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Aortic Aneurysm: A Leading Driver Behind Alcohol And Tobacco Drive Growth In The Aortic Aneurysm Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Aortic Aneurysm Industry Market Size Be by 2025?
The market size of aortic aneurysm has witnessed robust growth over the past few years. Its size is anticipated to escalate from $3.74 billion in 2024 to $4.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.9%. Factors attributing to the growth during the historic period include a surge in the old-age population, an increase in cardiovascular diseases, enhancements in diagnostic technologies, advancements in surgery, and raised awareness through various programs.
What's the Long-Term Growth Forecast for the Aortic Aneurysm Market Size Through 2029?
Expectations are high for the aortic aneurysm market to experience significant growth in the upcoming years, potentially reaching a market size of $6.02 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. This surge in growth during the forecast period can be attributed to factors such as the global increase in the aging population, a rise in the prevalence of cardiovascular diseases, considerable advancements in treatment methods, heightened awareness of genetic predisposition, and the development of healthcare infrastructure. Notable market trends for the forecast period include the creation of next-generation stent grafts, incorporation of technology for remote patient monitoring, an increase in the occurrence of abdominal aortic aneurysms (AAA), and partnerships in research and development initiatives.
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What Are the Key Growth Drivers Fueling the Aortic Aneurysm Market Expansion?
The aortic aneurysm market is anticipated to grow due to the increasing use of alcohol and tobacco. Nicotine-rich alcohol and tobacco are psychoactive substances that impact the body's central nervous system. The surge in alcohol and tobacco usage is a major contributor to aortic aneurysm. As per a report by the World Health Organization (WHO), a Switzerland-based agency in charge of international public health, in May 2022, approximately 3 million and 7 million deaths occur annually due to alcohol and tobacco consumption, respectively. Particularly, in the 20-39 age group, around 13.5% of deaths are alcohol-related. Furthermore, according to the Centers for Disease Control and Prevention, in 2021, roughly 12 out of every 100 U.S. adults over 18 years old (11.5%) smoke cigarettes and about 28.3 million American adults are smokers. Consequently, the escalating consumption of alcohol and tobacco propels the expansion of the aortic aneurysm market.
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What Are the Key Trends Driving Aortic Aneurysm Market Growth?
The rise of technological advancements has become the prominent trend in the aortic aneurysm market. Leading companies in this sector are exploring and implementing cutting-edge technology to cement their market presence. For example, in June 2024, Medtronic plc, a medical technology company based in Ireland, introduced the Steerant aortic guidewire. This equipment is designed to bolster accuracy in aortic procedures. This adaptable and sophisticated instrument offers superior maneuverability and control during catheterization, thereby making it easier for doctors to navigate intricate anatomical routes and improve patient outcomes. This device aims to cut down procedure time and mitigate complications in aortic interventions.
How Is the Aortic Aneurysm Market Segmented?
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 Companies Are Leading the Charge in Aortic Aneurysm Market Innovation?
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.
Which Regions Are Leading the Global Aortic Aneurysm Market in Revenue?
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
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