How is the Aortic Aneurysm Market Poised for Growth: Trends and Opportunities Through 2034
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How has the aortic aneurysm market grown in recent years?
The market size for aortic aneurysm treatments has seen significant growth in the last few years. Seeing an increase from $3.74 billion in 2024, the market is predicted to hit $4.07 billion by 2025, indicating a compound annual growth rate (CAGR) of 8.9%. Factors contributing to the growth during the historical period include the rising elderly population, increased cases of cardiovascular disorders, advancements in surgical procedures, enhancements in diagnostic technology, as well as awareness campaigns.
How is the aortic aneurysm market size expected to evolve during the forecast period?
The market for aortic aneurysm is set to proliferate swiftly in the coming years, reaching a staggering “$6.02 billion by 2029, recording a compound annual growth rate (CAGR) of 10.3%. The predicted growth within the forecast period is driven by factors such as the increasing elderly populace worldwide, heightened occurrence of cardiovascular ailments, improvements in treatment methods, knowledge regarding genetic predisposition, and advancements in healthcare infrastructure. Future trends within the projected period involve the creation of advanced stent grafts, the adoption of technology for distance monitoring, the widespread incidence of abdominal aortic aneurysms (AAA), and partnerships in research and development.
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Which key drivers are propelling the aortic aneurysm market’s growth?
The escalating rates of alcohol and tobacco intake are anticipated to drive the growth of the aortic aneurysm market. Alcohol and nicotine in tobacco are psychoactive compounds that influence the body’s central nervous system. The heightened use of these products is a major contributor to aortic aneurysm. For example, a report from the Switzerland-based World Health Organization (WHO), a specialized agency for international public health, disclosed in May 2022 that around 3 million deaths annually are caused by alcohol consumption, and 7 million deaths are due to tobacco consumption globally. Moreover, about 13.5% of deaths among individuals aged 20-39 are linked to alcohol intake. Further data from the Centers for Disease Control and Prevention, a US national public health agency, revealed in 2021 that approximately 11.5% or 12 in every 100 US adults aged 18 years or older are current cigarette smokers. This represents 28.3 million adults in the US. Hence, the accelerating prevalence of alcohol and tobacco use is bolstering the aortic aneurysm market’s expansion.
What are the market segments in the aortic aneurysm industry?
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
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Which leading companies are shaping the growth of the aortic aneurysm market?
Major companies operating in the aortic aneurysm market include Cardiatis SA, Cook Medical Inc., Endologix LLC, W L Gore & Associates Inc., JOTEC GmbH, Lombard Medical Limited., Medtronic plc, Terumo Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, Endospan Ltd., LifeTech Scientific Corporation, B. Braun Melsungen AG, EndoEvolution LLC, CryoLife Inc., Intuitive Surgical Inc., Synovis Micro Companies Alliance Inc., Meril Life Sciences Pvt. Ltd., Vitalitec International GmbH, Getinge AB, CONMED Corporation, Becton, Dickinson and Company, Baxter International Inc., Johnson & Johnson Services Inc., Cardinal Health Inc., TriVascular Technologies Inc., Vascutek Ltd., Aptus Endosystems Inc., Bolton Medical Inc., EndoVascular Technologies Inc., Endurant Energy LLC, LeMaitre Vascular Inc.
What key trends are currently impacting the aortic aneurysm market’s development?
Innovations in technology are currently the leading trends that are increasingly gaining traction in the aortic aneurysm market. Companies operating in this market are adopting these emerging technologies to solidify their market presence. One such example includes Medtronic plc, an Ireland-based firm specializing in medical technology. In June 2024, they introduced Steerant aortic guidewire, an instrument crafted for increased precision in aortic procedures. This sophisticated and flexible tool facilitates better control and maneuverability during catheterization, enabling medical practitioners to traverse complex anatomical pathways more efficiently and achieve improved patient outcomes. The intention is to hasten the procedural timeline and reduce the adversities linked with aortic interventions.
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Which geographic areas are influencing the growth of 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
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