Global Endovascular Devices Market valued at $5.4 billion in 2021, is poised to witness a CAGR of 5% by 2026 - Providing Relief to Patients Suffering from Vascular Diseases

Endovascular surgery is a medical procedure which is performed using minimally invasive catheter techniques on the arteries or veins. This procedures include aneurysm repair, cardiovascular disorders, peripheral vascular diseases, renal vascular diseases, deep vein thrombosis (DVT), varicose vein repair, stroke etc. A huge variety of guidewires, catheters, crossing devices, balloons, stents, atherectomy devices, drug-coated devices, and other medical devices are used for endovascular treatment.

Increasing Preference for Endovascular Aneurysm Repair Procedure Opens Up New Growth Opportunities in Endovascular Devices Market

An aortic aneurysm is a bulge which 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:
• Shorter stay in the hospital.
• Relatively less blood loss.
• Faster return to routine activities.
• Shorter procedure time as compared to open surgery, among others.

"Endovascular aneurysm repair (EVAR) has emerged as a safe and an 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 reduced the procedural risks and patient discomfort." -Director, Leading Endovascular Device Manufacturer, United States

Technological Advancements are driving the Endovascular Devices Market

The global endovascular devices market is a technology-driven market and is marked by consistent product enhancements and advancements. For instance,
• In June 2022, Medtronic India launched a fourth-generation flow diverter, Pipeline Vantage with Shield Technology for endovascular treatment of brain aneurysms.

Growth Strategies Adopted by Key Market Players to Establish Their Foothold in Endovascular Devices Market

The endovascular devices market is marked by the presence of both established and new players. All major players operating in the global market have adopted both organic and inorganic growth strategies such as acquisitions, collaborations and new product launches to garner a higher 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.

Competitive Landscape Analysis: Endovascular Devices Market

The global endovascular devices market is marked by the presence of established and new market players such as Cordis, Medtronic, Boston Scientific, Cook Medical, Abbott, Gore Medical, Cardiovascular Systems, Inc. (CSI), Terumo, among others.

The global endovascular devices market is anticipated to continue its growth in the upcoming years due to the rising cases of peripheral, aortic, & venous diseases, a rise in the population, growth opportunities in APAC region, technological advancements in endovascular devices and favourable reimbursement in key markets.

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Ruta Halde
Associate, Medi-Tech Insights
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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 successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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