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Aortic Aneurysm Market Analysis, Trends, Growth, Research And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Aortic Aneurysm Global Market Report 2023 identifies rising prevalence of alcohol and tobacco consumption as the major driver for the aortic aneurysm market's growth in the forecast period.Alcohol and tobacco containing nicotine are psychoactive substances that affect the central nervous system of the body. The increased consumption of alcohol and tobacco products is a leading cause of aortic aneurysm.
The global aortic aneurysm market size is expected to grow from $3.15 billion in 2022 to $3.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.28%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aortic aneurysm market size is expected to reach $4.84 billion in 2027 at a CAGR of 9.21%.
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Major competitors in the aortic aneurysm market are AbbVie Inc., Cardiatis SA, Cook Medical Inc., Endologix LLC, W L Gore & Associates Inc., JOTEC GmbH, Lombard Medical Limited., Medtronic Plc.
A key trend in the aortic aneurysm market includes technological advancement. Major companies operating in the aortic aneurysm market are developing and using innovative technologies to strengthen their position in the market. For instance, in January 2021, Royal Philips, a Netherlands-based health technology company, introduced the Philips Abdominal Aortic Aneurysm Model. It is uniquely designed with 3D ultrasound that delivers accurate diagnostic information, preventing patients from being exposed to high levels of radiation and other toxic substances. Philips AAA Model integrates innovative software and leading 3D ultrasound technologies into a single solution that helps in increased diagnostic confidence and an improved patient experience.
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The aortic aneurysm market is segmented -
• By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)
• By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)
• By End User: Hospitals And Clinics, Ambulatory Surgery Centers (ASCs), Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aortic aneurysm market.
The Business Research Company's "Global Aortic Aneurysm Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aortic Aneurysm Market Include:
1. Executive Summary
2. Aortic Aneurysm Market Characteristics
3. Aortic Aneurysm Market Trends And Strategies
4. Aortic Aneurysm Market - Macro Economic Scenario
5. Aortic Aneurysm Market Size And Growth
……
26. Africa Aortic Aneurysm Market
27. Aortic Aneurysm Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aortic Aneurysm Market
29. Aortic Aneurysm Market Future Outlook and Potential Analysis
30. Appendix
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