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Endovascular Thoracic Aortic Aneurysm Repair Device Market - Technology Update & Market Forecast
Medtech Ventures, Feb 2009, Pages: 40
By the end of 2008 the global market for Endovascular Thoracic Aortic Aneurysm & Dissection Repair Device was estimated at $160 million, a growth rate of 45% over its 2007 level of $110 million.
The market is relatively new and is currently driven by new device approvals in key markets. Over the past five years the market has been growing at a compound annual average growth rate (CAAGR) of 75%.
The incidence of thoracic aortic aneurysms (TAAs) and acute dissections is estimated to be as high as 10 cases per 100,000 people per year giving a potential number of 30,000 cases per year in the US and 48,000 cases in Europe.
However, the actual number of diagnosed cases is estimated at 15,000 per year in the US and 16,000 per year in Europe. This number is increasing rapidly due to improved imaging technology and better screening protocols.
An estimated 35,000 thoracic aortic surgical and endovascular interventions are performed every year in the developed world (10,000 in the US alone) at a combined cost to individuals, insurance companies and tax payers of $3.5 billion a year.
Even in the best hands, surgical repair in this anatomical region is difficult and has been associated with devastating complications, especially in those who are not fit for thoracotomy. The endovascular approach can potentially replace many of these operations.
Furthermore, the endovascular approach can double the current universe of eligible patients, since many diagnosed cases are managed conservatively due to patient non-eligibility for surgery.
Endovascular Thoracic Aortic Aneurysm Repair Device Market – Technology Update & Market Forecast is a new edition of this best selling report on the subject.
The report is targeted at busy executives in the medical device and venture capital industries. With the help of this report you will be able to better:
-Understand current market dynamics, competitors positions and market shares.
-Assess market size and growth potential for these new devices.
-Monitor the competition’s marketed and in-development products.
-Identify emerging technologies and the companies behind them.
-Assess market potential and have access to forecasts till 2012.
-Leverage your own technology and brain storm new business opportunities.
-Investigate mergers, acquisitions and licensing possibilities.
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