Aortic Aneurysm Market Size

Aortic Aneurysm Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world market for aortic aneurysms is expected to reach $ 6.04 billion by 2023 and is expected to grow at a CAGR of 5.39% from 2024 to 2032. The increase in the demand for aortic aneurysm treatment is due to the aging of the population, the rise in the prevalence of cardiovascular diseases and the development of medical technology. Moreover, the global health care system is focusing on early diagnosis and proper treatment of aortic aneurysms, which has led to the rapid growth of the market. There are several reasons for this growth, such as the development of minimally invasive surgical methods and new endovascular devices, which improve the outcome of patients and reduce the duration of postoperative care. The key players in the market, such as Medtronic, Cook Medical and W. L. Gore, are investing heavily in research and development to launch new products and improve existing therapies. Strategic alliances and collaborations are also enhancing the competition in the market. As these companies continue to respond to the needs of the health care system and patients, the market is expected to grow in the coming years.

Regional Market Size

Regional Deep Dive

The Aortic Aneurysm Market is characterized by significant regional variations, which are mainly influenced by the availability of health care, the prevalence of risk factors, and the advancement in medical technology. In North America, the market is driven by a high prevalence of cardiovascular diseases, the availability of a sophisticated health care system, and the increasing awareness of aortic aneurysms. In Europe, the market is highly fragmented, with varying health care policies and a growing trend towards the use of minimally invasive surgical procedures. In the Asia-Pacific region, the market is characterized by rapid growth, with rising health care expenditures and the increasing prevalence of lifestyle-related diseases. The Middle East and Africa face the challenge of limited access to advanced medical technology. However, the market in Latin America is characterized by rising health care expenditures and increasing awareness of aortic aneurysms, which are driving the market growth.

North America

• Having recently received approval from the FDA for several new endovascular devices, such as the Gore Excluder AAA Endoprosthesis, we now have an enhanced range of treatment options for patients with aortic aneurysms.
• The American Heart Association has taken a strong line in bringing a greater awareness of the dangers of aneurysms to the attention of the public. Earlier diagnosis and treatment are expected as a result.
• In the United States, the increasing frequency of obesity and hypertension has increased the demand for aneurysm treatment, since these are the most important risk factors.

Europe

• The European Society of Cardiology has revised its guidelines on screening for aortic aneurysm, especially in high-risk populations.
• Germany and Great Britain are leading the way in developing hybrid surgical techniques that are improving patient outcomes and reducing recovery times.
• Regulatory changes in the European Union are facilitating the faster approval of new medical devices, encouraging companies to invest in the aortic aneurysm market.

Asia-Pacific

• In countries like Japan and Australia, extensive research and development has been undertaken into aortic repair, resulting in a vastly improved treatment.
• In emerging countries like India and China, the growing wealth of the population is increasing the access to aortic aneurysm treatment.
• The government’s initiatives to improve the health of the heart are expected to increase awareness and early detection of aneurysms in the region.

MEA

• The insufficient availability of modern medical equipment in many African countries is a significant obstacle. But the World Health Organization is working on improving the medical equipment.
• In the United Arab Emirates, the government is investing in the development of health care, especially in the establishment of specialized heart centers that deal with aortic aneurysm.
• Culture and beliefs may affect a patient’s willingness to accept modern medical treatment for aortic aneurysms.

Latin America

• Brazil and Mexico are also putting considerable effort into improving their health systems, which is expected to improve access to treatments for aortic aneurysm.
• Awareness campaigns led by health authorities have been enlightening the public about the risks of aneurysms, which have led to earlier diagnosis.
• The medical device market in the region is beginning to be regulated, and the market for aneurysms is growing.

Did You Know?

“In men, an aneurysm of the aorta is to be found in about eighty per cent of cases; and the danger increases with age, especially in those over sixty-five.” — American Heart Association

Segmental Market Size

Aortic aneurysm is a critical part of the cardiovascular system, and is characterized by a strong growth in segments like endovascular stent grafts and surgical repair devices. The main drivers of demand are the increasing prevalence of aortic aneurysms due to the aging population and lifestyle factors, as well as the increasing importance of minimally invasive surgical procedures that improve the quality of life for patients. Also, the regulatory policies promoting the use of medical devices play an important role in stimulating market activity.

Today the field of endovascular stent grafts is already at a mature stage. Medtronic and Gore Medical lead the field in North America and Europe. These stent grafts are used primarily in the treatment of abdominal and thoracic aortic aneurysms. They allow a significant reduction in hospital stay and recovery time. Telemedicine and remote monitoring are accelerating the development of stent grafts because they allow better patient care after surgery. 3D visualization and patient-oriented modeling are determining the further development of this field, enabling more precise interventions and better surgical planning.

Future Outlook

Aortic Aneurysm Market to Grow at a CAGR of 5.39% from 2023 to 2032 - Industry Research Reports, Inc. Aortic aneurysm is a condition in which the walls of the artery become weakened and start to dilate. It is the most common aortic disease. The aneurysms of the aorta are usually caused by a weakening of the artery wall. Moreover, the advancements in the minimally invasive surgical techniques and imaging technology are expected to enhance the safety and efficacy of the treatment.

The main driving forces in the field of endovascular surgery are the development of stent grafts and endovascular devices. In addition, awareness and screening campaigns by health insurance companies will lead to earlier detection and therefore to a higher number of procedures. Also, the integration of artificial intelligence in diagnostics and the development of personalized medicine will play a key role in the future of the market. As a result of the increased focus on patient-oriented care, the aortic aneurysm market is expected to grow and the penetration rate of the at-risk population is expected to increase.