Aortic repair devices are the medical devices that are utilized for treatment, maintenance, and longevity of aortic systems in human beings. They are widely utilized in various surgical procedures, such as for treating numerous endovascular disorders, like aneurysms.
MARKET SCOPE
The "Global Aortic Repair Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aortic repair devices market with detailed market segmentation by product, procedure, and geography. The report provides key statistics on the market status of the leading aortic repair devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global aortic repair devices market is segmented into stent grafts, and catheters.
- Based on procedure, the market is segmented into abdominal aortic aneurysm repair, open repair, endovascular aneurysm repair, thoracic aortic aneurysm repair and thoracic endovascular aneurysm repair.
MARKET DYNAMICS
Drivers:
- The increasing number of endovascular procedures and increasing preference for stent-grafts for aortic repair drives the aortic repair devices market growth.
- Increasing innovations & technological advancements and rising awareness about the endovascular method of treatments boost the market growth.
- The growing death rate due to cardiovascular diseases coupled with the affordability of minimally invasive procedures for the effective management of cardiovascular diseases fuel market growth.
- Increasing research and development activities in the healthcare industry propel market growth.
Restraints:
- Lack of availability of certain devices in developing regions.
- Complicated post-procedure requirements like re-intervention of patients in some cases through endovascular aortic repair.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aortic repair devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aortic repair devices market in these regions.
IMPACT OF COVID-19 ON AORTIC REPAIR DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to the growing incidence of COVID-19, the number of medical procedures has fallen as people try to stay away from hospitals, along with which elective procedures were delayed or canceled, and only emergency procedures were being carried out. It led to a reduced patient pool and financial challenges for the manufacturers. Although, the vascular surgeons continued to perform surgeries and provide care to patients with urgent and emergent vascular conditions while following the COVID-19 guidelines to reduce the risk of infection to staff and patients. Hence, the aortic repair devices market was significantly affected. However, after the removal of restrictive measures, a surge in procedures that were delayed at the initial stage of the pandemic can be witnessed, which will further increase the demand for aortic devices; therefore, the manufacturers will slowly recover from the financial impact of COVID-19 in the future.
MARKET PLAYERS
The report covers key developments in the aortic repair devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aortic repair devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for aortic repair devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aortic repair devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Terumo Aortic
- Endologix Inc.
- JOTEC GmbH
- Cardiatis
- Cook Medical, Inc
- Medtronic PLC
- Lombard Medical Technologies
- W. L. Gore and Associates
- Boston Scientific corporation
- Braile Biomedica