Global Aortic Aneurysm Market – By Procedure Types (Abdominal Aortic Aneurysm and Thoracic Aneurysm) By Product Type (Stent Grafts, Catheters, and Others) – Drivers, Opportunities, Trends, and Forecasts: 2017–2023


Overview:

Aortic aneurysm is a condition in which the aortic wall is enlarged at a certain point, which leads to rupturing of the artery resulting in internal bleeding. Abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA) are the two types of aneurysms based on the location of the aneurysm. The first AAA surgical procedure was performed in 1991 and since then there has been an evolution in the treatment of stent grafts. Montenegro, Armenia, and New Zealand were the top three regions with highest mortality rate in 2013.

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.

Market Analysis:

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.

Regional Analysis:

The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). North America is set to be the leading region for the aortic aneurysm market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. Japan is the second standalone market after the US growing with a double digit CAGR.

Analysis by Types:

The aortic aneurysm market is segmented into AAA and TAA. AAA occupies the major share in the market with EVAR being the most adopted AAA procedure. TAA is the fastest growing segment in the market. This is due to the technological advancements and the increasing awareness of the condition among the patients globally.

Analysis by Product Types:

Based on products, the market is segmented as stent grafts, catheters, and other accessories. The stent grafts segment held the major share in 2016, and is expected to grow at a rate of 6.75% during the forecast period. Among the types of stent grafts, AAA stent grafts held a major share in 2016, and the rest of the market is held by TAA stent grafts.

Key Players:

Cook Medical’s Medtronic PLC, W.L.Gore & Associates, MicroPort Scientific Corporation, Terumo Corporation, Endologix, Jotec GmbH, Boston Scientific Corporation,  and other predominant and niche players.

Competitive Analysis:

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.

In countries such as Australia, Germany, the US, and Switzerland, who have fee-for-service reimbursement system, the proportion undergoing AAA repair is higher compared with countries, such as Iceland, Sweden, Denmark, New Zealand, Hungary and Norway, who have a population-based reimbursement model.

Benefits:

The report provides complete details about the usage and adoption rate of aortic aneurysm repair devices in various verticals and regions. These help the key stakeholders to know about the major trends, drivers, investments, and vertical player’s initiatives in the upcoming years. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Key Stakeholders:

1     Industry Outlook 

1.1        Industry Overview

1.2        Industry Trends

1.3        PEST Analysis

2     Report Outline 

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot

3.1        Total Addressable Market

3.2        Segmented Addressable Market

3.3        Related Markets

3.3.1     Interventional Cardiology

3.3.2     Stents

3.3.3     Angioplasty

4     Market Outlook 

4.1        Market Definition – Infoholic Research

4.2        Importance of Aortic Aneurysm Repair Devices

4.3        Complications of Aortic Aneurysm

4.4        Risk Factors for Aortic Aneurysm

4.5        Types of Aneurysm

4.6        Market Segmentation

4.7        Porter 5(Five) Forces

5     Market Characteristics

5.1        Evolution

5.2        Symptoms of Aortic Aneurysm

5.3        Market Dynamics

5.3.1     Drivers

5.3.1.1    Rising geriatric population

5.3.1.2    High prevalence of tobacco smoking

5.3.1.3    Growing acceptance for minimally invasive endovascular surgeries

5.3.1.4    Favorable reimbursement conditions

5.3.2     Opportunities

5.3.2.1    Market expansion opportunities in emerging nations

5.3.2.2    Mergers & acquisitions

5.3.2.3    Increasing clinical trials

5.3.3     Restraints

5.3.3.1    Stringent regulations for approval

5.3.3.2    Risk associated with the procedure

5.3.3.3    Lack of awareness

5.4        DRO – Impact Analysis

5.5        Key Stakeholders

6     Types: Market Size and Analysis

6.1        Overview

6.2        Abdominal Aortic Aneurysm

6.2.1     Procedure Type

6.2.1.1    Open surgery

6.2.1.2    Abdominal endovascular aneurysm repair

6.2.2     Location Types

6.3        Thoracic Aortic Aneurysm

6.3.1     Procedure Type

6.3.1.1    Open surgery

6.3.1.2    Thoracic endovascular aortic aneurysm

6.3.2     Location Types

7     Products: Market Size and Analysis

7.1        Overview

7.2        Stent Grafts

7.3        Catheters

7.4        Others

8     Regions: Market Size and Analysis

8.1        Overview

8.2        North America

8.2.1     US

8.2.2     Canada

8.3        Europe

8.3.1     UK

8.3.2     Germany

8.3.3     Spain

8.4        Asia Pacific

8.4.1     Japan

8.4.2     China

8.4.3     India

8.4.4     New Zealand

8.5        Rest of the World

8.5.1     Africa

8.5.2     Brazil

9     Competitive Landscape 

9.1        Overview

10   Vendors Profile 

10.1     MicroPort Scientific Corporation

10.1.1  Overview

10.1.2  Business Units

10.1.3  Geographic Presence

10.1.4  Business Focus

10.1.5  SWOT Analysis

10.1.6  Business Strategies

10.2     Medtronic Plc

10.2.1  Overview

10.2.2  Business Units

10.2.3  Geographic Presence

10.2.4  Business Focus

10.2.5  SWOT Analysis

10.2.6  Business Strategies

10.3     Terumo Corp.

10.3.1  Overview

10.3.2  Business Units

10.3.3  Geographic Presence

10.3.4  Business Focus

10.3.5  SWOT Analysis

10.3.6  Business Strategies

10.4     Endologix Inc.

10.4.1  Overview

10.4.2  Geographic Presence

10.4.3  Business Focus

10.4.4  SWOT Analysis

10.4.5  Business Strategies

11   Companies to Watch For

11.1     Cook Medical Inc.

11.1.1  Overview

11.2     W.L. Gore & Associates

11.2.1  Overview

11.3     Maquet GmbH (Getinge Group)

11.3.1  Overview

11.4     Jotec GmbH

11.4.1  Overview

11.5     Boston Scientific Corp.

11.5.1  Overview

11.6     Lombard Medical Technologies PLC

11.6.1  Overview

Annexure 

Abbreviations

 

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.


Category :


Pages

81

Tables

20

Charts

45

Regions/countries

4/11

Companies

10


Enquiry Hours

10