Aortic Aneurysm Repair Devices Market to Witness Huge Growth by 2031 - Medtronic Plc, Boston Scientific & Lombard Medical.

The aortic aneurysm repair devices market was valued at USD 2.54 billion in 2023 and is projected to reach USD 4.10 billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.

Aortic aneurysm repair devices are medical tools designed to treat aortic aneurysms, which are abnormal bulges or ballooning in the wall of the aorta, the body's largest artery. These aneurysms are classified into two main types: abdominal aortic aneurysms (AAAs) and thoracic aortic aneurysms (TAAs), depending on their location along the aorta. Aortic aneurysms carry a significant risk of rupture, which can cause severe internal bleeding and potentially lead to fatal consequences.

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Market Trends:

Increasing incidence of aortic aneurysms

The growing prevalence of risk factors such as an aging population, hypertension, smoking, and atherosclerosis is contributing to the rising incidence of aortic aneurysms. This increase in diagnoses drives the demand for treatment options, including repair devices. According to a 2022 article published in the National Library of Medicine, aortic aneurysms are often asymptomatic but can lead to sudden death due to rupture, causing an estimated 150,000 to 200,000 deaths annually worldwide. As there are currently no effective drugs to prevent the growth or rupture of aortic aneurysms, surgical or endovascular repair remains the primary treatment option.

Additionally, there is a growing preference for minimally invasive procedures over traditional open surgeries among both patients and physicians. Techniques like endovascular repair, which offer shorter recovery times, reduced hospital stays, and lower complication rates, are driving demand for aortic aneurysm repair devices designed for these procedures.

Segment Covered in the Aortic Aneurysm Repair Devices Market:

By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA).
By Equipment: Stent Grafts, Catheters, Others.

By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR).

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

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Major Key players involved in Aortic Aneurysm Repair Devices Market:

• Medtronic Plc
• Cook Medical
• Boston Scientific
• Endologix LLC
• Braile Biomedica
• Artivion, Inc
• Cardinal Health
• Lombard Medical
• Terumo Corporation
• Gore

Regional Analysis:

The global Light Therapy Device Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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