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Endovascular Abdominal Aortic Aneurysm Repair Devices Market

Endovascular Abdominal Aortic Aneurysm Repair Devices Market Size, Share & Trends Analysis Report By Product Type (Synthetic Fabric Graft, Stent-graft), By Age Group (Adult, Geriatric, Pediatric), By Material (Polymer, Metal), By Aortic Length (Above 50 mm, Above 100 mm, By End-User (Hospital, Ambulatory Surgical Centers (ASCs), Research Institutes, Others), By Region, And By Segment Forecasts, 2024-2031

Report ID : 2400 | Published : 2024-10-21 | Pages: 179 | Format: PDF/EXCEL

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 Repair Devices Market info

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.

Competitive Landscape

Some Major Key Players In The Endovascular Abdominal Aortic Aneurysm Repair Devices Market:

  • Terumo Medical Corporation
  • Medtronic Plc
  • Becton Dickinson and Company
  • Koninklijke Philips N.V.
  • Lombard Medical Inc.
  • Endologix Inc.
  • Abbott Laboratories
  • Cardinal Health Inc.
  • L. Gore & Associates Inc
  • Boston Scientific Corporation
  • Cook Group Incorporated
  • Other Prominent Players

Market Segmentation:

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.

Based On Product Type, The Endovascular Stent Graft System Segment Is A Major Contributor To The Endovascular Abdominal Aortic Aneurysm Repair Devices Market. 

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 Based On Application Also Witnessed Rapid Growth.

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. 

In This Market, North America Has A Significant Revenue Share.

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.

Recent Developments

  • In Jan 2023, Medtronic has initiated the first phase of a worldwide randomized trial to assess the long-term effectiveness of endovascular aneurysm repair. The ADVANCE Trial was a worldwide, post-market, forward-looking, interventional, multicenter, randomized research that recruited at least 550 participants at a maximum of 50 locations around the world.
  • In Oct 2021, Terumo Aortic has received regulatory approval and has officially launched the Treo abdominal aortic stent transplant system in Japan. The Treo device has been authorized by the Japanese Pharmaceuticals & Medical Devices Agency for the treatment of individuals suffering from abdominal aortic aneurysms.  

Endovascular Abdominal Aortic Aneurysm Repair Devices Market Report Scope

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.

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

Segmentation of  The Endovascular Abdominal Aortic Aneurysm Repair Devices Market

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Product Type-

  • Synthetic Fabric Graft
  • Stent-graft

Endovascular Abdominal Aortic Aneurysm Repair Devices Market seg

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Age Group-

  • Adult
  • Geriatric
  • Pediatric

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Material

  • Polymer
  • Metal

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Aortic Length

  • Above 50 mm
  • Above 100 mm

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By End-User

  • Hospital
  • Ambulatory Surgical Centers (ASCs)
  • Research Institutes
  • Others

Endovascular Abdominal Aortic Aneurysm Repair Devices Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Endovascular Abdominal Aortic Aneurysm Repair Devices Market Size?

Endovascular Abdominal Aortic Aneurysm Repair Devices Market is expected to grow at a 4.9% CAGR during the forecast period for 2024-2031.

Abbott Laboratories, Cardinal Health Inc, W. L. Gore & Associates Inc., Boston Scientific Corporation, Cook Group Incorporated, Other Prominent Player

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