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MediPoint Aortic Stent Grafts South America Analysis and Market Forecasts
Aortic stent grafts are most commonly used to reinforce a weak spot in an artery, which is known as an aneurysm. The stent grafts are designed to seal tightly with the patients native artery above and below the aneurysm, and are used to treat abdominal aortic aneurysms as well as thoracic aortic aneurysms. Aortic aneurysms, as opposed to aneurysms found elsewhere in the body, are potentially very serious, as a burst aorta results in massive internal bleeding that can be fatal unless treated rapidly by an experienced emergency medical team.
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Since their introduction in patients in 1991, aortic stent graft devices have gained wide acceptance and availability, with their adoption fueled in great part by advances in stent-graft design and by a variety of devices for various anatomic features. Over time, these devices have gained traction for use in patients with ruptured aneurysms because they are minimally invasive and have shorter recovery times.
Brazil accounts for about 5% of the aortic stent grafts market, which is a substantial part of the world market. Moreover, Brazil is extremely dependent on imported products. Finally, the South American market is similar to that of China in that it also has a local marketplace of players that capitalize on the public sector by offering cheaper prices on products. As multinationals offer new products in these markets, the firms that will have an added edge will be the firms with local sales offices since within a year of a product launch, local manufacturing tends to replicate and sell the devices to the public healthcare organizations....