Discover trends, market shifts, and competitive outlooks for the aortic aneurysm industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Aortic Aneurysm Market Growth Evolved From 2024 To 2025, And What’s Ahead?
The market size for aortic aneurysm has seen robust growth in the past few years. Expansion is expected from $3.74 billion in 2024 to reach $4.07 billion in 2025 with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to the growth during the historic period include an aging population, prevalence of cardiovascular ailments, advancements in diagnostic and surgical technologies, and increased awareness efforts.
Fast-paced expansion is anticipated for the aortic aneurysm market in the forthcoming years, with projections setting its value at “$6.02 billion in 2029, registering a compound annual growth rate (CAGR) of 10.3%. The promising outlook for this period can be ascribed to factors such as increasing global elderly population, growing cases of cardiovascular diseases, advances in treatment methods, awareness of genetic predisposition, and the evolution of healthcare infrastructure. The forecast period will also witness major trends including the creation of next-generation stent grafts, incorporation of technology for distant monitoring, the widespread occurrence of abdominal aortic aneurysms (AAA), and collaborative efforts in research and development.
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What Are the Core Market Drivers Propelling Growth in the Aortic Aneurysm Industry?
The increasing incidents of alcohol and tobacco use are expected to drive the growth of the aortic aneurysm market. Alcohol and tobacco, which contain nicotine, are psychoactive substances that impact the body’s central nervous system. The surge in the usage of alcohol and tobacco products is a crucial cause of aortic aneurysm. For example, the World Health Organization (WHO), a specialized Swiss agency responsible for global public health, reported in May 2022 that about 3 million deaths globally are attributable to alcohol consumption and 7 million deaths to tobacco usage each year. Moreover, around 13.5% of deaths in the 20-39 age group result from alcohol consumption. Additionally, according to 2021 data from the Centers for Disease Control and Prevention, a national public health agency based in the US, approximately 12 of every 100 U.S adults aged 18 years or older (11.5%) are current cigarette smokers and about 28.3 million adults in the US are current cigarette smokers. Hence, the increasing usage of alcohol and tobacco is fueling the aortic aneurysm market’s growth.
How Is the Aortic Aneurysm Market Segmented?
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 Regions Are Driving the Next Phase of the Aortic Aneurysm Market Growth?
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 Key Market Trends and Innovations Are Shaping the Future of the Aortic Aneurysm Industry?
Technological progress is identified as a predominant trend in the aortic aneurysm market that is gathering significant traction. Predominant companies in this market are leveraging these novel technologies as a strategy to consolidate their market presence. For instance, Medtronic plc, a medical technology firm based in Ireland, introduced the Steerant aortic guidewire in June 2024. This product, designed to improve precision in aortic procedures, is a versatile and cutting-edge instrument which enhances navigability and control during catheterization. It assists healthcare professionals in accurately navigating intricate anatomical routes, ultimately leading to improved patient results. It aims to cut down on procedural time while reducing complications involved in aortic interventions.
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How Is the Aortic Aneurysm Market Defined and What Are Its Core Parameters?
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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