#Endovascular Stent Graft Industry Analysis 2023
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Vascular Guidewires Market Analysis, Share, Growth rate and Market Forecasts to 2030
The Global Vascular Guidewires Market was valued at US$ 981 Mn in 2022, estimated to reach US$ 1,791 Mn by 2030, with a CAGR of 7.69% from 2023-2030. A guidewire is a flexible wire that, in some circumstances, may also be a spring. It aids surgeons in the introduction and accurate positioning of a medical device, notably a prosthesis, within a patient's body. During an interventional procedure, the use of guidewires is crucial since they help a doctor and direct a medical instrument through the patient's anatomy.
A guidewire completes the role of a guide towards the insertion of larger devices, such as a catheter, into the patient's body. The material majorly used in making guidewire is core steel with a covering applied over the core steel. The coating may be of hydrophilic or hydrophobic polymer. The vascular guidewires are used for the numerous surgical procedures such as angioplasty stents, angioplasty balloons, endovascular aneurysm repair stent grafts, hemodynamic flow alteration devices, and others.
Market Segmentation The scope of the Global Vascular Guidewires Market covers segmentation based on Application, Coating Type, End User, and Region. Based on Application, the market is segmented into Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, and Neurovascular Guidewires. Based on Coating Type, the market is divided into Coated and Non-Coated. Based on End Users, the market is classified into Hospitals and Ambulatory Surgical Centers. Request A Free Sample@
Regional Analysis The Global Vascular Guidewires Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key Players Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company (C.R. Bard), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc., Cook Medical Inc., Olympus Corporation, and Terumo Corporation.
Key Questions Addressed by the Report • What are the Key Opportunities in Global Bonsai Market? • What will be the growth rate from 2023 to 2030? • Which segment/region will have the highest growth? • What are the factors that will impact/drive the Market? • What is the competitive Landscape in the Industry?
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Interventional Cardiology & Peripheral Vascular Devices Market To Register Substantial Expansion By 2023
A research study titled, “Interventional Cardiology & Peripheral Vascular Devices Market by product (angioplasty stents, angioplasty balloon catheter, guidewires, vascular closure devices, peripheral embolic protection devices, atherectomy devices, endovascular stent grafts, vascular grafts, thrombectomy devices, inferior vena cava filter, other products) - global industry analysis and forecast to 2023” published by crystal market research. Competitive Outlook- The leading players in the market are B. Braun Melsungen AG, Cardinal Health, Inc., Medtronic plc, Terumo Corporation, ABIOMED, Inc. and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Get sample copy of this report: www.crystalmarketresearch.com/report-sample/HC071100 Industry Outlook- The Interventional Cardiology & Peripheral Vascular Devices Market was worth USD 12.18 billion in 2014 and is expected to reach approximately USD 27.82 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.61% during the forecast period. Cardiovascular diseases is one of the essential driver of the worldwide mortality was in charge of 17.7 million passing’s around the world, as announced by the World Health Organization (WHO). This worldwide rate of death raised the significance of taking preventive wellbeing measures and cantering into advancement of enhanced treatment devices keeping in mind the end goal to accomplish powerful clinical results. Interventional method deployment in cardiology and fringe vascular ailment treatment is generally liked to stay away from entanglements and scar, diminishing torment and quicker recuperation. Market Segmentation- Interventional Cardiology & Peripheral Vascular Devices Market By Product Angioplasty Stents Angioplasty Balloon Catheter Guidewires Vascular Closure Devices Peripheral Embolic Protection Devices Atherectomy Devices Endovascular Stent Grafts Vascular Grafts Thrombectomy Devices Inferior Vena Cava Filter Interventional Cardiology & Peripheral Vascular Devices Market - By Region: Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) North America (U.S, Canada, Mexico) Europe (Germany, France, UK, Italy, Spain, Rest of Europe) Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others) Drivers & Restrains Continuous mechanical developments in the field of interventional cardiology and fringe vascular gadgets are relied upon to drive the worldwide market. Researchers have concentrated on growing new frameworks with enhanced traits, for example, new age of medication eluting inflatables, and bio absorbable stents. Likewise, a few organizations have put resources into their research and development exercises to create imaginative products. Awareness among patients about coronary heart sicknesses and fringe vascular scatters assumes an imperative part in market development. Regional Outlook - Over the previous decade, legislatures of different nations, particularly rising economies, have expanded their consumption on building up their human services framework. In this manner, increment in broad daylight and private use to build up the wellbeing framework in these locales will additionally support the selection of interventional cardiology and peripheral vascular devices in creating nations. Research Methodology We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments. To Avail Discount, Please click On the Link @ www.crystalmarketresearch.com/check-discount/HC071100 About Crystal Market Research: Crystal Offers One Stop Solution For Market Research, Business Intelligence, And Consulting Services To Help Clients Make More Informed Decisions. It Provides Both Syndicated As Well As Customized Research Studies For Its Customers Spread Across The Globe. The Company Offers Market Intelligence Reports Across A Broad Range Of Industries Including Healthcare, Chemicals & Materials, Technology, Automotive, And Energy. Contact Us: Judy S, 304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: [email protected]
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Endovascular Aneurysm Repair Devices Market Industry Growth, Landscape and Demand by Forecast to 2027
Market Scenario
Global endovascular aneurysm repair devices market is likely to grow significantly over the forecast period. It is estimated that the global endovascular aneurysm repair devices market is expected to record a CAGR ~ 6.4 % during the forecast period of 2018 to 2023. The weakening and bulging of the aorta is called aortic aneurysm. The bulging can cause a leak that spills blood into the body. It can direct the blood flow away from the organs and tissues, causing severe complications, such as kidney damage, heart attacks, stroke, and even death. Thus, endovascular repair can be done by placing a stent-graft in an aneurysm through a small hole in the blood vessels in the groin area.
also read @ https://heraldkeeper.com/market/endovascular-aneurysm-repair-devices-market-2021-revenue-latest-trends-shares-comprehensive-analysis-and-forecasts-till-2023-638551.html
Market Segmentation
The worldwide market for Endovascular Aneurysm Repair Devices Market has been segmented on the basis of indication, site, anatomy, and products.
The market, depending on the indication, has been considered for abdominal aortic aneurysm, thoracic aortic aneurysm, and others. The types of thoracic aortic aneurysm are ascending aortic aneurysm, descending aortic aneurysm, thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
The market, site-wise, has been considered for infrarenal and pararenal. The market, with respect to the pararenal site, caters to juxtarenal and suprarenal.
The market, anatomy-wise, covers traditional and complex.
The market, with regard to the products, mentions percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Regional Analysis
The market in the Americas is expected to dominate the global endovascular aneurysm repair devices market during the forecast period owing to the increasing geriatric population, and well-developed healthcare sector. The European market is expected to be the second-largest due to government funding and support of the healthcare sector coupled with the rising prevalence of aneurysms. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the assessment period owing to growing disposable income. The market in the Middle East & Africa is likely to account for the smallest share of the global endovascular aneurysm repair devices market.
Renowned Companies
Endospan Ltd., BiFlow Medical Ltd, Endologix, INC., Jotec GmbH, Medtronic plc, Terumo Corporation, W. L. Gore & Associates, Inc., Cardiatis SA, Boston Scientific Corporation, Cook Medical LLC, Endoluminal Sciences Pty Ltd, Cardinal Health, Braile Biomédica, Lemaitre Vascular Inc., Getinge AB, are the top players in the worldwide endovascular aneurysm repair devices market.
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Aortic Aneurysm Market 2020 To 2025 Booming Trends, Share, Growth Challenges, Key Players And Competitors Analysis
Market Research Future has declared the expansion of the "Worldwide Aortic Aneurysm Market Research Report which gives Market Size, Shares and Forecasts till 2023.
Aortic Aneurysm Market Overview:
The global aortic aneurysm market is showing a growth opportunity with 8,4% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) revealed possibilities like a hike in the geriatric population, increasing reimbursement schemes, a rise in tobacco consumption, and others as major growth inducing factors. It would also benefit from the advancement in tools and technologies that would help the market in better formation. New regulations are also going to widen the opportunity of market expansion. With emerging nations showing a hike in investment for the healthcare sector, this industry would grow even further.
Read more news on: https://www.medgadget.com/2019/07/aortic-aneurysm-market-to-show-a-sparkling-growth-at-a-cagr-of-8-4-by-2023-by-medtronic-microport-scientific-corporation-endologix-cardinal-health-etc.html
Aortic Aneurysm Market Segmentation:
The global report on the aortic aneurysm market revealed the proper segmentation of product, treatment, type, and end user. This segmentation allows a better look into various particulars that are impacting the market directly or indirectly. Also, it discusses possibilities in terms of values and volumes, which would help in devising better strategic moves later.
By type, the market report includes abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA). The former segment would dominate the global market due to the increasing instances of such disease and the availability of better treatment options.
By product, the study on the aortic aneurysm market can be segmented into catheters, stent-grafts, and others. The catheters section is getting traction due to the rise in geriatric cases.
By treatment, the report includes segments like endovascular aneurysm repair (EVAR) and open surgical repair (OSR) for a better understanding of the market.
By end user, the report with details on the aortic aneurysm market can be segmented into ambulatory surgery centers (ASCs), hospitals & clinics, and others. The hospitals & clinics segment would make proper use of the available funding to build better infrastructure and that would help in enhancing the treatment experience.
Aortic Aneurysm Market Regional Analysis:
North America would get thrust from the structural superiority they enjoy and a constant flow of investment. The regional market is expecting a better performance from countries like the US and Canada. These two regions spend a lot of amount on their healthcare sector, which would definitely boost the market. In Europe, the research and development sector would be boosted by investments. In Asia Pacific, transforming the healthcare sector in various emerging nations would provide thrust to the market. In addition, major players would try to take advantage of the region by exploring possibilities here.
Aortic Aneurysm Market Competitive Landscape:
The global market for an aortic aneurysm is expected to make strong moves in the coming years. This would be triggered by better implementation of various strategic mechanisms in the coming years. These companies are Terumo Medical Corporation, Medtronic plc, Cook Medical, MAQUET Holding B.V. & Co. KG, Microport Scientific Corporation, Lombard Medical Limited, JOTEC AG (CryoLife, Inc.), Endologix, Inc., W. L. Gore & Associates, and Cardinal Health, Inc. These companies would use various mergers, acquisitions, innovations, product launches, and others as major market influencers. MRFR had noted these moves to understand the market flow, as this could help in developing better strategic moves.
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Aortic Aneurysm Industry News:
In April 2020, the UK National Institute for Health and Care Excellence (NICE) announced the publication of new guidelines on abdominal aortic aneurysm (AAA) that would help in better diagnosis and management. The recommendation indicates that physicians have listened to doctors and realized that EVAR sometimes becomes the online option left for certain patients. The new guidelines have made it clear that the onus is on doctors to discuss all the effects of the treatment with concerned patients, including open surgical repair, conservative management, and EVAR.
#Aortic Aneurysm Market#Aortic Aneurysm Market Size#Aortic Aneurysm Market Share#Aortic Aneurysm Market Growth#Aortic Aneurysm Market Trends#Aortic Aneurysm Market Analysis
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Endovascular Aneurysm Repair Devices Market 2020 Historical Analysis, Recent Trends, Size, Industry Segments and Growth by Forecast to 2023
Endovascular Aneurysm Repair Devices Market Report, Forecast Period 2019-2023. The Global Endovascular Aneurysm Repair Devices Market is based on Industry Size, Share, Trend and Growth. The report is published by MRFR.
Endovascular Aneurysm Repair Devices Market Overview
The global endovascular aneurysm repair devices market could record a CAGR of 6.4% during the forecast period (2018-2023), reveals Market Research Future (MRFR).
Endovascular Aneurysm Repair Devices Market Growth Drivers and Top Barriers
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.
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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 market.
Endovascular Aneurysm Repair Devices Market Segmentation
The worldwide market for endovascular aneurysm repair devices has been segmented on the basis of indication, site, anatomy, and products.
The market, depending on the indication, has been considered for abdominal aortic aneurysm, thoracic aortic aneurysm, and others. The types of thoracic aortic aneurysm are ascending aortic aneurysm, descending aortic aneurysm, thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
The market, site-wise, has been considered for infrarenal and pararenal. The market, with respect to the pararenal site, caters to juxtarenal and suprarenal.
The market, anatomy-wise, covers traditional and complex.
The market, with regard to the products, mentions percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Endovascular Aneurysm Repair Devices Market Regional Analysis
The endovascular aneurysm repair devices market is spread across the primary regions of Europe, Asia Pacific, Middle East, and Africa, and the Americas.
The supreme growth of the endovascular aneurysm repair devices market has been noted in the Americas. The prime reason behind the superlative growth can be the expanding geriatric population along with the highly -developed healthcare sector. The Centers for Disease Control and Prevention (CDC) gauges abdominal aortic aneurysm to be among the leading 15 causes of mortality within the United States (U.S.).
Europe is projected to hold the second position in the worldwide endovascular aneurysm repair devices market. The regional market gets ample support from the rising prevalence of aneurysms, favorable reimbursement scenario, and availability of funds for research. Apart from this, esteemed players in the region are nursing next-generation EVAR products, aiming to expand and evolve. This helps generate momentum to trigger market growth.
Asia Pacific could expand at the fastest pace owing to the presence of a massive patient population combined with the continuously developing nations. Consistently improving healthcare infrastructure and rising number of surgeons could lead the regional market to greater heights in the years ahead.
Lastly, Middle East & Africa has been identified as the smallest market for endovascular aneurysm repair devices. Most of the market is concentrated in Middle East as a result of the increasing government initiatives for the healthcare industry.
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Endovascular Aneurysm Repair Devices Market Key Companies
Endospan Ltd., BiFlow Medical Ltd, Endologix, INC., Jotec GmbH, Medtronic plc, Terumo Corporation, W. L. Gore & Associates, Inc., Cardiatis SA, Boston Scientific Corporation, Cook Medical LLC, Endoluminal Sciences Pty Ltd, Cardinal Health, Braile Biomédica, Lemaitre Vascular Inc., Getinge AB, are the top players in the worldwide endovascular aneurysm repair devices market.
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Vascular Graft Market Application, Type, Industries and Region Analysis to 2023
14 Aug 2019 - The Global Vascular Graft Market is subject to witness a substantial growth due to the increasing occurrence of cardiac disorders, diabetes, end-stage renal disorders, and coronary artery disease (CAD). Increasing prevalence of hypertension and cardiac aneurysms are predicted to boost market demand for vascular graft as well.
Other factors such as genetic and hereditary disorders, changing lifestyle, increasing alcohol consumption, varying food preferences are anticipated foster market growth in the near future. However, decline in reimbursement rate and increasing cost of medical treatment are restraining the market growth. Globally, the vascular graft market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the vascular graft market.
View Full Report with TOC @ https://www.millioninsights.com/industry-reports/vascular-graft-market
Growing prevalence of Ischemic Heart Disease (IHD) condition, which is considered as one of the leading cause of the cardiac arrest across the world, is expected fuel market demand for vascular graft over the forecast period. As per the British heart foundation, as many as two million patient suffering from heart condition is accounted in the U.K only. While, more than seventy thousand deaths have been reported each year.
Additionally, increasing occurrence of end-stage renal disease is considered as one of the major driver for market growth in the recent years. The recent technological advancement in the healthcare sector and development of the novel products such as prosthetic grafts with highly advanced porosity and efficiency along with rising approval rate for regular use are driving market growth in last few years.
Furthermore, factors such as rising cases of surgical failures during treatment of cardiovascular disorders, failure of organ transplantation surgeries, and undesirable results during surgical reconstruction procedures are anticipated to encourage use of minimally invasive vascular implants, thereby amplifying market value of vascular implants, in the recent years. In addition, growing preference for minimally invasive implants by healthcare professionals, doctors and surgeons are estimated to augment the growth of vascular graft markets over the forecast period.
The vascular graft market is broadly categorized into four major types based on product such as coronary artery bypass graft, peripheral grafts, hemodialysis access, and endovascular stent grafts. The endovascular grafts is considered as one of the fastest growing segment in the vascular graft market with substantial revenue generation in the last couple of years. Growing popularity of the endovascular grafts is attributed to rising amount of abdominal aortic aneurysm processes alongside minimum potential of access site complications.
Additionally, minimum mortality rate due to increasing adoption of highly advanced treatment procedures and use of novel product development like Nellix and Fortevo are predicted to escalate overall market performance of vascular grafts in the upcoming years.
Coronary artery bypass graft market segment has also witnessed significant growth in the recent years owing to wide range of medical applications and latest developments in regards to the introduction of intra-operative techniques. Other factors responsible for increasing demand for coronary artery bypass graft include high prevalence rates of renal failure and hardening of arteries.
The vascular graft market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the pharmaceutical & medicine sector, rising prevalence rate of diabetes, cardiovascular disorders & kidney disorders, favorable reimbursement policies, and existence of well-established healthcare infrastructure.
Asia-Pacific region is predicted to hold major market share in the vascular graft industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising prevalence of cardiovascular disease & diabetes, increasing healthcare infrastructure activities, recent epidemiological transition, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the vascular graft market are Medtronic plc, LeMagitre Vascular Incorporations, Cook Medical Inc., Bard Peripheral Vascular Incorporations, Terumo Cardiovascular Group Co., W.L. Gore & Associates Inc., Getinge Group AB, Shanghai Suokang Medical Implants Ltd., and Junken Medical Limited.
Market Segment:
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Vendors
• request free sample to get a complete list of companies
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#Vascular Graft Market Report#Vascular Graft Market Trend#Vascular Graft Market Demand#Vascular Graft Market Share
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Vascular Graft Market Outlook till 2023: Key Vendors Analysis and Revenue Forecast
10th June 2019 – The Global Vascular Graft Market is subject to witness a substantial growth due to the increasing occurrence of cardiac disorders, diabetes, end-stage renal disorders, and coronary artery disease (CAD). Increasing prevalence of hypertension and cardiac aneurysms are predicted to boost market demand for vascular graft as well.
Other factors such as genetic and hereditary disorders, changing lifestyle, increasing alcohol consumption, varying food preferences are anticipated foster market growth in the near future. However, decline in reimbursement rate and increasing cost of medical treatment are restraining the market growth. Globally, the vascular graft market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the vascular graft market.
Growing prevalence of Ischemic Heart Disease (IHD) condition, which is considered as one of the leading cause of the cardiac arrest across the world, is expected fuel market demand for vascular graft over the forecast period. As per the British heart foundation, as many as two million patient suffering from heart condition is accounted in the U.K only. While, more than seventy thousand deaths have been reported each year.
Access Vascular Graft Market Report with TOC
Additionally, increasing occurrence of end-stage renal disease is considered as one of the major driver for market growth in the recent years. The recent technological advancement in the healthcare sector and development of the novel products such as prosthetic grafts with highly advanced porosity and efficiency along with rising approval rate for regular use are driving market growth in last few years.
Furthermore, factors such as rising cases of surgical failures during treatment of cardiovascular disorders, failure of organ transplantation surgeries, and undesirable results during surgical reconstruction procedures are anticipated to encourage use of minimally invasive vascular implants, thereby amplifying market value of vascular implants, in the recent years. In addition, growing preference for minimally invasive implants by healthcare professionals, doctors and surgeons are estimated to augment the growth of vascular graft markets over the forecast period.
The vascular graft market is broadly categorized into four major types based on product such as coronary artery bypass graft, peripheral grafts, hemodialysis access, and endovascular stent grafts. The endovascular grafts is considered as one of the fastest growing segment in the vascular graft market with substantial revenue generation in the last couple of years. Growing popularity of the endovascular grafts is attributed to rising amount of abdominal aortic aneurysm processes alongside minimum potential of access site complications.
Additionally, minimum mortality rate due to increasing adoption of highly advanced treatment procedures and use of novel product development like Nellix and Fortevo are predicted to escalate overall market performance of vascular grafts in the upcoming years.
Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global vascular graft market?
• What are the challenges to market growth?
• What are the market opportunities and threats faced by the key players?
The key players in the vascular graft market are Medtronic plc, LeMagitre Vascular Incorporations, Cook Medical Inc., Bard Peripheral Vascular Incorporations, Terumo Cardiovascular Group Co., W.L. Gore & Associates Inc., Getinge Group AB, Shanghai Suokang Medical Implants Ltd., and Junken Medical Limited.
Request a Sample Copy of Vascular Graft Market Report
The vascular graft market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the pharmaceutical & medicine sector, rising prevalence rate of diabetes, cardiovascular disorders & kidney disorders, favorable reimbursement policies, and existence of well-established healthcare infrastructure.
Asia-Pacific region is predicted to hold major market share in the vascular graft industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising prevalence of cardiovascular disease & diabetes, increasing healthcare infrastructure activities, recent epidemiological transition, and significant investment by leading industry players considering potential growth opportunities in the region.
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Vascular Stent Market Revenue Drivers, Business Opportunities, and Growth Analysis 2018 – 2023
The global vascular stent market has been estimated to display a significant growth in terms of revenue generation during the forecast period. “The use of low-profile vascular stents has failed to deploy optimal balance between flexibility and radial force required to prevent stent fracture or inflammation. Furthermore, medical providers have called for treatment improvements like eliminating the need for dual anti-platelet surgeries using drug-eluting stents.”
The growing incidences of cardiovascular diseases and the rising number of geriatric population has propelled the growth of the market. Based on type, the vascular stent market has been segmented into Drug-eluting stents, Bio absorbable stent, and Bare-metal stents. The market has demonstrated the development of a wide array of products, along with its segments and sub-segments, which include Coronary Stents, Peripheral stents (Femoral artery stents, Carotid artery stents, Renal artery stents, Other peripheral stents), Evar stent grafts (Thoracic aortic aneurysm stents and Abdominal aortic aneurysm stents). Self-expanding stents and Balloon-expandable stents are the key modes of stent delivery systems being adopted by healthcare providers.
Material classification for vascular stent market comprises Metallic Stents, Nickel-titanium, Stainless steel, Cobalt chromium, Platinum chromium, and other material. The market split is based on Ambulatory surgical centers and Hospitals and cardiac centers.
The comprehensive overview of the vascular stent market has identified North America, Latin America, the Middle East & Africa, Europe and the Asia Pacific as the key regions. North America holds the largest market share attributed to the presence of elite healthcare companies and ambulatory cardiac surgical centers. The market players have realized the untapped potential of economies such as India, Indonesia, China, and Malaysia to offer inexpensive therapeutic options. The high concentration of aged population in India and China have contributed to the concentration of large patient pools in this region and therefore, Asia Pacific is projected to be the fastest growing region by the year 2023. Japan and Europe are a passage for expansion and a source of supplementary revenue for vascular stent manufacturers to surge their global presence.
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The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the acclaimed contenders operating in this market includes Cook Medical, InnoCore Technologies BV, Goodman Co. Ltd., Abbott Laboratories, Biosensors International Ltd., Cordis Corporation, MIV Therapeutics Inc., Boston Scientific Corporation, Reva Medical Inc., MicroPort Scientific Corp., Allvivo Vascular Inc., Translumina GmbH, Stentys SA, Medtronic, Inc., X-Cell Medical Inc., SurModics Inc., Xtent Inc. and others.
The altering market dynamics can be attributed to major collaborations, merger and acquisition activities, and joint ventures amongst the industry competitors. The emerging companies have identified buyers, raw material suppliers, distributors and research investors of the vascular stent market. Healthcare IT vendors, healthcare payers, academic research institutes, market research and consulting firms, healthcare IT service providers, government institutes, and venture capitalists and investors etc. have been identified as the primary target audience of vascular stent market.
Innovative stent technologies are entering the global market space to overrule the drawbacks of existing products. They are keen on exhaustive quality assessment to ensure safety and success of industry’s supply chain and their delivery infrastructure during the upcoming years.
Bioabsorbable stents are a major innovation in the healthcare industry due to its unique property of disappearing over a period of time and temporary scaffolding to the operated organ, thus, leaving behind a healed artery. Modern endovascular interventions have led to a paradigm shift in treating Peripheral artery disease (PAD) using minimally invasive techniques, such as stenting.
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Tourniquet Market Estimated to Record Highest CAGR by 2023
The global tourniquet market is known to be extremely dynamic and highly competitive, marked by the emergence of several players globally. The major players leading in the market include Zimmer Biomet Holdings, Inc., Stryker Corporation, and ulrich GmbH & Co. The former two players are based in North America region. Some of the key palyers operating in the market are Delfi Medical Innovation, Inc., Pyng Medical Corporation, VBM Medizintechnik GmbH, and Hammarplast Medical AB.
Tourniquet Market –
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Various companies in the global market are working upon developing immensely functional tourniquet cuffs and systems. They are also emphasizing on improving their product portfolio to get an edge over their peers. The advent of reliable and safe systems, embedded with automatic control, is prognosticated to strengthen the competition in the global tourniquet market in the forthcoming years. Moreover, the emergence of disposable tourniquet cuffs is shaping the vendor’s landscape as well.
According to Transparency Market, the global tourniquet market is foreseen o expand at a CAGR of 9.3% within the forecast period from 2015 to 2023. In 2014, the market was worth of US$184.6 million and is likely to soar around US$408.6 million by the end of 2023.
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Based on product type, the global tourniquet market is segmented as tourniquet cuffs and tourniquet system. Among these two, the segment of tourniquet cuffs, the sub-segment of reusable tourniquet cuff is likely to lead the market due to high popularity. This is attributed to its durability, reusability, and affordability. Geography-wise, in 2014, North America region dominated the global tourniquet market with maximum share of 53.5%. The lead of the region is credited to the significant rise in the healthcare infrastructure to treat traumatic orthopedic wounds.
Rising Need for Blood Occlusion to Fuel Global Demand in Market
The increasing cases of serious limb injuries, combined with the squeezing requirement for a proficient blood occlusion methods, is a major factor pushing the demand for tourniquet cuffs and frameworks. The expanding rate of road accidents and industrial mishaps that causes huge blood loss has accelerated the requirement for these gadgets for a quick flow of blood. The rising death rates of street mishaps in different areas, particularly in developing countries, has reinforced the take-up of tourniquets in emergency units and medical clinics. These frameworks are picking up pace as the initial source of treatment for various urgent orthopedic wounds occurring due to road accidents.
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The surging number of possibly serious hemorrhage is foreseen to stimulate the demand regarding tourniquets for alleviating the exsanguination risk. Also, rapid advancement in technology made in traumatic centers, especially in rising economies, for example in China, India, and Philippines, is a key factor foreseen to highlight the tourniquet market in the forthcoming years.
Usage of Reusable Tourniquet to Hinder Market Growth
The rising instance of diseases related with the utilization of reusable tourniquets has hampered the market to a certain degree. Moreover, the absence of familiarity with the utilization of cuffs and tourniquets is another key factor expected to upset the market. In any case, the increasing healthcare expenditure in several developing and developed countries on providing their trauma centers with latest blood occlusion methods is a major factor estimated to open up major development roads along the coming years. Moreover, the approach of advanced frameworks that can give blood occlusion in different severe climate conditions is estimated to provide lucrative opportunities for market players.
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Aortic Aneurysm Market by 2023 – Concerns over the Rising Healthcare Costs Propel Industry to a high CAGR!
The global aortic aneurysm market held a market value of USD 2,357.6 million in 2017 and is projected to grow at a CAGR of 8.4% over the forecast period. An aortic aneurysm is an abnormal enlargement or bulging of the wall of the aorta. Aortic aneurysm has two types such as an abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA). An abdominal aortic aneurysm is an aneurysm in the part of the aorta that passes through the abdomen while thoracic aortic aneurysm is an aortic aneurysm that presents mainly in the thorax.
Some of the market growth factors include rising prevalence of tobacco smoking in the developed and developing countries, worldwide growing elderly population coupled with the increasing burden of cardiovascular diseases, favorable reimbursement scenarios for surgical treatment of aortic aneurysms, and mounting technological advancements in products. In contrast, the presence of low reimbursement rates in the developing countries and higher cost of aortic aneurysm treatment and devices are anticipated to hinder the market growth during the next five years.
Segmentation
The global aortic aneurysm market has been segmented into type, product, treatment, end user, and region.
By type, the market has been segmented into abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA).
On the basis of product, the market has been divided into stent-grafts, catheters, and others.
By treatment, the market has been classified into endovascular aneurysm repair (EVAR) and open surgical repair (OSR).
Based on end user, the market has been categorized into hospitals and clinics, ambulatory surgery centers (ASCs), and others.
Key Players
Some of the spearheading players in the global aortic aneurysm market are
Medtronic plc
Cook Medical
Terumo Medical Corporation
Microport Scientific Corporation
MAQUET Holding B.V. & Co. KG
Endologix Inc.
L. Gore & Associates
Lombard Medical Limited
JO0TEC AG (CryoLife Inc.)
and Cardinal Health Inc.
Regional Analysis
The global aortic aneurysm market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Based on region, the Americas would continue its supremacy over the forecast period attributed to the presence of sophisticated medical and healthcare infrastructure and major market participants, higher spending on the healthcare, and frequent launches of novel devices in the US and Canada. For instance, in 2015, Cook Group Incorporated launched its Zenith Alpha abdominal endovascular graft in Canada.
Europe would be the second-largest value contributor in the aortic aneurysm market due to the highest prevalence of tobacco smoking and the presence of favorable initiatives by several organizations to reduce the burden of aortic aneurysm. For instance, the World Health Organization (WHO) stated that presently, Europe has the highest prevalence of tobacco smoking among adults (28%) and some of the highest prevalence of tobacco use by adolescents.
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Asia-Pacific is likely to witness the fastest market growth during the forecast period due to growth in increasing geriatric population and prevalence of cardiovascular diseases & hypertension, and growing awareness about aortic aneurysm treatment, and developing healthcare infrastructure in India, China, and Australia. For instance, WHO reported that one million people in the World Health Organization Western Pacific Region die each year from cardiovascular disease caused by tobacco use and more than 1 in 5 cardiovascular diseases, such as heart attack and stroke, result from smoking?
The Middle East & Africa has the least share of the global aortic aneurysm market. In addition, the major market share of the region would be held by the Middle Eastern region. Several studies reported that aortic aneurysm is very rare in the Middle East and very few lives are threatened by deadly aortic aneurysms annually in the Middle East region.
Table Of Contents
Chapter 1 Report Prologue
Chapter 2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Detection Technique Trends & Assessment
TOC Continued…
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A stent graft or covered stent is type of vascular stent with a fabric coating that creates a contained tube but is expandable like a bare metal stent. Covered stents are used in endovascular surgical procedures such as endovascular aneurysm repair. Stent grafts are also used to treat stenosis in vascular grafts and fistulas used for hemodialysis. The Asia-Pacific Stent Grafts market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Stent Grafts by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
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Vascular Stents Market– Industry Insights, Size, Share, Trends, Outlook Analysis 2023
Market Research Future published a Half-Cooked Research Report on “Global Vascular Stents Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Vascular Stents Market - Overview:
Vascular stents are tiny tube like medical devices which are places into blood vessels or arteries to open the blockage in the vessels. Vascular stent is the valuable tool for the treatment of the different coronary diseases. Vascular stents are used to widen the narrow vessels so as to minimize the chances of heart attack and chest pain. This stents are prepared from variety of material. According to the WHO, approximately 18 million people died from cardiovascular diseases in 2014. Increasing number of people suffering from cardiovascular diseases is responsible for the driving the market. Additionally, globally 39% of adults aged 18 years and over were overweight whereas 13% were obese. Technological advances and increasing obese population is also contributed in the growth of the market. Other advantages like low risk of infection and short recovery time will also drive the market. However availability of alternative therapy and high cost of ventricular stents may restrain the growth of the market.
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Global Vascular Stents Market - Competitive Analysis:
Boston Scientific Corporation (US), Abbott Laboratories (US), Medtronic, Plc (UK), Cook Medical (US), Biotronik se & co. kg (Germany), B. Braun Melsungen AG (Germany), Cordis (US), Lombard Medical Technologies (UK), Translumina GmbH (Germany), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Vascular Concepts (India), W.L. Gore & Associates (US), Meril Life Sciences Pvt. Ltd. (India) are some of the prominent players at the forefront of competition in the Global Vascular Stents Market and are profiled in MRFR Analysis.
Many companies are focusing on research and development activity to improve the vascular stent products. Major companies are focusing on the development of biodegradable stents to overcome the disadvantages of other available stents. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Abbott Laboratories is one of the leading healthcare company headquartered in US. In June 2016, FDA has approved the Absorb bioresorbable Stent for heart. This stents is completely dissolve in the body and used in the treatment of heart complications. Company’s Esprit bioresorbable vascular scaffold is under clinical trials.
December, 2016 - Lombard Medical and MicroPort Scientific Corporation announced strategic partnership and investment agreement. This partnership allowed Lombard Medical to accelerate commercialization in global market with its two key products i.e Aorfix and Altura AAA. Aorfix, the only stent graft to hold global approvals to treat abdominal aortic aneurysms (AAA) with aortic neck angles up to 900, and Altura, a highly innovative stent graft that offers a simple and predictable treatment option for standard abdominal aortic aneurysms anatomy.
Boston Scientific Corporation is a global manufacturer and developer of medical devices headquartered in US. PROMUS Element Plus Stent, REBEL Stent System, SYNERGY Stent are some of the major products of the company. In 2014, company has launched Promus PREMIER Everolimus-eluting Platinum Chromium Coronary Stent System in Asia Pacific region. In 2015, worldwide sales of the company’s drug-eluting coronary stents were $1.074 billion as compared to $1.151 billion during 2014.
Medtronic is a medical device manufacturer headquartered in UK. It is the world's largest standalone medical technology development company. In 2015 company has develop Stent Graft System System for Endovascular Repair of Thoracoabdominal Aortic Aneurysms. Earlier company’s Resolute Drug-Eluting Stent has shown a very good performance in Diabetic Patients with Heart Disease. Medtronic market was increased by 7% in 2016 compared to 2015.
Cook Medical is an US headquartered company involved in the manufacturing of the medical devices. Approach, Bird's Nest, Advance are some of the major product of the company.
Global Vascular Stents Market - Regional Analysis:
Geographically, the global vascular stents market is segmented into four regions. Of which North America commands market for vascular stents due to increasing obese population in North America is the major factor for the growth of the market. Beside this increasing people suffering from various cardiovascular diseases and lack of exercise also contributed in the growth of the market. Europe accounts second largest vascular stents market. While Asia Pacific is the fastest growing market due to rapid development in technology and a huge patient suffering from different vascular diseases. However, The Middle East and Africa has the lowest market for medical robotics because of limited development in medical field.
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Title:
Vascular stents market research report – Global forecast to 2023
World Wide Vascular stents market research report – Global forecast to 2023
Global Peripheral Vascular stents market research report – Global forecast to 2023
Keywords: metal, standard polymer, biodegradable polymer, self-expanding stent, balloon expanding stent, renal artery stents, Summary:
Vascular stents market research report “Vascular stents market research report – Global forecast to 2023” is an comprehensive report
Main Body:
Vascular stents are tiny tube like medical devices which are places into blood vessels or arteries to open the blockage in the vessels. Vascular stent is the valuable tool for the treatment of the different coronary diseases. Vascular stents are used to widen the narrow vessels so as to minimize the chances of heart attack and chest pain. This stents are prepared from variety of material. According to the WHO, approximately 18 million people died from cardiovascular diseases in 2014. Increasing number of people suffering from cardiovascular diseases is responsible for the driving the market. Additionally, globally 39% of adults aged 18 years and over were overweight whereas 13% were obese. Technological advances and increasing obese population is also contributed in the growth of the market. Other advantages like low risk of infection and short recovery time will also drive the market. However availability of alternative therapy and high cost of ventricular stents may restrain the growth of the market.
Global Vascular Stents Market - Competitive Analysis
Boston Scientific Corporation (US), Abbott Laboratories (US), Medtronic, Plc (UK), Cook Medical (US), Biotronik se & co. kg (Germany), B. Braun Melsungen AG (Germany), Cordis (US), Lombard Medical Technologies (UK), Translumina GmbH (Germany), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Vascular Concepts (India), W.L. Gore & Associates (US), Meril Life Sciences Pvt. Ltd. (India) are some of the prominent players at the forefront of competition in the Global Vascular Stents Market and are profiled in MRFR Analysis.
Many companies are focusing on research and development activity to improve the vascular stent products. Major companies are focusing on the development of biodegradable stents to overcome the disadvantages of other available stents. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Abbott Laboratories is one of the leading healthcare company headquartered in US. In June 2016, FDA has approved the Absorb bioresorbable Stent for heart. This stents is completely dissolve in the body and used in the treatment of heart complications. Company’s Esprit bioresorbable vascular scaffold is under clinical trials.
December, 2016 - Lombard Medical and MicroPort Scientific Corporation announced strategic partnership and investment agreement. This partnership allowed Lombard Medical to accelerate commercialization in global market with its two key products i.e Aorfix and Altura AAA. Aorfix, the only stent graft to hold global approvals to treat abdominal aortic aneurysms (AAA) with aortic neck angles up to 900, and Altura, a highly innovative stent graft that offers a simple and predictable treatment option for standard abdominal aortic aneurysms anatomy.
Boston Scientific Corporation is a global manufacturer and developer of medical devices headquartered in US. PROMUS Element Plus Stent, REBEL Stent System, SYNERGY Stent are some of the major products of the company. In 2014, company has launched Promus PREMIER Everolimus-eluting Platinum Chromium Coronary Stent System in Asia Pacific region. In 2015, worldwide sales of the company’s drug-eluting coronary stents were $1.074 billion as compared to $1.151 billion during 2014.
Medtronic is a medical device manufacturer headquartered in UK. It is the world's largest standalone medical technology development company. In 2015 company has develop Stent Graft System System for Endovascular Repair of Thoracoabdominal Aortic Aneurysms. Earlier company’s Resolute Drug-Eluting Stent has shown a very good performance in Diabetic Patients with Heart Disease. Medtronic market was increased by 7% in 2016 compared to 2015.
Cook Medical is an US headquartered company involved in the manufacturing of the medical devices. Approach, Bird's Nest, Advance are some of the major product of the company.
Global Vascular Stents Market - Regional Analysis
Geographically, the global vascular stents market is segmented into four regions. Of which North America commands market for vascular stents due to increasing obese population in North America is the major factor for the growth of the market. Beside this increasing people suffering from various cardiovascular diseases and lack of exercise also contributed in the growth of the market. Europe accounts second largest vascular stents market. While Asia Pacific is the fastest growing market due to rapid development in technology and a huge patient suffering from different vascular diseases. However, The Middle East and Africa has the lowest market for medical robotics because of limited development in medical field. Browse Full Report @ https://www.marketresearchfuture.com/reports/vascular-stents-market-1408
About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Scenario:
Vascular stents are the devices which are used for the treatment of different artery diseases. Arterial diseases is characterized by decreasing in the diameter of the artery due to the deposition of the plaque which is mainly cholesterol or fat. Vascular stents are used to unblock the arteries and relieve the obstruction of blood flow. Different types of materials are used for the preparation of the stents. The major driving factor for the growth of global vascular stents market is increasing prevalence of cardiovascular diseases and coronary diseases. Increase in number of angioplasty procedures, advances in the treatment of the vascular diseases, increasing obese population also contributed in the growth of the market. According to WHO, cardiovascular diseases is the cause of majority of deaths globally. Beside this number of obese population across the globe is rising continuously. In 2014, globally 39% of adults aged 18 years and over were overweight whereas 13% were obese. People are more prone to different vascular diseases due to adoption of deskbound work life, poor diet and lack of exercise. This is the major factor influencing the growth of the market. Whereas availability of alternative therapies and high cost of the vascular stents are some factors that hinders the growth of the market.
Key players of Global Brain Monitoring:
Boston Scientific Corporation (US), Abbott Laboratories (US), Medtronic, Plc (UK), Cook Medical (US), Biotronik se & co. kg (Germany), B. Braun Melsungen AG (Germany), Cordis (US), Lombard Medical Technologies (UK), Translumina GmbH (Germany), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Vascular Concepts (India), W.L. Gore & Associates (US), Meril Life Sciences Pvt. Ltd. (India).
Segments:
Global vascular stents market is segmented on the basis of material into metal, standard polymer and biodegradable polymer. On basis of application they are coronary artery, peripheral artery and other. On the basis of type the market is segmented into self-expanding stent, balloon expanding stent, renal artery stents, drug eluting stent and other. And on the basis of end user they are hospital, clinics, ambulatory centres.About
Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Surgical Stents Market 2020: Industry Overview, Driving Factors, Segments, Regional Analysis And Competitive Analysis
Market Research Future Published a Half Cooked Research Report on Global Surgical Stents Market Research Report.
Surgical Stents Market Highlights
Market Scenario:
Stents are tiny tube like medical devices, which are placed into blood vessels or arteries to open the blockage in the vessels. They are primarily used in the treatment of cardiac and renal diseases. A number of people are suffering from cardiac and renal diseases, and the number is increasing continuously due to changing lifestyle, and lack of exercise. The global surgical stent market is driven by increasing prevalence of cardiac & renal diseases, rising diabetic population, and continuous innovation & introduction of new stents. However, the risk of infection, long approval time and higher cost holding the growth of the market. The global surgical stent market is projected to grow at a CAGR of 7.9% during the forecast period 2017-2023.
Surgical Stents Market Segmentation:
The global surgical stents market is segmented into types, type of materials, application, and end users. On the basis of types, the market is segmented: cardiac stents, urinary stents, biliary stents, oesophageal stents, prostatic stents, and others. Cardiac stents are further segmented: self-expanding stents, balloon expanding stents, bio-engineered stents, dual therapy stents, artery stents, drug eluting stents, and others. Urinary stents are further segmented: open end stents, double pigtail stents, closed end stents, and multi loop stents. On the basis of materials, the market is segmented: metal, standard polymer, and biodegradable polymer. On the basis of applications, the market is segmented: cardiac diseases, urinary tract diseases, and others. On the basis of end users, the market is segmented into hospital, clinics, and others.
Surgical Stents Market Regional Analysis
America accounts for the largest share of global surgical stent market owing to the presence of an enormous patient population base. According to the Centers for Disease Control and Prevention, 9.3% of total America population is suffering from diabetes. Diabetes and obesity are the leading causes of cardiac and renal diseases. Due to increasing diabetic and obese population, America is witnessing rapid growth in the market. Europe has the second leading market of surgical stents which is followed by Asia Pacific. Asia Pacific is experiencing the highest growth for the surgical stents market in the globe. According to the WHO (2016), around 5% of the total Indian population is suffering from obesity. Increasing prevalence of cardiac diseases, rising obese, and geriatric population boosting the growth in Asia Pacific market. India and China dominate the market for surgical stents in Asia Pacific region.
Some of the major key player in the market are STI Laser Industries, Ltd (Israel), ELLA - CS, s.r.o. (Czech Republic), Medtronic (US), Boston Scientific Corporation (US), Laserage Technology corporation (US), amg International GmbH (Germany), Abbott (US), Angiocare (Netherlands), Meril Life Sciences Pvt. Ltd. (India), Elixir Medical Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), B. Braun Melsungen AG(Germany), Medtronic (US), Amaranth Medical, Inc (US), Arterial Remodeling Technologies (US).
The global surgical stents market is experiencing extreme competition due to major companies are focusing on the development of biodegradable stents to overcome the disadvantages of other available stents. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Boston Scientific Corporation, headquartered in the US, is a global manufacturer and developer of medical devices. The company has adopted various strategies to sustain in the competitive market, for instance, new products launch. PROMUS Element Plus Stent, REBEL Stent System, SYNERGY Stent are some of the major products of the company. In 2015, worldwide sales of the company’s drug-eluting coronary stents were $1.074 billion as compared to $1.151 billion during 2014.
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Abbott, headquartered in US, is one of the leading healthcare company. In June 2016, FDA has approved the Absorb bioresorbable Stent for heart. This stents is completely dissolve in the body and used in the treatment of heart complications. Company’s Esprit bioresorbable vascular scaffold is under clinical trials.
Medtronic, headquartered in UK, is a world's largest standalone medical device manufacturer. In 2015 company has develop Stent Graft System System for Endovascular Repair of Thoracoabdominal Aortic Aneurysms. Earlier company’s Resolute Drug-Eluting Stent has shown a very good performance in Diabetic Patients with Heart Disease.
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Endovascular Aneurysm Repair Devices Market Analysis, Size, Share, Growth and Trends by Forecast to 2023
Endovascular Aneurysm Repair Devices Market Overview
The global endovascular aneurysm repair devices market could record a CAGR of 6.4% during the forecast period (2018-2023), reveals Market Research Future (MRFR).
Endovascular Aneurysm Repair Devices Market Growth Drivers and Top Barriers
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.
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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 market.
Endovascular Aneurysm Repair Devices Market Segmentation
The worldwide market for endovascular aneurysm repair devices has been segmented on the basis of indication, site, anatomy, and products.
The market, depending on the indication, has been considered for abdominal aortic aneurysm, thoracic aortic aneurysm, and others. The types of thoracic aortic aneurysm are ascending aortic aneurysm, descending aortic aneurysm, thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
The market, site-wise, has been considered for infrarenal and pararenal. The market, with respect to the pararenal site, caters to juxtarenal and suprarenal.
The market, anatomy-wise, covers traditional and complex.
The market, with regard to the products, mentions percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Endovascular Aneurysm Repair Devices Market Regional Analysis
The endovascular aneurysm repair devices market is spread across the primary regions of Europe, Asia Pacific, Middle East, and Africa, and the Americas.
The supreme growth of the endovascular aneurysm repair devices market has been noted in the Americas. The prime reason behind the superlative growth can be the expanding geriatric population along with the highly -developed healthcare sector. The Centers for Disease Control and Prevention (CDC) gauges abdominal aortic aneurysm to be among the leading 15 causes of mortality within the United States (U.S.).
Europe is projected to hold the second position in the worldwide endovascular aneurysm repair devices market. The regional market gets ample support from the rising prevalence of aneurysms, favorable reimbursement scenario, and availability of funds for research. Apart from this, esteemed players in the region are nursing next-generation EVAR products, aiming to expand and evolve. This helps generate momentum to trigger market growth.
Asia Pacific could expand at the fastest pace owing to the presence of a massive patient population combined with the continuously developing nations. Consistently improving healthcare infrastructure and rising number of surgeons could lead the regional market to greater heights in the years ahead.
Lastly, Middle East & Africa has been identified as the smallest market for endovascular aneurysm repair devices. Most of the market is concentrated in Middle East as a result of the increasing government initiatives for the healthcare industry.
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Endovascular Aneurysm Repair Devices Market Key Companies
Endospan Ltd., BiFlow Medical Ltd, Endologix, INC., Jotec GmbH, Medtronic plc, Terumo Corporation, W. L. Gore & Associates, Inc., Cardiatis SA, Boston Scientific Corporation, Cook Medical LLC, Endoluminal Sciences Pty Ltd, Cardinal Health, Braile Biomédica, Lemaitre Vascular Inc., Getinge AB, are the top players in the worldwide endovascular aneurysm repair devices market.
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