Press release
Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Outlook Projected to Surpass $3.45 Billion by 2029 with 8% Annual Growth
Abdominal Aortic Aneurysm (AAA) Repair Devices Market Outlook
The increase in instances of abdominal aortic aneurysms is anticipated to drive the expansion of the abdominal aortic aneurysm repair devices market. The issue of abdominal aortic aneurysm occurs when a part of the aorta wall becomes weak and the high blood volume passing through creates pressure, making it bulge and form an aneurysm. Devices used to rectify this issue, known as stent grafts, are placed into the aorta through a minor incision in the groin and then expanded to reinforce the flimsiest part of the aorta, preventing it from bursting. For example, a report issued by Penn Medicine Lancaster General Health, a comprehensive not-for-profit health system based in the US, in August 2022 stated roughly 200,000 individuals in the US are diagnosed with an abdominal aortic aneurysm (AAA) every year. As a result, the rising prevalence of abdominal aortic aneurysms is bolstering the development of the abdominal aortic aneurysm repair devices market.
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How will the growth rate of the abdominal aortic aneurysm (aaa) repair devices market shape industry trends by 2034?
The market for abdominal aortic aneurysm (AAA) repair devices has seen significant growth in recent years. The market size, which stands at $2.45 billion in 2024, is projected to reach $2.58 billion in 2025, showing a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this growth during the historic period include advancements in surgical techniques, an increase in the aging population, better access to healthcare, R&D initiatives, and the expertise and training of surgeons.
In the coming years, the market for abdominal aortic aneurysm (AAA) repair devices is projected to experience significant expansion. The market value is forecasted to reach "$3.45 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.6%. The predicted growth in this period can be linked to increasing awareness and education, demand for affordable solutions, evolving regulations, escalating healthcare spending, and progress in endovascular technology. Key trends to watch for during this forecast period include the growth of minimally invasive procedures, advancements in endovascular surgery, increased frequency of AAA, changes to the regulatory framework, and a focus on patient-centered care.
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What trends are poised to drive the future success of the abdominal aortic aneurysm (aaa) repair devices market?
Advancements in technology are becoming a predominant trend in the abdominal aortic aneurysm repair devices market. Firms in this market are leveraging the latest technologies to maintain their market standing. For example, Cook-Medical LLC., a medical device firm from the US, unveiled a specialized fenestrated graft for the frozen elephant trunk (FET) aortic procedure in September 2024. This graft has been precisely designed to match a patient's unique blood vessel structure, proving to be particularly effective in complex vascular operations. It is employed to mend damaged or diseased parts of large arteries, such as the aorta, by providing the necessary reinforcement. Crafted to cater to the needs of individual patients, these grafts facilitate more accurate, minimally invasive, and effective procedures. This not only reduces the possibility of complications but also limits the requirement for additional surgeries.
Which primary segments of the abdominal aortic aneurysm (aaa) repair devices market are driving growth and industry transformations?
The abdominal aortic aneurysm (AAA) repair devices market covered in this report is segmented -
1) By Product Type: Endovascular Stent Graft System, Synthetic Graft System
2) By Site: Infrarenal AAA, Pararenal AAA
3) By Application: Traditional Anatomy, Complex Anatomy
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Endovascular Stent Graft System: Bifurcated Stent Graft, Aorto-Uni-Iliac Stent Graft
2) By Synthetic Graft System: Woven Synthetic Graft, Knitted Synthetic Graft
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Which geographical regions are pioneering growth in the abdominal aortic aneurysm (aaa) repair devices market?
North America was the largest region in the abdominal aortic aneurysm (AAA) repair devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global abdominal aortic aneurysm (AAA) repair devices market report during the forecast period. The regions covered in the abdominal aortic aneurysm (AAA) repair devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the abdominal aortic aneurysm (aaa) repair devices market landscape?
Major companies operating in the abdominal aortic aneurysm (AAA) repair devices market include 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, 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
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What Is Covered In The Abdominal Aortic Aneurysm (AAA) Repair Devices Global Market Report?
• Market Size Forecast: Examine the abdominal aortic aneurysm (aaa) repair devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the abdominal aortic aneurysm (aaa) repair devices market for a structured understanding.
• Key Players Overview: Analyze major players in the abdominal aortic aneurysm (aaa) repair devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the abdominal aortic aneurysm (aaa) repair devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the abdominal aortic aneurysm (aaa) repair devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the abdominal aortic aneurysm (aaa) repair devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the abdominal aortic aneurysm (aaa) repair devices market.
• Competitive Landscape: Review strategic developments in the abdominal aortic aneurysm (aaa) repair devices market, including expansions, agreements, and new product launches.
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