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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Aortic Aneurysm Market By Type, By Product, By Treatment, By End User, and Geography
Aortic Aneurysm Market By Type, By Product, By Treatment, By End User, and Geography
Aortic Aneurysm Market size was valued at US$ 3,271 million in 2023 and is poised to grow at a significant CAGR of 10.8% over 2024-2030. An aortic aneurysm is a condition where the large artery that carries blood from the heart through the chest and torso bulges like a balloon. In an aortic aneurysm condition, the high pressure of blood pumping can split the layers of the artery wall, blood leakage can be possible which is called a dissection. Also, rupture can occur, causing bleeding inside the body. Dissections and ruptures are the cause of most deaths from aortic aneurysms. For instance, according to the Centers for Disease Control and Prevention, aortic aneurysms were the cause of 9,904 deaths in 2019 in the USA and about 59% of deaths due to aortic aneurysms happen among men. Increasing cases of cardiovascular diseases, rapid adoption of harsh unhealthy lifestyles, and unhealthy eating habits are raising the cases of aortic aneurysms worldwide. According to the World Health Organization, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. Moreover, the increasing number of smokers and the rising geriatric population is also adding a large number of patients. In addition to this, technological advancements in aortic aneurysm repair devices, the availability of reimbursement for medical devices, and new emerging treatments are driving the global aortic aneurysm repair market. However, strict government regulations, the entry barrier for new players, and reimbursement scenarios are hindering the global aortic aneurysm market growth.
In July 2022, Terumo Aortic announced their first commercial implant of the Thoraflex Hybrid device in the USA.
Study Period
2024-30Base Year
2023CAGR
10.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increasing geriatric population will increase the demand for the global aortic aneurysm market. According to the World Health Organization, the number of people aged 60 years and older was 1 billion in 2019 and this number will increase to 1.4 billion by 2030 and 2.1 billion by 2050. The geriatric population is driving the market for aneurysm repair devices and treatment especially open surgical repair. Due to the high probability of aortic aneurysm at age around 60 and above, the U.S. Preventive Services task force recommends that men 65 to 75 years old who have ever smoked should get an ultrasound screening for abdominal aortic aneurysms, even if they have no symptoms. It will further increase the number of patients with mild symptoms.
On the basis of regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. North America held the largest market share in the global aortic aneurysm market in 2021 due to rapid technological advancements, increasing demand for minimally invasive procedures, growing geriatric populations, and the rising incidence of aortic aneurysm. The Aortic Aneurysm market in the Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly owing to the prevalence of cardiovascular diseases, and growing healthcare infrastructure.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-30 |
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Market Size in 2023 |
US$ 3,271 million |
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Market CAGR |
10.8% |
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By Type |
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By Product Type |
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By Treatment |
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By End User |
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The aortic aneurysm market is projected to expand at a CAGR of 10.8% during the forecast period
Terumo Corporation, Bard, Inc., Medtronic Plc., Endologix Inc, Gore Medical, Cook Medical Inc
Asia Pacific is the fastest-growing region for the aortic aneurysm market
| 1.Executive Summary |
| 2.Global Aortic Aneurysm Market Introduction |
| 2.1.Global Aortic Aneurysm Market - Taxonomy |
| 2.2.Global Aortic Aneurysm Market - Definitions |
| 2.2.1.By Type |
| 2.2.2.By Product Type |
| 2.2.3.By Treatment |
| 2.2.4.By End User |
| 2.2.5.Region |
| 3.Global Aortic Aneurysm Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Aortic Aneurysm Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Aortic Aneurysm Market By By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Thoracic |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Abdominal |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Aortic Aneurysm Market By By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Stent Grafts |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Catheter |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Guidewire |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Aortic Aneurysm Market By By Treatment, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Endovascular Aneurysm Repair |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Open Surgical Repair |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Aortic Aneurysm Market By By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Hospitals |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Ambulatory Surgical Centers |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Clinics |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Aortic Aneurysm Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Aortic Aneurysm Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Thoracic |
| 10.1.2.Abdominal |
| 10.2. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Stent Grafts |
| 10.2.2.Catheter |
| 10.2.3.Guidewire |
| 10.2.4.Others |
| 10.3. By Treatment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Endovascular Aneurysm Repair |
| 10.3.2.Open Surgical Repair |
| 10.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Hospitals |
| 10.4.2.Ambulatory Surgical Centers |
| 10.4.3.Clinics |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Aortic Aneurysm Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Thoracic |
| 11.1.2.Abdominal |
| 11.2. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Stent Grafts |
| 11.2.2.Catheter |
| 11.2.3.Guidewire |
| 11.2.4.Others |
| 11.3. By Treatment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Endovascular Aneurysm Repair |
| 11.3.2.Open Surgical Repair |
| 11.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Hospitals |
| 11.4.2.Ambulatory Surgical Centers |
| 11.4.3.Clinics |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Aortic Aneurysm Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Thoracic |
| 12.1.2.Abdominal |
| 12.2. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Stent Grafts |
| 12.2.2.Catheter |
| 12.2.3.Guidewire |
| 12.2.4.Others |
| 12.3. By Treatment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Endovascular Aneurysm Repair |
| 12.3.2.Open Surgical Repair |
| 12.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Hospitals |
| 12.4.2.Ambulatory Surgical Centers |
| 12.4.3.Clinics |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Aortic Aneurysm Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Thoracic |
| 13.1.2.Abdominal |
| 13.2. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Stent Grafts |
| 13.2.2.Catheter |
| 13.2.3.Guidewire |
| 13.2.4.Others |
| 13.3. By Treatment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Endovascular Aneurysm Repair |
| 13.3.2.Open Surgical Repair |
| 13.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Hospitals |
| 13.4.2.Ambulatory Surgical Centers |
| 13.4.3.Clinics |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Aortic Aneurysm Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. By Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Thoracic |
| 14.1.2.Abdominal |
| 14.2. By Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Stent Grafts |
| 14.2.2.Catheter |
| 14.2.3.Guidewire |
| 14.2.4.Others |
| 14.3. By Treatment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Endovascular Aneurysm Repair |
| 14.3.2.Open Surgical Repair |
| 14.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Hospitals |
| 14.4.2.Ambulatory Surgical Centers |
| 14.4.3.Clinics |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Terumo Corporation |
| 15.2.2.Bard, Inc. |
| 15.2.3.Medtronic Plc. |
| 15.2.4.Endologix Inc |
| 15.2.5.Gore Medical |
| 15.2.6.Cook Medical Inc |
| 15.2.7.Cardiatis S.A. |
| 15.2.8.Lombard Medical |
| 15.2.9.Cardinal Health Inc. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.