Why Endovascular Aneurysm Repair (EVAR) Market is in Demand

Aortic aneurysm is a medical condition, in which aorta, gets enlarged. Abdominal and Thoracic are two categories of aortic aneurysm. These conditions can lead to abdominal pain, low blood pressure, loss of consciousness or even death. Endovascular aneurysm repair (EVAR) is a minimally invasive surgical method to treat abdominal and thoracic aortic aneurysm. It is an alternative to open surgery for abdominal aortic aneurysm (AAA), which makes it relatively safe and less time consuming. However, not all patients suffering from aneurysm are suitable for EVAR. Also, it is difficult to treat aneurysm near or on the kidney using EVAR.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/1339

Increasing demand for minimally invasive surgeries to treat various medical conditions to boost growth of endovascular aneurysm repair (EVAR) market

According to a study published in the New England Journal of Medicine, 2016, the number of patients opting for endovascular aneurysm repair has increased significantly during 2005–2012. For instance, in 2005, the percentage of patients in the U.S. suffering from aneurysm opting for EVAR was around 50%, which increased to 75.4% in 2012. A similar pattern was observed in England. Increasing consumer inclination towards this revolutionary procedure is attributed to it being a minimally-invasive method of treatment that requires minimal stay in hospitals, smaller incisions, less scaring, and aids in rapid recovery. This is expected to aid in growth of the market.

North America is expected to hold a dominant position in global endovascular aneurysm repair (EVAR) market over the forecast period

North America accounted for the largest share in the global endovascular aneurysm market in 2016, owing to increasing prevalence of aneurysms and rising geriatric population, which is more prone to this condition. According to the New England Journal of Medicine, 2016, 278,921 patients underwent repair of abdominal aortic aneurysm in the U.S. during 2005–2012. According to Centers for Disease Control and Prevention (CDC), in 2014, aortic aneurysms led to death of 9,863 in the U.S. Moreover, aneurysm is more prevalent is geriatric population i.e. 50 years and above. According to the U.S. Population Reference Bureau, the population aged 65 years and above is expected to increase from 46 million in 2014 to over 98 million by 2060. With increasing geriatric population, prevalence of aneurysm is also expected to increase. Europe is expected to be the second largest market for EVAR. This is owing to implementation of the National Health Service program across the U.K. This involves screening for various disease conditions among the populace in the region. Successful implementation of this system has in turn led to fast detection of abdominal aneurysm especially in the U.K., Italy, and Sweden. This helps in early diagnosis of disease, thereby, increasing demand for AAA treatments such as EVAR.

Access Table of Content (TOC) Of the Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/1339

Key players operating in endovascular aneurysm market include Medtronic plc. Cook Medical, Gore Medical, B. Braun Melsungen AG, Terumo Corporation, Boston Scientific Corporation, Abbott Laboratories, Volcano Corporation, C.R. Bard, Spectranetics International BV, Cordis Corporation (Johnson and Johnson Co.), and St. Jude Medical Inc.

You may be interested

Adipic Acid Market Analysis by Current Market Scenario And Future Prospects 2017-2025
Chemicals and Polymer Science
Chemicals and Polymer Science

Adipic Acid Market Analysis by Current Market Scenario And Future Prospects 2017-2025

Sayali Tribhuvan - July 19, 2018

Adipic Acid or Hexanedioic Acid are organic compounds with molecular formula (CH2)4(COOH)2. Adipic acids are commercially formed by the reaction between cyclohexanone and cyclohexanol. High purity adipic…

Food Allergy and Intolerance Products Industry Growth Analysis and Futuristic Opportunities Till 2026
Business
Business

Food Allergy and Intolerance Products Industry Growth Analysis and Futuristic Opportunities Till 2026

Sayali Tribhuvan - July 18, 2018

Food allergy is caused due to consumption of particular food which stimulates unusual reaction in the immune system of the human body. Food tolerance is caused due…

Global Wearable Computing Devices Market predicts rise in demand by 2026
Information Technology and Gadgets
Information Technology and Gadgets

Global Wearable Computing Devices Market predicts rise in demand by 2026

Sayali Tribhuvan - July 18, 2018

Global Wearable Computing Devices Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific…

Most from this category