Endovascular Abdominal Aortic Aneurysm Repair Devices Market Sees Strong Demand Fueled by Aging Population and Preference for Minimally Invasive Procedures

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 for the treatment of abdominal aortic aneurysms (AAA) have significantly advanced clinical practice by providing a minimally invasive alternative to traditional open surgical repair. These systems typically comprise a fabric graft supported by a metallic stent structure, which is positioned within the aneurysmal region to redirect blood flow and reduce pressure on the compromised arterial wall, thereby lowering the risk of rupture. Rising global prevalence of abdominal aortic aneurysms, combined with continuous enhancements in endovascular procedures, is a key factor driving market growth.

Endovascular aneurysm repair (EVAR) has become the preferred intervention method owing to its notable advantages over open surgery, including shorter hospital stays, faster patient recovery, and improved overall clinical outcomes. Consequently, EVAR is increasingly recognized as the standard therapeutic approach for AAA management. The growing demand for minimally invasive treatment options is also stimulating ongoing innovation in device engineering, particularly in catheter systems and stent-graft technologies, which are continually evolving to enhance procedural safety, reliability, 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 projected to experience strong growth, largely driven by the rising prevalence of AAA and continued advancements in endovascular treatment technologies. Demographic trends-particularly the aging population-along with lifestyle-related risk factors such as unhealthy dietary patterns and increasing obesity rates, are expanding the pool of patients requiring intervention.

Growing awareness of AAA and broader access to minimally invasive therapeutic options are further enhancing market adoption. Additionally, emerging economies are demonstrating a notable increase in the utilization of endovascular approaches, creating attractive expansion opportunities for manufacturers. Industry leaders are intensifying their focus on innovation and product development to expand their global presence and capture new market segments.

Challenges:
Despite its favorable growth trajectory, the market faces several critical challenges. Stringent regulatory requirements and lengthy device approval processes can delay market entry and escalate development costs. High upfront expenses associated with endovascular AAA repair also pose a barrier, particularly in budget-constrained healthcare systems. The procedure's reliance on highly specialized clinical expertise presents additional obstacles in regions with limited healthcare capabilities.

Moreover, advancements in open surgical repair and ongoing pressure to manage procedural costs influence purchasing decisions. Long-term safety, durability concerns, and the need for continued clinical validation require sustained investment and can add complexity to product development and commercialization.

Regional Trends:
North America is expected to maintain a dominant position in the global endovascular AAA repair device market, supported by a sizable aging population, advanced healthcare infrastructure, and significant research and development investments. The region's strong reimbursement ecosystem and early adoption of innovative medical technologies further reinforce its leadership. Europe also represents a substantial market, driven by mature healthcare systems, increasing procedural adoption, and strategic initiatives by key industry stakeholders. In contrast, the Asia-Pacific region offers high-growth potential due to rapid urbanization, expanding healthcare access, rising disease burden, and growing interest from global manufacturers pursuing regional partnerships and innovation-led expansion strategies.

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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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This release was published on openPR.