Global Aortic Aneurysm Market Size, Share, Growth Analysis, By Type(Thoracic Aortic Aneurysm, and Abdominal Aortic Aneurysm ), By Treatment(Open Surgical Repair, Endovascular Aneurysm Repair ), By Product, By End-use

Description

Global Aortic Aneurysm Market size was valued at USD 4.7 billion in 2022 and is poised to grow from 5.10 billion in 2023 to 9.81 billion in 2031, at a CAGR 8.52% during the forecast period (2024-2031).

The market's growth is primarily fueled by the increasing prevalence of atherosclerosis and the expanding aging population, alongside favorable health reimbursement regulations and a surge in demand for minimally invasive medical procedures. Global prevalence of aortic aneurysms (AA) is on the rise due to escalating cases of cardiovascular diseases, sedentary lifestyles, and unhealthy dietary habits. The growing elderly population, comprising over 16% of the total population in the United States according to the U.S. Ministry of Health and Human Services, is further amplifying this trend, expected to reach 80.8 million by 2040 and 94.7 million by 2060. Consequently, there is an anticipated increase in AA repair treatments over the next five years, attributed to the rapidly aging demographic. Individuals aged over 65 are more susceptible to aortic aneurysms due to age-related weakening of the aorta's walls, with heightened risk associated with other cardiovascular conditions.

Top-down and bottom-up approaches were used to estimate and validate the size of the global aortic aneurysm market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aortic Aneurysm Market Segmental Analysis

The global aortic aneurysm market is segmented on the basis of type, treatment, product, end-use, and region. Based on type, the market is segmented into Thoracic Aortic Aneurysm (TAA), and Abdominal Aortic Aneurysm (AAA). Based on treatment, the market is segmented into Open Surgical Repair (OSR), and Endovascular Aneurysm Repair (EVAR). Based on Product the market is segmented into Stent Grafts, and Catheters. Based on End-use the market is segmented into Hospitals, Ambulatory Surgery Centers, Clinics. Based on region the global Aortic Aneurysm Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Aortic Aneurysm Market

The rising incidence of aortic aneurysms, particularly in aging populations, is a significant driver for market growth. Factors such as hypertension, smoking, and atherosclerosis contribute to the increasing prevalence of aortic aneurysms, necessitating effective diagnosis and treatment options.

Restraints in the Global Aortic Aneurysm Market

One major obstacle within the aortic aneurysm market lies in the insufficient awareness regarding the condition among both the general populace and healthcare providers. This deficiency can lead to underdiagnosis, treatment delays, and suboptimal patient outcomes, thereby impeding the market's expansion.

Market Trends of the Global Aortic Aneurysm Market

Digital transformation has become widespread across various industries as companies adopt technologies such as artificial intelligence, machine learning, big data analytics, cloud computing, and the Internet of Things (IoT) to streamline operations, improve customer satisfaction, and secure a competitive advantage.

Product Code: SQMIG35A2601

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Aortic Aneurysm Market by Type

Market Overview
Thoracic Aortic Aneurysm (TAA)
and Abdominal Aortic Aneurysm (AAA)

Global Aortic Aneurysm Market by Treatment

Market Overview
Open Surgical Repair (OSR)
Endovascular Aneurysm Repair (EVAR)

Global Aortic Aneurysm Market by Product

Market Overview
Stent Grafts
and Catheters

Global Aortic Aneurysm Market by End-use

Market Overview
Hospitals
Ambulatory Surgery Centers
Clinics

Global Aortic Aneurysm Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Medtronic PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cook Medical
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Terumo Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lombard Medical (MicroPort Scientific Corporation)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
W. L. Gore & Associates, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Endologix, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cardinal Health, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
C. R. Bard, Inc. (Becton, Dickinson and Company)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bolton Medical (Vascutek Ltd.)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JOTEC GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Merit Medical Systems, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MicroPort Scientific Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CryoLife, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lemaitre Vascular, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Endospan Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Japan Lifeline Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Getinge AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Altura Medical (Cardinal Health)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BiFlow Medical Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LeMaitre Vascular, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Aortic Aneurysm Market Size, Share, Growth Analysis, By Type(Thoracic Aortic Aneurysm, and Abdominal Aortic Aneurysm ), By Treatment(Open Surgical Repair, Endovascular Aneurysm Repair ), By Product, By End-use - Industry Forecast 2024-2031