Abdominal Aortic Aneurysm (AAA) Repair Devices Market Size (2024 - 2029)

Abdominal Aortic Aneurysm (AAA) Repair Devices Market Analysis

The Abdominal Aortic Aneurysm Repair Devices Market size is estimated at USD 2.67 billion in 2024, and is expected to reach USD 3.56 billion by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).

With the increasing prevalence of abdominal aortic aneurysms and growing awareness and screening programs, the market is expected to witness significant growth over the forecast period. An article published in August 2022 in the Annals of Surgery Journal stated that the global prevalence of AAA among individuals aged 30-79 years was 0.92%, accounting for a total of 35.12 million. Therefore, the high burden of the diseases is expected to boost the treatment, thereby accelerating the utilization of AAA repair devices.

Furthermore, as per the Public Health Agency, in May 2023, an abdominal aortic aneurysm (AAA) screening program was conducted for all men aged 65 years and above in the United Kingdom. The free-of-cost screening program aimed to make people aware of the disease and expand screening in the country for proper treatment, which is anticipated to drive the market growth over the projected period.

Additionally, ongoing research and development, clinical trials, product launches, partnerships, and collaborations by market players significantly drive market growth. For instance, in February 2024, Medtronic and Rijnstate jointly reported the enrollment of the first patient in the Hercules trial. This trial will compare two methods for repairing abdominal aortic aneurysms: endosuture aneurysm repair (ESAR) and standard endovascular aneurysm repair (EVAR). The study specifically focuses on patients with an AAA with a broad, infrarenal neck diameter.

Similarly, in April 2023, Medtronic's Endurant abdominal aortic aneurysm (AAA) stent graft system showed long-term durability in real-world settings, according to the 10-year ENGAGE (Endurant Stent Graft Natural Selection Global) post-market registry data. The study, presented at the 2023 Charing Cross Symposium in London, has now been completed. Thus, such development leads to the availability of advanced devices, boosting the market growth over the forecast period.

Therefore, the studied market is anticipated to grow during the forecast period due to factors such as the high burden of abdominal aortic aneurysms and rising screening programs and product launches. However, the high cost of procedures and devices, as well as stringent regulatory and unfavorable reimbursement, are expected to restrain the market growth during the forecast period.

Abdominal Aortic Aneurysm (AAA) Repair Devices Industry Segmentation

As per the scope of the report, Abdominal Aortic Aneurysm (AAA) repair devices are used to treat and repair abdominal aortic aneurysms, which are bulges or enlargements in the abdominal aorta, the major blood vessel that supplies blood to the abdomen, pelvis, and legs.

The abdominal aortic aneurysm (AAA) repair devices market is segmented by product type, procedure type, end user, and geography. By product type, the market is segmented as endografts, delivery systems, and ancillary devices. By procedure type, the market is segmented as open surgical repair and endovascular aneurysm repair (EVAR). By end user, the market is segmented as hospitals, ambulatory surgical centers, and others. By geography, the market is segmented as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.