openPR Logo
Press release

Endovascular Aneurysm Repair Market Growing At A CAGR Of 6.2% And To Target $3.58 Billion By 2023 | Abdominal Aortic Aneurysm, Thoracic Aortic Aneurysm, EVAR

05-03-2021 05:12 PM CET | Health & Medicine

Press release from: Allied Market Research

Endovascular Aneurysm Repair Market

Endovascular Aneurysm Repair Market

Advancements in endograft stent technologies and a shift from open surgical repair to minimal invasive endovascular repair has led to the sizeable market growth.

The endovascular aneurysm repair market was valued at $2.32 billion in 2016, and is projected to reach $3.58 billion 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.

Download Free Report Sample @ https://www.alliedmarketresearch.com/request-sample/1879

COVID-19 scenario-

1) The Covid-19 pandemic and followed by lockdown has affected several manufacturing industries.

2) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.

3) However, as the world has been recovering from the pandemic, the market is estimated to get back on track.

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.

Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/1879

Factors that drive the growth of global endovascular aneurysm repair market are increase in adoption of endovascular stent grafts and development of next generation stent graft, such as Excluder (W. L. Gore & Associates, Inc.), Zenith (Cook Medical Inc.) and others. In addition, rise in awareness in the emerging economies about availability of wide range of aortic aneurysm devices attract patient population, thereby is expected to provide lucrative growth opportunities to EVAR market. However, inflated cost of EVAR procedures and risks associated with these procedures restrain the market growth.

The thoracic aortic aneurysm (TAA) segment is expected to register highest CAGR of 8.8% throughout the forecast period. This is owing to the rise in development of sophisticated devices for the treatment of thoracic aneurysm globally. In addition, many key players have undergone acquisitions and product development to cater to the demand for EVAR procedures and devices. Ascending thoracic aneurysm segment of thoracic aortic aneurysm market generated highest revenue in 2016, accounting for about 49.6% of the total share, and is anticipated to maintain this trend from 2017 to 2023.

The traditional aneurysm is defined as aneurysm with aortic neck length more than or equal to 10mm. The traditional anatomy segment dominated the EVAR market by anatomy with three-fourths of the total share in 2016. The market for traditional aneurysm is attributed by the fact that majority of the cases registered in hospitals of aneurysm are more than 10mm. The complex anatomy market segment is expected to grow at a highest CAGR of 9.2% from 2017 to 2023.

Download Detailed COVID-19 Impact Sample Report at @ https://www.alliedmarketresearch.com/request-for-customization/1879?reqfor=covid

The infrarenal site dominated the EVAR market with more than sixth-seventh share in 2016. This is due to the elevated rate of occurrence of abdominal aneurysm at infrarenal site. Around 110,000 procedures using EVAR were performed globally in 2016, to treat infrarenal abdominal aortic aneurysm. Hence, owing to the high prevalence of infrarenal abdominal aortic aneurysm it primarily contributes to the market growth. The pararenal site of EVAR market is expected to grow at a CAGR of 7.1% from 2017 to 2023.

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.

In 2016, Asia-Pacific and LAMEA collectively accounted for about 17.8% share of the total endovascular aneurysm repair market and are expected to continue this trend due to increase in adoption of endovascular aneurysm repairs, specifically in China, India, and the other developing economies. Rise in geriatric population is the main reason for growth of the endovascular aneurysm repair market in Asia-Pacific.

Access Full Report @ https://www.alliedmarketresearch.com/endovascular-aneurysmr-repair-market

The Major key players Are:

• 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.

The other prominent players Are:

• Volcano Corporation
• Spectranetics International BV
• AbbVie Inc.
• Bolton Medical Inc.
• Aptus Endosystems Inc.

Similar Reports:

Biomarker Technologies Market : https://www.einpresswire.com/article/529532663/biomarker-technologies-market-growing-at-a-cagr-of-13-2-and-to-target-58-50-billion-by-2026

Dialyzer Market : https://www.einnews.com/pr_news/529534175/dialyzer-market-value-to-grasp-4-52-billion-by-2025-at-cagr-of-6-2-amr

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Endovascular Aneurysm Repair Market Growing At A CAGR Of 6.2% And To Target $3.58 Billion By 2023 | Abdominal Aortic Aneurysm, Thoracic Aortic Aneurysm, EVAR here

News-ID: 2279054 • Views: 380

More Releases from Allied Market Research

Organic Bread Market Size, Benefits, Business Opportunities and Future Scope Til …
Due to the health benefits associated with organic products, people are inclined toward it. Organic bread has high nutrition content and is free from any synthetic fertilizers. It is a ready-to-use breakfast across the world. It is certified by different food safety agencies and is in more demand than conventional bread. It has different variants like organic whole wheat flour, organic bread cakes, organic bread bakeries, which help to fulfil
Pea Fibre Market Share Overview, Demand and Business Outlook 2021 - 2030
Keeping in view the demand of health-conscious consumers, the vegan food industry is introducing numerous health-based food items in their product portfolio. It has boosted the augmented demand of the pea fiber market significantly. They are an excellent source of dietary fiber. Owing to its health benefits, it contains substances that can prevent stomach cancer, according to researchers. Due to this fast-paced lifestyle, people prefer those food products, which comprises
Ready To Drink Shake Market Current Shize, Share, Trends and Future Aspect Analy …
Ready to drink Shake is the quick and healthy option for a fitness regime to consume in pre- and- post-workout to build their body muscle and lean the body mass. It helps to manage their weight, stress, and anxiety. These products are consumed by athletes to improve their immunity, strength, performance, and promote their body muscle growth. These drinks are consumed for mental as well as physical growth. These products
Savoury Snacks Market | Growth Factors and Competitive Scenario Till 2030
Savory snacks are food products that include ingredients of vegetable oil, seeds, nuts, fruits, and vegetables. It has so many flavors such as salty, spices, and many other vegetable flavors. Increasing the consumption among the population and rapid urbanization influences the food and beverage industries of key growth of the market. Snacking product is a leading trend in the food and beverage industry, which is a major key factor to

All 5 Releases


More Releases for EVAR

Endovascular Aneurysm Repair (EVAR) Market Key Growth Drivers 2017-2027
Abnormal enlargement of aorta in the abdomen of a person is a commonly occurring aneurysm in the world. Men and women of all ages are susceptible the incidence of an abdominal aortic aneurysm. Pain arising from such aneurysm can lead to paralysis or even cause death of the patient through cardiac disorders such as arterial stenosis. Endovascular aneurysm repair (EVAR) is a collective term for all treatments that are directed
Endovascular Aneurysm Repair (EVAR) Market - Global Industry Insights, Trends, O …
Aortic aneurysm is a medical condition, in which aorta, gets enlarged. Abdominal and Thoracic are two categories of aortic aneurysm. These conditions can lead to abdominal pain, low blood pressure, loss of consciousness or even death. Endovascular aneurysm repair (EVAR) is a minimally invasive surgical method to treat abdominal and thoracic aortic aneurysm. It is an alternative to open surgery for abdominal aortic aneurysm (AAA), which makes it relatively safe
Endovascular Aneurysm Repair (EVAR) Market | Global Outlook
Aortic aneurysm is a medical condition, in which aorta, gets enlarged. Abdominal and Thoracic are two categories of aortic aneurysm. These conditions can lead to abdominal pain, low blood pressure, loss of consciousness or even death. Endovascular aneurysm repair (EVAR) is a minimally invasive surgical method to treat abdominal and thoracic aortic aneurysm. It is an alternative to open surgery for abdominal aortic aneurysm (AAA), which makes it relatively safe
Endovascular Aneurysm Repair (EVAR) Market: Challenges and Opportunities Report
Abnormal enlargement of aorta in the abdomen of a person is a commonly occurring aneurysm in the world. Men and women of all ages are susceptible the incidence of an abdominal aortic aneurysm. Pain arising from such aneurysm can lead to paralysis or even cause death of the patient through cardiac disorders such as arterial stenosis. Endovascular aneurysm repair (EVAR) is a collective term for all treatments that are directed
High Acceptance of EVAR Procedures Boosts Global EVAR Stent Graft Market
"The Report Global EVAR Stent Grafts Market Professional Survey Report 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" A new report has been added by MarketResearchReports.biz to its database about the stent grafts market. The latest report, titled “Global EVAR Stent Grafts Market Professional Survey Report 2017” adds an exclusive discussion to analyze the market by depending on the following
EVAR Stent Grafts Market 2017- Medtronic, Terumo(Vascutek)
Marketreports.biz, recently published a detailed market research study focused on the "EVAR Stent Grafts Market" across the global, regional and country level. The report provides 360° analysis of "EVAR Stent Grafts Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global EVAR Stent Grafts industry, and estimates the future trend of EVAR