TEVAR: Key market research findings
- Growing popularity of robot-assisted cardiac surgery
- Advanced developments of TEVAR devices
Technavio has released a new market research report on the global TEVAR market, which is expected to grow at a CAGR of around 9% between 2016 and 2020. Growing incidence of aortic aneurysm and the rising older population prone to age-related heart diseases, are boosting the thoracic endovascular aneurysm repair (TEVAR) market. TEVAR procedures are becoming popular as they not only treat TAAs, but also improve blood flow into specific aortic branches depending upon the level of repair carried out. The Americas occupy 48% of the TEVAR market, due to the presence of strong reimbursement policies and a rise in thoracic surgeries.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, robotic-assistance heart surgery is gaining popularity in the TEVAR market. Robotic surgical procedures help to reduce hospital stays and facilitate better cost management. Moreover, these procedures ensure surgical precision, improved outcomes, faster recovery periods, and reduced pain and discomfort. Growing awareness about the potential benefits of robotic surgeries among patients and surgeons will compel health care facilities to install and implement such equipment,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The vendors are focusing to develop novel products and extending the applications of TEVAR devices for other cardiac surgeries such as penetrating aortic ulcer, aortic transection, intramural hematoma, and aortic dissection. Vendors are focused on developing biodegradable stent grafts, where human cells develop around the implant during the course of time.
The key players in the global TEVAR market includes Cook Medical, Gore Medical, and Medtronic. This market is consolidated owing to the presence of a few large players like Cook Medical and Gore Medical. The leading vendors in this market offer very few products and face intense competition from rivals, which compels them to focus on product differentiation.
A more detailed analysis is available in the Technavio report, Global TEVAR Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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