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).
Report ID: Rn129517747 Published Date: August, 2024 Updated Date: September, 2024

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Techniques
    2. Market Snapshot, By Indication
    3. Market Snapshot, By Region
  4. Global Endovascular Aneurysm Repair (Evar) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Outpatient demand rises for quicker recovery
        2. Tech advances enhance treatment efficacy
        3. Industry collaborations drive innovation
        4. Lifestyle changes contribute to aneurysm rise
      2. Restraints
        1. Limited expertise in complex surgeries
        2. Concerns over long-term device efficacy
        3. Healthcare infrastructure disparities
      3. Opportunities
        1. Robotics enhance surgery precision
        2. Personalized medicine drives tailored solutions
        3. Telemedicine enhances post-op care
        4. Patient-centric care gains traction
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Endovascular Aneurysm Repair (Evar) Market, By Techniques, 2020 - 2030 (USD Million)
      1. Fenestrated EVAR
      2. Adjunctive EVARs
      3. Branched EVAR
      4. Percutaneous EVAR
    2. Global Endovascular Aneurysm Repair (Evar) Market, By Indication, 2020 - 2030 (USD Million)
      1. Abdominal Aortic Aneurysm (Aaa)
      2. Thoratic Aortic Aneurysm (Taa)
    3. Global Endovascular Aneurysm Repair (Evar) Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. B. Braun Melsungen AG
      2. Terumo Corporation
      3. Medtronic, Inc
      4. Boston Scientific Corporation
      5. Volcano Corporation
      6. Spectranetics International BV
  7. Analyst Views
  8. Future Outlook of the Market