Endovascular Aneurysm Repair Devices Market Overview
Aortic aneurysm refers to the weakening and bulging of the aorta. This bulging leads to a leak that could spill blood within the bod, directing the blood flow away from the tissues and organs. This causes extreme complications, including heart attacks, stroke, kidney damage, and even death. Therefore, endovascular repair takes place by keeping a stent-graft in an aneurysm via a tiny hole in the blood vessels located at the groin area.Some growth-inducing factors in the endovascular aneurysm repair devices market include low-cost hospitalization charges, technological advancements in repair devices, and short reduced recovery times. To illustrate, in 2017, Terumo Corporation had acquired Bolton Medical, Inc., with the latter being a prominent innovator in thoracic and abdominal stent graft systems. With this acquisition, Terumo Corporation strived to expand its growth in the vascular graft field.
Surging adoption of endovascular stent-grafts along with the development of next-generation stent-graft could benefit the market during the review period. Also, soaring awareness within the developing economies about the wide range of aortic aneurysm devices works in favor of the global endovascular aneurysm repair marketMarket Research Future (MRFR) predicts the global Endovascular Aneurysm Repair Devices Market to grow at a CAGR of 4.90% over the forecast period from 2022 to 2030, according to a new report. Endovascular aneurysms occur when the aorta develops a weakened spot; they are defined as a localized enlargement that is more than 50% larger than the normal diameter of the aorta. Endovascular aneurysms mostly occur in elderly men and are caused by persistent cardiovascular diseases and a longstanding smoking habit. The weakening in the aorta can cause a bulge, which can affect the blood pressure and blood distribution patterns in the body. If the aneurysm ruptures, it can result in a catastrophic disruption in the blood pressure, possibly resulting in death. To prevent this situation, the aneurysm is repaired with the endovascular aneurysm repair procedure. The growing prevalence of endovascular aneurysms is likely to drive the global endovascular aneurysm repair devices market over the forecast period.
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Endovascular Aneurysm Repair Devices Market Segmentation
The global endovascular aneurysm repair devices market has been analyzed into site, anatomy, indication, and products.
The market, based on indication, has been segmented into the abdominal aortic aneurysm, thoracic aortic aneurysm, and others.
The market, based on the thoracic aortic aneurysm, has been further segmented into thoracoabdominal aortic aneurysm, descending aortic aneurysm, ascending aortic aneurysm, and thoracic arch aortic aneurysm.
The market, based on the site, has been segmented into infrarenal and pararenal.
The market, based on the pararenal site, has been sub-segmented into juxtarenal and suprarenal.
The market, based on anatomy, has been segmented into traditional and complex.
The market, based on products, has been segmented into percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Endovascular Aneurysm Repair Devices Market Regional Analysis
The global endovascular aneurysm repair devices market has been analyzed into site, anatomy, indication, and products.
The market, based on indication, has been segmented into the abdominal aortic aneurysm, thoracic aortic aneurysm, and others.
The market, based on the thoracic aortic aneurysm, has been further segmented into thoracoabdominal aortic aneurysm, descending aortic aneurysm, ascending aortic aneurysm, and thoracic arch aortic aneurysm.
The market, based on the site, has been segmented into infrarenal and pararenal.
The market, based on the pararenal site, has been sub-segmented into juxtarenal and suprarenal.
The market, based on anatomy, has been segmented into traditional and complex.
The market, based on products, has been segmented into percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Competitive Analysis:
Leading players in the global endovascular aneurysm repair devices market include Cardiatis SA, Cook Medical LLC, Jotec GmbH, Terumo Corporation, BiFlow Medical Ltd., Braile Biomedica, Endospan Ltd., Lemaitre Vascular Inc., Getinge AB, Endoluminal Sciences Pty Ltd., Boston Scientific Corporation, W. L. Gore Associates Inc., Medtronic plc, Endologix Inc., and Cardinal Health.
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