Overview
The term “abdominal aortic aneurysm” refers to the expansion of a portion of the aorta, the body’s major blood artery, which runs through the abdomen. AAA is more frequent in men than in women and affects individuals over the age of 50. AAA can also be caused by other factors like smoking and high blood pressure. AAA was formerly repaired with surgical intervention, however, this has been replaced with endovascular stent grafting. Endovascular stent grafting is a minimally invasive treatment that offers a number of advantages over open surgery, including less blood loss, shorter operational times, shorter hospital stays, lower mortality, and lower morbidity.
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Drivers
The development of numerous innovative products for AAA treatment by key players in the global abdominal aortic aneurysm repair devices market has aided the industry’s expansion. The Japanese Ministry of Health, Labour and Welfare approved Lombard Medical Inc.’s innovative IntelliFlex Low Profile (LP) Delivery System for the Aorfix Endovascular Stent Graft in 2017. Endurant IIs is a new stent graft system designed to treat abdominal aortic aneurysms endovascular. These clearances have resulted in the creation of innovative items in the industry, which is anticipated to propel the global abdominal aortic aneurysm repair devices market forward in the coming years.
The expansion of the global abdominal aortic aneurysm repair devices market is estimated to be aided by increased partnerships and acquisitions by major industry players. Microport Scientific Corp., located in China, engaged into a strategic relationship with Lombard Medical Inc. in 2016.
Regional Insights
North America is anticipated to retain a prominent position in the global abdominal aortic aneurysm repair devices market, attributed to the presence of key manufacturers and regular releases of innovative devices in the market. Boston Scientific Corporation, Medtronic Plc., and Cardinal Health, Inc., the leading companies in the industry are headquartered in the U.S. in 2015, Cook Group Incorporated introduced its newest Zenith Alpha abdominal endovascular graft in Canada. Zenith Alpha abdominal is recommended for endovascular treatment of individuals with abdominal aortic aneurysm.
Due to increased approvals of innovative devices by key regulatory agencies in the area, the global abdominal aortic aneurysm repair devices market is projected to develop rapidly in Asia Pacific. Lombard Medical, Inc. got clearance from the Japanese Ministry of Health, Labour, and Welfare for their innovative AorFlex delivery system.
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Competitive Landscape
- L. Gore & Associates, Medtronic Plc., Lombard Medical Inc., Endologix, Inc., Terumo Corporation, Boston Scientific Corporation, Cook Group Incorporated, and Cardinal Health are among the major competitors in the worldwide abdominal aortic aneurysm repair devices market.
In order to grow its abdominal aorta aneurysm repair devices portfolio, key competitors in the market are concentrating on strategic alliances and acquisitions. In 2017, Terumo Corporation purchased Bolton Medical, Inc.—a U.S.-based developer of endovascular treatments for aortic illness. Terumo Corporation extended its current product line with this significant purchase.
Abdominal Aortic Aneurysm Repair Devices Market Taxonomy
The global abdominal aortic aneurysm repair devices market is segmented on the basis of product type, end user, and region
- Product Type
- Stents
- Sheaths
- Catheters
- Balloons
- Wires
- Others
- End User
- Hospitals
- Ambulatory Surgical Centers
- Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Reasons to Purchase this Report
Current and future of global Abdominal Aortic Aneurysm Repair Devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Major Point Answered in Abdominal Aortic Aneurysm Repair Devices Market Research Study are:
What will be the progress rate of the Abdominal Aortic Aneurysm Repair Devices Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Abdominal Aortic Aneurysm Repair Devices Market across different regions?
Who are the major vendors dominating the Abdominal Aortic Aneurysm Repair Devices industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Abdominal Aortic Aneurysm Repair Devices Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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