Understanding the Abdominal Aortic Aneurysm (AAA) Repair Devices Market’s Growth Prospects from 2024 to 2033
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2024-2033 Forecast: What is the Projected Growth Rate for the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
In recent times, there has been robust growth in the size of the abdominal aortic aneurysm (aaa) repair devices market. The market’s projection is set to rise from $2.38 billion in 2023 to $2.52 billion in 2024, at a compound annual growth rate (CAGR) of 5.8%. Factors contributing to such growth during the historical period include advancements in surgical methods, an older demographic, improved access to healthcare, research and development initiatives, as well as the expertise and training of surgeons.
The market size for abdominal aortic aneurysm (AAA) repair devices is forecasted to experience substantial growth in the coming years. The market worth is anticipated to reach $3.22 billion by 2028, with a compound annual growth rate (CAGR) of 6.3%. Several factors are contributing to this forecasted growth, including increased awareness and education, the pursuit of cost-effective alternatives, changes in the regulatory environment, escalating healthcare expenses, and the ongoing advancements in endovascular. Significant trends for the forecast period involve minimally invasive procedures, progress in endovascular surgery, a climbing number of AAA cases, alterations in the regulatory structure, and a shift towards patient-centered care.
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What Are the Main Drivers Behind the Growth of the abdominal aortic aneurysm (aaa) repair devices Market?
Abdominal aortic aneurysms are becoming more common, which should drive the market for abdominal aortic aneurysm repair devices (stent grafts). These are inserted into the aorta via a small incision in the groin and enlarged to shore up the weak area of the aorta, preventing a blow-out. Abdominal aortic aneurysms are a condition caused by the weakening of a section of the aorta’s wall, with the high blood volume causing it to balloon out at this weak point, creating the aneurysm. According to Penn Medicine Lancaster General Health, a non-profit health organization in the US, approximately 200,000 individuals are diagnosed with this condition annually. Because of this, the demand and subsequent growth for abdominal aortic aneurysm repair devices market have increased.
What Are the Primary Segments of the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
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
Which Trends Are Revolutionizing the Abdominal Aortic Aneurysm (AAA) Repair Devices Market?
Prominent advancements in technology have become one of the significant trends in the abdominal aortic aneurysm repair devices market. To remain competitive, firms in this market are integrating innovative technologies. For instance, in March 2021, Gore-Medical, an American medical device manufacturing firm, introduced its Excluder Conformable AAA Endoprosthesis With Active Control System. This new device integrates advanced device positioning, a conformable stent graft, and adjustable angulation controls. This feature grants interventionalists the flexibility to angle the device to attain a perpendicular alignment with the aortic bloodstream lumen, enhancing conformability, and seal due to the tool’s angulation control.
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Which Geographical Regions Are Pioneering Growth 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 2023. 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
The Abdominal Aortic Aneurysm (AAA) Repair Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the abdominal aortic aneurysm (aaa) repair devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Abdominal Aortic Aneurysm (AAA) Repair Devices Market Include
1. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Executive Summary
2. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Segments
3. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Size And Template Market Growth Rate
4. Key Abdominal Aortic Aneurysm (AAA) Repair Devices Market Trends
5. Major Abdominal Aortic Aneurysm (AAA) Repair Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Abdominal Aortic Aneurysm (AAA) Repair Devices Market
26. Top Abdominal Aortic Aneurysm (AAA) Repair Devices Companies
27. Abdominal Aortic Aneurysm (AAA) Repair Devices Market Opportunities And Strategies
28. Abdominal Aortic Aneurysm (AAA) Repair Devices Market, Conclusions And Recommendations
29. Appendix
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