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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Latin America Aortic Stent Graft Market Size

The global aortic stent graft market was valued at USD 3.1 billion in 2024, 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 2025-2034, with the values likely to attain USD 5.2 billion by 2034.

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.

Latin America Aortic Stent Graft Market Analysis

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 Categories
Product Abdominal Aortic Stent Grafts, Thoracic Aortic Stent Grafts
End User Hospitals, Ambulatory Surgical Centers, Others
Countries 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.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product   
  • End User 
  • Region
Breakup by Product
  • Abdominal Aortic Stent Grafts
  • Thoracic Aortic stent Grafts 
Breakup by End User 
  • Hospitals 
  • Ambulatory Surgical Centers
  • Others
Breakup by Region
  • Brazil
  • Argentina
  • Mexico
  • Others
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The Latin America aortic stent graft market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 5.8% during the forecast period of 2025-2034 and is likely to reach a market value of USD 5.2 billion by 2034. 

The growing demand for minimally invasive surgical techniques to treat vascular diseases is fuelling the demand for the market.

One of the significant trends in the market 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., announced the FDA approval of it lower profile GORE® VIABAHN® VBX Balloon Expandable Endoprosthesis, aimed at treating complex vascular diseases.

Based on the product, the market is segmented into abdominal aortic stent grafts and thoracic aortic stent grafts.

End users of the market are hospitals and ambulatory surgical centers, among others.

The market segmentation by countries includes Brazil, Argentina, and Mexico, among others. 

The key players in the market are 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, and CryoLife Inc.

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