How the Endovascular Aneurysm Repair Devices Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theEndovascular Aneurysm Repair Devices Market?
The increase in demand for minimally invasive surgical approaches is likely to stimulate the expansion of the endovascular aneurysm repair devices market in the future. These surgical methods involve minor incisions or disturbances to the body, utilizing specialized tools and techniques. Factors such as reduced healing time, lower likelihood of complications, smaller wounds which cause less pain, and enhanced precision and results are fueling the demand for these surgical practices. Endovascular Aneurysm Repair (EVAR) devices facilitate these minimally invasive procedures by reinforcing the walls of blood vessels and redirecting blood flow, hence minimizing the risk of aneurysm rupture. Take for example, Intuitive Surgical Inc., a robotic products manufacturer based in the US within January 2024 announced that they had installed 415 da Vinci surgical systems (robotic surgical systems designed for minimally invasive surgical purposes) in the last quarter of 2023, denoting a 12% rise in comparison to 2022. Consequently, the escalation in minimally invasive surgical procedures is propelling the expansion of the endovascular aneurysm repair devices market.
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How Will the Growth Rate of theEndovascular Aneurysm Repair Devices Market Impact Industry Trends by 2034?
In recent years, the market size for endovascular aneurysm repair devices has witnessed significant expansion. The market, which was at $2.43 billion in 2024, is projected to rise to $2.63 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.2%. The growth experienced in the preceding years is largely due to advancements in patient health post-EVAR procedures, greater accuracy and safety in EVAR technology, beneficial insurance reimbursement policies, encouraging results from clinical trials, and regulatory authorizations.
The market for endovascular aneurysm repair devices is projected to experience robust growth in the coming years, reaching a valuation of $3.56 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this include the increasing demand for less invasive procedures, the creation of safer and more efficient devices, a move from traditional surgery to less invasive procedures, progress in imaging and diagnostic methods, and improved surgical results. Key trends predicted for this period include advancements in stent graft technology, improved patient outcomes, decreased recuperation times, the integration of imaging and navigation technologies into EVAR procedures, the creation of hybrid EVAR devices, and regulatory progress and approvals for new EVAR devices.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theEndovascular Aneurysm Repair Devices Market?
Leading firms in the endovascular aneurysm repair devices market are concentrating their efforts on the creation of cutting-edge solutions like abdominal stent-graft systems. These advancements aim to boost patient outcomes by amplifying device longevity, success rates in procedures, and simplifying deployment. An abdominal stent-graft system is a type of medical equipment used in endovascular aneurysm repair procedures (EVAR), specifically for treating abdominal aortic aneurysms (AAA). For example, in August 2024, Terumo India, a medical tech firm based in India, introduced their TREO Abdominal Stent-Graft System. It showcases an innovative solution for adults with compatible anatomies to treat AAAs. The system has a unique three-piece design, combining both suprarenal and infrarenal active fixation abilities to bolster stability and efficiency during EVAR. Some of its notable features are in situ limb adjustability for accurate deployment, enhanced proximal sealing to ward off leaks, and an excellent lock stent technology to dramatically reduce the risk of migration.
Who Are the Key Market Players Influencing the Growth of the Corn and Endovascular Aneurysm Repair Devices Industry?
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
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Which Key Market Segments Comprise the Endovascular Aneurysm Repair Devices Market and Drive Its Revenue Growth?
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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Which Regions Are Emerging as Leaders 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.
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