Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market
Medical Equipment

Abdominal Aortic Aneurysm (AAA) Repair Devices Industry Valued at $3.45 Billion by 2029 With CAGR of 7.6% | Size and Share Insights

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What Is the Forecast for the Abdominal Aortic Aneurysm (AAA) Repair Devices Market from 2024 to 2025?

The market for abdominal aortic aneurysm (AAA) repair devices has seen significant growth in recent years. It is predicted to expand from $2.45 billion in 2024 to $2.58 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The surge observed in the past years can be credited to advancements in surgical methods, an aging demographic, improved healthcare availability, investment in research and development, as well as increased expertise and training of surgeons.

What Is the Projected Market Size of the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?

It is anticipated that the market size for abdominal aortic aneurysm (AAA) repair devices will witness considerable growth in the coming years. The forecast suggests that the market will expand to “$3.45 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. Various factors, including enhanced awareness and education, demand for affordable solutions, evolutions in the regulatory landscape, increased healthcare spending, and progress in endovascular technology, contribute to the growth envisaged for this period. The future predictions also highlight the prevalence of minimal invasive procedures, advancements in endovascular surgery, an increased number of AAA cases, changes in regulations, and the shift towards patient-centered healthcare as defining trends.

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Who are the Major Competitors in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market Outlook?

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

What Is Fueling Growth in the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?

The rising occurrence of abdominal aortic aneurysms is predicted to spur the expansion of the abdominal aortic aneurysm repair devices market. An abdominal aortic aneurysm is a condition where a section of the aorta wall becomes weak and the large amount of blood passing through exerts pressure on this weak spot, leading it to bulge outwards and create an aneurysm. Abdominal aortic aneurysm repair devices, also known as stent grafts, are employed to treat abdominal aortic aneurysms. These are inserted through a small incision in the groin and then expand to support the weakest area of the aorta, thus preventing it from bursting. For example, a report from Penn Medicine Lancaster General Health, a US-based comprehensive healthcare organization, stated in August 2022 that nearly 200,000 individuals are diagnosed with an abdominal aortic aneurysm every year in the US. Therefore, this increasing prevalence of abdominal aortic aneurysms is fueling the expansion of the abdominal aortic aneurysm repair devices market.

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Which Abdominal Aortic Aneurysm (AAA) Repair Devices Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?

Emerging advancements in technology are becoming a prominent trend in the abdominal aortic aneurysm repair devices market. Firms in this sector are utilizing innovative technologies to maintain their competitiveness. For instance, Cook-Medical LLC, a medical device firm based in the U.S., formulated a personalized fenestrated graft for the frozen elephant trunk (FET) aortic process in September 2024. This product is specifically tailored to fit a patient’s distinctive blood vessel structure, making it particularly beneficial for complicated vascular procedures. This graft helps repair defective or diseased parts of large arteries such as the aorta by offering necessary support. Tailored to a patient’s specific needs, these grafts facilitate less invasive, more precise, and effective operations, thus reducing the chances of complications and subsequent surgeries.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the abdominal aortic aneurysm (aaa) repair devices market, and how is it changing globally?

2. Who are the major companies in the abdominal aortic aneurysm (aaa) repair devices market, and how are they performing?

3. What are the key opportunities and risks in the abdominal aortic aneurysm (aaa) repair devices market right now?

4. Which products or customer segments are growing the most in the abdominal aortic aneurysm (aaa) repair devices market?

5. What factors are helping or slowing down the growth of the abdominal aortic aneurysm (aaa) repair devices market?

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