Global
Endovascular Aneurysm Repair Devices Research Report: By Indication (Abdominal
Aortic Aneurysm, Thoracic Aortic Aneurysm, and Others), by Site (Infrarenal and
Pararenal), by Anatomy, and by Products (Percutaneous EVAR and Others)–Forecast
Till 2023
Market
Scenario
Endovascular aneurysm repair (EVAR) is a collective term for all
treatments that are directed to surgically cure an aortic aneurysm located in
the patient’s abdomen. Factors such as reduced recovery times, low-cost
hospitalization charges, and technological advancements in repair devices are
expected to drive the growth of the market.
The
global endovascular
aneurysm repair devices market is currently dominated by many market players. The
key players in the market are engaged in new product launches and strategic
collaborations to strengthen its market position. For instance, in April 2018,
Vascutek Ltd. and Bolton Medical, subsidiaries of Terumo Corporation, have
merged into Terumo Aortic. Combining the aortic companies into a single
business, Terumo Corporation aims to grow its presence in the aortic and
vascular implants market.
It is estimated that
the global endovascular aneurysm repair devices market is expected to record a
CAGR ~ 6.4 % during the forecast period of 2018 to 2023.
Key players
·
Cardiatis SA,
·
Cardinal Health,
·
Cook Medical LLC,
·
Endologix, INC.,
·
Jotec GmbH,
·
Medtronic plc,
·
Terumo
Corporation,
·
W. L. Gore &
Associates, Inc.,
·
BiFlow Medical
Ltd,
·
Boston Scientific
Corporation,
·
Braile Biomédica,
·
Endoluminal
Sciences Pty Ltd,
·
Endospan Ltd.,
·
Getinge AB,
·
Lemaitre Vascular
Inc.
Segmentation
The
global endovascular aneurysm repair devices market has been segmented into
indication, site, anatomy, and products.
The market, on the basis of indication, has been
segmented into the abdominal aortic aneurysm, thoracic aortic aneurysm and
others.
The market, based on thoracic aortic aneurysm, has
been further segmented into ascending aortic aneurysm, descending aortic
aneurysm, thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
The
market, on the basis of the site, has been segmented into infrarenal and
pararenal.
The
market, based on pararenal site, has been sub-segmented into juxtarenal and
suprarenal.
The market, on the basis of anatomy, has been
segmented into traditional and complex.
The market, on the basis of products, has been
segmented into percutaneous EVAR, fenestrated EVAR, aortic stents and TAA
grafts, and others.
Regional
Market Summary
The
market has been segmented, by region, into the Americas, Europe, Asia-Pacific,
and the Middle East and Africa. The endovascular aneurysm repair devices market
in the Americas has further been segmented into North America and South America,
with the North American market divided into the US and Canada.
The
Americas is expected to dominate the global endovascular aneurysm repair
devices market owing to increasing geriatric population, and well-developed
healthcare sector. With the increase in the geriatric population, the
prevalence of aneurysms is also expected to rise. The Centers for Disease
Control and Prevention (CDC) ranks abdominal aortic aneurysm as one of the top
15 causes of mortality in the United States, but only for those between 85 and
89 years. According to the Centers for Disease Control and Prevention, aortic
aneurysms were the primary cause of 9,863 deaths in 2014 in the US.
Europe is
expected to hold the second largest position in the global endovascular
aneurysm repair devices market. The market growth in this region is attributed
to the growing prevalence of aneurysms, availability of funds for research, and
favorable reimbursement scenario.
On the
other hand, the Middle East & Africa has the least share of the market.
Majority of the market of this region is expected to be held by the Middle East
region due to the growing government initiatives for the healthcare sector.
Asia-Pacific
is anticipated to be the fastest growing region in the market due to the presence
of a huge patient population and continuously developing economies.
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