The global Aortic Aneurysm market size is expected to be worth around US$ 5.71 billion by 2030, according to a new report by Vision Research Reports.
The global Aortic Aneurysm market size was valued at US$ 3.5 billion in 2020 and is anticipated to grow at a CAGR of 9.6% during forecast period 2021 to 2030.
Growing geriatric population in developed countries and rise in the number of tobacco smokers are expected to be the key factors driving the global market. Technological advancements in endovascular surgical procedures will augment the market growth further.
Cases of Abdominal Aortic Aneurysms (AAAs), especially in men aged 65 years and above, surpassed the number of Thoracic Aortic Aneurysm Repair (TAA) 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 global market is segmented into Thoracic Aortic Aneurysm (TAA) and Abdominal Aortic Aneurysm (AAA) by type. The abdominal aortic aneurysm was the largest segment in 2020, which can be attributed to the increased disease incidence. AAA is more common in the lower abdominal part, and most of the cases of AAA either occur at the infrarenal or juxtarenal part of the lower abdomen. Collectively, by volume, the number of repairs being performed for infrarenal and juxtarenal is much higher as compared to thoracic aneurysms.
The steady growth of the thoracic segment can be attributed to the low incidence of TAA and the unavailability of advanced devices for its management by endovascular methods. However, with technological and product advancements, this segment is anticipated to gain momentum during the forecast period.
Based on product type, the market is segmented into stent-grafts and catheters. The stent-graft segment held a major market share in 2020. It is expected to exhibit the highest CAGR during the forecast period on account of technological advancements in stent-graft designing. For instance, advanced stent graft systems are being launched with inbuilt imaging and delivery catheter. On the other hand, the use of catheters for blood vessel expansion and occlusion adds to the extra expense in the overall treatment cost.
Aortic aneurysms weaken the aorta, which is the largest blood vessel. Rupture of aneurysms can be fatal and cause heavy internal bleeding. Endovascular implantation of stent-grafts, also known as endograft, at the site of aneurysm via delivery catheters is an advanced and less invasive approach than open surgery for repairing thoracic abdominal aortic aneurysms. In EVAR, the stent-graft is used to reinforce the aortic wall to prevent the damaged area from rupturing.
Based on end-use, the market is segmented into hospitals and Ambulatory Surgical Centers (ASCs) & clinics. The hospital segment held the largest market share in 2020, whereas ASCs are anticipated to expand at the highest CAGR over the forecast period. This is due to the benefits offered by ASCs, such as reduced hospital stay and overall treatment costs.
Also, the rising prevalence of aortic aneurysm, especially in developed countries, and the need for prompt treatment are likely to drive the ASC segment. However, the hospital segment is anticipated to continue to lead the market, as it is the most preferred setting by physicians and vascular surgeons, especially in the developing region. The elaborate set up in hospitals enables treating complex cases that cannot be managed in ASCs.
Based on treatment type, the market has been categorized into Open Surgical Repair (OSR) and endovascular Aneurysm Repair (EVAR). The EVAR segment led the global market in 2020 and is expected to witness the fastest CAGR during the estimated time.
This growth can be attributed to the globally increasing adoption of endovascular treatment coupled with technological advancements, aiding shorter hospital stays, and lower morbidity associated with aortic aneurysm repair.
The OSR procedures are highly invasive and require a longer recovery period as compared to the endovascular method. However, OSR is the only treatment option available for low-risk patients with simpler anatomy. Endovascular treatment is the method of choice for surgeons and can only be undertaken in high-risk patients with complex anatomies; if a patient can be treated by open repair, endovascular surgery is not recommended.
North America accounted for the largest market share in 2020, due to rapid technological advancements, product developments, collaborative agreements, and high incidence of AAAs.
Medtronic PLC; Endologix, Inc.; Gore Medical; MicroPort Scientific Corporation; and Cook Medical, Inc.
ASCs and Clinics
Middle East & Africa
The Aortic Aneurysm market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Aortic Aneurysm market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Aortic Aneurysm market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aortic Aneurysm market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aortic Aneurysm market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Aortic Aneurysm capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Aortic Aneurysm by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aortic Aneurysm market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aortic Aneurysm market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aortic Aneurysm market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Aortic Aneurysm industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Aortic Aneurysm market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aortic Aneurysm market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aortic Aneurysm market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aortic Aneurysm market. These factors have benefited the growth of the global market for Aortic Aneurysm. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aortic Aneurysm. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Aortic Aneurysm are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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