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Global Tevar Market 2016-2020

Outlook of the global TEVAR market

Technavio’s market research analyst predicts the global thoracic endovascular aortic 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?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Global Transcatheter Aortic Valve Replacement Market 2016-2020
  • Global Stent Grafts Market 2015-2019
  • Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market 2015-2019
  • Global Coronary Artery Disease Treatment Devices Market 2015-2019
  • Global Cardiac Markers Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Thoracic Endovascular Aneurysm Repair (TEAR) Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Thoracic Endovascular Aneurysm Repair (TEAR) Market: Cook Medical, Gore Medical and Medtronic.

Other Prominent Vendors in the market are: Bolton Medical, Gamida, Jotec, MAQUET, and MicroPort.

Commenting on the report, an analyst from Technavio’s team said: “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.”

According to the report, 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 TEAR, 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.

Further, the report states that complications associated with aortic aneurysm surgery is expected to hamper the growth of the global TEAR market.

Companies Mentioned

Cook Medical, Gore Medical, Medtronic, Bolton Medical, Gamida, Jotec, MAQUET, MicroPort.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global TEVAR market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Product pipeline analysis
    • Zenith t-Branch
    • Relay thoracic stent-graft
    • Talent thoracic stent graft
    • Endovascular stent-graft repair of descending thoracic aorta
  • Geographical segmentation
    • Global TEVAR market by geography 2015-2020
      • Table Global TEVAR market by geography 2015
      • Table Global TEVAR market by geography 2020
      • Table Global TEVAR market by geography 2015-2020
    • TEVAR market in Americas
      • Table TEVAR market in Americas 2015-2020 ($ millions)
    • TEVAR market in EMEA
      • Table TEVAR market in EMEA 2015-2020 ($ millions)
    • TEVAR market in APAC
      • Table TEVAR market in APAC 2015-2020 ($ millions)
      • Table Number of TEVAR procedures in APAC 2012
  • 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
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Complications associated with aortic aneurysm surgery
    • Stringent regulatory environment
    • Lack of clinical evidence
    • Threat of substitute surgical procedures
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of robot-assisted cardiac surgery
    • Increased use of MRI in cardiac applications
    • Focus on developing novel products and expanding indications
  • Vendor landscape
    • Competitive scenario
    • Key vendor analysis
      • Table Cook Medical: Key takeaways
      • Table Gore Medical: Key takeaways
      • Table Medtronic: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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