ENDOVASCULAR ANEURYSM REPAIR MARKET ANALYSIS

Endovascular Aneurysm Repair MarketSize and Trends

North America is expected to hold a dominant position in global endovascular aneurysm repair (EVAR) market over the forecast period

North America accounted for the largest share in the global endovascular aneurysm market in 2016, owing to increasing prevalence of aneurysms and rising geriatric population, which is more prone to this condition. According to the New England Journal of Medicine, 2016, 278,921 patients underwent repair of abdominal aortic aneurysm in the U.S. during 2005–2012. According to Centers for Disease Control and Prevention (CDC), in 2014, aortic aneurysms led to death of 9,863 in the U.S. Moreover, aneurysm is more prevalent is geriatric population i.e. 50 years and above. According to the U.S. Population Reference Bureau, the population aged 65 years and above is expected to increase from 46 million in 2014 to over 98 million by 2060. With increasing geriatric population, prevalence of aneurysm is also expected to increase. Europe is expected to be the second largest market for EVAR. This is owing to implementation of the National Health Service program across the U.K. This involves screening for various disease conditions among the populace in the region. Successful implementation of this system has in turn led to fast detection of abdominal aneurysm especially in the U.K., Italy, and Sweden. This helps in early diagnosis of disease, thereby, increasing demand for AAA treatments such as EVAR.