The global Aortic Aneurysm Market was Analyzed by Market Research Future (MRFR) and it Was Projected that a Notable CAGR of 8.4% will be Attained by the Market Over the Forecast Period of 2018 to 2023. The Valuation of the Market was Further Stated to Surpass its Previous Valuation USD 2,357.6 Million in 2017 by the End of the Forecast Period.
Market Segmentation
The global aortic aneurysm market has been segmented in terms of type, end-user, treatment, and product.
By product, the market divides into catheters, stent-grafts, and others.
By treatment, the market includes open surgical repair (OSR) and endovascular aneurysm repair (EVAR).
By end-user, the market segments into ambulatory surgery centers (ASCs), hospitals and clinics, and others.
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By type, the market comprises thoracic aortic aneurysm (TAA) and abdominal aortic aneurysm (AAA). The abdominal aortic aneurysm (AAA) segment is expected to account for the maximum share percentage of the global market during the forecast period. This is because of the increasing prevalence of the disease which occurs primarily in the lower abdominal area.
Competitive Landscape
The global aortic aneurysm market comprises a host of key players. This includes names like Lombard Medical Limited, Microport Scientific Corporation, Medtronic PLC, MAQUET Holding B.V. & Co. KG, Terumo Medical Corporation, Cook Medical, W. L. Gore & Associates, Endologix, Inc., JO0TEC AG (CryoLife, Inc.), and Cardinal Health, Inc.
Market Overview
The global aortic aneurysm market held a market value of USD 2,357.6 million in 2017 and is projected to grow at a CAGR of 8.4% over the forecast period. An aortic aneurysm is an abnormal enlargement or bulging of the wall of the aorta. Aortic aneurysm has two types such as an abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA). An abdominal aortic aneurysm is an aneurysm in the part of the aorta that passes through the abdomen while thoracic aortic aneurysm is an aortic aneurysm that presents mainly in the thorax.
The global market is growing due to factors like increasing penetration of tobacco smoking in both developing as well as developed countries, growing elderly population across the globe, supportive reimbursement scenarios for surgical treatment of aortic aneurysms, the increasing prevalence of cardiovascular diseases and rising technological advancements in products. On the other hand, the low reimbursement rates present in developing nations and high pricing level of aortic aneurysm treatment and devices can hinder the market growth in the next few years.
Regional Analysis
The global aortic aneurysm market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Based on region, the Americas would continue its supremacy over the forecast period attributed to the presence of sophisticated medical and healthcare infrastructure and major market participants, higher spending on the healthcare, and frequent launches of novel devices in the US and Canada. For instance, in 2015, Cook Group Incorporated launched its Zenith Alpha abdominal endovascular graft in Canada.
Europe would be the second-largest value contributor in the aortic aneurysm market due to the highest prevalence of tobacco smoking and the presence of favorable initiatives by several organizations to reduce the burden of aortic aneurysm. For instance, the World Health Organization (WHO) stated that presently, Europe has the highest prevalence of tobacco smoking among adults (28%) and some of the highest prevalence of tobacco use by adolescents.
Asia-Pacific is likely to witness the fastest market growth during the forecast period due to growth in increasing geriatric population and prevalence of cardiovascular diseases & hypertension, and growing awareness about aortic aneurysm treatment, and developing healthcare infrastructure in India, China, and Australia. For instance, WHO reported that one million people in the World Health Organization Western Pacific Region die each year from cardiovascular disease caused by tobacco use and more than 1 in 5 cardiovascular diseases, such as heart attack and stroke, result from smoking?
The Middle East & Africa has the least share of the global aortic aneurysm market. In addition, the major market share of the region would be held by the Middle Eastern region. Several studies reported that aortic aneurysm is very rare in the Middle East and very few lives are threatened by deadly aortic aneurysms annually in the Middle East region.
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TABLE OF CONTENTS:
Chapter 1 Report Prologue
Chapter 2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3 Research Methodology
3.1 Introduction
3.2 Primary Research
Continued…….!
LIST OF TABLES
Table 1 Global Aortic Aneurysm Market Synopsis, 2018–2023
Table 2 Global Aortic Aneurysm Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Aortic Aneurysm Market, By Region, 2018–2023 (USD Million)
Table 4 Global Aortic Aneurysm Market, By Type, 2018–2023 (USD Million)
Table 5 Global Aortic Aneurysm Market, By Product, 2018–2023 (USD Million)
Table 6 Global Aortic Aneurysm Market, By Treatment, 2018–2023 (USD Million)
Table 7 Global Aortic Aneurysm Market, By End User, 2018–2023 (USD Million)
Continued…….!
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Aortic Aneurysm Market
Figure 3 Segmentation Market Dynamics For Global Aortic Aneurysm Market
Figure 4 Global Aortic Aneurysm Market Share, By Type, 2017
Figure 5 Global Aortic Aneurysm Market Share, By Product, 2017
Figure 6 Global Aortic Aneurysm Market Share, By Treatment, 2017
Figure 7 Global Aortic Aneurysm Market Share, By End User, 2017
Figure 8 Global Aortic Aneurysm Market Share, By Region, 2017
Continued…….!
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