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.
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 |
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Growth Drivers
Challenges
Stringent Regulatory Framework
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 |
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Product Type |
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Treatment Type |
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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.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: 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.
Ans: The market is anticipated to attain a CAGR of 5.5% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are W. L. Gore & Associates, Inc., MicroPort Scientific Corporation, LLC, Terumo Corporation, Boston Scientific Corporation, and others.
Ans: 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.
Ans: The market is segmented by type, product type, treatment type, and by region.
Ans: The abdominal aortic aneurysm (AAA) segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: High research and development activities are estimated to be the growth-hindering factors for market expansion.
Ans: 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.
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