Increasing demand for minimally invasive surgeries to treat various medical conditions to boost growth of endovascular aneurysm repair (EVAR) market
According to a study published in the New England Journal of Medicine, 2016, the number of patients opting for endovascular aneurysm repair has increased significantly during 2005–2012. For instance, in 2005, the percentage of patients in the U.S. suffering from aneurysm opting for EVAR was around 50%, which increased to 75.4% in 2012. A similar pattern was observed in England. Increasing consumer inclination towards this revolutionary procedure is attributed to it being a minimally-invasive method of treatment that requires minimal stay in hospitals, smaller incisions, less scaring, and aids in rapid recovery. This is expected to aid in growth of the market.
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