Endovascular Abdominal Aortic Aneurysm Repair Devices Market A Less Invasive Approach

Endovascular Abdominal Aortic Aneurysm Repair Devices Market worth $3.53 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market - (By Product Type (Synthetic Fabric Graft, Stent-graft), By Age Group (Adult, Geriatric, Pediatric), By Material (Polymer, Metal), By Aortic Length (Above 50 mm, Above 100 mm, By End-User (Hospital, Ambulatory Surgical Centers (ASCs), Research Institutes, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market is valued at US$ 2.43 Bn in 2023, and it is expected to reach US$ 3.53 Bn by 2031, with a CAGR of 4.9% during the forecast period of 2024-2031.

The field of abdominal aortic aneurysm (AAA) treatment has been revolutionized by endovascular devices. These devices offer a less invasive and safer alternative to traditional open surgery for many patients.

Endovascular stent grafts are the primary component of this technology. They consist of a fabric-covered, cylindrical tube supported by a metal framework (stent). The stent graft is surgically placed inside the aneurysm to create a new blood vessel, effectively bypassing the aneurysm and preventing it from rupturing due to blood pressure.

The endovascular aneurysm repair (EVAR) procedure, utilizing these stent grafts, is rapidly becoming the standard intervention for AAA due to several advantages over open surgery:
• Shorter hospital stays
• Quicker recovery times
• Improved patient outcomes
• Avoidance of major surgery
This growing preference for minimally invasive treatments is driving the demand for innovative devices in the endovascular stent graft market. Technological advancements in these devices, such as improved stent grafts and catheters, are further enhancing patient safety and treatment success rates.

Title Options:
• Minimally Invasive Revolution: The Endovascular Stent Graft Market for Abdominal Aortic Aneurysms
• Delivering Hope: How Endovascular Devices are Transforming AAA Treatment

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List of Prominent Players in the Endovascular Abdominal Aortic Aneurysm Repair Devices Market:

• Abbott Laboratories
• Cardinal Health Inc.
• W. L. Gore & Associates Inc
• Boston Scientific Corporation
• Cook Group Incorporated
• Terumo Medical Corporation
• Medtronic Plc
• Becton Dickinson and Company
• Koninklijke Philips N.V.
• Lombard Medical Inc.
• Endologix Inc.
• Other Prominent Players

Market Dynamics:

Drivers-
The increase in the prevalence of abdominal aortic aneurysm (AAA) and advancement in endovascular technology are the key factors driving the global market share of endovascular abdominal aortic aneurysm repair devices in the next few years. The increase in the geriatric population, growth in the adoption of unhealthy lifestyles, and increase in obesity rates are also contributing to market growth and increasing awareness about the condition and availability of advanced treatment options, further augmenting market statistics.

The rise in the adoption of endovascular AAA repair devices in emerging economies creates lucrative business opportunities for market players in endovascular abdominal aortic aneurysm repair devices. Leading companies focus on developing new products using advanced technologies to expand their global footprint.

Challenges:
The Endo-vascular Abdominal Aortic Aneurysm Repair Device Market faces several constraints, including stringent regulatory requirements for approval, high initial costs of devices and procedures limiting accessibility, and specialized training among healthcare professionals for proper deployment and maintenance. Additionally, technological advancements and innovation in traditional surgical techniques pose competitive challenges.

Economic constraints, such as reimbursement policies and healthcare budget limitations, further impact market growth. Moreover, concerns regarding long-term device durability and potential complications necessitate continuous research and development efforts to address safety and efficacy issues, adding to market restraints.

Regional Trends:
The North American Endovascular Abdominal Aortic Aneurysm Repair Device Market is projected to hold a prominent market share in revenue and is envisioned to gain a high CAGR soon. Growing population, rapid urbanization, and increasing industrialization, coupled with increasing R&D activities by prominent players, are factors expected to increase the market growth in the region.

Besides, Europe had a strong market share due to the developed economy and increasing product demand. This is because of the new strategies by the major players in the country and the increase in EVAR procedures. Further, the participation of essential market companies and increasing collaboration among major players provide this market's growth opportunity.

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Recent Developments

• In Jan 2023, Medtronic has initiated the first phase of a worldwide randomized trial to assess the long-term effectiveness of endovascular aneurysm repair. The ADVANCE Trial was a worldwide, post-market, forward-looking, interventional, multicenter, randomized research that recruited at least 550 participants at a maximum of 50 locations around the world.

• In Oct 2021, Terumo Aortic has received regulatory approval and has officially launched the Treo abdominal aortic stent transplant system in Japan. The Treo device has been authorized by the Japanese Pharmaceuticals & Medical Devices Agency for the treatment of individuals suffering from abdominal aortic aneurysms.

Segmentation of Endovascular Abdominal Aortic Aneurysm Repair Devices Market-
By Product Type-
• Synthetic Fabric Graft
• Stent-graft

By Age Group-
• Adult
• Geriatric
• Pediatric

By Material
• Polymer
• Metal

By Aortic Length
• Above 50 mm
• Above 100 mm

By End-User
• Hospital
• Ambulatory Surgical Centers (ASCs)
• Research Institutes
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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