The aortic aneurysm repair market is experiencing huge growth due to the increase in the prevalence of cardiovascular disease, the rapid adoption of inactive lifestyles, and poor dietary habits. Furthermore, the increasing demand for innovative treatment methods and devices, combined with growing awareness of aortic disease and its treatment options, is expected to drive market growth.
As per the latest report published by Allied Market Research, the global aortic aneurysm repair market is projected to exhibit a notable CAGR during the forecast period.
The increasing prevalence of the geriatric population is driving market growth
The increasing age of the population and the rise in risk factors, such as hypertension and high cholesterol, have resulted in a surge in demand for aortic aneurysm repair devices, contributing to the market’s growth. Furthermore, the development of medical technology and advanced treatment methods has improved the control of chronic conditions. According to the U.S. Department of Health and Human Services, 54 million people were living in the United States in 2019, accounting for nearly 17% of the country’s population. This number is projected to grow to 80.8 million people by 2040, and to 94.7 million people by 2060.
The rapidly growing geriatric population is projected to increase the total number of aortic aneurysm repairs over the next five years. All individuals over the age of 65 are at extreme risk of developing an aortic aneurysm due to the weakening of the aortic walls by the age of 65; the risk is also increased due to other cardiovascular conditions.
Technological advancements are transforming the treatment procedures
In most developed countries, such as the United States, Japan, and the United Kingdom, traditional surgical procedures are being gradually displaced by minimally invasive surgeries, including EVAR. In traditional surgery, it is necessary to make incisions to access the inside of the body, which requires a high level of accuracy, focus, and surgical expertise. Minimally invasive procedures, on the other hand, offer numerous benefits. They cause less blood loss, leave less scarring, and require fewer incisions. Additionally, they typically heal more quickly, allowing patients to spend less time in the hospital after the procedure. This trend means that more people are seeking minimally invasive EVAR procedures, driving the growth of the aortic aneurysm repair market.
The new advanced aneurysm repair procedure has resulted in an 80% reduction in patient hospital stays
London Health Sciences Centre is the first in the UK to use an advanced, non-invasive method to repair an aneurysm. This method reduces the amount of time a patient spends in the hospital by 80%, and it also improves recovery times by 11 months. Like every other healthcare provider, LHSC is committed to finding innovative techniques to make things easier and faster in the hospital while still providing excellent patient care.
LHSC’s vascular surgery team has recently developed a new technique to treat life-threatening aneurysms. Not only does it reduce the amount of time a patient spends in the hospital from 4 weeks to 3 days, but it also reduces the amount of time it takes to recover from an aneurysm from a year to a month. Dr. John Landau, a vascular surgeon at the London Health Sciences Centre (LHSC), stated, “This is a significant advancement for us. Endovascular repairs are a common procedure for us; however, this new technique is so personalized to the patient’s clinical scenario that we can safely and efficiently remove an aneurysm, resulting in a quick recovery.” He said that typically, patients would need to stay in the hospital for up to a few weeks after the procedure. Still, we’ve seen patients returning home as early as three days after the procedure.
EVAR (Endovascular Aneurysm Repair) is a procedure used to treat an aneurysm in the abdominal area. It’s minimally invasive. Aorta is the largest artery in the body that carries blood from the heart to the rest of the body. To prevent the aorta from breaking, this life-saving technique uses a high-quality, custom-made endovascular stent graft. X-ray guidance is used to perform this procedure through a small cut in the groin. Approximately the size of a drinking straw, the procedure is designed to prevent the rupture of the aorta, a life-threatening condition, thus significantly reducing the risk of mortality or serious complications in comparison to a large, open surgical procedure. This minimally invasive procedure has been so successful that plans are underway to perform a few more open surgical operations at LHSC. In contrast, further research into advanced endovascular procedures continues.
Aortic aneurysm repair recent developments
One of the key trends, as seen in January 2022, is that Cardiovascular Systems, Inc. partnered with OrbusNeich Medical Company Ltd. to receive FDA approval for their Percutaneous Transluminal Coronary Angioplasty (PTCA) Catheter, called Scoreflex NC.
In January 2022, Humacyte Co. described the preclinical findings of a small-diameter human acellular vessel (HAV) used for Coronary Arterial Bypass (CAB) Grafting.
Conclusion
To conclude, the aortic aneurysm repair market is expected to grow steadily over the next few years, driven by rising aortic insufficiency rates, advancements in treatment options, and the development of innovative healthcare treatments. The market’s growth will be further supported by ongoing research and development, as well as improved access to care and better control of aortic aneurysms worldwide.
