Global TEVAR Market 2016-2020
Published: Feb 2016 | Pages: 39 | SKU: IRTNTR8575 |
Outlook of the global TEVAR market
Technavio’s market research analyst predicts the thoracic endovascular aneurysm repair (TEVAR) market to grow steadily at a CAGR of around 9% during the forecast period. The advent of minimally invasive surgeries (MIS) for TEVAR is a critical factor that fosters growth in this market. MIS has revolutionized the field of surgery and is widely used for performing cardiac surgeries that involve the insertion of stent grafts, occluders, and cardiac rhythm management devices. Since MIS involves making smaller incisions for operations, it can reduce hospital stay and prevent excessive blood loss by the rapid healing of surgical site. With the increasing utilization of MIS for TEVAR, the demand for essential medical devices will increase. This increase in the demand for medical devices for the surgery will impel the prospects for market growth until 2020.
The growing popularity of robotic-assistance cardiac surgery is expected to boost market growth during the forecast period. Robotic surgical procedures help to reduce hospital stays and facilitate better cost management. Moreover, these procedures ensure surgical precision, improved outcomes, faster recovery periods, and reduced pain and discomfort. Growing awareness about the potential benefits of robotic surgeries among patients and surgeons will compel health care facilities to install and implement such equipment.
Geographical segmentation of the TEVAR market
- Americas
- APAC
- Europe
- MEA
In this market study, analysts have estimated the Americas to be the largest market for TEVAR during the forecast period. In 2015, this region accounted for a market share of 48% and is envisaged to grow at a CAGR of about 10% during the predicted period. Factors such as the presence of strong reimbursement policies and a rise in the elderly population, especially in countries like Canada and the US, will result in the high demand for thoracic surgeries in this region.
Competitive landscape and key vendors
The global market for TEVAR is consolidated owing to the presence of a few large players like Cook Medical and Gore Medical. The leading vendors in this market offer very few products and face intense competition from rivals, which compels them to focus on product differentiation.
Key vendors in the market are -
- Cook Medical
- Gore Medical
- Medtronic
Other prominent vendors in the market include Bolton Medical, Gamida, Jotec, MAQUET, and MicroPort.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global TEVAR market?
- What are the key market trends impacting the growth of the TEVAR market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global TEVAR market?
- What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the TEVAR market?
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Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Product pipeline analysis
- Zenith t-Branch
- Relay thoracic stent-graft
- Talent thoracic stent graft
- Endovascular stent-graft repair of descending thoracic aorta
PART 07: Geographical segmentation
- Global TEVAR market by geography 2015-2020
- TEVAR market in Americas
- TEVAR market in EMEA
- TEVAR market in APAC
PART 08: Market drivers
- Growing incidence of aortic aneurysms and rise in older population
- Increased adoption of MIS for TEVAR
- High demand from APAC
- Awareness initiatives by organizations
PART 09: Impact of drivers
PART 10: Market challenges
- Complications associated with aortic aneurysm surgery
- Stringent regulatory environment
- Lack of clinical evidence
- Threat of substitute surgical procedures
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Growing popularity of robot-assisted cardiac surgery
- Increased use of MRI in cardiac applications
- Focus on developing novel products and expanding indications
PART 13: Vendor landscape
- Competitive scenario
- Key vendor analysis
- Other prominent vendors
PART 14: Appendix
- List of abbreviations
PART 15: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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