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Endovascular Treatment Devices Market Exclusive Report with Detailed Study Analysis
The global Endovascular Treatment Devices market is estimated to reach over USD 8398.23 Million by 2034, exhibiting a CAGR of 9.4% during the forecast period.
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Endovascular surgery is an advanced minimally invasive medical procedure used to treat conditions affecting blood vessels, including aneurysms and abnormal arterial dilations commonly referred to as "ballooning." The procedure typically begins with a small incision to access the vascular system, after which flexible devices such as catheters, stents, or specialized tubing are inserted into the affected blood vessel.
The global market for endovascular treatment devices is expected to witness significant growth during the forecast period. Key factors driving this expansion include the aging global population, the rising prevalence of cardiovascular diseases, continuous advancements in endovascular technologies, and increased research and development investments by industry participants. However, market growth is constrained by several challenges, including the high cost of endovascular procedures, limited awareness in developing economies, and a shortage of skilled medical professionals capable of performing these complex interventions.
List of Prominent Players in the Endovascular Treatment Devices Market:
Cardinal Health
Endospan
Geting AB
Bosten Scientific Corporation
Inspire MD
Japan Lifeline Co., Ltd.
Medtronic
Lombord Medical
Penumbra, Inc.
Terumo Corporation
Market Dynamics:
Drivers-
Market growth in the coming years is expected to be supported by the high prevalence of abdominal aortic aneurysms (AAA), a condition that disproportionately affects men, along with the increasing demand for minimally invasive treatment approaches such as endovascular surgery. Screening studies indicate that the prevalence of AAA ranges between 4% and 8%, primarily among male populations.
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Challenges:
Key challenges in the global endovascular treatment devices market include the high costs associated with advanced endovascular therapy technologies, limited awareness in economically underdeveloped regions, and stringent medical device taxation and regulatory policies in the United States. These factors may restrict broader market adoption and slow overall growth.
Regional Trends:
North America is expected to account for a significant share of revenue in the endovascular treatment devices market and is projected to register strong growth at a high compound annual growth rate (CAGR) in the near term. Market expansion in the region is driven by an increasing number of surgical procedures and growing clinician preference for advanced endovascular solutions, prompting major manufacturers to focus on the development of innovative medical devices. Additionally, rising obesity rates, dietary-related health issues, and continuous product innovation by leading companies are expected to further support market growth in North America.
The Asia Pacific region also holds a substantial share of the global endovascular treatment devices market. Ongoing advancements in medical technology, increased healthcare investment, and expanding research and development activities by key industry participants across the region are contributing to sustained market growth.
Recent Developments:
In November 2021, Endospan released 30-day and 1-year safety and performance results for its off-the-shelf endovascular Nexus graft devices, designed to treat thoracic aortic lesions involving the aortic arch.
In September 2021, Boston Scientific Corporation agreed to buy Devoro Medical, the developer of the WOLF Thrombectomy Platform, to expand its interventional techniques for thromboembolism, including the EkoSonic Endovascular System.
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Segmentation of Endovascular Treatment Devices Market-
By Product-
• Percutaneous Endovascular Aneurysm Repair (EVAR)
• Fenestrated EVAR
• Aortic Stents Biodegradable Stents
• Self-Expanding Nitinol Stents
• ThoracicAortic Aneurysm Grafts
• Other Devices
By Procedure-
• Ballon Angioplasty
• Angioplasty With Stent Replacement
• Drug-Eluting Stents Renal Artery Angioplasty and Stenting Carotid Artery
• Thrombosis
• Renal Artery Angioplasty and Stenting
• Transfemoral Carotid Artery Revascularization
• Intravascular Brachytherapy
• Carotid Artery Stenting
By Application-
• Pulmonary
• Vascular
• Cardiology Surgery
• Neurology
• Radiology
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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