Albany, NY -- (SBWIRE) -- 06/07/2016 -- An abdominal aortic aneurysm (AAA) is a condition when a weak area of the abdominal aorta expands or swells. A rupture in the abdominal aortic aneurysm can cause life-threatening bleeding. Endovascular abdominal aortic aneurysm repair is one such surgery performed to repair the widened area in the aorta. Technavio expects the global endovascular abdominal aortic aneurysm repair devices market to multiply at a CAGR of over 6% by 2019.

Advances in technology has revolutionized the aortic aneurysm repair market, leading to a rapid adoption of 3D measurements, intraoperative navigation techniques and modern software, which will further drive the growth of the market. The use of these technology has reduced the risk factors involved and will contribute to more patients opting for this surgery.

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The global market for EVAR infrarenal endovascular abdominal aortic aneurysms repair devices is growing at a steady pace and has recorded a revenue of USD 1.24 billion in 2014. Due to factors such as less blood loss, reduced hospital, loss time for procedure completion the market demand is growing at a fast pace.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -

- Infrarenal (infrarenal + percutaneous indications PEVAR)
- Juxtarenal (suprarenal + fenestrated)

Segmentation by anatomy condition and analysis of - traditional aneurysm and complex aneurysm

Aneurysms with aortic neck lengths10mm are the most occurring condition, representing the traditional aneurysm market. This type of aneurysm is considered as traditional condition as it is a common condition seen in almost 64% of the AAA patients.

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