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In-Depth Analysis of the Aortic Aneurysm Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Aortic Aneurysm Market Size
The aortic aneurysm market is anticipated to be driven by the increasing incidents of alcohol and tobacco intake. These psychoactive substances, which contain nicotine, impact the body's central nervous system, and their heightened use is a primary contributor to aortic aneurysm. A report produced by the World Health Organization (WHO), a Switzerland-based agency dedicated to global public health, revealed in May 2022, that approximately 3 million and 7 million deaths annually are attributed to alcohol and tobacco use respectively. Moreover, nearly 13.5% of fatalities among 20-39 year olds are linked to alcohol use. Additionally, data from the Centers for Disease Control and Prevention, a public health entity in the US, indicated that in 2021, approximately 12 out of every 100 U.S. adults aged 18 years or older (11.5%) were active cigarette smokers, and 28.3 million adults in the US were smoking cigarettes. The escalating rates of alcohol and tobacco use are therefore contributing to the expansion of the aortic aneurysm market.
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What Is the projected market size and growth rate for the aortic aneurysm market?
The size of the aortic aneurysm market has seen robust growth in recent times. It will escalate from $3.74 billion in 2024 to $4.07 billion in 2025, marking a compound annual growth rate (CAGR) of 8.9%. This growth during the historical phase can be credited to the rising elderly population, the commonness of cardiovascular conditions, advancements in diagnostic technology, surgical progress, and initiatives to boost awareness.
In the coming years, the market for aortic aneurysm is set to experience a significant expansion. It is predicted to reach a valuation of "$6.02 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 10.3%. This upward trend over the forecast period can be traced back to factors like an ageing global population, an uptick in cardiovascular disease incidence, enhancements in treatment methods, increased awareness regarding genetic predisposition, and the growth of healthcare infrastructure. Key trends for the forecast period involve comprehensive advancements in stent graft technology, the incorporation of technology for distance monitoring, increased cases of abdominal aortic aneurysms (AAA), and cooperative efforts in research and development.
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What new trends are reshaping the aortic aneurysm market and its opportunities?
The aortic aneurysm market is significantly influenced by technological developments, which is becoming a prominent trend. Established companies in this market are implementing cutting-edge technologies to fortify their market standing. For example, an Irish medical technology company, Medtronic plc, in June 2024 introduced the Steerant aortic guidewire. This device, specifically crafted to increase precision in aortic procedures, is a flexible and superior tool. It offers enhanced maneuverability and control in catheterizations, allowing healthcare professionals to more effectively traverse intricate anatomical pathways and deliver improved patient outcomes. The aim is to lessen the duration of procedures and decrease complications during aortic interventions.
What major market segments define the scope and growth of the aortic aneurysm market?
The aortic aneurysm market covered in this report is segmented -
1) By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)
2) By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)
3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers (ASCs), Other End Users
Subsegments:
1) By Thoracic Aortic Aneurysm (TAA): Ascending Aortic Aneurysm, Arch Aortic Aneurysm, Descending Aortic Aneurysm
2) By Abdominal Aortic Aneurysm (AAA): Infrarenal Aneurysm, Pararenal Aneurysm, Juxtarenal Aneurysm
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Which region dominates the aortic aneurysm market?
North America was the largest region in the aortic aneurysm market in 2024. The regions covered in the aortic aneurysm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the aortic aneurysm industry growth?
Major companies operating in the aortic aneurysm market include Cardiatis SA, Cook Medical Inc., Endologix LLC, W L Gore & Associates Inc., JOTEC GmbH, Lombard Medical Limited., Medtronic plc, Terumo Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, Endospan Ltd., LifeTech Scientific Corporation, B. Braun Melsungen AG, EndoEvolution LLC, CryoLife Inc., Intuitive Surgical Inc., Synovis Micro Companies Alliance Inc., Meril Life Sciences Pvt. Ltd., Vitalitec International GmbH, Getinge AB, CONMED Corporation, Becton, Dickinson and Company, Baxter International Inc., Johnson & Johnson Services Inc., Cardinal Health Inc., TriVascular Technologies Inc., Vascutek Ltd., Aptus Endosystems Inc., Bolton Medical Inc., EndoVascular Technologies Inc., Endurant Energy LLC, LeMaitre Vascular Inc.
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What Is Covered In The Aortic Aneurysm Global Market Report?
• Market Size Forecast: Examine the aortic aneurysm market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aortic aneurysm market for a structured understanding.
• Key Players Overview: Analyze major players in the aortic aneurysm market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aortic aneurysm market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aortic aneurysm market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aortic aneurysm market.
• Industry Challenges: Identify potential risks and obstacles affecting the aortic aneurysm market.
• Competitive Landscape: Review strategic developments in the aortic aneurysm market, including expansions, agreements, and new product launches.
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