The global Endovascular Abdominal Aortic Aneurysm Repair Devices market is expected to grow at a CAGR of 5.2% by 2028. The global market for endovascular abdominal aortic aneurysm repair devices was valued at USD 2.6 billion in 2017 and is projected to reach USD 4.7 billion by 2028, growing at a CAGR of 5.2%.
On the basis of Type, the market is segmented into Aneurx Aaa stent-graft system, Gore excluder, Zenith flex, and Talent Abdominal Stent Graft. The hospital segment accounted for the largest market share in 2017 owing to rising awareness about endovascular repair of abdominal aortic aneurysms among physicians as well as its superiority over open surgery techniques.
An aneurx Aaa stent-graft system is one device that can be used to treat abdominal aortic aneurysms. This type of endovascular treatment involves installing the graft in order to control leakage or blockage in the artery before it ruptures and causes death. Aneurx aaa stent-graft systems are made from metal with fabric coverings on either side, called braid coating.
The gore excluder is a device that can be used in order to repair the hernia and eliminate blood from accumulating inside of it. It also has sutures that are attached to either side, for holding the tissue together while they heal. The gore excluder may come with other devices such as clips or hooks.
The Zenith Flex is an endovascular abdominal aortic aneurysm repair device, meaning it's implanted into a patient through their groin area before being threaded around the aneurysm itself so that it can reconstruct any faulty areas on its way out by creating new walls. This type of surgery would typically take about two hours when performed. Zenith flex is mainly used to treat medium to large size AAA ruptures with symptomatic or asymptomatic symptoms and for patients who either refuse open surgery or are not candidates for surgical treatment due to medical reasons such as morbid obesity, diabetes mellitus, coronary artery disease, etc.
Talent Abdominal Stent Graft is a type of endovascular abdominal aortic aneurysm repair device. It's implanted into the patient through their groin area and threaded around any faulty parts, reconstructing them along its way out. It can be used to treat when there are medium-sized ruptures with symptomatic or asymptomatic symptoms that are not candidates for open surgery due to medical reasons such as morbid obesity, diabetes mellitus or coronary artery disease, etc.
On the basis of Application, the global market is classified into hospitals, clinics, and research institutes. The hospital segment dominated the overall endovascular abdominal aortic aneurysm repair devices market globally during 2017 due to the high prevalence rate of ACAA across hospital settings.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The market in APAC is expected to grow at the fastest CAGR throughout the forecast period of 2018-2028 owing to a large population suffering from ACAA across these regions. North America currently dominates the global endovascular abdominal aortic aneurysm repair device market with about 36% share followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively. However, the Asia Pacific region is expected to grow fastest due to rising awareness levels coupled with increasing investments in research projects.
The global endovascular abdominal aortic aneurysm repair devices market has been witnessing significant growth over the last few years due to factors such as the increasing prevalence rate of ACAA among people around the globe. This trend is likely to continue during the forecast period (2018-2028) with high investments for research and development projects. The global endovascular abdominal aortic aneurysm repair devices market is restrained by factors such as the high cost of treatment. In addition, the availability of less invasive treatments for ACAA (such as stent-graft systems) has led to lower adoption rates among people suffering from this disease. A number of trends that are expected to shape the marketplace over the next few years include increasing popularity for newer technologies across emerging markets due to rise in spending power coupled with low medical awareness levels; rising investments in research and development for new devices to treat ACAA; and availability of less invasive treatments for this disease such as stent-graft systems which may lead to lower adoption rates in the developing regions.
Up Market Research published a new report titled “Endovascular Abdominal Aortic Aneurysm Repair Devices Market research report which is segmented by Types (Aneurx Aaa Stent-Graft System, Gore Excluder, Zenith Flex, Talent Abdominal Stent Graft), By Applications (Hospitals, Clinics, Research Institutes), By Players/Companies Medtronic, W. L., Gore, Cook Medical, Medtronic”.
|Report Attributes||Report Details|
|Report Title||Endovascular Abdominal Aortic Aneurysm Repair Devices Market Research Report|
|By Type||Aneurx Aaa Stent-Graft System, Gore Excluder, Zenith Flex, Talent Abdominal Stent Graft|
|By Application||Hospitals, Clinics, Research Institutes|
|By Companies||Medtronic, W. L., Gore, Cook Medical, Medtronic|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||223|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Aneurx Aaa Stent-Graft System, Gore Excluder, Zenith Flex, Talent Abdominal Stent Graft and By Application Hospitals, Clinics, Research Institutes.
Some of the companies that are profiled in this report are:
Endovascular Abdominal Aortic Aneurysm Repair Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Endovascular Abdominal Aortic Aneurysm Repair Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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