Endovascular Aneurysm Repair Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Endovascular Aneurysm Repair (EVAR) market from 2023 to 2033, exploring market size, trends, segmentation, regional insights, and key players in the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.60 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $11.01 Billion |
| Top Companies | Medtronic, Gore Medical, Cook Medical, Boston Scientific |
| Last Modified Date | 15 November 2024 |
Endovascular Aneurysm Repair Market Overview
What is the Market Size & CAGR of Endovascular Aneurysm Repair market in 2023?
Endovascular Aneurysm Repair Industry Analysis
Endovascular Aneurysm Repair Market Segmentation and Scope
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Endovascular Aneurysm Repair Market Analysis Report by Region
Europe Endovascular Aneurysm Repair:
The European market is valued at $2.03 billion in 2023, anticipated to grow to $3.98 billion by 2033, bolstered by improved regulatory frameworks and increased adoption of innovative surgical solutions.Asia Pacific Endovascular Aneurysm Repair:
In 2023, the Endovascular Aneurysm Repair market in the Asia Pacific region is valued at $0.88 billion, projected to reach $1.73 billion by 2033. This growth is driven by increased healthcare expenditure and the rising prevalence of vascular complications.North America Endovascular Aneurysm Repair:
North America dominates the market, valued at $1.87 billion in 2023 and projected to reach $3.68 billion by 2033, driven by advanced healthcare facilities, technological breakthroughs, and large patient populations.South America Endovascular Aneurysm Repair:
The South American market is smaller, with a valuation of $0.26 billion in 2023, expected to grow to $0.51 billion by 2033. Factors influencing growth include improvements in healthcare infrastructure and rising awareness.Middle East & Africa Endovascular Aneurysm Repair:
The Middle East and Africa market stands at $0.56 billion in 2023, projected to reach $1.11 billion by 2033, primarily due to investment in healthcare infrastructure developments in emerging markets.Request a custom research report for industry.
Endovascular Aneurysm Repair Market Analysis By Product Type
Global Endovascular Aneurysm Repair Market, By Product Type Market Analysis (2024 - 2033)
The product type segment of the EVAR market includes stent grafts, endovascular aneurysm repair kits, and other accessories. In 2023, stent grafts accounted for a significant share of approximately 81.25% of the market and are projected to reach $8.94 billion by 2033. Accessories and kits are also growing, currently valued at $0.53 billion, expected to rise to $1.05 billion, indicating the expanding market potential.
Endovascular Aneurysm Repair Market Analysis By Application Area
Global Endovascular Aneurysm Repair Market, By Application Area Market Analysis (2024 - 2033)
The market is segmented into abdominal aortic aneurysms (AAA) and thoracic aortic aneurysms (TAA). AAA relates to a larger portion of the market due to its higher incidences, representing 65.49% share and estimated to grow significantly. TAA, while smaller at 24.97%, still witnesses growth due to increasing awareness and diagnostic efficiencies.
Endovascular Aneurysm Repair Market Analysis By Technique
Global Endovascular Aneurysm Repair Market, By Technique Market Analysis (2024 - 2033)
The EVAR techniques comprise standard EVAR and thoracic endovascular aortic repair (TEVAR). The popularity of TEVAR is on the rise due to its effectiveness in treating complex aortic pathology, with a market size set to increase by a CAGR of approximately 8% during the forecast period.
Endovascular Aneurysm Repair Market Analysis By End User
Global Endovascular Aneurysm Repair Market, By End-User Market Analysis (2024 - 2033)
Hospitals account for the largest share of the EVAR market, holding a market size of $3.67 billion, reflective of their extensive resources and surgical volume, which is expected to grow to $7.21 billion by 2033. Outpatient and ambulatory surgical centers also exhibit significant growth potential, supporting the push towards minimally invasive approaches that improve patient turnover.
Endovascular Aneurysm Repair Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Endovascular Aneurysm Repair Industry
Medtronic:
A leading global healthcare solutions company providing innovative medical technologies, focusing on minimally invasive surgical options for aortic diseases.Gore Medical:
Manufacturers of the innovative Gore-Tex® grafts, pioneering advancements in endovascular repair and surgical technology for vascular reconstruction.Cook Medical:
Well-known for their broad portfolio of devices and strategic developments in EVAR and minimal invasive techniques.Boston Scientific:
Pioneers in medical devices, emphasizing advancements in endovascular technology, enabling healthcare professionals to optimize patient care.We're grateful to work with incredible clients.
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FAQs
What is the market size of endovascular Aneurysm Repair?
The global market size for Endovascular Aneurysm Repair (EVAR) was valued at approximately $5.6 billion in 2023. It is projected to grow significantly, with a CAGR of 6.8%, reaching robust valuations by 2033.
What are the key market players or companies in this endovascular Aneurysm Repair industry?
Key players in the Endovascular Aneurysm Repair industry include Medtronic, Cook Medical, Terumo Corporation, and W. L. Gore & Associates. These companies are known for their innovative products and strong market presence, contributing significantly to industry growth.
What are the primary factors driving the growth in the endovascular Aneurysm Repair industry?
Factors driving growth in the Endovascular Aneurysm Repair industry include the rising prevalence of aortic aneurysms, advancements in minimally invasive surgical techniques, and increasing awareness and diagnosis rates among healthcare providers and patients.
Which region is the fastest Growing in the endovascular Aneurysm Repair?
The fastest-growing region in the Endovascular Aneurysm Repair market is Europe, with projected growth from $2.03 billion in 2023 to $3.98 billion by 2033. Other notable regions include North America and Asia Pacific, contributing substantially to the market.
Does ConsaInsights provide customized market report data for the endovascular Aneurysm Repair industry?
Yes, ConsaInsights offers customized market report data for the Endovascular Aneurysm Repair industry. This includes tailored insights based on specific client needs, ensuring comprehensive analysis and actionable information.
What deliverables can I expect from this endovascular Aneurysm Repair market research project?
Deliverables from the Endovascular Aneurysm Repair market research project include detailed market analysis, segmentation data, competitive landscape assessments, and future growth forecasts, ensuring stakeholders receive valuable insights for strategic planning.
What are the market trends of endovascular Aneurysm Repair?
Key market trends in the Endovascular Aneurysm Repair sector include increased adoption of EVAR technologies, a shift towards outpatient procedures, and greater investment in R&D for innovative treatment options, aiming to enhance patient outcomes.