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text 2019-03-19 07:53
Abdominal Aortic Aneurysm Repair Devices Industry: Study Growth Factors, Types and Applications with Market Forecasts 2026

Abdominal Aortic Aneurysm (AAA) refers to the enlargement in part of the aorta, the main blood vessel that delivers blood to the body, which passes through the abdomen. AAA usually affects people over 50 years and is more common in men as compared to women. Others risk such as smoking and high blood pressure can also cause AAA. Previously, AAA was treated with open surgery, however, it has been replaced with endovascular stent grafting. Endovascular stent grafting is a minimally invasive procedure and has various advantages over open surgery such as reduced blood loss, operative time, hospital stay, mortality, and morbidity.

 

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Abdominal Aortic Aneurysm Repair Devices Market Drivers

Key players in the abdominal aortic aneurysm repair devices market have launched various new products for AAA treatment and this has positively affected growth of the market. For instance, in 2017, Lombard Medical Inc. received approval from the Japanese Ministry of Health, Labour and Welfare for its new IntelliFlex Low Profile (LP) Delivery System for the Aorfix Endovascular Stent Graft. In 2016, Lombard Medical, Inc. received CE Mark approval for its IntelliFlex Low Profile (LP) Delivery System for the Aorfix Endovascular Stent Graft. In 2013, Lombard Medical Inc. launched its Aorfix, a latest endovascular stent graft in the U.S. market. In 2014, Cordis Corporation (now a part of Cardinal Health, Inc.) launched its INCRAFT AAA Stent Graft System (INCRAFT System), a device for use during endovascular aneurysm repair (EVAR) for patients suffering from infrarenal AAA.

 

North America is expected to hold a dominant position in the global abdominal aortic aneurysm repair devices market, owing to presence of major players and frequent launches of novel devices in market. For instance, Medtronic Plc., Cardinal Health, Inc., and Boston Scientific Corporation, the major players in the market are headquartered in the U.S.

 

Asia Pacific is also expected to exhibit high growth in the global abdominal aortic aneurysm repair devices market, owing to increasing approvals of novel devices by major regulatory bodies in the region. For instance, in Lombard Medical, Inc. received approval for its new AorFlex delivery system from the Japanese Ministry of Health, Labour and Welfare. AorFlex is a delivery system for Aorfix endovascular stent graft indicated for the treatment of AAA.

 

Key players in the abdominal aortic aneurysm repair devices market have launched various new products for AAA treatment and this has positively affected growth of the market. For instance, in 2017, Lombard Medical Inc. received approval from the Japanese Ministry of Health, Labour and Welfare for its new IntelliFlex Low Profile (LP) Delivery System for the Aorfix Endovascular Stent Graft. In 2016, Lombard Medical, Inc. received CE Mark approval for its IntelliFlex Low Profile (LP) Delivery System for the Aorfix Endovascular Stent Graft. In 2013, Lombard Medical Inc. launched its Aorfix, a latest endovascular stent graft in the U.S. market.

 

Abdominal Aortic Aneurysm Repair Devices Market Key Players

Major players operating in global abdominal aortic aneurysm repair devices market includes: Medtronic Plc., Cardinal Health Inc., Lombard Medical Inc., Endologix, Inc., Cook Group Incorporated, Boston Scientific Corporation, Terumo Corporation, and W. L. Gore & Associates, Inc. Key players in the market are focusing on strategic collaborations and acquisitions, in order to expand its abdominal aortic aneurysm repair devices portfolio and geographic reach.

 

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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