Aortic Aneurysm Market Growth, Recent Trends Forecast to 2028 by Key Players | Terumo Corporation, Bard, Inc., Medtronic Plc., Endologix Inc, Gore Medical, Cook Medical Inc.

According to Precision Business Insights (PBI), the latest report, the aortic aneurysm market is expected to be valued at USD 3,271 million in 2022 and is poised to grow at a significant CAGR of 10.8% over 2022-2028. The primary drivers of the expansion of the global aortic aneurysm market include growing geriatric populations, increasing cases of cardiovascular diseases, rapid adoption of harsh unhealthy lifestyles, and unhealthy eating habits.

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Abdominal Aortic Aneurysm Segment to Dominate the Aortic Aneurysm Market:
The abdominal aortic aneurysm segment is expected to account for a larger revenue share in the global aortic aneurysm market, with a value share worldwide due to the increasing prevalence of the abdominal aortic aneurysm. It occurs mostly in the lower abdomen, also it can affect the kidneys. However, new emerging technology, robust investment in the research and development sector, and government support and initiatives will further drive the global abdominal aneurysm market growth. The steady growth of the abdominal aortic aneurysms market segment is expected to maintain in the forecasted years.

Asia Pacific Aortic Aneurysm Market:
North America held considerable market share during the estimated period due to the increasing prevalence of atherosclerosis, and cardiovascular diseases, the rising geriatric population, well-developed healthcare infrastructure, and technological advancements in medical devices, availability of reimbursement for medical devices. The Asia Pacific market is expected to increase in the global aortic aneurysm market over the forecast period. The Asia Pacific market is expanding as a result of the rising awareness regarding advanced treatment methods, the increasing prevalence of aortic aneurysm patients, and the presence of developing countries.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global aortic aneurysm market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2019, Medtronic announced a custom S.S. White flexible shaft that drives a new Medtronic device for Endovascular Aneurysm Repair (EVAR). In April 2022, Cook Medical received FDA Breakthrough Device designation for Zenith Thoraco+ endovascular system.

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The aortic aneurysm market is segmented based on type, product, treatment, end-user, and geography.
Based on the type, the market is segmented into the following:
• Thoracic
• Abdominal

Based on the product, the market is segmented into the following:
• Stent Grafts
• Catheter
• Guidewire
• Others

Based on the treatment, the market is segmented into the following:
• Endovascular Aneurysm Repair
• Open Surgical Repair

Based on the end user, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers
• Clinics

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the aortic aneurysm market report are Terumo Corporation, R. Bard, Inc., Medtronic Plc., Endologix Inc, Gore Medical, Cook Medical Inc, Cardiatis S.A., Lombard Medical, and Cardinal Health Inc.

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