What Has Been The Evolution of the Abdominal Aortic Aneurysm (AAA) Repair Devices Market in Recent Years?
The abdominal aortic aneurysm (aaa) repair devices market has seen considerable growth due to a variety of factors.
•The market for abdominal aortic aneurysm (AAA) repair devices has seen robust expansion in past years. It is projected to escalate from $2.45 billion in 2024 to $2.58 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to this historical growth include the refinement of surgical procedures, an increasing older population, better access to healthcare, advances in research and development, and enhanced surgeon skill and education.
What Is the Forecasted Market Size and Growth Rate for The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
The abdominal aortic aneurysm (aaa) repair devices market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for abdominal aortic aneurysm (AAA) repair devices is predicted to experience robust growth, escalating to a value of "$3.45 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%.
This growth through the forecast period is due to several factors including increased awareness and education, a need for cost-efficient options, evolving regulatory policies, rising healthcare spending, and advancements in endovascular treatments. The forecast period also anticipates trends such as less invasive procedures, new developments in endovascular surgery, growing occurrence of AAA, changes in regulatory frameworks, and a focus on patient-focused care.
What Factors Are Driving Growth In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
The rise in cases of abdominal aortic aneurysms is anticipated to spur the expansion of the abdominal aortic aneurysm repair devices market. This medical condition pertains to the weakening of a portion of the aorta wall, where the high amount of blood passing through it puts strain on the fragile spot, leading to its outward enlargement and aneurysm creation. Abdominal aortic aneurysm repair devices, namely stent grafts, are utilized to treat this ailment by being inserted into the aorta through a minor groin incision and swelling to buttress the frailest segment of the aorta to prevent it from bursting. For example, Penn Medicine Lancaster General Health, a US-based non-profit health system with a comprehensive care network, revealed in their report published in August 2022 that around 200,000 individuals are diagnosed with an abdominal aortic aneurysm (AAA) annually in the US. Consequently, the surging incidence of abdominal aortic aneurysms is fueling the expansion of the abdominal aortic aneurysm repair devices market.
What Are The Main Segments Of The Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
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
Subsegments:
1) By Endovascular Stent Graft System: Bifurcated Stent Graft, Aorto-Uni-Iliac Stent Graft
2) By Synthetic Graft System: Woven Synthetic Graft, Knitted Synthetic Graft
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What Emerging Trends Are Influencing The Growth Of The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
Advancements in technology stand out as a crucial trend gaining traction in the abdominal aortic aneurysm repair devices market. Firms in this market are turning to new technologies to maintain their market position. In September 2024, for example, US-based medical device firm Cook-Medical LLC. developed a bespoke fenestrated graft for the frozen elephant trunk (FET) aortic procedure. This distinctive graft, designed to match a patient’s unique blood vessel structure, is markedly beneficial in intricate vascular surgeries. The graft aids in the repair of weakened or diseased sections of large arteries like the aorta by providing necessary support. These customized grafts, attuned to the specific needs of a patient, facilitate a less invasive, more accurate, and effective process, and lessen the possibility of complications and the requirement for additional surgeries.
Who Are the Key Players in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
Major companies operating in the abdominal aortic aneurysm (AAA) repair devices market include:
• Cardinal Health Inc.
• Cook Medical LLC
• Endologix Inc.
• Lombard Medical Inc.
• Medtronic plc
• Terumo Corporation
• 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
What Is The Most Dominant Region In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
North America was the largest region in the abdominal aortic aneurysm (AAA) repair devices market in 2024.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
