The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s abdominal aortic aneurysm AAA repair devices market report forecasts the abdominal aortic aneurysm AAA repair devices market size to grow to $3.00 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Abdominal Aortic Aneurysm AAA Repair Devices Market Size Forecast
The global abdominal aortic aneurysm AAA repair devices market is expected to grow from $2.26 billion in 2022 to $2.38 billion in 2023 at a compound annual growth rate (CAGR) of 5.52%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global abdominal aortic aneurysm (AAA) repair devices market size is expected to reach $3.00 billion in 2027 at a CAGR of 5.89%.

North America held the largest abdominal aortic aneurysm AAA repair devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Abdominal Aortic Aneurysm AAA Repair Devices Market Driver ­– Growth In The Incidence Of Abdominal Aortic Aneurysms
According to a report issued in August 2022 by Penn Medicine Lancaster General Health, a US-based not-for-profit health system with a comprehensive network of care, around 200,000 persons in the US are diagnosed with an abdominal aortic aneurysm (AAA) each year. Furthermore, the European Society of Cardiology, a non-governmental professional association for cardiology based in the United Kingdom, estimated over 200,000 fatalities per year worldwide that are associated with aortic abdominal aneurysms (AAA), which are more common in men than in women. It is more common in men than in women as they get older. As a result, the rising prevalence of abdominal aortic aneurysms is propelling the abdominal aortic aneurysm repair devices market ahead.

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Key Abdominal Aortic Aneurysm AAA Repair Devices Market Trend – Technological Improvements
Companies in the abdominal aortic aneurysm repair devices market are embracing new technology in order to maintain their market position. For example, Gore-Medical, a US-based firm that manufactures medical devices used by healthcare professionals, launched Excluder Conformable AAA Endoprosthesis With Active Control System in March 2021. The device has improved device positioning, a conformable stent graft, and an optional angulation control. Because of the delivery system’s angulation control, interventionists can angle the device to achieve orthogonal placement to the aortic blood flow channel, maximising conformability and closure.

Abdominal Aortic Aneurysm AAA Repair Devices Market Segment
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

Abdominal Aortic Aneurysm AAA Repair Devices Market Major Players and Strategies
Major players in the abdominal aortic aneurysm Cardiatis S.A, Cardinal Health Inc., Cook Medical Inc., Endologix Inc., Lombard Medical Inc., Medtronic PLC., Terumo Corporation, W.L Gore and Associates Inc., C. R. Bard, Jotec Gmbh, Gore Medical, Abbott Laboratories, LivaNova PLC., Boston Scientific Corporation and Koninklijke Philips N.V.

Endologix LLC, a California-based firm that manufactures minimally invasive devices, bought PQ Bypass, Inc. for an unknown sum in April 2021. Endologix’s acquisition of PQ Bypass will position the company as a leader in the treatment of abdominal aortic aneurysms while also championing revolutionary technologies for the treatment of vascular illness. PQ Bypass is a company established in the United States that manufactures medical equipment such as stenting of the superficial femoral artery.

The Abdominal Aortic Aneurysm AAA Repair Devices Global Market Report 2023 covers regional data on abdominal aortic aneurysm AAA repair devices market size, abdominal aortic aneurysm AAA repair devices market trends and drivers, opportunities, strategies, and abdominal aortic aneurysm AAA repair devices market competitor analysis. The countries covered in the abdominal aortic aneurysm AAA repair devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

An abdominal aortic aneurysm repair device is a medical device used to treat an aneurysm, which occurs when a section of the aorta wall weakens and the high volume of blood flowing through it exerts pressure on the weak point, causing it to expand outwards and form an aneurysm. These devices (stent grafts) are inserted through a small groyne incision and extend to support the aorta’s weakest section, preventing it from rupturing.

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