Europe AAA Repair Devices Market Size By Product (Synthetic Graft System, Endovascular Stent Graft System), By Application (Hospitals, Ambulatory Surgical Centers), By Site (Pararenal AAA, Infrarenal AAA), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Europe AAA Repair Devices Market Size By Product (Synthetic Graft System, Endovascular Stent Graft System), By Application (Hospitals, Ambulatory Surgical Centers), By Site (Pararenal AAA, Infrarenal AAA), By Geographic Scope And Forecast
Europe AAA Repair Devices Market Size Ad Forecast
Europe AAA Repair Devices Market size was valued at USD 913.22 Million in 2022 and is projected to reach USD 1,560.74 Million by 2030, growing at a CAGR of 6.86% from 2024 to 2030.
The Europe AAA Repair Devices Market has grown rapidly in recent years, driven by the increasing prevalence of AAAs, the rising demand for minimally invasive procedures, and the growing body of evidence supporting the use of EVAR. The Europe AAA Repair Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Europe AAA Repair Devices Market Definition
The AAA repair devices market encompasses medical devices used in the treatment of abdominal aortic aneurysms. These devices are primarily designed to reinforce and stabilize the weakened aortic wall to prevent rupture. The AAA repair devices market has experienced steady growth in recent years due to several factors, including an aging population, increased awareness of aneurysms, and advancements in minimally invasive surgical techniques. The market includes various types of devices, such as aortic grafts or stent grafts, guidewires, catheters, and imaging equipment, as mentioned earlier.
Stent grafts, in particular, have gained popularity due to their minimally invasive nature and reduced recovery times. Trends in the market include the increasing adoption of endovascular repair techniques (EVAR), which are less invasive compared to traditional open surgery. EVAR has become the preferred method for many patients because it typically leads to shorter hospital stays and faster recoveries. Market growth can vary by region, with developed countries having a higher prevalence of AAA and greater access to advanced healthcare services. Emerging markets may exhibit growth potential due to increased healthcare infrastructure and awareness.
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Europe AAA Repair Devices Market Overview
The aorta, the major blood vessel that provides blood to the body, enlarges and weakens in the abdominal aortic aneurysm, a potentially fatal disorder. If an AAA ruptures, it can lead to severe internal bleeding and is often fatal. To prevent this, various medical devices and procedures have been developed to repair or reinforce the weakened aortic wall. These devices fall into two main categoriesendovascular aneurysm repair (EVAR) and open surgical repair. In the past, open surgical repair was the primary method for treating AAA. This involved a large abdominal incision and the placement of a synthetic graft to replace the weakened portion of the aorta.
This procedure was effective but invasive and had a longer recovery time. The traditional treatment for AAAs is open surgery, which involves a large incision in the abdomen to access and repair the aneurysm. Open surgery is a major operation with a significant risk of complications. In the early 1990s, endovascular aneurysm repair (EVAR) was developed as a minimally invasive alternative to open surgery. EVAR involves placing a stent graft inside the aneurysm to reinforce the weakened wall and prevent it from rupturing.
EVAR has become the preferred treatment for most AAAs, as it is associated with shorter recovery times and fewer complications than open surgery. EVAR is a less invasive approach that was introduced in the 1990s. Through tiny incisions in the groin, a stent graft is implanted, and imaging methods are used to guide the graft to the aneurysm’s location. The Europe AAA Repair Devices Market has grown rapidly in recent years, driven by the increasing prevalence of AAAs, the rising demand for minimally invasive procedures, and the growing body of evidence supporting the use of EVAR.
Europe AAA Repair Devices MarketSegmentation Analysis
The Europe AAA Repair Devices Market is segmented on the basis of Product, Application, Site, and Geography.
Europe AAA Repair Devices Market, By Product
Synthetic Graft System
Endovascular Stent Graft System
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Based on Product, the market is segmented into Synthetic Graft System and Endovascular Stent Graft System. Endovascular Stent Graft System accounted for the largest market share of 85.42% in 2022, with a market value of USD 780.05 Million, and is projected to grow at the highest CAGR of 7.03% during the forecast period.
Europe AAA Repair Devices Market, By Application
Hospitals
Ambulatory Surgical Centers
Research Institutes
Based on Application, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Research Institutes. Hospitals accounted for the largest market share of 51.53% in 2022, with a market value of USD 470.59 Million, and is projected to grow at the highest CAGR of 7.67% during the forecast period.
Europe AAA Repair Devices Market, By Site
Pararenal AAA
Infrarenal AAA
Based on Site, the market is segmented into Pararenal AAA and Infrarenal AAA. Infrarenal AAA accounted for the largest market share of 85.88% in 2022, with a market value of USD 784.26 Million, and is projected to grow at the highest CAGR of 7.00% during the forecast period.
Europe AAA Repair Devices Market, By Geography
Germany
France
UK
Spain
Italy
Netherland
Poland
Belgium
Greece
Scandinavian
Rest of Europe
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On the basis of Country Analysis, the Europe AAA Repair Devices Market is classified into Germany, France, UK, Spain, Italy, Netherlands, Poland, Belgium, Greece, Scandinavian, and the Rest of Europe. UK accounted for the largest market share of 17.61% in 2022, with a market value of USD 160.82 Million, and is projected to grow at the highest CAGR of 8.21% during the forecast period.
Key Players
The “Europe AAA Repair Devices Market” study report will provide valuable insight with an emphasis on the market. The major players in the market include Medtronic plc, Cardiatis SA, Cardinal Health, W L Gore & Associates, Artivion Inc., Lombard Medical, Cook Medical, Endologix, MicroPort Scientific Corporation, Terumo Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2019-2030
Base Year
2022
Forecast Period
2024-2030
Historical Period
2019-2021
Unit
Value (USD Million)
Key Companies Profiled
Medtronic plc, Cardiatis SA, Cardinal Health, W L Gore & Associates, Artivion Inc., Lombard Medical, Cook Medical, Endologix.
Segments Covered
By Product, By Application, By Site, and By Geography.
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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