Comprehensive Analysis of the Aortic Aneurysm Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What is the Projected Compound Annual Growth Rate (CAGR) of the Aortic Aneurysm Market from 2025 to 2034, and What Factors Influence It?
The market for aortic aneurysms has experienced significant growth in recent times. Anticipated to rise from $3.74 billion in 2024 to about $4.07 billion in 2025, it’s expected to exhibit a compound annual growth rate (CAGR) of 8.9%. Factors contributing to the growth during the historic period include an aging population, increasing instances of cardiovascular diseases, advancements in surgical procedures, improvements in diagnostic technology, and the instigation of awareness programs.
In the upcoming years, we predict rapid expansion in the aortic aneurysm market. By 2029, the market is projected to reach “$6.02 billion, with an annual compound growth rate of 10.3%. This growth can be attributed to several factors, including an increase in the global aging population, a rise in cardiovascular disease cases, advancements in treatment methods, increased awareness of genetic predispositions, and the development of healthcare infrastructure. Key trends for the forecast period include the creation of next-generation stent grafts, the integration of technology for remote monitoring, the prevalence of abdominal aortic aneurysms (AAA), and cooperative efforts in research and development.
Which Major Market Drivers Are Expected to Boost the aortic aneurysm Market’s Growth Potential?
The upward trend in alcohol and tobacco usage is likely to boost the aortic aneurysm market. These substances, which contain nicotine and are psychoactive, impact the body’s central nervous system. The heightened intake of alcohol and tobacco products is a primary factor in aortic aneurysm cases. As an example, a May 2022 report from the World Health Organization, a Switzerland-based international public health organization, stated that around 3 million deaths occur annually due to alcohol consumption and 7 million due to tobacco use globally. Moreover, roughly 13.5% of deaths in the 20-39 age bracket are attributed to alcohol use. According to 2021 data from the Centers for Disease Control and Prevention, an American public health body, 12 out of every 100 U.S. adults aged 18 years or older (representing 11.5%) are current cigarette smokers, and 28.3 million adults in the U.S. presently smoke cigarettes. As a result, the escalating trend in the use of alcohol and tobacco is propelling the expansion of the aortic aneurysm market.
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Who Are the Leading Players Fueling Growth in the Aortic Aneurysm Market?
Major companies operating in the aortic aneurysm market include:
• Cardiatis SA_x000D_
• Cook Medical Inc._x000D_
• Endologix LLC_x000D_
• W L Gore & Associates Inc._x000D_
• JOTEC GmbH_x000D_
What Are the Emerging Trends Shaping the Future of the Aortic Aneurysm Market?
The burgeoning trend of technological innovation is significantly influencing the aortic aneurysm market. Leading players in this market are capitalizing on advanced technologies to solidify their market standing. An example of this is the Ireland-based Medtronic plc who, in June 2024, unveiled the Steerant aortic guidewire. This groundbreaking device was designed to augment precision in aortic procedures. The tool offers enhanced flexibility and superior control during catheterization, thus facilitating healthcare providers to efficiently navigate intricate anatomical routes and deliver improved patient results. The ultimate aim is to decrease the duration of the procedure and minimize potential complications during aortic treatments.
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How Are the Key Segments of the Aortic Aneurysm Market Driving Opportunities and Innovations?
The aortic aneurysm market covered in this report is segmented –
1) By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)
2) By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)
3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers (ASCs), Other End Users
Subsegments:
1) By Thoracic Aortic Aneurysm (TAA): Ascending Aortic Aneurysm, Arch Aortic Aneurysm, Descending Aortic Aneurysm
2) By Abdominal Aortic Aneurysm (AAA): Infrarenal Aneurysm, Pararenal Aneurysm, Juxtarenal Aneurysm
Which Regions Are Driving Growth in the Aortic Aneurysm Market?
North America was the largest region in the aortic aneurysm market in 2024. The regions covered in the aortic aneurysm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Defines the Scope of the Aortic Aneurysm Market?
An aortic aneurysm is a balloon-like growth in the aorta, the major artery that delivers blood from the heart through the chest and torso. Certain medical conditions, genetic problems, and pressure can weaken the aorta, and the blood flow along these walls can cause an aneurysm. These aneurysms can be tube-shaped or round.
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