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Trends & Drivers, Restraints, & Opportunities 2017-2023
[junkie-alert style=”white”] The Global Aortic Aneurysm Market is estimated to witness a CAGR of 6.6% during the forecast period 2017-2023. The aortic aneurysm market is analyzed based on three segments – type, product types, and regions. [/junkie-alert]
The increasing lifestyle diseases and smoking population are the factors that increase the chances for aortic aneurysm. Along with this, the growing aging population, favorable reimbursement, and technological advancements in products are driving the growth of the aortic aneurysm market. However, lack of awareness about the disease, stringent regulatory approval procedures, and risk associated with the procedure are hampering the growth of the market. The main unmet need in the market is endoleaking, which increases the mortality rate.
Currently, the market players are developing technologically advanced stent grafts for the treatment of complex aortic aneurysm repairs. The EVAR segment contributed more than 70% of the total market share in 2016. A major focus in this segment is expected to drive the growth of the aortic aneurysm market in the future.
The market of aortic aneurysm is dominated by Cook Medical, Medtronic PLC, and W.L. Gore and Associates, who occupy around 85% of the market share. Other small players are adopting various strategies to increase their market share. Endologix acquired Trivascular to expand its product portfolio, thereby being able to address the current and future needs in the aortic aneurysm market.
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
5.2 Symptoms of Aortic Aneurysm
5.3 Market Dynamics
188.8.131.52 Rising geriatric population
184.108.40.206 High prevalence of tobacco smoking
220.127.116.11 Growing acceptance for minimally invasive endovascular surgeries
18.104.22.168 Favorable reimbursement conditions
22.214.171.124 Market expansion opportunities in emerging nations
126.96.36.199 Mergers & acquisitions
188.8.131.52 Increasing clinical trials
184.108.40.206 Stringent regulations for approval
220.127.116.11 Risk associated with the procedure
18.104.22.168 Lack of awareness
5.4 DRO – Impact Analysis
5.5 Key Stakeholders
6 Types: Market Size and Analysis
6.2 Abdominal Aortic Aneurysm
6.2.1 Procedure Type
22.214.171.124 Open surgery
126.96.36.199 Abdominal endovascular aneurysm repair
6.2.2 Location Types
6.3 Thoracic Aortic Aneurysm
6.3.1 Procedure Type
188.8.131.52 Open surgery
184.108.40.206 Thoracic endovascular aortic aneurysm
6.3.2 Location Types
7 Products: Market Size and Analysis
7.2 Stent Grafts
8 Regions: Market Size and Analysis
9 Competitive Landscape
10 Vendors Profile
10.1 MicroPort Scientific Corporation
10.2 Medtronic Plc
10.3 Terumo Corp.
10.4 Endologix Inc.
11 Companies to Watch For
11.1 Cook Medical Inc.
11.2 W.L. Gore & Associates
11.3 Maquet GmbH (Getinge Group)
11.4 Jotec GmbH
11.5 Boston Scientific Corp.
11.6 Lombard Medical Technologies PLC
Additional details can be found here.