A Quick Overview of the Leading Abdominal Aortic Aneurysm (AAA) Repair Devices in the Market and the Growth Drivers of its Industry

Aneurysm is weakening of the walls of a blood vessel characterized by outward bulging of the vessel at a particular spot. Abdominal aortic aneurysm, thus, is an aneurysm caused in the aorta in the abdominal region. Aneurysms, if not timely treated, can cause rupturing of the specific blood vessel which can be fatal in nature.

Popular abdominal aortic aneurysm (AAA) repair devices

Medical research has shown that aneurysms in aorta occur most commonly in the abdominal regions. Recently, the demand for abdominal aortic aneurysm (AAA) repair devices has risen exponentially due to a high incidence of abdominal aortic aneurysm across the globe. Hence, many companies such as Medtronic and Gore have launched their own products in the market.

For instance, the EXCLUDER® AAA Endoprosthesis is an advanced aneurysm repair device launched by GORE®, a medical device firm. The device provides support in the form of endovascular repair of abdominal aortic aneurysm. Another variant of this repair device is the GORE® EXCLUDER® Conformable AAA Endoprosthesis which performs a similar function. Medtronic, one of the biggest medical devices manufacturing companies, has launched stent grafts for endovascular repair of abdominal aortic aneurysms. These stent grafts are made from synthetic fabric and are given support with the help of metal structures. These stents are inserted in the blood vessel and positioned in such a way that the weakened spot receives support of the stent graft. This prevents the rupturing of that particular blood vessel.

Growth drivers of the market

A market research report published by Allied Market Research has highlighted several aspects of the abdominal aortic aneurysm (AAA) repair devices market. According to the report, the market is supposed to grow at a healthy CAGR of 6.1% in the 2021-2030 timeframe. The demand for these repair devices has increased mainly on account of the rise in the global geriatric population. Also, smokers and tobacco consumers are at the highest risk of developing this ailment. A rise in tobacco consumers and smokers has, thus, surged the demand for these devices.

A significant increase in demand for minimally invasive medical procedures has been recorded in the recent past. This trend has also led to pushing the demand for abdominal aortic aneurysm repair devices. Furthermore, there has been a substantial rise in EVAR procedures which has fueled the demand for these repair devices. An overall growth in different kinds of reimbursement and medical insurance policies has indirectly led to flourishing of the industry. In addition to these factors, acquisitions by leading companies in the market are also lending a helping hand in propelling the industry. For example, in April 2021, Endologix announced the acquisition of PQ Bypass, a medical device company. As per the company’s statement, this acquisition will help Endologix to address the demands of the medical sector in a comprehensive manner.

The abdominal aortic aneurysm market is, to summarize, witnessing growth owing to product launches by leading medical device companies. Also, demographic factors and a rise in demand for minimally invasive procedures are anticipated to aid in the industry’s growth.

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