According to a new report published by Allied Market Research, titled, "Aortic Aneurysm Repair Market," The aortic aneurysm repair market was valued at $3.2 billion in 2022, and is estimated to reach $5.8 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
Surgical repair typically involves open surgery, where a portion of the dilated aorta is replaced with a synthetic graft. On the other hand, endovascular repair involves minimally invasive techniques, such as the insertion of a stent graft through small incisions, to reinforce the weakened segment of the aorta from within. The choice of repair method depends on factors such as the location, size, and shape of the aneurysm, as well as the patient's overall health. Aortic aneurysm repair aims to reduce the risk of complications, including rupture, and improve patient outcomes by restoring the normal structure and function of the aorta.
The market growth for aortic aneurysm repair is primarily driven by the increase in the prevalence of aortic aneurysms and related diseases. Aortic aneurysms have become more common due to factors such as the surge in aging population and the rise in incidence of risk factors such as hypertension, atherosclerosis, and smoking. In addition, according to the article published by Medscape, in 2022, hypertension is the most common disease primarily diagnosed in the U.S., affecting approximately 86 million adults (≥20 years) and is a major risk factor for stroke, myocardial infarction, and vascular disease. Thus, as the prevalence of hypertension continues to rise globally, the number of individuals at risk of developing aortic aneurysms also increases, thereby driving the market growth.
However, the market growth for aortic aneurysm repair is restrained by the lack of availability of certain devices in various developing regions and limited availability of skilled healthcare professionals. Inadequate access to advanced medical devices and technologies hampers the effective treatment of aortic aneurysms. In addition, the scarcity of skilled healthcare professionals with expertise in aortic aneurysm repair limits the capacity to deliver optimal care, further impeding market growth.
Moreover, the increase in demand for advanced healthcare services and rise in awareness of aortic aneurysm treatments are expected to provide remunerative opportunities for the expansion of the market during the forecast period. Furthermore, the upsurge in initiatives by the government for favorable reimbursement policies fuel the adoption of advanced treatments and thereby notably driving the growth of the aortic aneurysm repair market.
The aortic aneurysm repair market is segmented into product type, procedure type, and region. By product type, the market is categorized into aortic stent-grafts and hybrid stent-grafts. On the basis of procedure type, it is segregated into open surgery, endovascular aortic aneurysm repair, and frozen elephant trunk (FET). The open surgery is further categorized into abdominal open repair and thoracic open repair. The endovascular aortic aneurysm repair is further categorized into abdominal endovascular aortic aneurysm repair , thoracic endovascular aortic aneurysm repair, and others (branched endovascular aortic repair, fenestrated endovascular aortic repair, branched thoracic endovascular aortic repair (B-TEVAR)).
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America and Middle East and Africa).The key players operating in the aortic aneurysm repair market are Medtronic plc , Artivion, Inc, Terumo Corporation, W. L. Gore and Associates, Inc., MicroPort Scientific Corporation, Cook Group Inc, ENDOLOGIX LLC , Cordis Corporation., Bentley InnoMed GmbH and Braile Biomedica S.A. The key players have adopted strategies such as product launch, product approval and innovation to enhance their product portfolio.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aortic aneurysm repair market analysis from 2022 to 2032 to identify the prevailing aortic aneurysm repair market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aortic aneurysm repair market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aortic aneurysm repair market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Aortic Stent-grafts
- Hybrid stent-grafts
By Procedure Type
- Open Surgery
- Repair type
- Abdominal Open Repair
- Thoracic Open Repair
- Endovascular Aortic Aneurysm Repair
- Repair Type
- Abdominal Endovascular Aortic Repair
- Thoracic Endovascular Aortic Aneurysm Repair
- Others
- Frozen Elephant Trunk
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East And Africa
Key Market Players:
- Artivion, Inc.
- Bentley InnoMed GmbH
- Braile Biomedica S.A.
- Cook Group Inc
- Cordis Corporation
- Endologix Inc.
- Medtronic plc
- MicroPort Scientific Corporation
- Terumo Corporation
- W. L. Gore & Associates, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. High bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in prevalence of Aortic Aneurysms.
- 3.4.1.2. Increase in demand for minimally invasive procedures
- 3.4.1.3. Increase in product approval for aortic aneurysm devices
- 3.4.2. Restraints
- 3.4.2.1. Lack in the Availability of Certain Devices in Various Developing Regions
- 3.4.2.2. Limited Availability of Skilled Healthcare Professionals
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancements in aortic aneurysm repair devices
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: AORTIC ANEURYSM REPAIR MARKET, BY PRODUCT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Aortic Stent-grafts
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Hybrid stent-grafts
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: AORTIC ANEURYSM REPAIR MARKET, BY PROCEDURE TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Open Surgery
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.2.4. Open Surgery Aortic Aneurysm Repair Market by Repair type
- 5.3. Endovascular Aortic Aneurysm Repair
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.3.4. Endovascular Aortic Aneurysm Repair Aortic Aneurysm Repair Market by Repair Type
- 5.4. Frozen Elephant Trunk
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: AORTIC ANEURYSM REPAIR MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Product Type
- 6.2.3. Market size and forecast, by Procedure Type
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Product Type
- 6.2.4.1.3. Market size and forecast, by Procedure Type
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Product Type
- 6.2.4.2.3. Market size and forecast, by Procedure Type
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Product Type
- 6.2.4.3.3. Market size and forecast, by Procedure Type
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Product Type
- 6.3.3. Market size and forecast, by Procedure Type
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Product Type
- 6.3.4.1.3. Market size and forecast, by Procedure Type
- 6.3.4.2. France
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Product Type
- 6.3.4.2.3. Market size and forecast, by Procedure Type
- 6.3.4.3. UK
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Product Type
- 6.3.4.3.3. Market size and forecast, by Procedure Type
- 6.3.4.4. Italy
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Product Type
- 6.3.4.4.3. Market size and forecast, by Procedure Type
- 6.3.4.5. Spain
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Product Type
- 6.3.4.5.3. Market size and forecast, by Procedure Type
- 6.3.4.6. Rest Of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Product Type
- 6.3.4.6.3. Market size and forecast, by Procedure Type
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Product Type
- 6.4.3. Market size and forecast, by Procedure Type
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. Japan
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Product Type
- 6.4.4.1.3. Market size and forecast, by Procedure Type
- 6.4.4.2. China
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Product Type
- 6.4.4.2.3. Market size and forecast, by Procedure Type
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Product Type
- 6.4.4.3.3. Market size and forecast, by Procedure Type
- 6.4.4.4. Australia
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Product Type
- 6.4.4.4.3. Market size and forecast, by Procedure Type
- 6.4.4.5. South Korea
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Product Type
- 6.4.4.5.3. Market size and forecast, by Procedure Type
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Product Type
- 6.4.4.6.3. Market size and forecast, by Procedure Type
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Product Type
- 6.5.3. Market size and forecast, by Procedure Type
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Latin America
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Product Type
- 6.5.4.1.3. Market size and forecast, by Procedure Type
- 6.5.4.2. Middle East And Africa
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Product Type
- 6.5.4.2.3. Market size and forecast, by Procedure Type
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Medtronic plc
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.2. Artivion, Inc.
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.3. Terumo Corporation
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
- 8.4. W. L. Gore & Associates, Inc.
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Key strategic moves and developments
- 8.5. MicroPort Scientific Corporation
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. Cook Group Inc
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. Endologix Inc.
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Key strategic moves and developments
- 8.8. Cordis Corporation
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. Braile Biomedica S.A.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Bentley InnoMed GmbH
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio