Aortic Aneurysm Market size was valued at USD 4.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.61% from 2023 to 2030.
The Aortic Aneurysm market is a segment within the healthcare industry dedicated to the diagnosis, treatment, and management of aortic aneurysms. Aortic aneurysms are characterized by the abnormal enlargement or bulging of the aorta, the main blood vessel that carries blood from the heart to the rest of the body. These aneurysms can occur in different parts of the aorta, such as the thoracic aorta (chest) or the abdominal aorta (abdomen), and can pose serious health risks if left untreated, including the potential for a life-threatening rupture.
Several key factors contribute to the dynamics of the Aortic Aneurysm market:
- Prevalence: Aortic aneurysms are a relatively common cardiovascular condition, with risk factors including age, family history, and certain medical conditions (e.g., hypertension, smoking). The aging population in many parts of the world has contributed to a growing patient population.
- Advancements in Diagnostics: Improved imaging technologies, such as CT scans and ultrasound, have enhanced the early detection and monitoring of aortic aneurysms. Early diagnosis is critical for timely intervention.
- Treatment Options: The market encompasses a range of treatment options, including medication management, minimally invasive endovascular procedures, and surgical interventions. Advances in surgical techniques and the development of endovascular stent grafts have expanded treatment possibilities.
- Patient Awareness: Increased awareness of the risks associated with aortic aneurysms and routine screening for at-risk individuals have led to earlier interventions and improved outcomes.
- Research and Innovation: Ongoing research into the causes and treatment of aortic aneurysms, along with the development of new medical devices and pharmaceuticals, continues to drive innovation within the market.
- Market Competition: Various healthcare companies and medical device manufacturers compete in this market, offering a range of products and services aimed at preventing, diagnosing, and treating aortic aneurysms.
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Market Segmentations:
Global Aortic Aneurysm Market: By Company
• Medtronic
• Endologix LLC
• Gore Medical (W. L. Gore & Associates)
• MicroPort Scientific Corporation
• Cook
• JOTEC (Cryolife, Inc.)
• Cardinal Health
• Terumo Corporation
• Lombard Medical
Global Aortic Aneurysm Market: By Type
• Open Surgical Repair (OSR)
• Endovascular Aneurysm Repair (EVAR)
Global Aortic Aneurysm Market: By Application
• Thoracic Aortic Aneurysm (TAA)
• Abdominal Aortic Aneurysm (AAA)
Global Aortic Aneurysm Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Aortic Aneurysm market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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