Aortic Aneurysm Market Outlook 2025 – Insights for Executive and Strategic Planning
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How Has the Aortic Aneurysm Market Grown from 2024 to 2025?
There has been robust growth in the size of the aortic aneurysm market recently. Projections show that the market is expected to increase from $3.74 billion in 2024 to $4.07 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The progression in the past period has been largely due to factors such as an increasingly elderly population, higher occurrences of cardiovascular diseases, advancements in diagnostic tools, improved surgical procedures, and health awareness campaigns.
What Growth Rate Is Anticipated for the Aortic Aneurysm Market in the Coming Years?
The market for aortic aneurysms is predicted to experience significant growth in the coming years, expanding to a value of “$6.02 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.3%. This growth over the forecast period can be credited to factors such as the increase in the global elderly population, a rise in cardiovascular disease cases, advancements in treatment options, awareness of genetic predispositions, and developments in healthcare infrastructure. Noteworthy trends for the forecast period encompass the creation of next-generation stent grafts, the incorporation of technology for distant monitoring, the ubiquity of abdominal aortic aneurysms (AAA), and cooperation in research and development activities.
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Who Are the Leading Companies in 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 Are the Key Drivers of the Aortic Aneurysm Market?
The escalating rates of alcohol and tobacco usage are anticipated to fuel the growth of the aortic aneurysm market in the future. Alcohol and nicotine-infused tobacco are psychoactive substances that impact the body’s central nervous system. The surge in alcohol and tobacco product usage is a primary cause of aortic aneurysms. For instance, a report from the World Health Organization (WHO), a Switzerland-based agency in charge of global public health, revealed in May 2022 that around 3 million deaths per year are attributed to alcohol consumption, with 7 million deaths as a result of tobacco use worldwide. Moreover, in individuals between the ages of 20 and 39, roughly 13.5% of deaths are due to alcohol consumption. Additionally, in 2021, the Centers for Disease Control and Prevention, a US national public health agency, reported that about 12 out of every 100 U.S. adults (11.5%), 18 years or older, presently smoke cigarettes, equating to 28.3 million adult smokers in the US. Consequently, the growing rates of alcohol and tobacco usage are a significant catalyst for the expansion of the aortic aneurysm market.
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What Are the Key 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
What Are the Latest Trends in the Aortic Aneurysm Market?
The emergence of technological innovations is a dominant trend becoming more prevalent within the aortic aneurysm market. Prominent corporations active within this market sector are harnessing these advancements to bolster their standing. For instance, Medtronic plc, an Irish medical technology firm, unleashed the Steerant aortic guidewire in June 2024 – an innovative device designed to boost precision in aortic procedures. This sophisticated and flexible tool provides superior maneuverability and control amid catheterization, thus allowing healthcare professionals to traverse intricate anatomical pathways more effectively and deliver improved patient results. Its goal is to decrease procedure time and mitigate complications during aortic interventions.
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What Are the Key Regional Markets in the Aortic Aneurysm Industry?
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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This Report Delivers Insight On:
1. How big is the aortic aneurysm market, and how is it changing globally?
2. Who are the major companies in the aortic aneurysm market, and how are they performing?
3. What are the key opportunities and risks in the aortic aneurysm market right now?
4. Which products or customer segments are growing the most in the aortic aneurysm market?
5. What factors are helping or slowing down the growth of the aortic aneurysm market?
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