Global Vascular Surgery and Endovascular Procedures Market, By Procedure (Aneurysm Repair, Bypass Surgery-Peripheral, Carotid Angioplasty and Stenting, Carotid Endarterectomy, Dialysis Access Surgery, Endovascular Repair, Stent Graft, Thromboendarterectomy, Thrombolytic Therapy, Varicose Vein Treatment), Application (Government Hospitals, Private Hospitals and Surgical Clinics, Academic and Research Institutes), Vascular Surgery Products (Scissors, Forceps, Needle Holders, Scalpels) - Industry Trends and Forecast to 2030.
Vascular Surgery and Endovascular Procedures Market Analysis and Size
Kidney disease is one of the main causes of death worldwide. Worldwide, over 2 million people receive dialysis treatment. Around 37 million people in the U.S. and 3 million people are estimated to suffer from CKD. It has been witnessed over the years that the endovascular stent-grafts product held a major part of the market. Numerous healthcare agencies and market players are launching programs promoting different treatment methods, thus increasing market growth.
Data Bridge Market Research analyses the vascular surgery and endovascular procedures market growth rate in 2023-2030. The expected CAGR of the vascular surgery and endovascular procedures market is around 6.50% in the mentioned forecast period. The market was valued at USD 2.5 billion in 2022 and would grow to USD 4.14 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Vascular Surgery and Endovascular Procedures Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Procedure (Aneurysm Repair, Bypass Surgery-Peripheral, Carotid Angioplasty and Stenting, Carotid Endarterectomy, Dialysis Access Surgery, Endovascular Repair, Stent Graft, Thromboendarterectomy, Thrombolytic Therapy, Varicose Vein Treatment), Application (Government Hospitals, Private Hospitals and Surgical Clinics, Academic and Research Institutes), Vascular Surgery Products (Scissors, Forceps, Needle Holders, Scalpels)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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B.D. (U.S.), Edwards Lifesciences Corporation (U.S.), pfm medical ag (Germany), Life Systems (Australia)., BOSS Instruments, Ltd (U.S.)., Cook (U.S.), LeMaitre Vascular, Inc (U.S.)., Medtronic (Ireland), Terumo Systems Corporation (Japan)
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Market Opportunities
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Market Definition
Vascular surgery is a type of surgery that is done to treat the diseases associated with the vascular system. Endovascular surgery is used for treating diseases that affect the blood vessels. Vascular surgery is minimally invasive, and endovascular surgery is less invasive. Aortic aneurysms, deep vein occlusions, blood clots, chylothorax, and renal aneurysms, among others, are common indications treated through these types of surgeries.
Vascular Surgery and Endovascular Procedures Market Dynamics
Drivers
- Increased Technological Advancements in Vascular Surgery And Endovascular Procedures
Several market players are mainly focusing on launching innovative products that will help in the surgeries, further adding fuel to the market growth. For instance, Terumo Aortic launched PANTHER, a global surgical graft study of knitted and woven surgical grafts, in 2021. Thus, this is expected to boost market growth.
- Growing Preference for Endovascular Aneurysm Repair (EVAR) Procedure
The EVAR is widely accepted as a standard of care for aortic aneurysms and supported by vascular surgeons because of several factors. Factors such as faster return to routine activities, relatively less blood loss, shorter stay in the hospital, and short procedure time are associated with it. Numerous products are launched in this regard, boosting the market growth. For instance, Endologix launched Alto Abdominal Stent Graft System in Canada and Argentina in 2021. The launch enhances the company's global reach with advanced endovascular aneurysm repair (EVAR) technology. Thus, this boosts the market growth
Opportunities
- Growing Strategic Acquisitions between Market Players
Some partnerships and acquisitions are adopted by major market players that are enhancing the market's growth. For instance, Terumo Corporation announced the acquisition of Aortic Corporation in 2019. The acquisition helped the growth of the company's vascular grafts business segment and led to the adoption of personalized aortic therapy. Thus, this factor boosts market growth.
- Increasing Incidence of CKD
More than 2 million people globally receive dialysis treatment. About 37 million people in the U.S., and 3 million are expected to suffer from CKD. The latest data states that around 9·1% to 13·4% of the global population (between 700 million and one billion people) suffer from chronic kidney disease (CKD). This increasing incidence demands the high use of vascular surgeries and endovascular procedures as it will help them to recover faster. This factor creates more opportunities for market growth.
Restraints/Challenges
- High Cost of Vascular Surgeries
Several hospitals in underdeveloped and developing nations cannot invest in these surgeries due to high costs and budgetary constraints. Also, due to the increasing demand for surgeries worldwide, the hospitals that cannot afford to buy new equipment favor rebuilt ones. Thus, this factor restraints the market growth.
This vascular surgery and endovascular procedures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Vascular surgery and endovascular procedures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vascular Surgery and Endovascular Procedures Market Scope
The vascular surgery and endovascular procedures market is segmented based on procedure, application and vascular surgery products. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Procedure
- Aneurysm Repair
- Bypass Surgery-Peripheral
- Carotid Angioplasty and Stenting
- Carotid Endarterectomy
- Dialysis Access Surgery
- Endovascular Repair
- Stent Graft, Thromboendarterectomy
- Thrombolytic Therapy
- Varicose Vein Treatment
Application
- Government Hospitals
- Private Hospitals and Surgical Clinics
- Academic and Research Institutes
Vascular Surgery Products
- Scissors
- Forceps
- Needle Holders
- Scalpels
Vascular Surgery and Endovascular Procedures Market Regional Analysis/Insights
The vascular surgery and endovascular procedures market is analyzed and market size insights and trends are provided by procedure, application and vascular surgery products as referenced above.
The major countries covered in the vascular surgery and endovascular procedures market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the increasing incidence of diabetes, CVDs, and chronic kidney disease and the wide availability of advanced healthcare infrastructure in this region. Furthermore, the increasing availability of reimbursement policies and the increasing adoption of advanced technological procedures are enhancing market growth.
Asia-Pacific is projected to witness huge growth in the market because of improving healthcare infrastructure and the growing prevalence of CVDs and diabetes in these regions. Additionally, the population suffering from chronic kidney problems and diabetes is expected to boost market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Vascular Surgery and Endovascular Procedures Market Share Analysis
The vascular surgery and endovascular procedures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related vascular surgery and endovascular procedures market.
Key players operating in the vascular surgery and endovascular procedures market include:
- B.D. (U.S.)
- Edwards Lifesciences Corporation (U.S.)
- pfm medical ag (Germany)
- Life Systems (Australia)
- BOSS Instruments, Ltd (U.S.).
- Cook (U.S.)
- LeMaitre Vascular, Inc (U.S.).
- Medtronic (Ireland)
- Terumo Systems Corporation (Japan)
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