The Aortic Aneurysm Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aortic Aneurysm Global Market Report 2024, The aortic aneurysm market size has grown strongly in recent years. It will grow from $3.41 billion in 2023 to $3.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to aging population, prevalence of cardiovascular diseases, improvements in diagnostic technologies, surgical advancements, awareness programs.
The aortic aneurysm market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising global aging population, increased incidence of cardiovascular diseases, advancements in treatment modalities, genetic predisposition awareness, healthcare infrastructure development. Major trends in the forecast period include development of next-generation stent grafts, technological integration for remote monitoring, prevalence of abdominal aortic aneurysms (aaa), collaborations in research and development.
The rising prevalence of alcohol and tobacco consumption is expected to propel the aortic aneurysm market going forward. 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. For instance, in May 2022, according to a report by World Health Organization (WHO), a Switzerland-based specialized agency responsible for international public health, around 3 million deaths occur every year due to the consumption of alcohol and 7 million deaths occur due to the consumption of tobacco worldwide. Furthermore, in people aged 20-39, approximately 13.5% of deaths are because of alcohol consumption. Further, in 2021, according to the Centers for Disease Control and Prevention, a US-based national public health agency, around 12 of every 100 U.S. adults aged 18 years or older (11.5%) currently smoked cigarettes and 28.3 million adults in the US currently smoke cigarettes. Therefore, the rising prevalence of alcohol and tobacco consumption is driving the growth of the aortic aneurysm market.
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The aortic aneurysm market covered in this report is segmented –
1) By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)
2) By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)
3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers (ASCs), Other End Users
Technological advancements have emerged as the key trend gaining popularity in the aortic aneurysm market. 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.
The aortic aneurysm market report table of contents includes:
1. Executive Summary
2. Aortic Aneurysm Market Characteristics
3. Aortic Aneurysm Market Trends And Strategies
4. Aortic Aneurysm Market – Macro Economic Scenario
….
31. Global Aortic Aneurysm Market Competitive Benchmarking
32. Global Aortic Aneurysm Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aortic Aneurysm Market
34. Aortic Aneurysm Market Future Outlook and Potential Analysis
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