Endovascular Abdominal Aortic Aneurysm Repair Devices Market Size is valued at USD 2.43 Bn in 2023 and is predicted to reach USD 3.53 Bn by the year 2031 at a 4.9% CAGR during the forecast period for 2024-2031.
Endovascular abdominal aortic aneurysm (AAA) repair devices are minimally invasive tools designed to treat abdominal aortic aneurysms. These devices, primarily stent grafts, are inserted into the weakened section of the aorta via small incisions in the groin using catheters. The stent graft, a fabric tube supported by a metal mesh, reinforces the aortic wall, preventing the aneurysm from rupturing. The procedure is guided by advanced imaging techniques for precise placement. Favourable reimbursement policies and increasing healthcare expenditure in developing regions further propel market expansion. However, challenges like high treatment costs and limited access to advanced healthcare facilities may hinder market growth in some regions. Nonetheless, key players' strategic collaborations and product innovations are expected to sustain market growth.
The COVID-19 pandemic significantly impacted the Endovascular Abdominal Aortic Aneurysm Repair Devices Market. Elective procedures faced postponements due to healthcare facility prioritization for COVID-19 patients and reduced patient visits. Supply chain disruptions and logistical challenges hindered the availability of devices. However, increased adoption of telemedicine facilitated pre-operative consultations and post-operative care, partially mitigating the impact. Moreover, the market witnessed a gradual recovery with the resumption of elective surgeries and the implementation of stringent safety protocols in healthcare settings. Despite initial setbacks, the market is anticipated to rebound as healthcare systems adapt to the new normal and address the backlog of postponed procedures.
The market is segmented by product type, age group, material, aortic length and end-user. By product type, the market is divided into Synthetic Fabric Graft, Stent-graft. According to age group, this market is categorized into Adult, Geriatric, and Pediatric. The material segment comprises Polymer and Metal. As per the Aortic Length, the market consists of Above 50 mm and Above 100 mm. Lastly, the end-user segment is categorized into hospitals, ambulatory surgical centres (ASCs), research institutes, and others.
Stent grafts are a dominant product segment in the global endovascular AAA repair devices market, which is expanding rapidly. The ageing population and growing demand for less invasive endovascular therapies drive the demand for abdominal aortic aneurysm devices. Because they are less intrusive, stent-grafts provide patients with better outcomes, shorter hospital stays, and quicker recovery times than open surgical treatments. The extensive use of stent grafts in abdominal aortic aneurysm repair surgeries globally is supported by favourable reimbursement policies, improvements in imaging, and interventional techniques.
The hospital segment was valued as the most significant share based on application. Hospitals can complete these complex treatments because of their state-of-the-art healthcare infrastructure and qualified medical staff. Hospitals are more likely to accept patients for endovascular abdominal aortic aneurysm repair due to increased awareness among patients and healthcare professionals about its benefits. Hospital adoption of endovascular abdominal aortic aneurysm repair devices is expected to increase.
North America's Endovascular Abdominal Aortic Aneurysm Repair Devices Market boasts the highest market share for several reasons. North America is expected to witness lucrative growth due to increased incidence of chronic diseases—countries like the U.S. focus on well-established healthcare infrastructure with advanced technological support, including sports medicine. The participation of major market players in this region has increased production capacities. In addition, the rising popularity of sports in this region is crucial in the market growth. The market in Asia Pacific is expected to experience moderate growth due to the high demand for point-of-care testing. Additionally, the rise in the incidence of diabetes in countries such as China and India has led to an increase in sales of lactometers. Europe's market is projected to grow steadily due to a surge in awareness about early diagnosis and treatment of chronic diseases.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 2.43 Bn |
| Revenue Forecast In 2031 | USD 3.53 Bn |
| Growth Rate CAGR | CAGR of 4.9 % from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Product Type, Age Group, Material, Aortic Length And End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Terumo Medical Corporation, Medtronic Plc, Becton, Dickinson and Company, Koninklijke Philips N.V., Lombard Medical Inc, Cook Medical, Endologix Inc, Abbott Laboratories, Cardinal Health Inc, W. L. Gore & Associates Inc., Boston Scientific Corporation, Cook Group Incorporated, Other Prominent Players |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Product Type-
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Age Group-
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Material
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Aortic Length
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By End-User
Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market Snapshot
Chapter 4. Global Endovascular Abdominal Aortic Aneurysm Repair Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Estimates & Trend Analysis
5.1. by Product & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product:
5.2.1. Synthetic Fabric Graft
5.2.2. Stent-graft
Chapter 6. Market Segmentation 2: by Age Group Estimates & Trend Analysis
6.1. by Age Group & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Age Group:
6.2.1. Adult
6.2.2. Geriatric
6.2.3. Pediatric
Chapter 7. Market Segmentation 3: by Material Estimates & Trend Analysis
7.1. by Material & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Material:
7.2.1. Polymer
7.2.2. Metal
Chapter 8. Market Segmentation 4: by Aortic Length Estimates & Trend Analysis
8.1. by Aortic Length & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Aortic Length:
8.2.1. Above 50 mm
8.2.2. Above 100 mm
Chapter 9. Market Segmentation 5: by End-User Estimates & Trend Analysis
9.1. by End-User & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:
9.2.1. Hospitals
9.2.2. Ambulatory Surgical Centers
9.2.3. Research Institutes
9.2.4. Others
Chapter 10. Endovascular Abdominal Aortic Aneurysm Repair Devices Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2019-2031
10.1.2. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Age Group, 2019-2031
10.1.3. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
10.1.4. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Aortic Length, 2019-2031
10.1.5. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
10.1.6. North America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
10.2. Europe
10.2.1. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2019-2031
10.2.2. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Age Group, 2019-2031
10.2.3. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
10.2.4. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Aortic Length, 2019-2031
10.2.5. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
10.2.6. Europe Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2019-2031
10.3.2. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Age Group, 2019-2031
10.3.3. Asia-Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
10.3.4. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Aortic Length, 2019-2031
10.3.5. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
10.3.6. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
10.4. Latin America
10.4.1. Latin America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2019-2031
10.4.2. Latin America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Age Group, 2019-2031
10.4.3. Latin America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
10.4.4. Latin America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Aortic Length, 2019-2031
10.4.5. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
10.4.6. Latin America Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2019-2031
10.5.2. Middle East & Africa Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Age Group, 2019-2031
10.5.3. Middle East & Africa Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
10.5.4. Middle East & Africa Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by Aortic Length ,2019-2031
10.5.5. Asia Pacific Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
10.5.6. Middle East & Africa Endovascular Abdominal Aortic Aneurysm Repair Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Terumo Medical Corporation
11.2.2. Medtronic Plc
11.2.3. Becton Dickinson and Company
11.2.4. Koninklijke Philips N.V.
11.2.5. Lombard Medical Inc.
11.2.6. Endologix Inc.
11.2.7. Abbott Laboratories
11.2.8. Cardinal Health Inc.
11.2.9. W. L. Gore & Associates Inc
11.2.10. Boston Scientific Corporation
11.2.11. Cook Group Incorporated
11.2.12. Other Prominent Players