The largest market for branched stent grafts, driven by advanced healthcare infrastructure, high adoption rates of minimally invasive procedures, and a large aging population.
• Europe: A significant market for stent grafts, bolstered by growing healthcare expenditures and an increasing number of cardiovascular diseases.
• Asia Pacific: The fastest-growing region, driven by rising healthcare investments, improving medical technologies, and an expanding patient base.
• Latin America and Middle East & Africa (MEA): Smaller markets but with significant growth potential as healthcare systems improve and demand for advanced medical devices increases.

Conclusion

The global branched stent graft market is set to experience significant growth over the next decade, driven by increasing demand for minimally invasive treatments, technological advancements, and the rising incidence of cardiovascular diseases. Despite the challenges associated with complications during stent graft implantation, ongoing innovations and research efforts by key players are expected to enhance the effectiveness and safety of these devices. As a result, the market for branched stent grafts is poised for continued expansion, benefiting both patients and healthcare providers worldwide.