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.
The endovascular stent graft system segment is expected to generate the highest revenue, and is projected to dominate the market during the study period.
Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/1950
The endovascular stent graft system segment accounted for the more than two-thirds share of the overall market in 2015. This is attributed to the wide adoption of endovascular stent graft system owing to its various advantages such as short hospital stay, less operative time, and minimally invasive nature.
The traditional anatomy segment accounted for highest share in 2015, as the EVAR products currently available are suitable for the treatment of aneurysms with neck length more than 10mm. However, complex anatomy segment is expected to witness a high CAGR during the analysis period. On the basis of site of abdominal aortic aneurysm, the infrarenal AAA repair devices segment accounted for the highest share in 2015, owing to high prevalence of infrarenal AAA.
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. This is attributed to increased incidences of AAA and higher government expenditure on healthcare. Asia-Pacific is expected to witness the highest growth, due to increase in geriatric population, affordability, and improvement in healthcare facilities.
Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/1950
The Major Key Players Are:
Cook Medical Inc., Endologix, Inc., W. L. Gore & Associates, Inc., AbbVie Inc., Medtronic Plc., Cardinal Health Inc., Merck & Co., Inc., C. R. Bard, Inc., Lombard Medical, Inc., and Terumo Corporation.
Key Findings of the Abdominal Aortic Aneurysm Repair Devices Market
- 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.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060