Endovascular Devices Market: Emerging Economies Expected to Influence Growth until 2026

BRUSSELS - Aug. 26, 2022 - PRLog -- Global Endovascular 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 favorable reimbursements for endovascular procedures are some of the key factors driving the global Endovascular devices market.

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.

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.

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 company's global reach with the latest endovascular aneurysm repair (EVAR) technology

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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