Global Endovascular Aneurysm Repair (Evar) Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Techniques;
Fenestrated EVAR, Adjunctive EVARs, Branched EVAR, and Percutaneous EVAR.By Indication;
Abdominal Aortic Aneurysm (Aaa), and Thoratic Aortic Aneurysm (Taa).By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).Introduction
Global Endovascular Aneurysm Repair (Evar) Market (USD Million), 2020 - 2030
In the year 2023, the Global Endovascular Aneurysm Repair (Evar) Market was valued at USD 3,545.42 million. The size of this market is expected to increase to USD 5,401.81 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
The global endovascular aneurysm repair (EVAR) market is experiencing remarkable growth, primarily driven by the rising prevalence of abdominal aortic aneurysms (AAA) and the increasing adoption of minimally invasive surgical procedures. EVAR offers a less invasive alternative to traditional open surgery for treating AAAs, leading to reduced hospital stays, quicker recovery times, and lower overall healthcare costs. Advancements in endovascular technologies, such as the development of next-generation stent grafts and imaging modalities, are further fueling market expansion. These innovations enhance procedural outcomes, improve patient safety, and broaden the eligibility criteria for EVAR, thereby widening the patient pool and driving market growth. Favorable reimbursement policies and increasing healthcare expenditure in developing economies are contributing to the market's positive trajectory by facilitating greater patient access to EVAR procedures.
The EVAR market also faces challenges such as stringent regulatory approval processes, concerns regarding the long-term durability of endovascular implants, and limited awareness about EVAR among both patients and healthcare professionals. Addressing these challenges necessitates continued research and development efforts to enhance the efficacy and durability of endovascular devices, along with comprehensive educational initiatives to raise awareness about the benefits of EVAR among key stakeholders. Strategic collaborations between industry players and healthcare organizations, along with ongoing investments in clinical trials and post-market surveillance studies, are essential for overcoming these hurdles and sustaining the growth momentum of the EVAR market. Despite these challenges, the growing prevalence of AAA, coupled with the continuous evolution of endovascular technologies, presents lucrative opportunities for market players to innovate and capitalize on the expanding demand for minimally invasive treatment options in the field of vascular surgery.
Global Endovascular Aneurysm Repair (Evar) Market Report Snapshot
Parameters | Description |
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Market | Global Endovascular Aneurysm Repair (Evar) Market |
Study Period | 2020 - 2030 |
Base Year (for Endovascular Aneurysm Repair (Evar) Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
The global endovascular aneurysm repair (EVAR) market exhibits a dynamic landscape shaped by a variety of techniques tailored to address specific anatomical complexities and patient conditions. Fenestrated EVAR stands out as a sophisticated approach particularly beneficial in treating complex abdominal aortic aneurysms (AAA) where the aneurysm extends near or involves vital branch arteries. This technique allows for precise placement of stent grafts through fenestrations or small openings within the device, accommodating the blood flow to these branches while excluding the aneurysm. Adjunctive EVARs complement conventional EVAR procedures by incorporating additional devices such as stents or embolic materials to reinforce the repair or manage complications like endoleaks. Branched EVAR emerges as a promising solution for thoracic aortic aneurysms (TAA), enabling the preservation of critical branches like those supplying blood to the arms or head. Percutaneous EVAR, on the other hand, emphasizes minimally invasive access routes, reducing procedural trauma and promoting faster recovery.
In terms of geographical distribution, the EVAR market reflects variances in healthcare infrastructure, technological adoption, and disease prevalence across regions. North America, with its advanced healthcare systems and high prevalence of AAA, represents a significant market share for EVAR procedures. Europe follows closely, characterized by a robust regulatory environment encouraging innovation and adoption of novel techniques. The Asia Pacific region exhibits rapid growth potential driven by expanding healthcare access, rising awareness about aortic diseases, and increasing investments in healthcare infrastructure. The Middle East & Africa and Latin America regions are witnessing gradual but steady uptake of EVAR procedures, propelled by improving healthcare standards and growing geriatric populations prone to aortic pathologies. The global EVAR market showcases a dynamic interplay between advanced procedural techniques, diverse patient indications, and regional healthcare landscapes, fostering innovation and accessibility in aneurysm management worldwide.
Global Endovascular Aneurysm Repair (Evar) Segment Analysis
In this report, the Global Endovascular Aneurysm Repair (Evar) Market has been segmented by Techniques, Indication, and Geography.
Global Endovascular Aneurysm Repair (Evar) Market, By Techniques
The Global Endovascular Aneurysm Repair (Evar) Market has been segmented by Techniques into Fenestrated EVAR, Adjunctive EVARs, Branched EVAR and Percutaneous EVAR.
One prominent technique is Fenestrated EVAR, which involves the use of custom-made stent grafts with openings (fenestrations) to accommodate the visceral arteries, allowing for precise placement and reducing the risk of ischemia in vital organs. This approach is particularly beneficial for patients with complex anatomies where traditional EVAR may not be feasible. Adjunctive EVARs, on the other hand, involve additional procedures such as embolization or stenting to address complications like endoleaks or graft migration, enhancing the efficacy and durability of the repair. These techniques highlight the evolving landscape of endovascular interventions, offering tailored solutions for patients with diverse clinical presentations.
Branched EVAR and Percutaneous EVAR represent further advancements in endovascular technology, catering to specific challenges encountered in aortic aneurysm repair. Branched EVAR entails the use of stent grafts with branches to preserve blood flow to major arteries branching off the aorta, such as the renal or mesenteric arteries, ensuring vital organ perfusion while excluding the aneurysm. This technique is particularly valuable in patients with extensive aneurysmal involvement of these arteries. Percutaneous EVAR involves a minimally invasive approach, utilizing small incisions and catheter-based delivery systems to deploy the stent graft, thereby reducing surgical trauma, recovery time, and risk of complications compared to traditional open surgery.
Global Endovascular Aneurysm Repair (Evar) Market, By Indication
The Global Endovascular Aneurysm Repair (Evar) Market has been segmented by Indication into Abdominal Aortic Aneurysm (Aaa), and Thoratic Aortic Aneurysm (Taa).
Abdominal Aortic Aneurysm (AAA), characterized by a weakening and bulging of the abdominal aorta, represents a substantial portion of the EVAR market. This condition poses a severe risk of rupture, leading to potentially fatal consequences if left untreated. The EVAR market has witnessed a surge in demand for minimally invasive interventions, with endovascular techniques emerging as the preferred approach due to reduced procedural risks and faster recovery times compared to traditional open surgeries. Innovations in stent graft design and delivery systems have propelled advancements in AAA endovascular repair, driving market growth and expanding treatment options for patients worldwide.
Thoracic Aortic Aneurysm (TAA), though less prevalent than AAA, presents its own set of challenges and opportunities within the EVAR market. TAA involves the dilation of the thoracic aorta, which can lead to life-threatening complications such as aortic dissection or rupture. Endovascular approaches have gained prominence in TAA treatment, offering less invasive alternatives to open surgical repair. The complex anatomy of the thoracic aorta presents unique technical challenges, necessitating specialized devices and techniques for successful EVAR procedures. As advancements in imaging technology and device design continue to improve, the EVAR market for TAA is expected to witness steady growth, driven by the increasing adoption of endovascular solutions and the expanding pool of patients seeking safer and more effective treatment options for thoracic aortic aneurysms.
Global Endovascular Aneurysm Repair (Evar) Market, By Geography
In this report, the Global Endovascular Aneurysm Repair (Evar) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Endovascular Aneurysm Repair (Evar) Market Share (%), by Geographical Region, 2023
North America, as one of the foremost hubs for medical innovation and advanced healthcare infrastructure, stands at the vanguard of EVAR market dynamics. With a robust network of research institutions and a growing prevalence of aneurysm cases, the region showcases a significant adoption rate for endovascular interventions. Europe, characterized by its progressive healthcare systems and increasing awareness regarding minimally invasive procedures, constitutes another pivotal market for EVAR technologies. The region's emphasis on technological advancements and favorable reimbursement policies further propels the market forward.
Moving towards the Asia Pacific, a burgeoning healthcare landscape coupled with a rising burden of cardiovascular diseases fuels the demand for EVAR solutions. Countries like China, India, and Japan spearhead market growth, driven by expanding healthcare expenditure and a burgeoning aging population. The Middle East and Africa region witness a growing inclination towards endovascular procedures, fueled by improving healthcare infrastructure and rising healthcare investments. Latin America, amidst its evolving healthcare ecosystem, presents promising opportunities for EVAR market players. Despite facing challenges related to economic volatility, the region's increasing healthcare expenditure and a surge in chronic diseases underscore its significance as a burgeoning market for endovascular interventions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Endovascular Aneurysm Repair (Evar) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Outpatient demand rises for quicker recovery
- Tech advances enhance treatment efficacy
- Industry collaborations drive innovation
- Lifestyle changes contribute to aneurysm rise - Lifestyle changes in modern society have been linked to an increase in the incidence of aneurysms. Factors such as poor diet, lack of physical activity, smoking, and excessive alcohol consumption have been identified as major contributors to the development of aneurysms, particularly abdominal aortic aneurysms and cerebral aneurysms. The rise in hypertension and obesity, often driven by unhealthy lifestyle choices, exacerbates the risk of aneurysms by weakening blood vessel walls and increasing vascular stress.
Public health initiatives aimed at promoting healthier lifestyles and early screening for at-risk populations are crucial in mitigating this growing health issue. By addressing lifestyle factors through education and preventive measures, healthcare systems can reduce the prevalence and severity of aneurysms, ultimately improving patient outcomes.
Restraints
- Limited expertise in complex surgeries
- Concerns over long-term device efficacy
- Healthcare infrastructure disparities - Disparities in healthcare infrastructure significantly impact the diagnosis, treatment, and management of various medical conditions, including aneurysms. In regions with well-developed healthcare systems, patients have greater access to advanced diagnostic tools, specialized medical professionals, and state-of-the-art treatment options. In areas with inadequate healthcare infrastructure, limited resources and access to care can delay diagnosis and treatment, leading to poorer outcomes.
These disparities are often pronounced in low-income and rural areas where healthcare facilities are underfunded, and there is a shortage of trained healthcare providers. Addressing these infrastructure disparities requires strategic investments in healthcare systems, targeted healthcare policies, and initiatives to train and retain healthcare professionals in underserved regions. Bridging the gap in healthcare infrastructure is essential to ensure equitable access to quality care for all patients, regardless of geographic location.
Opportunities
- Robotics enhance surgery precision
- Personalized medicine drives tailored solutions
- Telemedicine enhances post-op care
- Patient-centric care gains traction - The shift towards patient-centric care is gaining significant traction in the healthcare industry, emphasizing the importance of treating patients as active participants in their own care. This approach focuses on understanding and respecting patients' individual preferences, needs, and values, and incorporating them into the decision-making process. Patient-centric care involves enhanced communication between healthcare providers and patients, shared decision-making, and personalized treatment plans that align with patients' lifestyles and goals.
This model not only improves patient satisfaction and engagement but also leads to better health outcomes by fostering a collaborative and supportive healthcare environment. As patient-centric care becomes more widespread, healthcare systems are increasingly adopting practices and technologies that facilitate patient empowerment, such as electronic health records, telemedicine, and patient education programs. Embracing patient-centric care transforms the healthcare experience, making it more responsive, compassionate, and effective.
Competitive Landscape Analysis
Key players in Global Endovascular Aneurysm Repair (Evar) Market include
- B. Braun Melsungen AG
- Terumo Corporation
- Medtronic, Inc
- Boston Scientific Corporation
- Volcano Corporation
- Spectranetics International BV
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Techniques
- Market Snapshot, By Indication
- Market Snapshot, By Region
- Global Endovascular Aneurysm Repair (Evar) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Outpatient demand rises for quicker recovery
- Tech advances enhance treatment efficacy
- Industry collaborations drive innovation
- Lifestyle changes contribute to aneurysm rise
- Restraints
- Limited expertise in complex surgeries
- Concerns over long-term device efficacy
- Healthcare infrastructure disparities
- Opportunities
- Robotics enhance surgery precision
- Personalized medicine drives tailored solutions
- Telemedicine enhances post-op care
- Patient-centric care gains traction
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Endovascular Aneurysm Repair (Evar) Market, By Techniques, 2020 - 2030 (USD Million)
- Fenestrated EVAR
- Adjunctive EVARs
- Branched EVAR
- Percutaneous EVAR
- Global Endovascular Aneurysm Repair (Evar) Market, By Indication, 2020 - 2030 (USD Million)
- Abdominal Aortic Aneurysm (Aaa)
- Thoratic Aortic Aneurysm (Taa)
- Global Endovascular Aneurysm Repair (Evar) Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Endovascular Aneurysm Repair (Evar) Market, By Techniques, 2020 - 2030 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- B. Braun Melsungen AG
- Terumo Corporation
- Medtronic, Inc
- Boston Scientific Corporation
- Volcano Corporation
- Spectranetics International BV
- Company Profiles
- Analyst Views
- Future Outlook of the Market