Aortic Aneurysm Market Size, Share, Growth Analysis, By Type(Thoracic Aortic Aneurysm (TAA), and Abdominal Aortic Aneurysm (AAA)), By Treatment(Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)), By Product(Stent Grafts, and Catheters), By End-use(Hospitals, Ambulatory Surgery Centers, Clinics), By Region - Industry Forecast 2024-2031

Global Aortic Aneurysm Market size was valued at USD 4.7 billion in 2022 and is poised to grow from USD 5.10 billion in 2023 to USD 9.81 billion in 2031, at a CAGR of 8.52% during the forecast period (2024-2031).

The market is mainly driven by the aging population's growth and atherosclerosis's prevalence. The expansion is also being aided by favorable health reimbursement regulations and a rise in the demand for minimally invasive procedures. The prevalence of AA is rising globally as a result of rising cardiovascular disease cases, the increasing adoption of sedentary habits, and bad dietary practices. The number of elderly people is growing, which expands the patient base. In the United States, this population group accounted for 54 million people, or over 16% of the country's total population, based on the U.S. Ministry of Health and Human Services. Additionally, it is anticipated that this number would increase to 80.8 million by 2040 and reach 94.7 million by 2060. Therefore, an increase in AA repair treatments is anticipated during the next five years due to the rapidly aging population. Aortic aneurysms are more likely to develop in people over 65 because the aorta's walls start to weaken at this age. The risk also rises as a result of other cardiovascular disorders.

Smoking dramatically raises the risk of aortic aneurysm development. Around 22.3% of people worldwide used tobacco in 2020, according to the WHO. Smoking was deemed by the United States Preventive Services Task Force to be a significant risk factor for AAA in males aged 65 to 75 who have ever smoked. In people with a AAA, continuing to smoke is linked to higher rates of enlargement and a higher likelihood of rupture. Patients who are having surgical AA repair are more likely to die during surgery and die later if they smoke.

In the most developed nations, including the United States, the United Kingdom, and Japan, minimally invasive surgical procedures like EVAR are gradually replacing conventionally performed surgical procedures. For operations on internal body components in traditional surgery, an incision is necessary. These operations call for high levels of precision, intense focus, and surgical competence. However, the benefits of minimally invasive operations include less blood loss, minimal to no scarring, smaller incisions, shorter hospital stays with quicker recovery times, and frequently better outcomes. Because of this, the market is expected to rise due to rising demand for minimally invasive EAVR procedures.

US Aortic Aneurysm Market is poised to grow at a sustainable CAGR for the next forecast year.