With the emergence and long-term Impact of COVID-19, Global Aortic Aneurysm Repair Market to reach USD 5.14 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Aortic Aneurysm Repair Market points towards a potential rise to USD 5.14 Billion by 2030. An aortic aneurysm is a surgical or endovascular procedure performed to treat an aortic aneurysm. An aortic aneurysm is a bulge or dilation that occurs in the aorta, main artery which carries oxygen-rich blood from e heart to the rest of the body. The Aortic Aneurysm Repair market is expanding because of factors such as the rising increasing prevalence of aortic aneurysms and a rise in the number of approvals from regulatory agencies.
Geographically, the global Aortic Aneurysm Repair market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 increasing disease prevalence, rising technological advancement, and rising number of research and development funding in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising disease prevalence, rising aging population, geographic expansion by key market players, and active participation of government in the market space.
The global Aortic Aneurysm Repair market is highly competitive owing to the presence of several key players such as Endologix Inc. Braile Biomédica S.A. Medtronic plc Cook Group Inc Bentley InnoMed GmbH Terumo Corporation W. L. Gore & Associates, Inc. Artivion, Inc. MicroPort Scientific Corporation Cordis Corporation, and others.
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Key findings of the study suggest:
- Global Aortic Aneurysm Repair Market is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030.
- In the Product segment, Aortic Stent-grafts emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing disease prevalence, rising technological advancement, and rising number of research and development funding in the region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Aortic Stent-grafts
- Hybrid stent-grafts
By Procedure Type:
- Open Surgery
- Endovascular Aortic Aneurysm Repair
- Frozen Elephant Trunk
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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