What’s Driving Growth in the Endovascular Aneurysm Repair Devices Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Endovascular Aneurysm Repair Devices Market, and What Factors Will Drive It?
In recent years, the market size for endovascular aneurysm repair devices has seen significant growth. The market is projected to rise from $2.43 billion in 2024 to $2.63 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The historical growth has been driven by factors such as improved patient outcomes due to EVAR procedures, increased precision and safety in EVAR technology, beneficial reimbursement policies, successful clinical trial outcomes, and regulatory authorizations.
The market for endovascular aneurysm repair devices is slated for significant expansion in the coming years. By 2029, the market is predicted to grow to a value of $3.56 billion, exhibiting a compound annual growth rate (CAGR) of 7.9%. This growth during the projected period can be linked to the increased demand for minimally invasive procedures, advancements in the manufacture of more secure and efficient devices, a shift from traditional surgeries to less invasive techniques, progress in imaging and diagnostic methods and improved surgical results. The period is also expected to witness trends such as progress in stent graft technology, better patient outcomes and shorter recovery durations, the incorporation of imaging and navigation systems in EVAR methods, the creation of hybrid EVAR devices and regulatory progress and authorizations for new EVAR devices.
How Are the key drivers expanding the growth of the Endovascular Aneurysm Repair Devices Market?
The surge in demand for surgery treatments that are minimally invasive is anticipated to accelerate the endovascular aneurysm repair devices market’s expansion. These treatments refer to medical interventions that require minimal cuts or body disruptions, using sophisticated tools and techniques. The increased demand for such procedures is fueled by factors like shortened recovery time, decreased risk of complications, smaller cuts causing less pain, and better precision and results. Endovascular Aneurysm Repair (EVAR) devices facilitate such non-intensive surgeries by strengthening blood vessel walls and redirecting blood flow, thus lowering the likelihood of an aneurysm rupture. For example, in January 2024, Intuitive Surgical Inc., a US-based robotic products manufacturing company, announced that 415 da Vinci surgical systems (robotic surgical systems for non-intensive surgical approaches) had been installed in the fourth quarter of 2023, marking a 12% increase from 2022. Consequently, the rising number of non-intensive surgeries is propelling the growth of the endovascular aneurysm repair devices market.
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Who Are the Top Companies Contributing to the Growth of the Endovascular Aneurysm Repair Devices Market?
Major companies operating in the endovascular aneurysm repair devices market are:
• Cardinal Health Inc._x000D_
• Johnson & Johnson_x000D_
• Abbott Laboratories_x000D_
• Medtronic Plc_x000D_
• Royal Philips_x000D_
How Are Technological Trends Affecting the Growth and Development of the Endovascular Aneurysm Repair Devices Market?
Leading organizations in the endovascular aneurysm repair devices market are oriented towards the creation of novel solutions like abdominal stent-graft systems. These advancements are aimed at promoting better patient results by enhancing elements such as device longevity, procedure success, and simplified deployment. Abdominal stent-graft systems serve as medical devices in endovascular aneurysm repair (EVAR) procedures as a treatment method for abdominal aortic aneurysms (AAA). For example, in August 2024, medical technology firm Terumo India unveiled the TREO Abdominal Stent-Graft System. This advanced solution was designed for treating adults with fitting anatomies suffering from abdominal aortic aneurysms (AAAs). The system has a unique design consisting of three parts, inclusive of both suprarenal and infrarenal active fixation aspects, to increase stability and effectiveness during EVAR procedures. Key features of this new approach include in situ limb adjustability for exact deployment, enhanced proximal sealing to eliminate leaks and superior lock stent technology to reduce migration risks.
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Which Segments of the Endovascular Aneurysm Repair Devices Market Hold the Most Potential for Future Development?
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
What Are the Key Regions Powering Growth 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.
What Defines the Scope of the Endovascular Aneurysm Repair Devices Market?
Endovascular aneurysm repair (EVAR) devices are advanced medical tools designed for the minimally invasive treatment of aneurysms, particularly in the aorta. An aneurysm occurs when a section of a blood vessel wall weakens and bulges outward, posing a risk of rupture. EVAR devices aim to prevent rupture by reinforcing the blood vessel and redirecting blood flow away from the weakened area.
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