Aortic Aneurysm Repair Market By Product Type (Aortic Stent-grafts, Hybrid stent-grafts), By Procedure Type (Open Surgery, Endovascular Aortic Aneurysm Repair, Frozen Elephant Trunk): Global Opportunity Analysis and Industry Forecast, 2023-2032

Aortic Aneurysm Repair Market By Product Type (Aortic Stent-grafts, Hybrid stent-grafts), By Procedure Type (Open Surgery, Endovascular Aortic Aneurysm Repair, Frozen Elephant Trunk): Global Opportunity Analysis and Industry Forecast, 2023-2032

The Aortic Aneurysm Repair Market was valued for $3,193.87 million in 2022 and is estimated to reach $5,790.74 million by 2032, exhibiting a CAGR of 6.1% from 2023 to 2032. Aortic aneurysm repair refers to the medical procedures and interventions aimed at treating and managing abnormalities in the aorta, the body's main artery. An aortic aneurysm is characterized by abnormal bulging or dilation of the aorta's walls, which can pose a serious health risk if left untreated. Aortic aneurysm repair involves various techniques, including surgical and endovascular approaches, to strengthen the weakened or damaged section of the aorta, prevent rupture, and restore normal blood flow. 

Surgical repair typically involves open surgery, where a portion of the dilated aorta is replaced with a synthetic graft. On the other hand, endovascular repair involves minimally invasive techniques, such as the insertion of a stent graft through small incisions, to reinforce the weakened segment of the aorta from within. The choice of repair method depends on factors such as the location, size, and shape of the aneurysm, as well as the patient's overall health. Aortic aneurysm repair aims to reduce the risk of complications, including rupture, and improve patient outcomes by restoring the normal structure and function of the aorta. 

The market growth for aortic aneurysm repair is primarily driven by the increase in the prevalence of aortic aneurysms and related diseases. Aortic aneurysms have become more common due to factors such as the surge in aging population and the rise in incidence of risk factors such as hypertension, atherosclerosis, and smoking. In addition, according to the article published by Medscape, in 2022, hypertension is the most common disease primarily diagnosed in the U.S., affecting approximately 86 million adults (≥20 years) and is a major risk factor for stroke, myocardial infarction, and vascular disease. Thus, as the prevalence of hypertension continues to rise globally, the number of individuals at risk of developing aortic aneurysms also increases, thereby driving the market growth.

However, the market growth for aortic aneurysm repair is restrained by the lack of availability of certain devices in various developing regions and limited availability of skilled healthcare professionals. Inadequate access to advanced medical devices and technologies hampers the effective treatment of aortic aneurysms. In addition, the scarcity of skilled healthcare professionals with expertise in aortic aneurysm repair limits the capacity to deliver optimal care, further impeding market growth. 

Moreover, the increase in demand for advanced healthcare services and rise in awareness of aortic aneurysm treatments are expected to provide remunerative opportunities for the expansion of the market during the forecast period. Furthermore, the upsurge in initiatives by the government for favorable reimbursement policies fuel the adoption of advanced treatments and thereby notably driving the growth of the aortic aneurysm repair market. 

The aortic aneurysm repair market is segmented into product type, procedure type, and region. By product type, the market is categorized into aortic stent-grafts and hybrid stent-grafts. On the basis of procedure type, it is segregated into open surgery, endovascular aortic aneurysm repair, and frozen elephant trunk (FET). The open surgery is further categorized into abdominal open repair and thoracic open repair. The endovascular aortic aneurysm repair is further categorized into abdominal endovascular aortic aneurysm repair , thoracic endovascular aortic aneurysm repair, and others (branched endovascular aortic repair, fenestrated endovascular aortic repair, branched thoracic endovascular aortic repair (B-TEVAR)). 

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America and Middle East and Africa).The key players operating in the aortic aneurysm repair market are Medtronic plc , Artivion, Inc,  Terumo Corporation, W. L. Gore and Associates, Inc., MicroPort Scientific Corporation, Cook Group Inc, ENDOLOGIX LLC , Cordis Corporation., Bentley InnoMed GmbH and Braile Biomédica S.A. The key players have adopted strategies such as product launch, product approval and innovation to enhance their product portfolio. 

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aortic aneurysm repair market analysis from 2022 to 2032 to identify the prevailing aortic aneurysm repair market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aortic aneurysm repair market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aortic aneurysm repair market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product Type

Aortic Stent-grafts
Hybrid stent-grafts

By Procedure Type

Open Surgery
Repair type
Abdominal Open Repair
Thoracic Open Repair
Endovascular Aortic Aneurysm Repair
Repair Type
Abdominal Endovascular Aortic Repair
Thoracic Endovascular Aortic Aneurysm Repair
Others
Frozen Elephant Trunk

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East And Africa
Key Market Players
Artivion, Inc.
Bentley InnoMed GmbH
Braile Biomédica S.A.
Cook Group Inc
Cordis Corporation
Endologix Inc.
Medtronic plc
MicroPort Scientific Corporation
Terumo Corporation
W. L. Gore & Associates, Inc.

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