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
Report ID: 366812|No. of Pages: 202
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.
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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 categories: endovascular 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 Market: Segmentation 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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Data Collection Matrix
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Industry Analysis Matrix
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