Overview and Scope
Abdominal aortic aneurysm repair devices are medical devices used to treat an abdominal aortic aneurysm, a condition that occurs when a section of the aorta wall weakens and the high volume of blood flowing through it exerts pressure on the weak point, causing it to expand outwards and form an aneurysm. These devices (stent grafts) are placed into the aorta by a small groin incision and expand to support the weakest part of the aorta, preventing it from rupturing.
Sizing and Forecast
The abdominal aortic aneurysm (aaa) repair devices market size has grown strongly in recent years. It will grow from $2.38 billion in 2023 to $2.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to surgical technique evolution, aging population, healthcare accessibility, research and development, surgeon expertise and training.
The abdominal aortic aneurysm (aaa) repair devices market size is expected to see strong growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing awareness and education, demand for cost-effective solutions, regulatory landscape, increasing healthcare expenditure, advancements in endovascular . Major trends in the forecast period include minimally invasive procedures, endovascular surgery advancements, rising incidence of aaa, regulatory framework changes, patient-centric care.
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Segmentation & Regional Insights
The abdominal aortic aneurysm (aaa) repair devices market covered in this report is segmented –
1) By Product Type: Endovascular Stent Graft System, Synthetic Graft System
2) By Site: Infrarenal AAA, Pararenal AAA
3) By Application: Traditional Anatomy, Complex Anatomy
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
North America was the largest region in the abdominal aortic aneurysm (AAA) repair devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global abdominal aortic aneurysm (AAA) repair devices market report during the forecast period. The regions covered in the abdominal aortic aneurysm (aaa) repair devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing incidence of abdominal aortic aneurysms is expected to propel the growth of the abdominal aortic aneurysm repair devices market going forward. Abdominal aortic aneurysm refers to the condition that occurs when a section of the aorta wall weakens and the high volume of blood flowing through it exerts pressure on the weak point, causing it to expand outwards and form an aneurysm. Abdominal aortic aneurysm repair devices (stent grafts) are used in treating abdominal aortic aneurysms by inserting into the aorta by a small groin incision and expanding to support the aorta’s weakest section, preventing it from rupturing. For instance, in August 2022, according to the report published by Penn Medicine Lancaster General Health, a US-based not-for-profit health system with a comprehensive network of care, around 200,000 people are diagnosed with an abdominal aortic aneurysm (AAA) each year in the US. Therefore, the growing incidence of abdominal aortic aneurysms is driving the growth of the abdominal aortic aneurysm repair devices market.
Key Industry Players
Major companies operating in the abdominal aortic aneurysm (AAA) repair devices market report are Cardiatis S.A, Cardinal Health Inc., Cook Medical LLC, Endologix Inc., Lombard Medical Inc., Medtronic PLC, Terumo Corporation, W.L. Gore and Associates Inc., C. R. Bard, Jotec GmbH, Gore Medical, Abbott Laboratories, LivaNova PLC, Boston Scientific Corporation, Koninklijke Philips N.V., MicroPort Scientific Corporation LLC, Lifetech Scientific (Shenzhen) Co. Ltd., Hangzhou Endonom Medtech Co. Ltd., Latecba SA, Nectero Medical, Beijing Jinyu Medical Device Co. Ltd., Beijing Endoncare Medical Devices Co. Ltd., Shanghai MicroPort Endovascular Medical Devices Co. Ltd., Lepu Medical Technology Co. Ltd., Beijing Advanced Cardiovascular Technologies Co. Ltd., CryoLife Inc., Baxter International Inc., Edwards Lifesciences Corporation, B. Braun Melsungen AG, Getinge AB
The abdominal aortic aneurysm (aaa) repair devices market report table of contents includes:
1. Executive Summary
2. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Characteristics
3. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Trends And Strategies
4. Abdominal Aortic Aneurysm (AAA) Repair Devices Market – Macro Economic Scenario
5. Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Size and Growth
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31. Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Competitive Benchmarking
32. Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market
34. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Future Outlook and Potential Analysis
35. Appendix
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