Endovascular Aneurysm Repair Market Size, Share, Growth and Trends, Forecast 2024-2031

Endovascular Aneurysm Repair Market is estimated to reach at a CAGR of 4.6% during the forecast period (2024-2031).

An aortic aneurysm occurs when the aorta, the body's main artery, becomes enlarged, which can lead to serious complications. If an aortic aneurysm ruptures, it can cause severe abdominal pain, low blood pressure, loss of consciousness, and even death.

Endovascular Aneurysm Repair (EVAR) is a minimally invasive surgical procedure used to treat abdominal and thoracic aortic aneurysms. This procedure involves the insertion of a stent graft within the aneurysm through small incisions in the groin, which helps reinforce the weakened section of the aorta. EVAR is a less invasive and quicker alternative to traditional open surgery for treating abdominal aortic aneurysms (AAA), offering patients a reduced recovery time and a lower risk of complications.

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Market Dynamics:

Innovative technologies in the endovascular treatment of abdominal aortic aneurysms are expected to drive market growth.

Polymer-based technology has emerged as a promising approach for treating Abdominal Aortic Aneurysms (AAA) using endovascular methods. Two distinct polymer-based platforms have been developed for clinical applications, showing significant potential in this field.

One such platform uses a polymer device to create a circumferential seal around the aneurysm, which has demonstrated both safety and effectiveness in clinical settings. By adapting the O-ring to the aortic wall, this technology provides a customized seal that remains stable over time, minimizing the risk of neck dilatation. Unlike traditional metallic stent frames, this polymer-based platform relies on polymer channels to support the fabric, resulting in a lower profile device. This innovation could expand the applicability of minimally invasive EVAR (Endovascular Aneurysm Repair) treatments to a broader patient population.

The impact of this polymer-based technology on EVAR procedures has been significant, representing a major advancement in the field. As a result, the market for such technologies is expected to experience considerable growth in the forecast period.

Segment Covered in the Endovascular Aneurysm Repair Market:

By Product Type: Fenestrated EVAR, Adjunctive Stent Graft, Branched Stent Graft, Others.

By Indication: Abdominal Aortic Aneurysm (AAA), Thoracic Aortic Aneurysm (TAA), Thoracoabdominal Aortic Aneurysm (TAAA), Others.

By Age: Pediatric, Adult, Geriatric.

By End-User: Hospital, Ambulatory Surgery Centers, Clinics, Others.

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Key players involved in Endovascular Aneurysm Repair Market:

• Cardinal Health.
• Lombard Medical Limited.
• Endologix Inc.
• Terumo Corporation.
• MicroPort Scientific Corporation.
• JOTEC GmbH.
• W. L. Gore & Associates, Inc.
• Cook Group Incorporated.
• Medtronic plc.

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Product Portfolio:

Medtronic plc

Medtronic plc is a prominent American-Irish registered medical device company with a strong presence in the United States. The company's operational and executive headquarters are located in Fridley, Minnesota. Medtronic specializes in the development and manufacturing of devices and therapies designed to treat more than 30 chronic diseases. These include conditions such as heart failure, Parkinson's disease, urinary incontinence, Down syndrome, obesity, chronic pain, spinal disorders, and diabetes.

Medtronic operates in 140 countries and employs over 104,950 people, making it one of the largest and most influential companies in the global medical device industry.

Regional Analysis:

The global Endovascular Aneurysm Repair Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Endovascular Aneurysm Repair Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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