Title: Endovascular Devices Market valued at US$ 5.4 bn in 2021 and is anticipated to grow at a CAGR of 5% By 2026
1Endovascular Devices Market Top Companies
Analysis To Grow Your Business till 2026
2Endovascular 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 favourable 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.
3- The EVAR is widely accepted as a standard of care
for aortic aneurysms supported by vascular
surgeons due to the following benefits - Shorter stay in the hospital.
- Relatively less blood loss
- Faster return to routine activities
- Shorter procedure time as compared to open
surgery, among others - Citing the lucrative prospects of EVAR
technology, companies are launching innovative
products in new markets. - For instance,
- In May 2021, Endologix launched Alto Abdominal
Stent Graft System in Canada and Argentina. The
launch boots the companys global reach with the
latest endovascular aneurysm repair (EVAR)
technology - 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 _at_ https//meditechinsights.com/endovascular
-devices-market/
4- 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,
- In June 2022, Medtronic India launched a
fourth-generation flow diverter, Pipeline Vantage
with Shield Technology for endovascular treatment
of brain aneurysms - 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,
- In March 2022, Cook Medical received FDA
Breakthrough Device Designation for Zenith
Thoraco Endovascular System. The Thoraco is
built on the strength of the proven Zenith
platform and represents a next-generation
endovascular graft for the treatment of
thoracoabdominal aortic aneurysms. The system is
indicated for the endovascular treatment of
patients with thoracoabdominal aortic aneurysm
5The 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 _at_ https//meditechinsights.co
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Medical Technology, Medical Devices Pharma
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