Endovascular Aneurysm Repair Market size is forecast to reach $2.8 billion by 2025, growing at a CAGR of 6.8% during the forecast period 2020-2025. Endovascular aneurysm repair (EVAR) is a minimally invasive technique of endovascular surgery used to treat pathology of the aorta, most commonly an abdominal aortic aneurysm. When used to treat thoracic aortic disease, the procedure is then specifically termed TEVAR for "thoracic endovascular aortic aneurysm repair." Thoracoabdominal aortic aneurysm (TAAA) is a related aortic disorder of elderly male smokers, many patients have serious cardiac and pulmonary co-morbidities. One of the recent form of treatments is endovascular stent grafting, which uses an endovascular stent graft to reinforce the wall of the aorta (known as aortic stent) and helps to keep the damaged area from rupturing. EVAR gives significant benefits over Open Aortic Surgery (OAS). Technological advancements in EVAR surgery, benefits over open surgery and increase in R&D activities and investments by key companies for further efficiency and improvement of EVAR are major factors that are driving the market growth in recent years. In addition, major developments by key market players like Medtronic and Endologix are other factors driving the growth of the market. 

Key Takeaways

North America dominated the Endovascular Aneurysm Repair Market in the year 2019 owing to rising cases of abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA).The Endovascular Aneurysm Repair Market scope for different regions will be provided in the final report.
Growing demand of endovascular stent grafts, development of next-generation stent graft, increasing investments for improvisation of aortic aneurysm devices and increasing investments in development of better devices by key market players have helped in significant growth of Endovascular Aneurysm Repair Market. 
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Endovascular Aneurysm Repair Market report.
Government policies and regulations on costs of aortic aneurysm devices is anticipated to hamper the market growth of the Endovascular Aneurysm Repair Industry.

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Geography - Segment Analysis

North America dominates the geography segment of Endovascular Aneurysm Repair Market with a share of more than 43.7% in 2019, followed by Europe. Growing prevalence of aortic disorders like abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA), increasing healthcare affordability of the masses alongwith healthcare awareness growth and presence of key market players in the region have helped in the growth of Endovascular Aneurysm Repair Market infrastructure in this region. In autopsy studies, the frequency rate of AAA ranged from 0.5% to 3.2%. In a large US Veterans Affairs screening study, the prevalence was 1.4%. The likelihood of development ranges from 3 to 117 cases per 100,000 person-years. On the other hand, the estimated incidence of thoracic aortic aneurysms is 6 cases per 100,000 person-years. In addition, the overall prevalence of AAs has increased significantly in the past 30 years. A large number of treatments following up fuels the market growth by a large scale. Europe held the second place in the geography segment share of the market, owing to increasing health awareness among the masses, increasing cases of mortality by aortic aneurysm and technological improvements of treatment processes.

Drivers – Endovascular Aneurysm Repair Market

Growing demand of endovascular stent grafts
Increasing investments for improvisation of aortic aneurysm devices


Endovascular Aneurysm Repair Industry Outlook

Endovascular Aneurysm Repair Market share is consolidated by the top players present in the market. Endovascular Aneurysm Repair Market top 10 companies are Abbott Laboratory, C R Bard, Inc, Cardinal Health Inc, Cook Medical Inc, Endologix Inc, Lombard Medical, Inc, Medtronic Plc, Merck Co, Inc, Terumo Corporation and W L Gore Associates, Inc among others.

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