Aortic Aneurysm Market Observe Significant Growth Of USD 10.4 Billion By 2030Posted by Neha Bora on April 25th, 2024 San Francisco, 25 April 2024: The Report Aortic Aneurysm Market Size, Share & Trends Analysis Report By Type (TAA, AAA), By Treatment (OSR, EVAR), By Product (Stent Grafts, Catheters), By End-use, By Region, And Segment Forecasts, 2023 - 2030 The global aortic aneurysm market size is expected to reach USD 10.4 billion by 2030, expanding at a CAGR of 10.61% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing geriatric population in developed countries, rapid adoption of sedentary lifestyles, and a rise in the number of tobacco smokers are expected to be the key factors driving the global market. According to a study published by the American Heart Association Inc., it was found that smoking was considered to be responsible for 75% of the excess prevalence of AAAs ≥4 cm. Furthermore, technological advancements in endovascular surgical procedures will augment the industry's growth. Cases of abdominal aortic aneurysms, especially in men aged 65 years and above, surpassed the number of thoracic aortic aneurysms by threefold. This has increased the demand for advanced stent-graft systems for AAA. Due to the lack of multiple treatment options and being a complex procedure, TAA procedures are fewer. This offers a lucrative opportunity to the manufacturers for developing advanced products for Thoracic Endovascular Aneurysm Repair (TEVAR). The COVID-19 pandemic negatively impacted the AA market. Many government associations such as the American College of Surgeons and the French Vascular Surgical Society recommended the postponement of uncomplicated AA procedures. Many hospitals limited surgical activity related to aortic diseases, with EAVR being preferred over open surgery. As a result, the sales of AA devices reported a sharp decline. For instance, the endovascular segment of Microport Scientific Corporation witnessed a decline of 42.1% in revenue in 2021. Access Research Report of Aortic Aneurysm Market @ https://www.grandviewresearch.com/industry-analysis/aortic-aneurysm-market Aortic Aneurysm Market Report Highlights
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List of Key Players in the Aortic Aneurysm Market
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