IQ4I Research & Consultancy Published a New Report on "Aortic Aneurysm Repair Devices Global Market – Forecast to 2023"
An aortic aneurysm refers to an enlargement (or dilation) of the aorta, symptoms of this condition often do not show up until it becomes large or bursts and cause bleeding or even death. An aortic aneurysm is classified into Abdominal Aortic Aneurysm (AAA) and Thoracic Aortic Aneurysm (TAA). Rising geriatric population, lifestyle diseases, minimally invasive endovascular surgeries and technological advancements in EVAR is propel the growth of Aortic Aneurysm Repair Devices.
The rising geriatric population, increasing the number of lifestyle diseases, growing acceptance for minimally invasive endovascular surgeries and technological advancements in EVAR are expected to propel the growth of Aortic Aneurysm Repair Devices global market. However, some issues like risks associated with endovascular procedures such as endoleaks, radiation exposure and high costs of endovascular aneurysm repair procedures may hinder the growth of Aortic Aneurysm repair devices market.
The Aortic Aneurysm Repair Devices global market by site is segmented into Abdominal Aortic Aneurysm (Infrarenal and Perarenal) and Thoracic Aortic Aneurysm (Ascending, Descending, Thoracoabdominal and Aortic Arch). The Abdominal Aortic Aneurysm contributed the largest revenue in 2016 as per estimates of IQ4I Research. Thoracic Aortic Aneurysm is expected to grow at the highest CAGR by 2023. The Aortic Aneurysm Repair Devices global market by products is segmented into Stent grafts, Catheters and Others. The stents grafts occupied highest market in 2016 of Aortic Aneurysm Repair Devices product market.
The Aortic Aneurysm Repair Devices global market by Repair Type is segmented into Abdominal Aortic Aneurysm and Thoracic Aortic Aneurysm. Abdominal Aortic Aneurysm is segmented into Open surgery repair and Endovascular aortic repair (EVAR). The endovascular aneurysm repair occupied the largest market share in Abdominal Aortic Aneurysm Repair Devices by repair type market and is expected to grow at a high CAGR. Thoracic Aortic Aneurysm by repair type is segmented into Open surgery and Thoracic endovascular aneurysm repair (TEVAR). The Thoracic endovascular aneurysm repair contributed the largest revenue and is expected to grow at a high CAGR as per estimates of IQ4I Research.
The Aortic Aneurysm Repair Devices global market based on geography is divided into North America, Europe, Asia-Pacific and Rest of the world. North American region commanded the largest revenue in 2016 due to advanced healthcare infrastructure, constant technological innovations, increase in lifestyle diseases and growing acceptance for minimally invasive endovascular surgeries. However, Asia-pacific region is expected to grow at the highest CAGR due to due to changing lifestyle, increasing healthcare expenditure and growing public awareness towards minimally invasive surgeries.
Some of the prominent players in aortic aneurysm repair devices market include Bolton Medical (U.S.), Cook Medical (U.S.), Endologix, Inc. (U.S.), Lombard Medical Technologies (U.K.), Medtronic plc (Ireland), MicroPort Scientific Corporation (China),Terumo Medical Corporation (Japan), W.L. Gore and Associates, Inc. (U.S). Some of the emerging players are JOTEC GmbH (Germany), LifeTech Scientific Inc. (China), Endospan (Israel), Nano Endoluminal S.A. (Brazil), Braile Biomedica (Brazil) etc.
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