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Abdominal aortic aneurysm (AAA) is a condition that affects majorly the geriatric population (above 65 years of age). The abdominal aortic aneurysm repair devices market is growing at a steady pace owing to technological advancements in the aneurysm repair procedures. The market growth is driven by increase in geriatric population, rise in tobacco consumption, and technological advancements in repair devices & procedures. In addition, increase in adoption of EVAR procedures, rise in demand for minimally invasive treatment, and availability of favorable reimbursements are anticipated to fuel the market growth. However, high cost of the procedures, low availability of products to treat complex anatomy, that is, aneurysm with neck size less than 10 mm, and lack of awareness in developing regions are the factors that restrain the market growth.
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Abdominal Aortic Aneurysm (AAA) Repair Devices Market Opportunities and Forecasts, 2014- 2022
“Rise in the adoption of minimally invasive procedures, favourable reimbursements, and the unpenetrated opportunities in the complex anatomy segment would boost the market growth. In addition, increase in out-of-pocket expenses is expected to boost the adoption of EVAR in the developing regions.” Pallavi Jaiswal ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET OVERVIEW • Abdominal aortic aneurysm repair devices market was valued at $1,844 million in 2015, and is estimated to reach $2,614 million by 2022, registering a CAGR of 5.1% from 2016 to 2022. The endovascular stent graft system segment is expected to generate the highest revenue, and is projected to dominate the market during the study period. • Abdominal aortic aneurysm (AAA) is a condition that affects majorly the geriatric population (above 65 years of age). The abdominal aortic aneurysm repair devices market is growing at a steady pace owing to technological advancements in the aneurysm repair procedures. • The endovascular stent graft system segment accounted for the more than two-thirds share of the overall market in 2015. • North America lead the global market, owing to increase in prevalence of AAA. North America and Europe together accounted for around four-fifths share in 2015. • Read More: https://www.alliedmarketresearch.com/abdominal-aortic-aneurysm-repair-devices-market
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET SEGMENTATION
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET KEY FINDINGS • Based on product type, in 2015, endovascular stent graft system segment accounted for the highest revenue in the market. • Traditional anatomy segment is expected to grow at a significant CAGR of 6.3% in Asia-Pacific, due to growth in geriatric population. • LAMEA is projected to be the one of the fastest growing region, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of AAA, and increased disposable income of the population. • In 2015, Japan and China jointly accounted for about two-thirds share of the Asia-Pacific abdominal aortic aneurysm repair devices market.
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET DRIVERS AND RESTRAINTS
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET KEY BENEFITS • The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets. • It provides a quantitative analysis from 2014 to 2022 to enable stakeholders to capitalize on the prevailing opportunities in the abdominal aortic aneurysm repair devices industry. • Extensive analysis of the market based on products helps understand the type of devices used to treat abdominal aortic aneurysm. • Competitive intelligence highlights the business practices followed by leading players across various regions. • Extensive analysis of the market is conducted by following key product positioning and monitoring the top contenders within the market framework.
GLOBAL ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET ($MILLION), 2014-2022
ABDOMINAL AORTIC ANEURYSM REPAIR DEVICES MARKET BY GEOGRAPHY North America, Europe, Asia-Pacific, LAMEA
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