Abdominal Aortic Aneurysm (AAA) Repair Devices Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
The escalating occurrence of abdominal aortic aneurysms is anticipated to boost the progression of the abdominal aortic aneurysm repair devices market. When a part of the aortic wall becomes weak, the condition is referred to as an abdominal aortic aneurysm. Due to the high blood flow, pressure is exerted on this weak spot, causing it to bulge outward, forming an aneurysm. Abdominal aortic aneurysm repair devices, known as stent grafts, support the aorta’s most fragile part by expanding and inserting via a small groin incision, hence preventing its rupture. A report from Penn Medicine Lancaster General Health, a U.S.-based non-profit health care system with an extensive care network, revealed in August 2022 that approximately 200,000 individuals are diagnosed with an abdominal aortic aneurysm each year in the U.S. Thus, the escalating events of abdominal aortic aneurysms are fuelling the expansion of the abdominal aortic aneurysm repair devices market.
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What is the Predicted Annual Growth Rate of theAbdominal Aortic Aneurysm (AAA) Repair Devices Market Impact Industry Trends by 2034?
In recent times, there has been a robust expansion in the market size for abdominal aortic aneurysm (AAA) repair devices. The market is predicted to flourish from $2.45 billion in 2024, swelling to $2.58 billion in 2025 with a compound annual growth rate (CAGR) on the horizon of 5.1%. Factors contributing to this growth during the historical period include advances in surgical procedures, the rising elderly population, increased access to healthcare, research and development initiatives, as well as the expertise and training of surgeons.
The market for devices used in the repair of abdominal aortic aneurysms (AAA) is anticipated to experience pronounced growth in the upcoming years. The market is forecasted to expand to “$3.45 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth during the forecast period include increased awareness and education, a demand for more affordable solutions, regulatory developments, higher healthcare spending, and advancements in endovascular techniques. Notable trends for the forecast period encompass less invasive procedures, improvements in endovascular surgery, an increasing occurrence of AAA, changes in the regulatory landscape, and a focus on patient-oriented care.
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What Are the Key Market Innovations in theAbdominal Aortic Aneurysm (AAA) Repair Devices Market Over the Coming Years?
A key trend gaining momentum in the abdominal aortic aneurysm repair devices market is technological advancements. To maintain their market position, companies in this market are embracing new technologies. For instance, a US-based medical device company, Cook-Medical LLC., in September 2024, crafted a customized fenestrated graft for the frozen elephant trunk (FET) aortic procedure. This graft, uniquely designed to suit the distinct structure of each patient’s blood vessels, proves especially beneficial in intricate vascular surgeries. Utilized to mend damaged or diseased sections of large arteries such as the aorta, the graft provides crucial support. Custom-made to each patient’s requirements, these grafts make the procedure more minimally invasive, accurate, and effective, thereby diminishing the risk of complications and eliminating the necessity for additional surgeries.
Who Are the Top Companies Driving Innovation and Growth in theAbdominal Aortic Aneurysm (AAA) Repair Devices Market?
Major companies operating in the abdominal aortic aneurysm (AAA) repair devices market include Cardinal Health Inc., Cook Medical LLC, Endologix Inc., Lombard Medical Inc., Medtronic plc, Terumo Corporation, C. R. Bard, Jotec GmbH, Gore Medical, Abbott Laboratories, LivaNova plc, Boston Scientific Corporation, Koninklijke Philips N.V., MicroPort Scientific Corporation LLC, Lifetech Scientific (Shenzhen) Co. Ltd., Hangzhou Endonom Medtech Co. Ltd., Latecba SA, Nectero Medical, Beijing Jinyu Medical Device Co. Ltd., Beijing Endoncare Medical Devices Co. Ltd., Shanghai MicroPort Endovascular Medical Devices Co. Ltd., Lepu Medical Technology Co. Ltd., Beijing Advanced Cardiovascular Technologies Co. Ltd., CryoLife Inc., Baxter International Inc., Edwards Lifesciences Corporation, B. Braun Melsungen AG, Getinge AB
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Which Key Market Segments Comprise the Abdominal Aortic Aneurysm (AAA) Repair Devices Market and Drive Its Revenue Growth?
The abdominal aortic aneurysm (AAA) repair devices market covered in this report is segmented –
1) By Product Type: Endovascular Stent Graft System, Synthetic Graft System
2) By Site: Infrarenal AAA, Pararenal AAA
3) By Application: Traditional Anatomy, Complex Anatomy
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Endovascular Stent Graft System: Bifurcated Stent Graft, Aorto-Uni-Iliac Stent Graft
2) By Synthetic Graft System: Woven Synthetic Graft, Knitted Synthetic Graft
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Which Regions Are Emerging as Leaders in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
North America was the largest region in the abdominal aortic aneurysm (AAA) repair devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global abdominal aortic aneurysm (AAA) repair devices market report during the forecast period. The regions covered in the abdominal aortic aneurysm (AAA) repair devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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