2014-01-30 05:24:03 - Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Endovascular Abdominal Aortic Aneurysm Repair Devices market is to grow at a CAGR of 10.67 percent over the period 201-2016. One of the key factors contributing to this market growth is the high prevalence of abdominal aortic aneurysms. The Global Endovascular Abdominal Aortic Aneurysm Repair Devices market has also been witnessing the increasing demand for minimally invasive surgeries. However, the risk of complications and re-interventions associated with endovascular abdominal aortic aneurysm repair procedures could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Endovascular Abdominal Aortic Aneurysm Repair Devices market is the increasing number of mergers and acquisitions. Several leading vendors in the Global Endovascular AAA Repair Devices market have
been focusing on mergers and acquisitions strategy to increase its global presence, mitigate of patent expiration losses, and achieve high economies of scale. For instance, Medtronic Inc. recently completed its acquisition of two privately held companies, PEAK Surgical Inc. and Salient Surgical Technologies Inc., to expand its innovative surgical product portfolio to meet the global customer and patient needs.
One of the main factors driving the market is prevalence of favorable reimbursement policies. To minimize the overall cost for patients, some countries have provided insurance schemes through which patients can be reimbursed for the cost of the treatment incurred.
One of the main challenges is the intense vendor competition. The global leading players are investing heavily in R&D to produce a broad range of advanced and high-end stents. Small and medium-sized vendors, however, are focused on marketing a single product line to a specific region in the globe, which is increasing the competition within the market.
The key vendors dominating this space include Cook Medical Inc., Endologix Inc., Medtronic Inc., and W. L. Gore & Associates, Inc.
The other vendors mentioned are Aptus Endosystems Inc., Cardiatis S.A., Cordis Corp., JOTEC GmbH, LeMaitre Vascular Inc., Lombard Medical Technologies PLC, Nano Endoluminal, Terumo Cardiovascular Systems Corp., and TriVascular Inc..
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