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Global Endovascular Aneurysm Repair (EVAR) Market Size set to reach USD 4.58 Billion by 2032 Growing at a CAGR of 4.8%, driven by Rising Prevalence of Abdominal Aortic Aneurysms and Demand for Minimally Invasive Treatments
Dataintelo's latest report has disclosed that the global Endovascular Aneurysm Repair (EVAR) market size was valued at USD 3.04 billion in 2023. It is projected to reach USD 4.58 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8% between 2024 and 2032. This market growth is primarily fueled by the escalating prevalence of abdominal aortic aneurysms globally.EVAR, a minimally invasive technique, is increasingly being adopted due to its shorter recovery times and decreased risk of complications as compared to traditional open surgery. The increasing frequency of abdominal aortic aneurysms among the global population is catalyzing the growth of the EVAR market.
As healthcare systems around the world continue to underscore patient-centric care, EVAR is gaining increased appeal for its capacity to supply effective treatment with minimal hospital stay. This aligns perfectly with the wider trends of cost-efficiency and advanced patient outcomes, making EVAR a promising field in the medical treatment landscape.
Further contributing to the growth of the EVAR market is the reduction in overall patient trauma, lower risk of infection, and quicker postoperative recovery in comparison to open surgical procedures. The rise of endovascular aneurysm repair has been propelled by revolutionary advances in technology and techniques, expanding the treatment possibilities for aortic aneurysms and widening its acceptance amongst clinicians. This progression of EVAR acceptance and usage is anticipated to reinforce the market's position over the coming years.
As the market continues to evolve, the adoption of EVAR techniques in managing aortic aneurysms is anticipated to rise. The key to its popularity lies in its minimal invasiveness, efficacy, and ability to reduce recovery time, thereby providing both clinical and economic benefits to healthcare systems worldwide. Therefore, it is expected that the evolution and adoption of EVAR techniques will accelerate over the next decade
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/81710
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The endovascular aneurysm repair (EVAR) market has been segmented on the basis of๐๐ฒ๐ฉ๐
โ Abdominal Aortic Aneurysm
โ Thoracic Aortic Aneurysm
โ Thoracoabdominal Aortic Aneurysm
โ Others
๐๐ข๐ญ๐
โ Pararenal
โ Infrarenal
๐๐ซ๐จ๐๐ฎ๐๐ญ
โ Fenestrated EVAR
โ Percutaneous EVAR
โ Aortic Stents and TAA Grafts
โ Others
๐๐ง๐-๐ฎ๐ฌ๐๐ซ
โ Hospitals
โ Ambulatory Surgical Centers
โ Private Clinics
โ Others
๐๐๐ ๐ข๐จ๐ง
โ Asia Pacific
โ North America
โ Latin America
โ Europe
โ Middle East & Africa
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ ๐๐๐๐จ๐ญ๐ญ
โ BD
โ Cardinal Health
โ ๐๐จ๐จ๐ค ๐๐๐๐ข๐๐๐ฅ
โ Endologix LLC
โ Koninklijke Philips N.V.
โ Lombard Medical
โ Medtronic
โ Terumo Medical Corporation
โ W. L. Gore & Associates, Inc.
The endovascular aneurysm repair (EVAR) market is divided based on type, site, product, end-user, region, and key players. The types include Abdominal Aortic Aneurysm, Thoracic Aortic Aneurysm, Thoracoabdominal Aortic Aneurysm, among others. These types assist in understanding the variation in the market based on the different forms of aortic aneurysms that require EVAR. Furthermore, the market is segmented based on the site into pararenal and infrarenal which helps analysts understand the prevalence of these aneurysms and the corresponding market shares. This market includes products such as fenestrated EVAR, percutaneous EVAR, aortic stents and TAA grafts, amongst others, allowing the deep delving into patient preferences and clinician choices.
On a regional basis, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America, particularly, is expected to have a significant share in the market due to high healthcare expenditure, developed healthcare infrastructure and high awareness about aortic aneurysms and its treatments. Conversely, the Asia-Pacific region is projected to be the fastest-growing region in the EVAR market. This can be attributed to the increasing prevalence of cardiovascular diseases, rising healthcare expenditure, growing awareness about EVAR procedures, and developing healthcare infrastructure. Key players in the market include Abbott, BD, Cardinal Health, Cook Medical, Endologix LLC, Koninklijke Philips N.V., Lombard Medical, Medtronic, Terumo Medical Corporation, and W. L. Gore & Associates, Inc., who are focussed on expanding their regional footprint, launching innovative products, and strengthening their position in the global EVAR market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/81710
Market Drivers for EVAR Market:
1. Rising Geriatric Population: With age, the risk of developing an aneurysm increases, driving the demand for EVAR.
2. Increase in Health Awareness: With better access to information, people are now more aware of the importance of early detection and treatment, which boosts the demand for EVAR.
3. Technological Advancements: Development of innovative devices like endografts and the minimally invasive nature of EVAR have boosted its adoption.
4. Increasing Incidence of Aortic Aneurysms: High prevalence of aortic aneurysms, especially abdominal aortic aneurysm (AAA), globally, is a major factor driving the demand for EVAR.
5. Favourable Reimbursement Policies: Government and private insurance companies' support in terms of reimbursement also promotes the EVAR market.
Opportunities for the EVAR Market:
1. Emerging Markets: Developing nations in Asia, Latin America, and Africa offer immense growth opportunities due to improving healthcare infrastructure and increasing healthcare expenditure.
2. Research and Development: There is a significant opportunity for the development of new techniques and tools that can make the procedure more effective, efficient and less invasive.
3. Training and Education: As the procedure is complex, there is an opportunity for medical device companies to provide training and educational programs for surgeons to increase adoption of their products.
4. Personalized Treatment: Advances in precision medicine and genomics could pave the way for personalized EVAR treatment plans, which would be a major opportunity for market growth.
5. Collaboration and Partnerships: Collaboration between device manufacturers, healthcare providers, and academic institutions for advanced research can also provide significant opportunities for the EVAR market
๐๐จ๐ฎ ๐๐๐ง ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/81710
This report from Dataintelo is a valuable resource for business and financial analysts, strategic planners, marketing executives, managers, CEOs, CIOs, decision-makers, researchers, and investors. Basically, anyone who's looking to gain a comprehensive understanding of market trends, industry status, competitive landscape, and growth opportunities can significantly benefit from this report.
Dataintelo is known for its meticulous research and accurate reports, which are prepared by a team of experts with in-depth industry knowledge and data analysis skills. They provide not only a broad overview, but also a detailed analysis of various markets and related sectors. This helps inform better decisions in terms of market entry strategy, market sizing, market share analysis, sales and revenue, product portfolio, distribution channels, growth opportunities, and technological advancements. Dataintelo combines industry-specific expertise with data-driven insights, making them a trusted provider of market research reports. One of the advantages of Dataintelo is their up-to-date data, which ensures that the readers always get the latest insights and are on top of recent trends and developments. They also offer personalized research, offering tailor-made solutions and reports to suit the unique needs of individual clients. With their efficient customer service, they maintain constant support throughout the decision-making process
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