Press release
Abdominal Aortic Aneurysm (AAA) Repair Devices Market Analysis, Trends, Growth, Research And Forecast 2033
Abdominal Aortic Aneurysm (AAA) Repair Devices Market
The Business Research Company offers in-depth market insights through Abdominal Aortic Aneurysm (AAA) Repair Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Rising Incidence Of Abdominal Aortic Aneurysms Drives Growth In The Repair Devices Market
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.
Competitive Landscape:
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
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Top Trend - Advancing Aortic Aneurysm Repair With Cutting-Edge Technologies
Technological improvements are a key trend gaining popularity in the abdominal aortic aneurysm repair devices market. Companies operating in the abdominal aortic aneurysm repair devices market are adopting new technologies to sustain their position in the market. For instance, in March 2021, Gore-Medical a US-based company engaged in manufacturing medical devices used by healthcare professionals launched Excluder Conformable AAA Endoprosthesis With Active Control System. The device features enhanced device positioning, conformable stent graft, and optional angulation control. Interventionalists have the option of angling the device to achieve orthogonal placement to the aortic blood flow lumen to maximize conformability and seal due to the delivery system's angulation control.
The Table Of Content For The Market Report Include:
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. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Size And Growth
…..
27. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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