An aortic aneurysm is the weakening and bulging of the aorta, which can cause a leak that spills blood into the body. It can lead to blood flow away from the organs and tissues, resulting in severe complications, such as kidney damage, heart attacks, and even death. Endovascular aneurysm repair (EVAR) is a minimally invasive alternative to open surgery, the preferred treatment option for aortic aneurysms. In this procedure, a stent-graft is placed in an aneurysmal area of the aorta, which provides a permanent alternative channel for blood flow within the patient's vasculature and prevents aneurysmal sac from blood flow pressure and rupture.
MARKET SCOPE
The "Global Endovascular Aneurysm Repair Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the endovascular aneurysm repair devices market with detailed market segmentation by product, site, application, and geography. The report provides key statistics on the market status of the leading endovascular aneurysm repair devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global endovascular aneurysm repair devices market is segmented into percutaneous EVAR, fenestrated EVAR, aortic stents & thoracic aortic aneurysm grafts and others.
- Based on site, the market is segmented into infrarenal and pararenal.
- On the basis of application, the market is bifurcated into hospitals, clinics, ambulatory surgical centers and others.
MARKET DYNAMICS
Drivers:
- Increase in the occurrences of abdominal aortic aneurysm.
- Rise in the minimally invasive surgical procedures adoption.
- Technological advancements in the EVAR field.
- Growing geriatric population globally.
Restraints:
- High cost associated with EVAR treatment procedures.
- Lack of awareness among people in developing region.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The endovascular aneurysm repair devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the endovascular aneurysm repair devices market in these regions.
IMPACT OF COVID-19 ON ENDOVASCULAR ANEURYSM REPAIR DEVICES MARKET
COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The ongoing COVID-19 pandemic has impacted the worldwide economy and the growth of the endovascular aneurysm repair devices market. With the number of rising cases, the need to reduce the level of activity in all surgical procedures was necessary. Thus, elective procedures, including abdominal aortic aneurysms, were postponed, and only essentials operations were allowed because of the shortage of resources and the increased need for assistance facilities. This impacted the demand for EVAR devices and affected its growth. However, due to the removal of imposed restrictive measures, the market may witness an increase in growth in the future.
MARKET PLAYERS
The report covers key developments in the endovascular aneurysm repair devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from endovascular aneurysm repair devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for endovascular aneurysm repair devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the endovascular aneurysm repair devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medtronic
- Terumo Corporation
- Cook Medical
- W.L. Gore
- Endologix
- Boston Scientific
- Getinge Group
- Cardinal Health
- LeMaitre Vascular
- BiFlow Medical