Endovascular Devices Market valued at US$ 5.4 bn in 2021 and is anticipated to grow at a CAGR of 5% By 2026Posted by Tejashri Khade on November 30th, 2022  Endovascular surgery is an advanced procedure that is performed using minimally invasive catheter techniques on the arteries or veins. Procedures include aneurysm repair, cardiovascular disorders, peripheral vascular diseases, renal vascular diseases, deep vein thrombosis (DVT), varicose vein repair, stroke, among others. A wide variety of guidewires, catheters, crossing devices, balloons, stents, atherectomy devices, drug-coated devices, and other devices are used for endovascular treatment. The Global Endovascular Devices Market valued at US$ 5.4 bn (2021) is projected to witness a growth rate of 5% in the next five years. Rising preference for endovascular aneurysm repair (EVAR) procedures, technological advancements in endovascular devices, the increasing geriatric population & corresponding rise in the prevalence of cardiovascular diseases, lifestyle factors (diet, exercise), ease & availability of endovascular procedures, and favorable reimbursements for endovascular procedures are some of the key factors driving the global Endovascular devices market. Cumulative Preference for Endovascular Aneurysm Repair (EVAR) Procedure Opens Growth Opportunities for Endovascular Devices Market An aortic aneurysm is a bulge that occurs in the wall of the aorta that carries blood from the heart to the body. It increases the risk of developing a tear in the inner layer of the wall of the aorta. An aortic aneurysm can be abdominal or thoracic. An abdominal aortic aneurysm (AAA) occurs when a portion of the abdominal aorta bulges into an aneurysm because of a weakening of the vessel wall. AAA may result in life-threatening internal bleeding upon rupture and hence patients diagnosed with AAA are treated with open surgical repair or mostly via less invasive endovascular aneurysm repair (EVAR). During the EVAR procedure, a stent graft is inserted into the aorta which protects the aorta from tearing. The EVAR is widely accepted as a standard of care for aortic aneurysms & supported by vascular surgeons due to the following benefits:
Citing the lucrative prospects of EVAR technology, companies are launching innovative products in new markets. For instance,
“Endovascular aneurysm repair (EVAR) has emerged as a safe, and effective method of treating abdominal aortic aneurysms as it lowers the risk of life-threatening tears & ruptures. Technological advancements in EVAR have not only allowed vascular surgeons to achieve therapeutic aims but also reduced procedural risks and patient discomfort." - Director, Leading Endovascular Device Manufacturer, United States Explore Premium Report on Endovascular Devices Market @ https://meditechinsights.com/endovascular-devices-market/ Technological Advancements Drive the Global Endovascular Devices Market The endovascular devices market is a technology-driven market and is marked by product enhancements/innovations. For instance,
Organic and Inorganic Advance Strategies Adopted by Players to Establish Their Position in Endovascular Devices Market The endovascular devices market is marked by the presence of both established and new players. Players operating in the market adopt both organic and inorganic growth strategies such as acquisitions, and new product launches to garner market share. For instance,
The endovascular devices market is expected to continue to grow in the coming years due to growing cases of peripheral, aortic, & venous diseases, an increase in the smoking population, growth opportunities in the APAC region, technological advancements in endovascular devices, and favorable reimbursement in key markets. Competitive Landscape Analysis of Endovascular Devices Market The global endovascular devices market is marked by the presence of players such as Cordis, Medtronic, Boston Scientific, Cook Medical, Abbott, Gore Medical, Cardiovascular Systems, Inc. (CSI), Terumo, among others. For More Detailed Insights, Contact Us @ https://meditechinsights.com/contact-us/ About Medi-Tech Insights Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services. Contact: Ruta Halde Associate, Medi-Tech Insights +32 498 86 80 79 info@meditechinsights.com Like it? Share it! More by this author |