Impact Of Growing Demand For Minimally Invasive Surgical Treatments On The Market: An Emerging Driver Transforming The Endovascular Aneurysm Repair Devices Market Landscape

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What Is the Projected Growth of the Endovascular Aneurysm Repair Devices Market?
The market for endovascular aneurysm repair (EVAR) devices has witnessed robust growth in past years. It is projected to escalate from $2.43 billion in 2024 to $2.63 billion in 2025, reflecting an annual compound growth rate (CAGR) of 8.2%. The growth observed in the historic period is due to better patient results with EVAR procedures, increased accuracy and safety in EVAR technology, advantageous reimbursement policies, encouraging clinical trial outcomes, and regulatory clearances.

The market size for endovascular aneurysm repair devices is projected to witness robust growth in the coming years, expanding to a valuation of $3.56 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. Factors fueling the predicted growth during the forecast period include the increasing demand for minimally invasive procedures, the creation of safer and more efficient devices, the transition towards minimally invasive practices away from open surgery, advancements in imaging and diagnostic tools, as well as enhanced surgical results. Notable trends during the forecast period are improvements in stent graft technology, better patient outcomes and shorter recovery periods, integration of imaging and navigational systems into EVAR techniques, the inception of hybrid EVAR devices, along with regulatory progress and approvals for new EVAR devices.

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What Are the Different Endovascular Aneurysm Repair Devices Market Segments?
The endovascular aneurysm repair devices market covered in this report is segmented -

1) By Aneurysm Type: Abdominal Aortic Aneurysms (AAA), Thoracic Aortic Aneurysms (TAA), Peripheral Aneurysms
2) By Application: Endovascular Grafts, Stent-Grafts, Catheters, Delivery Systems, Imaging Systems
3) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics

Subsegments:
1) By Abdominal Aortic Aneurysms (AAA): Infrarenal AAA, Juxtarenal AAA, Pararenal AAA
2) By Thoracic Aortic Aneurysms (TAA): Ascending Aortic Aneurysms, Aortic Arch Aneurysms, Descending Aortic Aneurysms
3) By Peripheral Aneurysms: Femoral Aneurysms, Popliteal Aneurysms, Iliac Aneurysms, Renal Aneurysms

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What Are the Primary Drivers Shaping the Endovascular Aneurysm Repair Devices Market?
The surge in preferability for surgical treatments with minimal invasion is anticipated to fuel the growth trajectory of the endovascular aneurysm repair devices market. These medical procedures, known as minimally invasive surgical treatments, employ specialized tools and techniques and require limited incisions or body disruptions. The increased predilection for such surgeries stems from benefits like shortened recovery periods, minimal complications, minor incisions causing less pain, coupled with enhanced precision and results. Devices employed in Endovascular Aneurysm Repair (EVAR) facilitate such minimally disruptive surgeries by strengthening the walls of blood vessels and altering blood flow direction, thereby minimizing the chance of aneurysm rupture. To illustrate, Intuitive Surgical Inc., an American robotic products manufacturer, announced in January 2024 that it incorporated 415 da Vinci surgical systems-which employ minimally invasive surgical process-in the last quarter of 2023. This represents a 12% rise from 2022, signifying an escalation in minimally invasive surgeries and consequently, propelling the expansion of the endovascular aneurysm repair devices market.

Which Companies Are Leading in the Endovascular Aneurysm Repair Devices Market?
Major companies operating in the endovascular aneurysm repair devices market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Royal Philips, Boston Scientific, Terumo Corporation, Biotronik, L. Gore & Associates Inc., AorTech International, Teleflex Incorporated, Getinge AB, Cook Medical Group, Lombard Medical Technologies plc, Merit Medical Systems, Penumbra Inc., Volcano Corporation, Endologix Inc., Scranton Gillette Communications, Medico S.p.A

What Are the Major Trends Shaping the Acellular Dermal Matrices Market?
Leading enterprises in the endovascular aneurysm repair devices market are centering their strategies on the creation of inventive solutions, such as abdominal stent-graft systems, to optimize patient outcomes. This includes focusing on the longevity of the device, success rate of the procedure, and ease of implementation. The term abdominal stent-graft system pertains to a medical instrument used in endovascular aneurysm repair (EVAR) operations to manage abdominal aortic aneurysms (AAA). Terumo India, a renowned medical technology company in India, for example, introduced the TREO Abdominal Stent-Graft System in August 2024. This platform is an advanced solution for the management of abdominal aortic aneurysms (AAAs) in adults with suitable anatomy. It comprises a distinctive three-piece structure with suprarenal and infrarenal active fixation capabilities to increase stability and effectiveness during EVAR. It's key features are precise deployment due to in situ limb adjustability, enhanced proximal sealing to avoid leaks, and superior lock stent technology to reduce the risk of migration.

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What Are the Top Revenue-Generating Geographies in the Endovascular Aneurysm Repair Devices Market?
North America was the largest region in the endovascular aneurysm repair devices market in 2024. The regions covered in the endovascular aneurysm repair devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Endovascular Aneurysm Repair Devices Market?
2. What is the CAGR expected in the Endovascular Aneurysm Repair Devices Market?
3. What Are the Key Innovations Transforming the Endovascular Aneurysm Repair Devices Industry?
4. Which Region Is Leading the Endovascular Aneurysm Repair Devices Market?

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