The abdominal aortic aneurysm repair devices market is anticipated to grow at a CAGR of 7.2% during the forecast period. The increasing utilization of endovascular repair treatment is a major factor to boost the growth of the abdominal aortic aneurysm repair devices market. It offers a safer treatment option for patients with advanced age, cardiac condition, and renal dysfunction. The successful endovascular repair of AAA depends on the factors that include familiarity with the techniques, procedure-specific complications, and choice of the correct endoprosthesis. Vascular anatomy is segmented more technically into pelvic perfusion, iliac morphology, aortic neck, and aortic aneurysm. Additionally, the aortic neck is the most common factor to affect EVAR (Endovascular Aneurysm Repair) appropriateness. Endovascular repair along with abdominal stent graft devices is utilized to treat infrarenal abdominal aortic aneurysm with associated iliac artery aneurysm.
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Endovascular aortic devices are developed to allow perfusion into specific aortic branches that depend on the level of repairs such as the renal artery and iliac artery. These advanced minimally invasive devices provide endovascular management of juxtarenal, potential suprarenal aneurysms and preservation of hypogastric flow. The new form of treatment for abdominal aortic aneurysm includes endovascular stent grafting and endovascular aneurysm repair that is less invasive than open surgery. The utilization of endovascular stent grafting is used to reinforce the wall of the aorta. It enables the damaged area from rupturing. Thus, with the advanced technology in endovascular repair, the demand for abdominal aortic aneurysm repair devices market is rapidly growing during the forecast period.
Recent Activities
- In April 2018, Vascutek and Bolton medical in Japan have merged into single business to grow its presence in the aortic and vascular implant market and it aims to become recognized for its focus on individualized treatment which provides clinicians more options.
- In April 2018, MicroPort Corp. acquired Lombard Medical technologies; Microport has associated with Lombard with its two stent graft technologies such as Aorfix and Altura. It is a medical solution provider has major medical discipline such as interventional radiology, endocrine management, surgical management, orthopedics, and electrophysiology.
Current Market Trends Covered in the Report
- Asia-Pacific is the fastest-growing region encouraging the development of new variants in the market
- Latin America is expected to have growth potential in the market owing to unrequited medical assistance in the treatment of an aneurysm.
- Partnership and novel product launches were identified as a measure to capture the market share in an abdominal aortic aneurysm repair device.
- Europe is expected to be the second-largest market share during the forecast period.
Global Abdominal Aortic Aneurysm Repair Devices Market Segmentation
By Product Type
- Endovascular Stent Graft
- Synthetic Stent Graft
- Catheter
By Site
- Infrarenal AAA
- Suprarenal AAA
- Pararenal AAA
By Treatment
- Open Surgery
- Endo Vascular Repair
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
