Abdominal Aortic Aneurysm (AAA) Repair Devices Market 2024 - By Share, Top Companies, Revenue Outlook And Growth Forecast By 2033

The Business Research Company recently released a comprehensive report on the Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Abdominal Aortic Aneurysm (AAA) Repair Devices Market 2024 Key Insights:

• The abdominal aortic aneurysm (aaa) repair devices market will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Rising Incidence Of Abdominal Aortic Aneurysms Drives Growth In The Repair Devices Market
• Advancing Aortic Aneurysm Repair With Cutting-Edge Technologies
• North America was the largest region in the abdominal aortic aneurysm (AAA) repair devices market in 2023

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