Endovascular Abdominal Aortic Aneurysm Repair Devices Market Trends Focused on Innovations in Stent-Grafts and Synthetic Fabric Grafts Improving Patient Outcomes

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market - (By Product Type (Synthetic Fabric Graft, Stent-graft), By Age Group (Adult, Geriatric, Pediatric), By Material (Polymer, Metal), By Aortic Length (Above 50 mm, Above 100 mm, By End-User (Hospital, Ambulatory Surgical Centers (ASCs), Research Institutes, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market is valued at US$ 2.43 Bn in 2023, and it is expected to reach US$ 3.53 Bn by 2031, with a CAGR of 4.9% during the forecast period of 2024-2031.

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Endovascular devices used in the repair of abdominal aortic aneurysms (AAA) have significantly improved the treatment options for this condition, offering a safer and less invasive alternative to traditional open surgery for many patients. These devices primarily consist of a cylindrical structure made of fabric, supported by a metal framework known as a stent. The device is inserted into the aneurysm to create an alternative pathway for blood flow, effectively isolating the aneurysm from blood pressure and preventing its rupture.

The increasing prevalence of abdominal aortic aneurysms, combined with advancements in endovascular procedures, is driving robust market growth. Due to its advantages over open surgery, endovascular aneurysm repair (EVAR) has become the preferred treatment for aortic aneurysms. Key benefits of EVAR include shorter hospital stays, quicker recovery times, improved patient outcomes, and a non-surgical approach. Consequently, EVAR has become a standard intervention for abdominal aortic aneurysms, as it helps maintain blood pressure within the aneurysmal sac, thereby preventing rupture. The growing demand for minimally invasive treatments is propelling the need for innovative devices. Technological advancements in catheters and stent-grafts continue to enhance patient safety and therapeutic effectiveness.

List of Prominent Players in the Endovascular Abdominal Aortic Aneurysm Repair Devices Market:
• Terumo Medical Corporation
• Medtronic Plc
• Becton Dickinson and Company
• Koninklijke Philips N.V.
• Lombard Medical Inc.
• Endologix Inc.
• Abbott Laboratories
• Cardinal Health Inc.
• W. L. Gore & Associates Inc
• Boston Scientific Corporation
• Cook Group Incorporated
• Other Prominent Players

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Market Dynamics
Drivers:
The global market for endovascular abdominal aortic aneurysm (AAA) repair devices is poised for significant growth, driven by the increasing prevalence of abdominal aortic aneurysms and advancements in endovascular technology. Factors such as an aging population, a rise in the adoption of unhealthy lifestyles, and increasing obesity rates further contribute to the market's expansion. Additionally, growing awareness of the condition and the availability of advanced treatment options are further enhancing market prospects. The rising adoption of endovascular AAA repair devices in emerging economies also presents attractive business opportunities for market participants. Leading companies are focused on leveraging advanced technologies to develop new products, thereby expanding their global market presence.

Challenges:
The endovascular abdominal aortic aneurysm repair device market faces several challenges, including stringent regulatory approval processes, high upfront costs associated with devices and procedures, which limit accessibility, and the specialized training required by healthcare professionals for proper deployment and maintenance. Moreover, technological advancements and innovations in traditional surgical techniques present competitive pressures. Economic factors, such as reimbursement policies and healthcare budget constraints, also hinder market growth. Additionally, concerns regarding the long-term durability of devices and potential complications necessitate ongoing research and development to address safety and efficacy, adding further complexity to the market.

Regional Trends:
North America is expected to maintain a significant share of the endovascular abdominal aortic aneurysm repair device market, with a high projected growth rate. Contributing factors include a growing population, rapid urbanization, and increasing industrialization, alongside heightened research and development activities by leading market players. Europe holds a notable market share due to its developed economy and rising demand for products, driven by new strategies implemented by major players and an increase in EVAR procedures. Additionally, the involvement of key market companies and the growing trend of collaboration among leading players offer substantial opportunities for market expansion.

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Recent Developments
• In Jan 2023, Medtronic has initiated the first phase of a worldwide randomized trial to assess the long-term effectiveness of endovascular aneurysm repair. The ADVANCE Trial was a worldwide, post-market, forward-looking, interventional, multicenter, randomized research that recruited at least 550 participants at a maximum of 50 locations around the world.
• In Oct 2021, Terumo Aortic has received regulatory approval and has officially launched the Treo abdominal aortic stent transplant system in Japan. The Treo device has been authorized by the Japanese Pharmaceuticals & Medical Devices Agency for the treatment of individuals suffering from abdominal aortic aneurysms.

Segmentation of Endovascular Abdominal Aortic Aneurysm Repair Devices Market-
By Product Type-
• Synthetic Fabric Graft
• Stent-graft
By Age Group-
• Adult
• Geriatric
• Pediatric
By Material
• Polymer
• Metal
By Aortic Length
• Above 50 mm
• Above 100 mm
By End-User
• Hospital
• Ambulatory Surgical Centers (ASCs)
• Research Institutes
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/endovascular-abdominal-aortic-aneurysm-repair-devices-market/2400

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.