Portland, OR, June 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global endovascular aneurysm repair market generated $2.64 billion in 2020, and is projected to reach $4.35 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Significant surge in the cases of aortic aneurysm, increase in the geriatric population, rise in the number of smokers, and availability of favorable reimbursements for EVAR procedures & devices are expected to drive the growth of the global endovascular aneurysm repair market. On the other hand, lack of awareness among people is expected to hinder the growth to some extent. However, persistent technological advancements in endovascular aneurysm repair are expected to create ample opportunities for the industry.
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COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global endovascular aneurysm repair market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the decreased focus and emphasis on endovascular aneurysm repair as more and more healthcare professionals in hospitals and clinics increasingly focused on the…
