endovascular aneurysm repair devices market drivers, endovascular aneurysm repair devices market demand, endovascular aneurysm repair devices market analysis, endovascular aneurysm repair devices market top players, endovascular aneurysm repair devices market scope, endovascular aneurysm repair devices market share
What are the latest figures on the endovascular aneurysm repair devices market’s size and projected CAGR?
The endovascular aneurysm repair devices market size has grown strongly in recent years. It will grow from $2.43 billion in 2024 to $2.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to improved patient outcomes with EVAR procedures, enhanced precision and safety in EVAR technology, favorable reimbursement policies, positive clinical trial results, and regulatory approvals.
The endovascular aneurysm repair devices market size is expected to see strong growth in the next few years. It will grow to $3.56 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to minimally invasive procedures demand, the development of safer and more effective devices, the shift from open surgery to minimally invasive procedures, advances in imaging and diagnostic techniques, and improved surgical outcomes. Major trends in the forecast period include advancements in stent graft technology, enhanced patient outcomes and reduced recovery times, integration of imaging and navigation technologies in EVAR procedures, development of hybrid EVAR devices, and regulatory advancements and approvals for new EVAR devices.
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Which Market drivers have played a significant role in driving the endovascular aneurysm repair devices market?
The growing demand for minimally invasive surgical treatments is expected to propel the growth of the endovascular aneurysm repair devices market going forward. Minimally invasive surgical treatments refer to medical procedures that are performed with minimal incisions or disruptions to the body, using specialized tools and techniques. The growing demand for minimally invasive surgical treatments is driven by factors such as reduced recovery time, lower risk of complications, smaller incisions leading to less pain, and improved precision and outcomes. Endovascular Aneurysm Repair (EVAR) devices enable minimally invasive surgeries by reinforcing blood vessel walls and redirecting blood flow, reducing the risk of aneurysm rupture. For instance, in January 2024, Intuitive Surgical Inc., a US-based manufacturer of robotic products, reported that they had placed 415 da Vinci surgical systems (robotic surgical systems that use a minimally invasive surgical approach) in the fourth quarter of 2023, representing a 12% increase compared to 2022. Therefore, the increase in the number of minimally invasive surgeries is driving the growth of the endovascular aneurysm repair devices market.
What are the key segments within the endovascular aneurysm repair devices market?
The endovascular aneurysm repair devices market covered in this report is segmented –
1) By Aneurysm Type: Abdominal Aortic Aneurysms (AAA), Thoracic Aortic Aneurysms (TAA), Peripheral Aneurysms
2) By Application: Endovascular Grafts, Stent-Grafts, Catheters, Delivery Systems, Imaging Systems
3) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics
Subsegments:
1) By Abdominal Aortic Aneurysms (AAA): Infrarenal AAA, Juxtarenal AAA, Pararenal AAA
2) By Thoracic Aortic Aneurysms (TAA): Ascending Aortic Aneurysms, Aortic Arch Aneurysms, Descending Aortic Aneurysms
3) By Peripheral Aneurysms: Femoral Aneurysms, Popliteal Aneurysms, Iliac Aneurysms, Renal Aneurysms
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Which key players are shaping the endovascular aneurysm repair devices market?
Major companies operating in the endovascular aneurysm repair devices market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Royal Philips, Boston Scientific, Terumo Corporation, Biotronik, L. Gore & Associates Inc., AorTech International, Teleflex Incorporated, Getinge AB, Cook Medical Group, Lombard Medical Technologies plc, Merit Medical Systems, Penumbra Inc., Volcano Corporation, Endologix Inc., Scranton Gillette Communications, Medico S.p.A
Which transformative trends will shape the endovascular aneurysm repair devices market landscape?
Major companies operating in the endovascular aneurysm repair devices market are focusing on developing innovative solutions, such as abdominal stent-graft systems, to enhance patient outcomes by improving device durability, procedural success rates, and ease of deployment. An abdominal stent-graft system refers to a medical device used in endovascular aneurysm repair (EVAR) procedures to treat abdominal aortic aneurysms (AAA). For instance, in August 2024, Terumo India, an India-based medical technology company, launched the TREO Abdominal Stent-Graft System, a cutting-edge solution for treating abdominal aortic aneurysms (AAAs) in adults with suitable anatomies. This system features a unique three-piece design that includes both suprarenal and infrarenal active fixation capabilities, enhancing stability and effectiveness during endovascular aneurysm repair (EVAR). Key attributes include in situ limb adjustability for precise deployment, improved proximal sealing to prevent leaks, and superior lock stent technology to minimize migration risks.
How do regional factors impact the endovascular aneurysm repair devices market, and which region is the largest contributor?
North America was the largest region in the endovascular aneurysm repair devices market in 2024. The regions covered in the endovascular aneurysm repair devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Endovascular Aneurysm Repair Devices Market Report 2025 Offer?
The endovascular aneurysm repair devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Endovascular aneurysm repair (EVAR) devices are advanced medical tools designed for the minimally invasive treatment of aneurysms, particularly in the aorta. An aneurysm occurs when a section of a blood vessel wall weakens and bulges outward, posing a risk of rupture. EVAR devices aim to prevent rupture by reinforcing the blood vessel and redirecting blood flow away from the weakened area.
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