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A Phenomenal Rise in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market: Decoding Market Size, Growth Rate, Key Drivers, and Trends
A Phenomenal Rise in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market
Discover the profound impact of surgical technique evolution and increasing healthcare expenditure on the growth trajectory of the AAA repair devices market.
What Is The Projected Market Size Of The Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market And Its Growth Rate?
• The current AAA repair devices market size stands at $2.45 billion as of 2024.
• Strong growth is expected to push the market up to $2.58 billion in 2025, at a CAGR of 5.1%.
• Key contributors to this historic period growth include surgical technique evolution, the aging population, healthcare accessibility, research and development, and surgeon expertise and training.
• The market size is expected to further grow robustly to $3.45 billion in 2029, at a CAGR of 7.6%
• Major factors contributing to this forecast period growth include growing awareness and education, demand for cost-effective solutions, regulatory landscape, increasing healthcare expenditure, and advancements in endovascular.
What Is Driving The Growth In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
The surge in abdominal aortic aneurysms is a principal factor propelling the growth of the abdominal aortic aneurysm (AAA) repair devices market. AAA is a condition where a section of the aorta wall weakens, and the blood volume flowing through it exerts pressure on the weak point, causing it to expand outwards and form an aneurysm. AAA repair devices, particularly stent grafts, are used to treat these aneurysms by inserting into the aorta with a small groin incision and expanding to prevent it from rupturing. For instance, according to Penn Medicine Lancaster General Health, a comprehensive US-based health system network, around 200,000 people are diagnosed with AAA each year in the US.
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Who Are the Key Players Driving Abdominal Aortic Aneurysm (AAA) Repair Devices Market Growth?
• Cardinal Health Inc.
• Cook Medical LLC
• Endologix Inc.
• Lombard Medical Inc.
• Medtronic plc
• Terumo Corporation
• C. R. Bard
• Jotec GmbH
• Gore Medical
• Abbott Laboratories
• LivaNova plc
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• MicroPort Scientific Corporation LLC
What Are The Key Trends In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
• Minimally invasive procedures
• Advancements in endovascular surgery
• Rising incidence of AAA
• Changes in the regulatory framework
• Patient-centered care
What Are The Segments Of The Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
• Product Type: Endovascular Stent Graft System, Synthetic Graft System
• Site: Infrarenal AAA, Pararenal AAA
• Application: Traditional Anatomy, Complex Anatomy
• End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Which Region Leads The Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
North America represented the most significant share in the AAA repair devices market in 2024. Rapid growth is expected from Asia-Pacific during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market Global Market Report?
- Market Size Analysis: Analyze the Abdominal Aortic Aneurysm (AAA) Repair Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Abdominal Aortic Aneurysm (AAA) Repair Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Abdominal Aortic Aneurysm (AAA) Repair Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Abdominal Aortic Aneurysm (AAA) Repair Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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