About Abdominal Aortic Aneurysm Repair
An abdominal aortic aneurysm (AAA) is a localized enlargement of the abdominal aorta such that the diameter is greater than 3 cm or more than 50% larger than normal that is due to weakness or degeneration that develops in a portion of the artery wall. Abdominal aortic aneurysm repair is a procedure used to treat an aneurysm and may be done in two ways including open repair and endovascular aneurysm repair (EVAR). This depends upon numerous factors such as the location and shape of the aneurysm as well as the physical condition of the patient. This repair is done to prevent the risk of rupture, relieve symptoms and restore good blood flow.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Abdominal Aortic Aneurysm Repair market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), Bolton Medical Inc. (United States), Cook Medical Inc. (United States), Endologix Inc (United States), W. L. Gore & Associates, Inc. (United States), AbbVie Inc. (United States, Cardiatis S.A. (Belgium), C. R. Bard, Inc. (United States), Lombard Medical, Inc (United Kingdom), Terumo Corporation (Japan) and Aptus Endosystems Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Spectranetics International BV (Netherlands) and Cardinal Health Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Abdominal Aortic Aneurysm Repair market by Type (Stent Graft, Synthetic Stent Graft, Catheter, Guidewire, Vascular Closure Devices and Balloon Inflation Devices) and Region.
On the basis of geography, the market of Abdominal Aortic Aneurysm Repair has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Repair Type, the sub-segment i.e. Open Repair will boost the Abdominal Aortic Aneurysm Repair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Hospitals will boost the Abdominal Aortic Aneurysm Repair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Field of Medical Science
Market Growth Drivers:
Increased Prevalence of Abdominal Disorders and Development of New Diagnostic Centres and Hospitals
Challenges:
Stringent Government Rules and Regulations
Restraints:
Complications Associated with Abdominal Aortic Aneurysm Repair such as Heart Attack, Irregular Heart Rhythms, Blood Clot and Others
Opportunities:
Development of Healthcare Infrastructure in Emerging Economies and Growth in the Healthcare Industry Worldwide
Market Leaders and their expansionary development strategies
In December 2023, Abbott, a major medical device company, announced the acquisition of Tendyne Holdings, a developer of minimally invasive AAA repair devices. This move expands Abbott's AAA repair portfolio and strengthens its presence in the endovascular market.
In September 2023, Cook Medical launched the Zenith Flex AAA Stent Graft, featuring a unique nitinol design for enhanced flexibility and conformability to complex anatomies. This innovation aims to improve procedural outcomes and patient comfort.
Key Target Audience
Abdominal Aortic Aneurysm Repair Product Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.