Endovascular Abdominal Aortic Aneurysm Repair Devices Market Registers Consistent Growth on the Back of Evolving Endovascular Technologies

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 treatment of abdominal aortic aneurysms (AAA) have revolutionized clinical approaches by offering a minimally invasive alternative to conventional open surgery. These devices typically consist of a fabric-based graft supported by a metallic stent framework, which is deployed within the aneurysmal segment of the aorta to redirect blood flow and relieve pressure on the weakened vessel wall, thereby mitigating the risk of rupture. The increasing incidence of abdominal aortic aneurysms, along with continual improvements in endovascular techniques, is a major driver of market expansion.

Endovascular aneurysm repair (EVAR) has emerged as the preferred therapeutic modality due to its substantial benefits over open surgical procedures. These advantages include reduced hospitalization periods, accelerated patient recovery, and enhanced clinical outcomes. As a result, EVAR is now widely regarded as the standard of care for AAA management. The heightened demand for less invasive treatment solutions is further fueling innovation in device design, particularly in catheter technology and stent-graft systems, which continue to improve procedural safety and therapeutic efficacy.

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 expected to witness substantial growth, primarily fueled by the rising incidence of abdominal aortic aneurysms and ongoing technological advancements in endovascular treatment methods. Demographic shifts, including an aging global population, coupled with lifestyle-related risk factors such as poor dietary habits and increasing obesity rates, are key contributors to the growing patient pool. Enhanced awareness of AAA and broader availability of minimally invasive treatment options are further supporting market expansion. Additionally, emerging markets are experiencing a surge in the adoption of endovascular solutions, presenting lucrative growth opportunities for device manufacturers. Market leaders are increasingly focusing on technological innovation and product development to strengthen their global footprint.

Challenges:
Despite strong growth potential, the market faces several notable challenges. Regulatory hurdles and complex approval procedures for medical devices can delay product launches and increase development costs. Furthermore, the high initial investment required for endovascular AAA repair limits access, particularly in cost-sensitive healthcare systems. The deployment and post-operative management of these devices require specialized clinical expertise, posing an additional barrier in regions with limited medical infrastructure. Competitive pressure from advancements in open surgical techniques and cost-effectiveness considerations also influence purchasing decisions. Additionally, long-term concerns regarding the durability and safety of devices necessitate continued investment in clinical validation and product refinement, adding to operational complexity.

Regional Trends:
North America is anticipated to retain a leading position in the endovascular AAA repair device market, driven by a large aging population, robust healthcare infrastructure, and substantial investments in research and development. The region also benefits from early adoption of advanced medical technologies and strong reimbursement frameworks. Europe holds a considerable market share as well, supported by well-established healthcare systems, increasing procedural volumes, and the introduction of strategic initiatives by leading industry participants. Meanwhile, the Asia-Pacific region presents promising growth opportunities, fueled by rapid urbanization, improving healthcare access, and heightened interest from global market players seeking to expand their presence through partnerships and regional innovation initiatives.

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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

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This release was published on openPR.