Europe Endovascular Aneurysm Repair (EVAR) Market Expected to Reach $3,580 Million Globally, by 2023 with key players Medtronic plc., Cook Medical Inc., Endologix, Inc., Lombard Medical, Inc., W. L. Gore & Associates, Inc., Cardinal Health Inc., C. R. Bar

According to a new report published by Allied Market Research, titled, "Endovascular Aneurysm Repair (EVAR) Market by Indication, Site, Anatomy, and Product: Global Opportunity Analysis and Industry Forecast, 2017-2023," the endovascular aneurysm repair market was valued at $2,327 million in 2016, and is projected to reach $3,580 million by 2023, growing at a CAGR of 6.2% from 2017 to 2023. The abdominal aortic aneurysm (AAA) segment accounted for nearly seventh-ninth share of the total market in 2016.

EVAR is a procedure used in treatment of abdominal and thoracic aortic aneurysm. During the EVAR procedure, the endovascular stent graft is placed in the aneurysm area to provide alternative channel for blood flow. This excludes the aneurysm sac from blood flow pressure. Hence, prevents the walls of aneurysm from rupturing (that may lead to hemorrhage or excessive bleeding). EVAR procedure employing endovascular stent graft provides suitable alternative to open surgery as it does not require any surgical opening. At present, the adoption of EVAR procedures are in high demand, owing to its minimally invasive nature and quick recovery. For instance, in U.S., around 70% of a total 70,000 abdominal aortic repair cases are accomplished by EVAR.

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The percutaneous EVAR product is expected to grow at the highest CAGR of 6.9% throughout the forecast period, owing to the growth in demand for advanced technologies, increase in incidence of aneurysm, and the rapid surge in aged population globally.
This also offers new avenues for the manufacturers operating in EVAR space. Hence, key players are nursing their next generation EVAR products, thereby expanding & evolving, generating a momentum to drive the growth of this market.

Key Findings of the Endovascular Aneurysm Repair (Evar) Market:

• The pararenal segment is anticipated to grow at a highest rate during the analysis period.

• U.S. was the major shareholder in the North America endovascular aneurysm repair market, accounted for the highest share in 2016.

• The traditional segment occupied about three-fourth share of the total EVAR market by anatomy in 2016 and expected to retain its dominant share throughout the forecast period.

• China occupied two-ninth share of the total Asia-Pacific endovascular aneurysm repair market in 2016, registering a high CAGR of 11.2% from 2017 to 2023.

• The percutaneous EVAR product segment dominated the endovascular aneurysm repair market in 2016, growing at a CAGR of 6.9% from 2017 to 2023.

• The juxtarenal segment accounted for the seventh-ninth share in pararenal site in 2016.

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Key players in the market:

• Medtronic plc.
• Cook Medical Inc.
• Endologix Inc.
• Lombard Medical Inc.
• W. L. Gore & Associates Inc.
• Cardinal Health Inc.
• C. R. Bard Inc.
• Merck & Co.Inc.
• Terumo Corporation
• Abbott Laboratories.

Table of content:


Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. REGULATORY FRAMEWORK
3.5. MARKET SHARE ANALYSIS, 2016
3.6. MARKET DYNAMICS

3.6.1. Drivers

3.6.1.1. Rising occurrences of aortic aneurysm
3.6.1.2. Growing geriatric population worldwide
3.6.1.3. Technological advancements in EVAR procedures and devices
3.6.1.4. Availability of favorable reimbursement for EVAR procedures and devices

3.6.2. Restraints

3.6.2.1. High cost associated with treatment procedures
3.6.2.2. Lack of awareness in developing region

3.6.3. Opportunities

3.6.3.1. Improvement in EVAR technologies and devices

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