Product Code: GVR-3-68038-043-9
Aortic Aneurysm Market Growth & Trends:
The global aortic aneurysm market size is expected to reach USD 6.5 billion by 2030 and the global aortic aneurysm treatment market size is expected to reach USD 10.4 billion by 2030, expanding at a CAGR of 10.51% from 2022 to 2030, according to a new report by Grand View Research, Inc.
The growing geriatric population in developed countries, rapid adoption of sedentary lifestyles, and a rise in the number of tobacco smokers are expected to be the key factors driving the global market. According to a study published by the American Heart Association Inc., it was found that smoking was considered to be responsible for 75% of the excess prevalence of AAAs ≥4 cm. Furthermore, technological advancements in endovascular surgical procedures will augment the industry's growth.
Cases of abdominal aortic aneurysms, especially in men aged 65 years and above, surpassed the number of thoracic aortic aneurysms by threefold. This has increased the demand for advanced stent-graft systems for AAA. Due to the lack of multiple treatment options and being a complex procedure, TAA procedures are fewer. This offers a lucrative opportunity to the manufacturers for developing advanced products for Thoracic Endovascular Aneurysm Repair (TEVAR).
The COVID-19 pandemic negatively impacted the AA market. Many government associations such as the American College of Surgeons and the French Vascular Surgical Society recommended the postponement of uncomplicated AA procedures. Many hospitals limited surgical activity related to aortic diseases, with EAVR being preferred over open surgery. As a result, the sales of AA devices reported a sharp decline. For instance, the endovascular segment of Microport Scientific Corporation witnessed a decline of 42.1% in revenue in 2021.
Aortic Aneurysm Market Report Highlights:
- Based on type, the AAA segment dominated the market in 2021. The rising number of AAA cases, the presence of government programs for early screening, and increasing demand for minimally invasive procedures are driving the segment
- In terms of product, stent-grafts held the largest revenue share in 2021 as they have more than 50% share in the overall surgical treatment cost of a patient
- Based on end-use, the hospital's segment is expected to flourish owing to a rise in technological advancement and high procedure volume
- By treatment, Endovascular Aortic Aneurysm Repair (EVAR), which includes minimally invasive surgeries, is expected to be the fastest-growing segment over the forecast period as it is more efficient than open repair due to fewer postsurgical adverse effects
- North America held the largest revenue share in 2021, followed by Europe, on account of well-established healthcare infrastructure, access to advanced screening and diagnostic tools for AAA, and favorable reimbursement scenario in the region
- In August 2021, Terumo Corporation received approval by the U.S. FDA for its RelayPro Thoracic Stent-Graft System to be sold in the U.S. to treat patients with thoracic aortic aneurysm and penetrating atherosclerotic ulcers
Table of Contents
Chapter 1 Report Scope and Objectives
- 1.1 Market Segmentation
- 1.2 Regional Scope
- 1.3 Estimates and Forecast Timeline
- 1.4 Research Objectives
- 1.4.1 Objective - 1
- 1.4.2 Objective - 2
Chapter 2 Methodology
- 2.1 Research Methodology
- 2.1.1 Information procurement
- 2.1.2 Purchased Database
- 2.1.3 GVR's Internal Database
- 2.1.4 Secondary Sources
- 2.1.5 Primary Research
- 2.2 Information or Data Analysis
- 2.2.1 Data Analysis Models
- 2.3 Market Formulation & Validation
- 2.4 Model Details
- 2.4.1 Volume Price Analysis
- 2.5 List of Secondary Sources
- 2.6 List of Abbreviations
Chapter 3 Executive Summary
- 3.1 Market Outlook
- 3.2 Segment Outlook
- 3.2.1 Type
- 3.2.2 Treatment
- 3.2.3 Product
- 3.2.4 End-use
- 3.3 Regional Outlook
- 3.4 Competitive Insights
Chapter 4 Market Variables, Trends & Scope
- 4.1 Market Lineage Outlook
- 4.1.1 Parent Market Outlook
- 4.1.2 Related/Ancillary Market Outlook
- 4.2 Aortic Aneurysm Market Dynamics
- 4.2.1 Market Driver Analysis
- 4.2.2 Market Restraint Analysis
- 4.3 Aortic Aneurysm Market: Business Environment Analysis Tools
- 4.3.1 Porter's five forces analysis
- 4.3.1.1 Threat of new entrants
- 4.3.1.2 Bargaining power of buyers
- 4.3.1.3 Competitive rivalry
- 4.3.1.4 Threat of substitutes
- 4.3.1.5 Bargaining power of suppliers
- 4.3.2 PESTLE Analysis
- 4.3.2.1 Political & legal
- 4.3.2.2 Economic & Social
- 4.3.2.3 Technological
- 4.4 Penetration & Growth Prospect Mapping
- 4.5 Qualitative Analysis: Impact of COVID-19 on Aortic Aneurysm Market
Chapter 5 Aortic Aneurysm Market: Type Analysis
- 5.1 Aortic Aneurysm Type Market Share Analysis, 2021 & 2030
- 5.2 Aortic Aneurysm Type Market: Segment Dashboard
- 5.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the Type Segment
- 5.3.1 Thoracic Aortic Aneurysm (TAA)
- 5.3.1.1 Thoracic aortic aneurysm (TAA) market, 2016 - 2030 (USD Million)
- 5.3.2 Abdominal Aortic Aneurysm (AAA)
- 5.3.2.1 Abdominal aortic aneurysm (AAA)market, 2016 - 2030 (USD Million)
Chapter 6 Aortic Aneurysm Market: Treatment Analysis
- 6.1 Aortic Aneurysm TreatmentMarket Share Analysis, 2021 & 2030
- 6.2 Aortic Aneurysm TreatmentMarket: Segment Dashboard
- 6.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the TreatmentSegment
- 6.3.1 Open Surgical Repair (OSR)
- 6.3.1.1 Open surgical repair market, 2016 - 2030 (USD Million)
- 6.3.2 Endovascular Aneurysm Repair (EVAR)
- 6.3.2.1 Endovascular aneurysm repair (EVAR) market, 2016 - 2030 (USD Million)
Chapter 7 Aortic Aneurysm Market: Product Analysis
- 7.1 Aortic Aneurysm ProductMarket Share Analysis, 2021 & 2030
- 7.2 Aortic Aneurysm Product Market: Segment Dashboard
- 7.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the ProductSegment
- 7.3.1 Stent Grafts
- 7.3.1.1 Stent grafts market, 2016 - 2030 (USD Million)
- 7.3.2 Catheter
- 7.3.2.1 Catheter market, 2016 - 2030 (USD Million)
Chapter 8 Aortic Aneurysm Market: End-Use Analysis
- 8.1 Aortic Aneurysm End-Use Market Share Analysis, 2021 & 2030
- 8.2 Aortic Aneurysm End-Use Market: Segment Dashboard
- 8.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the End-Use Segment
- 8.3.1 Hospitals
- 8.3.1.1Hospitals market, 2016 - 2030 (USD Million)
- 8.3.2 Ambulatory Surgery Centers
- 8.3.2.1 Ambulatory surgery centers market, 2016 - 2030 (USD Million)
- 8.3.3 Clinics
- 8.3.3.1 Clinics market, 2016 - 2030 (USD Million)
Chapter 9 Aortic Aneurysm Market: Regional Analysis
- 9.1 Aortic Aneurysm Regional Market Share Analysis, 2021 & 2030
- 9.2 Regional Market Snapshot
- 9.3 Market Size, & Forecasts and Trend Analysis, 2016 to 2030
- 9.3.1 North America
- 9.3.1.1 North America Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.1.2 U.S.
- 9.3.1.2.1 U.S. Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.1.3 Canada
- 9.3.1.3.1 Canada Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2 Europe
- 9.3.2.1 Europe Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2.2 U.K.
- 9.3.2.2.1 U.K. Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2.3 Germany
- 9.3.2.3.1 Germany Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2.4 France
- 9.3.2.4.1 France Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2.5 Italy
- 9.3.2.5.1 Italy Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.2.6 Spain
- 9.3.2.6.1 Spain Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3 Asia Pacific
- 9.3.3.1 Asia Pacific Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3.2 Japan
- 9.3.3.2.1 Japan Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3.3 China
- 9.3.3.3.1 China Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3.4 India
- 9.3.3.4.1 India Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3.5 Australia
- 9.3.3.5.1 Australia Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.3.6 South Korea
- 9.3.3.6.1South Korea Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.4 Latin America
- 9.3.4.1 Latin America Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.4.2 Mexico
- 9.3.4.2.1 Mexico Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.4.3 Brazil
- 9.3.4.3.1 Brazil Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.5 Middle East & Africa
- 9.3.5.1 MiddleEast & Africa Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.5.2 South Africa
- 9.3.5.2.1 South Africa Aortic Aneurysm Market, 2016 - 2030 (USD Million)
- 9.3.5.3 Saudi Arabia
- 9.3.5.3.1 Saudi Arabia Aortic Aneurysm Market, 2016 - 2030 (USD Million)
Chapter 10 Competitive Analysis
- 10.1 Recent Developments & Impact Analysis, by Key Market Participants
- 10.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 10.3 Company Market Position Analysis
- 10.4 company profiles
- 10.4.1 MEDTRONIC
- 10.4.1.1 Company overview
- 10.4.1.2 Financial performance
- 10.4.1.3 Product benchmarking
- 10.4.1.4 Strategic initiatives
- 10.4.2 TERUMO CORPORATION
- 10.4.2.1 Company overview
- 10.4.2.2 Financial performance
- 10.4.2.3 Product benchmarking
- 10.4.2.4 Strategic initiatives
- 10.4.3 ENDOLOGIX LLC
- 10.4.3.1 Company overview
- 10.4.3.2 Financial performance
- 10.4.3.3 Product benchmarking
- 10.4.3.4 Strategic initiatives
- 10.4.4 MICROPORT SCIENTIFIC CORPORATION
- 10.4.4.1 Company overview
- 10.4.4.2 Financial performance
- 10.4.4.3 Product benchmarking
- 10.4.4.4 Strategic initiatives
- 10.4.5 GORE MEDICAL (W. L. GORE & ASSOCIATES)
- 10.4.5.1 Company overview
- 10.4.5.2 Financial performance
- 10.4.5.3 Product benchmarking
- 10.4.5.4 Strategic initiatives
- 10.4.6 COOK
- 10.4.6.1 Company overview
- 10.4.6.2 Financial performance
- 10.4.6.3 Product benchmarking
- 10.4.6.4 Strategic initiatives
- 10.4.7 JOTEC (CRYOLIFE, INC.)
- 10.4.7.1 Company overview
- 10.4.7.2 Financial performance
- 10.4.7.3 Product benchmarking
- 10.4.7.4 Strategic initiatives
- 10.4.8 LOMBARD MEDICAL
- 10.4.8.1 Company overview
- 10.4.8.2 Financial performance
- 10.4.8.3 Product benchmarking
- 10.4.8.4 Strategic initiatives