Abdominal Aortic Aneurysm (AAA) Repair Devices Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
24 Jul, 2023
The global abdominal aortic aneurysm (AAA) repair devices market size 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%.
Global Abdominal Aortic Aneurysm (AAA) Repair Devices Market Key Driver
The rising prevalence of abdominal aortic aneurysms is likely to drive future growth in the abdominal aortic aneurysm repair devices market. The condition that develops when a piece of the aorta wall weakens and the high volume of blood flowing through it exerts pressure on the weak point, causing it to grow outwards and form an aneurysm is known as abdominal aortic aneurysm. Stent grafts are used to treat abdominal aortic aneurysms by entering into the aorta through a small groyne incision and expanding to support the aorta's weakest part, preventing it from rupturing.
Get a sample of the global abdominal aortic aneurysm (AAA) repair devices market reportGlobal Abdominal Aortic Aneurysm (AAA) Repair Devices Market Segments
The global abdominal aortic aneurysm (AAA) repair devices market 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
5) By Geography: 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, and Africa. Among these regions, North America accounts for the largest share in the global abdominal aortic aneurysm (AAA) repair devices market.
Major Abdominal Aortic Aneurysm (AAA) Repair Devices Industry Players
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, Koninklijke Philips N.V.
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Abdominal Aortic Aneurysm (AAA) Repair Devices Market Overview
Abdominal aortic aneurysm repair devices are medical devices used to treat an abdominal aortic aneurysm, a condition that 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 placed into the aorta by a small groin incision and expand to support the weakest part of the aorta, preventing it from rupturing.
Abdominal Aortic Aneurysm (AAA) Repair Devices Global Market Report 2023 provides data on the global abdominal aortic aneurysm (AAA) repair devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The abdominal aortic aneurysm (AAA) repair devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.