Endovascular Aneurysm Repair Devices Market Overview
Owing to the high prevalence of abdominal aortic aneurysm disease and development in the geriatric population, the effect of drivers is currently modest but is projected to rise in the future and boost the endovascular aneurysm repair industry. Increasing worldwide occurrences of abdominal aortic aneurysm fuel demand for EVAR devices and treatments, but the global endovascular aneurysm repair market is also expected to be influenced by the fact that such procedures require limited hospital stay. In addition to these aspects, the government is taking measures to raise awareness of the availability of treatments and tools for treating aneurysm. Different aspects are anticipated to augment demand growth, such as shortened turnaround times, low-cost hospitalization charges and technical developments in repair equipment.
Market Research Future (MRFR) predicts the global Endovascular Aneurysm Repair Devices Market Demand to grow at a CAGR of 4.90% over the forecast period from 2022 to 2030, according to a new report. Endovascular aneurysms occur when the aorta develops a weakened spot; they are defined as a localized enlargement that is more than 50% larger than the normal diameter of the aorta. Endovascular aneurysms mostly occur in elderly men and are caused by persistent cardiovascular diseases and a longstanding smoking habit. The weakening in the aorta can cause a bulge, which can affect the blood pressure and blood distribution patterns in the body. If the aneurysm ruptures, it can result in a catastrophic disruption in the blood pressure, possibly resulting in death. To prevent this situation, the aneurysm is repaired with the endovascular aneurysm repair procedure. The growing prevalence of endovascular aneurysms is likely to drive the global endovascular aneurysm repair devices market over the forecast period.
Strict government control, the preferred alternative of open surgery, and multiple problems such as endoleaks and infections can, however, impede business growth during the assessment phase. Certain risks of EVAR care that limit its global acceptance rate include congestive heart failure, ischemic colitis, wound inflammation, ruptures of aneurysm, and leakage of perigraft. through the prognosis period, the effect of the restrictions is expected to decrease as the government makes concerted efforts to strengthen the cost structure of EVAR tools and treatment procedures. The worldwide demand for endovascular abdominal aneurysm repair equipment is expected to grow as ongoing work seeks alternatives to these limiting factors.
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Endovascular Aneurysm Repair Devices Market Segmentation
- The worldwide market for endovascular aneurysm repair devices has been segmented on the basis of indication, site, anatomy, and products.
- The market, depending on the indication, has been considered for abdominal aortic aneurysm, thoracic aortic aneurysm, and others. The types of thoracic aortic aneurysm are ascending aortic aneurysm, descending aortic aneurysm, thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
- The market, site-wise, has been considered for infrarenal and pararenal. The market, with respect to the pararenal site, caters to juxtarenal and suprarenal.
- The market, anatomy-wise, covers traditional and complex.
- The market, with regard to the products, mentions percutaneous EVAR, fenestrated EVAR, aortic stents and TAA grafts, and others.
Endovascular Aneurysm Repair Devices Market Regional Analysis
The endovascular aneurysm repair devices market is spread across the primary regions of Europe, Asia Pacific, Middle East, and Africa, and the Americas.
The supreme growth of the endovascular aneurysm repair devices market has been noted in the Americas. The prime reason behind the superlative growth can be the expanding geriatric population along with the highly -developed healthcare sector. The Centers for Disease Control and Prevention (CDC) gauges abdominal aortic aneurysm to be among the leading 15 causes of mortality within the United States (U.S.).
Europe is projected to hold the second position in the worldwide endovascular aneurysm repair devices market. The regional market gets ample support from the rising prevalence of aneurysms, favorable reimbursement scenario, and availability of funds for research. Apart from this, esteemed players in the region are nursing next-generation EVAR products, aiming to expand and evolve. This helps generate momentum to trigger market growth.
Asia Pacific could expand at the fastest pace owing to the presence of a massive patient population combined with the continuously developing nations. Consistently improving healthcare infrastructure and rising number of surgeons could lead the regional market to greater heights in the years ahead.
Lastly, Middle East & Africa has been identified as the smallest market for endovascular aneurysm repair devices. Most of the market is concentrated in Middle East as a result of the increasing government initiatives for the healthcare industry.
Endovascular Aneurysm Repair Devices Market Players
- Novartis Pharmaceuticals
- Hoffmann-La Roche
- Principia Biopharma Inc
- Sanofi S.A.
- Pfizer Inc.
- Teligent Inc
- Glaxo Smith Kline LLC
- Teva Pharmaceutical Industries.
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