Technavio estimates the global endovascular abdominal aortic aneurysm repair devices market to surpass $2 billion by 2019

Renewable energy

 

A comprehensive breakdown of the global endovascular abdominal aortic aneurysm repair devices market by technique (infrarenal and juxtarenal), by anatomy condition (traditional aneurysm and complex aneurysm), and by geography (the Americas, EMEA, APAC). The top companies analyzed in the report are C.R. Bard, Cook Medical, Endologix, Medtronic, and W. L Gore Associates.

Technavio has released updated information with the publication of its new market research report, global endovascular abdominal aortic aneurysm repair devices market, which is expected to grow at a CAGR of around 7% between 2015 and 2019. The primary growth driver of this market is increased use of endovascular aneurysm repair (EVAR) procedures for abdominal aortic aneurysm (AAA) treatment. The Americas dominate the global market for endovascular abdominal aortic aneurysm repair devices, owing to its structured healthcare infrastructure and awareness of various diseases among the masses.

“Advances in technology has revolutionized the aortic aneurysm repair market, leading to a rapid adoption of 3D measurements, intraoperative navigation techniques and modern software, which will further drive the growth of the market. The use of these technology has reduced the risk factors involved, encouraging more patients to opt for this surgery,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.

Aneurysms with aortic neck lengths≥10mm are the most occurring condition, representing the traditional aneurysm market. This type of aneurysm is considered as traditional condition as it is a common condition seen in almost 64% of the AAA patients. Currently, the market is witnessing a growing trend of minimally invasive surgery, which has several advantages over conventional open surgical methods.

The key vendors in the global endovascular abdominal aortic aneurysm repair devices market include C.R. Bard, Cook Medical, Endologix, Medtronic, and W. L Gore Associates. The market is characterized by a number of key players who develops, designs, and manufactures devices for AAA repair, which involves high innovation and extensive R&D put together because of the complexity associated with the treatment.

A more detailed analysis is available in the Technavio report, Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market 2015-2019.

We can customize this reports by other regions and specific segments upon request.

Other Related Reports:

Further readings: