Abdominal Aortic Aneurysm Repair Devices Industry: Study Growth Factors, Types and Applications with Market Forecasts 2026
Abdominal Aortic
Aneurysm (AAA) refers to the enlargement in part of the aorta, the
main blood vessel that delivers blood to the body, which passes
through the abdomen. AAA usually affects people over 50 years and is
more common in men as compared to women. Others risk such as smoking
and high blood pressure can also cause AAA. Previously, AAA was
treated with open surgery, however, it has been replaced with
endovascular stent grafting. Endovascular stent grafting is a
minimally invasive procedure and has various advantages over open
surgery such as reduced blood loss, operative time, hospital stay,
mortality, and morbidity.
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Abdominal
Aortic Aneurysm Repair Devices Market Drivers
Key players in the
abdominal aortic aneurysm repair devices market have launched various
new products for AAA treatment and this has positively affected
growth of the market. For instance, in 2017, Lombard Medical Inc.
received approval from the Japanese Ministry of Health, Labour and
Welfare for its new IntelliFlex Low Profile (LP) Delivery System for
the Aorfix Endovascular Stent Graft. In 2016, Lombard Medical, Inc.
received CE Mark approval for its IntelliFlex Low Profile (LP)
Delivery System for the Aorfix Endovascular Stent Graft. In 2013,
Lombard Medical Inc. launched its Aorfix, a latest endovascular stent
graft in the U.S. market. In 2014, Cordis Corporation (now a part of
Cardinal Health, Inc.) launched its INCRAFT AAA Stent Graft System
(INCRAFT System), a device for use during endovascular aneurysm
repair (EVAR) for patients suffering from infrarenal AAA.
North America is
expected to hold a dominant position in the global abdominal aortic
aneurysm repair devices market, owing to presence of major players
and frequent launches of novel devices in market. For instance,
Medtronic Plc., Cardinal Health, Inc., and Boston Scientific
Corporation, the major players in the market are headquartered in the
U.S.
Asia Pacific is also
expected to exhibit high growth in the global abdominal aortic
aneurysm repair devices market, owing to increasing approvals of
novel devices by major regulatory bodies in the region. For instance,
in Lombard Medical, Inc. received approval for its new AorFlex
delivery system from the Japanese Ministry of Health, Labour and
Welfare. AorFlex is a delivery system for Aorfix endovascular stent
graft indicated for the treatment of AAA.
Key players in the
abdominal aortic aneurysm repair devices market have launched various
new products for AAA treatment and this has positively affected
growth of the market. For instance, in 2017, Lombard Medical Inc.
received approval from the Japanese Ministry of Health, Labour and
Welfare for its new IntelliFlex Low Profile (LP) Delivery System for
the Aorfix Endovascular Stent Graft. In 2016, Lombard Medical, Inc.
received CE Mark approval for its IntelliFlex Low Profile (LP)
Delivery System for the Aorfix Endovascular Stent Graft. In 2013,
Lombard Medical Inc. launched its Aorfix, a latest endovascular stent
graft in the U.S. market.
Abdominal
Aortic Aneurysm Repair Devices Market Key Players
Major players
operating in global abdominal aortic aneurysm repair devices market
includes: Medtronic Plc., Cardinal Health Inc., Lombard Medical Inc.,
Endologix, Inc., Cook Group Incorporated, Boston Scientific
Corporation, Terumo Corporation, and W. L. Gore & Associates,
Inc. Key players in the market are focusing on strategic
collaborations and acquisitions, in order to expand its abdominal
aortic aneurysm repair devices portfolio and geographic reach.
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Aortic Aneurysm Repair Devices Market
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