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London, United Kingdom, 2009/03/05 - According to a newly released report from Medtech Ventures, the forward looking strategy think tank for the medical technology industry, the global market for Thoracic Aortic Aneurysm Repair (TEVAR) devices reached $160 million in 2008.
The TEVAR market is highly concentrated with three leading aortic stent grafts manufacturers accounting for 94% of the market; Gore Medical, Medtronic and Cook Medical. However the report points out that there are plenty of opportunities available for emerging innovative medical device companies.
Current commercially available devices are first-generation devices that leave plenty to be desired and they all target the descending thoracic aorta, which represent one part of the thoracic aorta where aneurysms can occur.
The ascending aorta with its wide diameter, high flow, and proximity to the heart valves and coronary arteries remains the ultimate challenge. Aortic arch involvement is also still an area reserved for open surgery with the current approach is combined surgical bypass debranching and hybrid endovascular stent graft insertion.
Recent development in fenestrated and branched endografts and the promise of the hemodynamic modulating multilayer stent offer some hope for tackling some of these cases endovascularly.
The future of TEVAR market is promising, the market has many growth drivers working for it, demographics, advances in imaging technology, advances in device technology as well as an expanding, increasingly experienced, practitioners base.
The report, titled “Endovascular Thoracic Aortic Aneurysm Repair Device Market - Technology Update & Market Forecast” analysis current market situation, competitive positions, devices in development and offers objective forecast to the year 2015.
Companies mentioned in the report include; Aptus Endosystems, Bolton Medical, Braile Biomedica, Cardiatis, Cook Medical, Gore Medical, Jotec, LeMaitre,, Medtronic, Nano Endoluminal, Nellix Endovascular, TriVascular2 and many more.
The report, which is targeted at busy senior executives in the medical device and venture capital industries, is now available for download from Medtech Reports website.
About Medtech Reports
Medtech Reports (medtech-reports.com) aggregates strategy-level medical technology research documents with trends, analysis & forecasts from a select group of consulting firms and market research publishers.