Abdominal Aortic Aneurysm Treatment Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The Abdominal Aortic Aneurysm Treatment Market is expected to grow from USD 2.065 billion in 2024 to an estimated USD 3.198 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.62% from 2024 to 2032.
Key drivers of this market include advancements in medical technologies, particularly in minimally invasive surgical procedures, and the rising prevalence of abdominal aortic aneurysms (AAA) among the aging population. The growing adoption of endovascular aneurysm repair (EVAR) procedures is playing a significant role in driving the market’s growth. Additionally, increasing awareness regarding early diagnosis and treatment options is fueling demand for effective aneurysm management. Active investments by governments and healthcare organizations in research and development to improve treatment outcomes, alongside rising healthcare expenditures and favorable reimbursement policies in developed regions, are further supporting market expansion.
Market Drivers
Technological Advancements
Innovations in medical technology are key drivers of growth in the Abdominal Aortic Aneurysm Treatment Market. Companies like Medtronic and Cook Medical are at the forefront, developing advanced endovascular stent grafts and minimally invasive surgical techniques that not only improve patient outcomes but also reduce recovery times. These advancements are making treatments more effective and accessible, thereby propelling market expansion.
Market Challenges
High Costs of Treatment
A significant challenge in the Abdominal Aortic Aneurysm Treatment Market is the high cost associated with advanced medical procedures and devices. These expenses can be a barrier for patients and healthcare providers, particularly in low- and middle-income countries. For example, the cost of endovascular aneurysm repair (EVAR) is a major concern, as highlighted by the American College of Cardiology, especially in healthcare systems with limited budgets. The financial burden is further increased by the need for ongoing follow-up care and potential complications that may require additional medical interventions. This underscores the importance of developing cost-effective treatment options and improving access to affordable healthcare.
Market Segments
By Type
Endovascular Aneurysm Repair (EVAR)
Open Surgical Repair (OSR)
By Technology
Imaging Technologies (e.g., 3D Imaging, Intravascular Ultrasound)
Stent Grafts
Artificial Intelligence (AI) in Diagnostics
Digital Health Platforms
By End-User
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Key Players
Medtronic
Cook Medical
Abbott Laboratories
Braun Melsungen AG
Terumo Corporation
Boston Scientific Corporation
Endologix, Inc.
R. Bard, Inc.
L. Gore & Associates
Jotec GmbH
The Abdominal Aortic Aneurysm Treatment Market is expected to grow from USD 2.065 billion in 2024 to an estimated USD 3.198 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.62% from 2024 to 2032.
Key drivers of this market include advancements in medical technologies, particularly in minimally invasive surgical procedures, and the rising prevalence of abdominal aortic aneurysms (AAA) among the aging population. The growing adoption of endovascular aneurysm repair (EVAR) procedures is playing a significant role in driving the market’s growth. Additionally, increasing awareness regarding early diagnosis and treatment options is fueling demand for effective aneurysm management. Active investments by governments and healthcare organizations in research and development to improve treatment outcomes, alongside rising healthcare expenditures and favorable reimbursement policies in developed regions, are further supporting market expansion.
Market Drivers
Technological Advancements
Innovations in medical technology are key drivers of growth in the Abdominal Aortic Aneurysm Treatment Market. Companies like Medtronic and Cook Medical are at the forefront, developing advanced endovascular stent grafts and minimally invasive surgical techniques that not only improve patient outcomes but also reduce recovery times. These advancements are making treatments more effective and accessible, thereby propelling market expansion.
Market Challenges
High Costs of Treatment
A significant challenge in the Abdominal Aortic Aneurysm Treatment Market is the high cost associated with advanced medical procedures and devices. These expenses can be a barrier for patients and healthcare providers, particularly in low- and middle-income countries. For example, the cost of endovascular aneurysm repair (EVAR) is a major concern, as highlighted by the American College of Cardiology, especially in healthcare systems with limited budgets. The financial burden is further increased by the need for ongoing follow-up care and potential complications that may require additional medical interventions. This underscores the importance of developing cost-effective treatment options and improving access to affordable healthcare.
Market Segments
By Type
Endovascular Aneurysm Repair (EVAR)
Open Surgical Repair (OSR)
By Technology
Imaging Technologies (e.g., 3D Imaging, Intravascular Ultrasound)
Stent Grafts
Artificial Intelligence (AI) in Diagnostics
Digital Health Platforms
By End-User
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Key Players
Medtronic
Cook Medical
Abbott Laboratories
Braun Melsungen AG
Terumo Corporation
Boston Scientific Corporation
Endologix, Inc.
R. Bard, Inc.
L. Gore & Associates
Jotec GmbH
Table of Contents
196 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. Abdominal Aortic Aneurysm Treatment Market Snapshot
- 2.1.1. Abdominal Aortic Aneurysm Treatment Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3 : Abdominal Aortic Aneurysm Treatment Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. Abdominal Aortic Aneurysm Treatment Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : Abdominal Aortic Aneurysm Treatment Market – BY Based on Type ANALYSIS
- CHAPTER NO. 7 : Abdominal Aortic Aneurysm Treatment Market – BY Based on Technology ANALYSIS
- CHAPTER NO. 8 : Abdominal Aortic Aneurysm Treatment Market – BY Based on End User ANALYSIS
- CHAPTER NO. 9 : Abdominal Aortic Aneurysm Treatment Market – BY Based on Region ANALYSIS
- CHAPTER NO. 10 : KEY PLAYERS ANALYSIS
- 10.1. Medtronic
- Company Overview
- Product Portfolio
- SWOT Analysis
- Business Strategy
- Financial Overview
- 10.2. Cook Medical
- 10.3. Abbott Laboratories
- 10.4. Braun Melsungen AG
- 10.5. Terumo Corporation
- 10.6. Boston Scientific Corporation
- 10.7. Endologix, Inc.
- 10.8. R. Bard, Inc.
- 10.9. L. Gore & Associates
- 10.10. Jotec GmbH
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