PUBLISHER: SkyQuest | PRODUCT CODE: 1461478
PUBLISHER: SkyQuest | PRODUCT CODE: 1461478
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
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.
Table of Contents
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
