Aortic Aneurysm Market Size & Share, by Type (Abdominal, Thoracic); Product Type (Stent Grafts, Catheters); Treatment Type {Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5073
  • Published Date: Jun 25, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Market Definition & Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers/Distributors
      3. End-Users
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary
  6. Market Dynamics
    1. Drivers
    2.  Trends
    3. Opportunity
  7. Major Roadblocks for the Market Growth
  8. Regulatory & Standards Landscape
    1. Guidelines for Diagnosis and Treatment of Aortic Aneurysm
    2. Abdominal Aortic Aneurysm Screening Program Standards
    3. Society for Vascular Surgery Practice Guidelines on the Care of Patients with an Abdominal Aortic Aneurysm
    4. FDA Regulations for Medical Devices
    5. EU Medical Devices Legislation
    6. APAC Regulations for Medical Device Regulation
  9. Industry Risk Analysis
  10. Value Chain Analysis
  11. Average Pricing Analysis of Aortic Aneurysm
  12. Analysis on End User
  13. Clinical Trial for Aortic Aneurysm
  14. Products Available in the Market & New Launches in Japan
  15. Regional Demand Analysis
  16. Competitive Landscape
    1. Market share analysis, 2022
    2. Global Aortic Aneurysm Market Ranking – 2022
    3. Competitive Positioning
    4. Competitive Benchmarking
    5. Competitive Landscape
    6. Medtronic
      1. Detailed Overview
      2. Assessment of Key Offering
      3. Analysis of Growth Strategies
      4. Exhaustive Analysis on Key Financial Indicators
      5. Recent Developments
      6. W. L. Gore & Associates, Inc.
      7. MicroPort Scientific Corporation
      8. Terumo Corporation
      9. Endologix LLC
      10. Boston Scientific Corporation
      11. Japan Lifeline Co., Ltd.
  17. Global Aortic Aneurysm Market Outlook
    1. Market Overview
    2. By Value (USD Million)
    3. Global Aortic Aneurysm Market Segmentation Analysis 2022-2035
      1. By Type  
        1. Abdominal Aortic Aneurysm (AAA), 2022-2035F (USD Million)
        2. Thoracic Aortic Aneurysm (TAA), 2022-2035F (USD Million)
      2. By Product Type  
        1. Stent Grafts, 2022-2035F (USD Million)
        2. Catheters, 2022-2035F (USD Million)
      3. By Treatment Type  
        1. Open Surgical Repair (OSR), 2022-2035F (USD Million)
        2. Endovascular Aneurysm Repair (EVAR), 2022-2035F (USD Million)
      4. By Region
        1. North America, 2022-2035F (USD Million)
        2. Europe, 2022-2035F (USD Million)
        3. Asia Pacific, 2022-2035F (USD Million))
  18. North America Aortic Aneurysm Market Outlook
    1. Market Overview
    2. By Value (USD Million)
    3. North American Aortic Aneurysm Segmentation Analysis 2022-2035
      1. By Type 
        1. Abdominal Aortic Aneurysm (AAA), 2022-2035F (USD Million)
        2. Thoracic Aortic Aneurysm (TAA), 2022-2035F (USD Million)
      2. By Product Type 
        1. Stent Grafts, 2022-2035F (USD Million)
        2. Catheters, 2022-2035F (USD Million)
      3. By Treatment Type 
        1. Open Surgical Repair (OSR), 2022-2035F (USD Million)
        2. Endovascular Aneurysm Repair (EVAR), 2022-2035F (USD Million)
      4. By Country
        1. United States, 2022-2035F (USD Million)
        2. Canada, 2022-2035F (USD Million)
  19. Europe Aortic Aneurysm Market Outlook
    1. Market Overview
    2. By Value (USD Million)
    3. Europe Aortic Aneurysm Segmentation Analysis 2022-2035
      1. By Type  
      2. By Product Type
      3. By Treatment Type 
      4. By Country
        1. United Kingdom, 2022-2035F (USD Million)
        2. Germany, 2022-2035F (USD Million)
        3. Italy, 2022-2035F (USD Million)
        4. Spain, 2022-2035F (USD Million)
        5. Russia, 2022-2035F (USD Million)
        6. Netherland, 2022-2035F (USD Million)
        7. France, 2022-2035F (USD Million)
        8. Rest of Europe, 2022-2035F (USD Million)
  20. Asia Pacific Aortic Aneurysm Market Outlook
    1. Market Overview
    2. By Value (USD Million)
    3. Asia Pacific Aortic Aneurysm Segmentation Analysis 2022-2035
      1. By Type 
      2. By Product Type
      3. By Treatment Type 
      4. By Country
        1. China, 2022-2035F (USD Million)
        2. India, 2022-2035F (USD Million)
        3. Japan, 2022-2035F (USD Million)
        4. South Korea, 2022-2035F (USD Million)
        5. Singapore, 2022-2035F (USD Million)
        6. Australia, 2022-2035F (USD Million)
        7. Rest of Asia Pacific, 2022-2035F (USD Million)
        8. Rest of Asia Pacific, 2022-2035F (USD Million)
  21. Japan Aortic Aneurysm Market Outlook
    1. Market Overview
    2. By Value (USD Million)
    3. Japan Aortic Aneurysm Analysis 2022-2035
      1. By Type 
      2. By Product Type
      3. By Treatment Type

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Aortic Aneurysm Market size is set to reach USD 5.4 Billion by the end of 2035, witnessing around 5.5% CAGR during the forecast period i.e. 2023-2035. In the year 2022, the industry size of aortic aneurysm was USD 3.2 Billion. The demand for aortic aneurysm treatment is growing faster due to the prevalence of abdominal aortic aneurysms (AAAs) worldwide. An abdominal aortic aneurysm (AAA) refers to a bulge or enlargement of the aorta, the primary blood vessel that supplies blood to the body from the abdomen.

In addition, the various causes of aortic aneurysms are sudden injury, high blood pressure, obesity, and others. There are two types of treatment that are majorly adopted for aortic aneurysms such as open surgical repair, and endovascular aneurysm repair. Generally, stent grafts are utilized globally in endovascular transcatheter aortic repair techniques to seal aortic aneurysms. Whereas, endovascular stent grafting or endovascular aneurysm repair is an effective alternative to open surgery for the treatment of abdominal aortic aneurysms.


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Aortic Aneurysm Sector: Growth Drivers and Challenges

Growth Drivers

  • High Prevalence of Consumption of Tobacco in Developing and Developed Countries - The most significant risk factor for developing an abdominal aortic aneurysm is smoking and tobacco use. Cigarette smoking substantially increases the risk of AAA. The risk is inversely proportional to the duration of smoking history and relapse. More than 80 percent of the world's 1,3 billion tobacco consumers reside in nations with low or middle incomes, according to the WHO. In 2020, 22.3% of the worldwide population used tobacco, including 36.7% of men and 7.8% of women.
  • Increasing Prevalence of Atherosclerosis – Atherosclerosis is also known as arterial calcification. This vascular disease is the leading cause of coronary artery disease, stroke, peripheral arterial disease (PAD), abdominal aortic aneurysm (AAA), etc. In developed nations such as the United States, Canada, the United Kingdom, Germany, and others, the rupture of an abdominal aortic aneurysm (AAA) is the leading cause of death for adults over 60.
  • Rise in Geriatric Population Worldwide – According to screening studies, 2 to 13% of males and 6% of females over the age of 65 have AAAs. However, approximately 90% of aneurysms discovered through screening are small (less than 3.5 cm in diameter) and unlikely to rupture. The increasing elderly population and prevalence of aortic aneurysms in Western nations present opportunities for growth in the aortic aneurysm market. In the 2019 third revision of global population projections, 16% of the global population will be over 65, up from 11% in 2019.
  • Increasing Product Launches and Investment– Major players adopt product launches and mergers/acquisitions as key developmental strategies to improve the product portfolio. For instance, in April 2018, Bolton Medical and Vascutek Ltd., both situated in the United States, merged to strengthen their position in the global aortic and vascular implants market. Following this acquisition, it is anticipated that the merged company will strengthen its position in the global market and expand its portfolio of medicinal products.  In addition, Terumo Corporation introduced its first commercial case of the aortic balloon in the United States in December 2021. This device facilitates physicians in expanding the aorta during endovascular aortic repair using TREO and RELAY stent-grafts. This will enhance the product lineup and expand the company's geographical presence.

Challenges

  • High Research and Development Activities - In the medical devices industry, research and development are crucial. Due to the industry's high competition and diversity, research enables businesses to design products that meet market demands. consumers are attracted to high-quality products, so this will attract consumers from already-established businesses on the market. This strategy works in both developed and developing nations. Due to high start-up costs resulting from research and development activities and stringent rules and regulations adopted by the regulatory authority, the entry of minor players into the aortic aneurysm market may be restricted; this is the most significant challenge faced by market participants. This may inhibit market growth to some extent.
  • High Capital Cost

Stringent Regulatory Framework

Aortic Aneurysm Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

5.5%

Base Year Market Size (2022)

USD 3,246.8 Million

Forecast Year Market Size (2035)

USD 5,474.2 Million

Regional Scope

  • North America (U.S., and Canada)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Latin America (Brazil, Argentina, Mexico, Rest of Latin America)
  • Middle East& Africa (GCC, Israel, South Africa, Rest of Middle East & Africa)
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Aortic Aneurysm Segmentation

Type (Abdominal Aortic Aneurysm, Thoracic Aortic Aneurysm)

Over the forecasted time range, the abdominal aortic aneurysm segment is projected to gain the biggest market share of 90 percent. The abdominal aorta aneurysm is a permanent focal dilation that is among the most prevalent site of the true arterial aneurysm, causing a 50% increase in the average size of the healthy aorta and afflicting the segment below the renal arteries predominately. A 2021 study concluded that those with advanced male sex from a white population, a positive family history of AAA, and smoking behaviors are at a higher risk of developing AAA than the rest of the population. Women over the age of 70 who have underlying risk factors like as hypertension, on the other hand, may be urged to have a AAA screening.

Product Type (Stent Grafts, Catheters)

The stent-grafts segment is estimated to account for 84.2% of the aortic aneurysm market in 2022. This method of endovascular stent grafting or endovascular aneurysm restoration is a novel form of treatment for an abdominal aortic aneurysm that is not as much invasive as open surgery. Manufacturers also provide their customers with the facility of customization by using measurements from your CT scan. These custom aortic stents can be made with holes, branches, or a combination of both. In this manner, the main stent seals' the aneurysm while maintaining blood circulation to your important organs.

Our in-depth analysis of the global market includes the following segments:

      Type

  • Abdominal Aortic Aneurysm (AAA)
  • Thoracic Aortic Aneurysm (TAA)

      Product Type

  • Stent Grafts
  • Catheters

     Treatment Type

  • Open Surgical Repair (OSR)
  • Endovascular Aneurysm Repair (EVAR)

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Aortic Aneurysm Industry - Regional Synopsis

North American Market Forecast

The aortic aneurysm market in North America, is forecasted to hold the largest revenue of USD 2191.6 Million by the end of 2035. Moreover, the market in the North American region generated a revenue of USD 1, 276.1 million in 2022. Significant factors in the region include the presence of top-notch healthcare infrastructure and constant technological progress in the medical industry. North America has provided a profitable opportunity for companies to invest significantly in their R&D units and eventually come up with approaches that will aid in effectively treating the diseases but also increase affected patients’ lifespan. Through social media, populations in this region have become aware of various benefits of EVAR (Endovascular aneurysm repair) procedures critical for treating abdominal aortic aneurysm repair devices. Furthermore, healthcare professionals in North America are also opting for all these procedures because of minimized patient impediment and reduced time in the operating room.

APAC Market Statistics

The Asia Pacific aortic aneurysm market is set to witness the highest growth by witnessing a CAGR of 6.5 percent between the forecasted time frame. Various key players in the Asia Pacific region are investing heavily in developing innovative medical products that help treat the growing number of chronic diseases, particularly in countries such as China, India, and Japan. Also, regulatory bodies are promoting the use of abdominal aortic aneurysm repair devices more and more in these countries.

Research Nester
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Companies Dominating the Aortic Aneurysm Landscape

top-features-companies
    • Medtronic
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • W. L. Gore & Associates, Inc.
    • MicroPort Scientific Corporation
    • Terumo Corporation
    • Endologix LLC
    • Boston Scientific Corporation
    • Japan Lifeline Co., Ltd.
    • Other Prominent Players

In-the-news

In The News

  • MicroPort Scientific Corporation, a leading medical equipment manufacturer, received registration approval for its Hercules Low Profile Thoracic Stent Graft from the Indian Central Drugs Standard Control Organization (CDSCO). This approval clears the entry of the first Endovastec product for marketing in India.
  • Terumo Corporation, a medical equipment leader, announced that it received FDA approval to commercialize the Thoraflex Hybrid Frozen Elephant Trunk (FET) device in the US. It is a single-use medical equipment collective with a Gelweave polyester graft and Nitinol self-expanding stent-graft in instances of aneurysm or dissection.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5073
  • Published Date: Jun 25, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

A significant percentage of tobacco use in both developing and developed nations, the rising geriatric population, and others are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5.5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are W. L. Gore & Associates, Inc., MicroPort Scientific Corporation, LLC, Terumo Corporation, Boston Scientific Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, product type, treatment type, and by region.

The abdominal aortic aneurysm (AAA) segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High research and development activities are estimated to be the growth-hindering factors for market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Aortic Aneurysm Market Report Scope
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