Understanding Key Drivers and Growth Opportunities in the Aortic Aneurysm Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theAortic Aneurysm Market?
The escalating usage of substances like alcohol and tobacco, which contain nicotine that affects the central nervous system, is anticipated to drive the growth of the aortic aneurysm market. It’s widely known that the high consumption of alcohol and tobacco products serves as a primary contributor to aortic aneurysm. To illustrate, a report from the World Health Organization (WHO), a Switzerland-based agency dedicated to international public health, stated in May 2022 that alcohol and tobacco consumption cause approximately 3 million and 7 million deaths annually, respectively, on a global scale. In addition, among individuals aged 20-39, roughly 13.5% of deaths can be attributed to alcohol intake. Moreover, data from the Centers for Disease Control and Prevention, a national public health institute in the US, showed that nearly 11.5% of U.S. adults aged 18 or above are current cigarette smokers, equating to about 12 in every 100 U.S. adults and more than 28.3 million adult smokers in the nation in 2021. Consequently, the aortic aneurysm market is being fuelled by the escalating prevalence of alcohol and tobacco consumption.
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#What is the Growth Potential of the Aortic Aneurysm Market, and How Will It Perform by 2034?
The market size for aortic aneurysm has experienced robust growth in the past few years. It’s expected to rise from $3.74 billion in 2024 to an estimated $4.07 billion in 2025 with a compound annual growth rate (CAGR) of 8.9%. Factors attributing to this growth during the historic period include the aging population, rising incidence of cardiovascular diseases, advancements in diagnostic and surgical technologies, and increased awareness programs.
In the coming years, the aortic aneurysm market is anticipated to experience accelerated growth, anticipated to touch “$6.02 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The expansion during the prediction timeline can be linked to several factors including a growing aging population globally, increased instances of cardiovascular conditions, progress in treatment methods, awareness about genetic predisposition, and enhancements in healthcare structures. Key trends for the forecasting period are set to include the introduction of next-gen stent grafts, adoption of technology for distance-based tracking, the rising occurrences of abdominal aortic aneurysms (AAA), and partnerships towards research and development.
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What Key Market Trends and Innovations Are Shaping the Future of theAortic Aneurysm Industry?
The aortic aneurysm market is seeing a significant trend with technological advancements taking the center stage. Key players in this market are venturing into the development and application of innovative technologies to bolster their market presence. For example, in June 2024, the Ireland-based medical technology firm, Medtronic plc, introduced the Steerant aortic guidewire. This device is engineered to boost precision in aortic procedures. It offers a flexible and advanced solution for enhanced maneuverability and control during catheterization, allowing medical professionals to navigate intricate anatomical routes more efficiently and yield improved patient outcomes. The device’s goal is to diminish procedural durations and mitigate complications during aortic interventions.
Which Companies Are Leading the Charge in Expanding theAortic Aneurysm Market Growth?
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.
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How is the Global Aortic Aneurysm Market Segemented?
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 Geographics 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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