Contact Us

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.

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. In 2015, Endologix, Inc. received approval from the Japanese Ministry of Health, Labour and Welfare (MHLW) for its AFX Endovascular AAA System for the treatment of abdominal aortic aneurysms. In 2014, Medtronic Plc. received approval for its new Endurant IIs in the U.S. and Europe. Endurant IIs is a latest stent graft system for the endovascular repair of abdominal aortic aneurysms. These approvals have led to development of novel products in the market, which is expected to drive growth of global abdominal aortic aneurysm repair devices market in the near future. Increasing collaborations and acquisition activities by key players in market is also expected to support growth of global abdominal aortic aneurysm repair devices. For instance, in 2016, Microport Scientific Corp.—a China-based company—entered in strategic partnership with Lombard Medical Inc. According to the partnership, Microport Scientific Corp. invested US$ 15 million in Lombard Medical Inc. and gained exclusive marketing rights of Lombard’s Aorfix and Altura stent graft in China and Brazil as well as the manufacturing rights in China. In 2015, Cardinal Health Inc. completed the acquisition of Johnson & Johnson's Cordis business at US$ 1.9 billion.

Abdominal Aortic Aneurysm Repair Devices Market Regional Analysis

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. Furthermore, in 2015, Cook Group Incorporated launched its latest Zenith Alpha abdominal endovascular graft in Canada. Zenith Alpha abdominal is indicated for endovascular treatment of patients with abdominal aortic aneurysm. In 2015, few weeks after approval of Cook Medical’s Zenith Alpha in Canada, the University of Western London Health Sciences in Ontario, Canada treated the first patient with the Zenith Alpha.

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.

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. For instance, in 2017, Terumo Corporation acquired Bolton Medical, Inc.—a U.S.-based provider of endovascular solutions for aortic disease. Terumo Corporation expanded its existing product portfolio with this strategic acquisition.

Abdominal Aortic Aneurysm Repair Devices Market Taxonomy

The global abdominal aortic aneurysm repair devices market is segmented on the basis of product type, end user, and region

  • Product Type
    • Stents
    • Sheaths
    • Catheters
    • Balloons
    • Wires
    • Others
  • End User
    • Hospitals
    • Ambulatory Surgical Centers
  • Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users