Global Aortic Aneurysm Market: Overview
The demand within the global market for aortic aneurysm has been rising on account of advancements in the field of cardiac treatments. The medical fraternity has remained steadfast in developing new methods and medications for disorders related to the aorta. This factor has emerged as a vital dynamic of growth within the global aortic aneurysm market in recent times. Aortic aneurysm is a medical condition characterised by an abnormal and unusual bulge in the aorta or the large blood vessel of the body.
The aorta is responsible for carrying blood from the heart to all the other parts of the body. Henceforth, it is extremely important to ensure proper health and functioning of the aorta. Considering the aforementioned factors, it is legit to expect that the global aortic aneurysm market would accumulate voluminous revenues in the years to come.
The past decade has been an era of changes in the healthcare industry, and several new practices and techniques have been instituted in this industry. This factor has brought aortic aneurysm treatment technologies under the spotlight of attention in recent times. Furthermore, the presence of a stellar industry for cardiac treatments has also brought in voluminous investments in the global aortic aneurysm market. There is a high possibility of improved aortic aneurysm technologies coming to the fore in the years to follow.
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The global market for aortic aneurysm can be segmented on the basis of the following parameters: type, treatment, product, and end-user. On the basis of treatment, the demand for EVAR treatments has superseded the demand for OSR treatments in recent times. Besides this, the global aortic aneurysm market consists of the three main products viz. grafts, stents, and catheters. The demand for catheters has been rising due to the growing incidence of cardiac diseases in children.
Global Aortic Aneurysm Market: Notable Developments
The global aortic aneurysm market has undergone several key advancements in recent times, and it is worthwhile to mention some of these developments:
- Several medium-sized vendors are focusing on getting approvals for their products from international medical organisations and research centers.
- Endovascular Technology Corp. acquired a portion of shares in Lombard Medical Limited and Lombard Medical Technologies GmbH.
- The presence of lucrative opportunities within the global aortic aneurysm market has prompted several new vendors to enter the market.
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Global Aortic Aneurysm Market: Growth Drivers
- Need for Urgent Treatment of Arterial Diseases
The growth of the global aortic aneurysm market largely hinges onto advancements in the domain of cardiovascular treatments. The presence of a bulge in the arteries can give rise to several other medical complications and issues. Hence, it is essential to ensure that aortic aneurysm is treated with a high level of urgency. The global aortic aneurysm market is expected to witness improvements in its revenue index in the years to follow.
- Rising Geriatric Population
People aged above 60 years are more prone to suffering from cardiovascular diseases. This has led medical practitioners to institute key developments for the treatment of diseases that affect the geriatric population. Hence, the global aortic aneurysm market is projected to accumulate voluminous revenues in the years to follow.
Global Aortic Aneurysm Market: Regional Outlook
On the basis of geography, the global aortic aneurysm market has been segmented into North America, the Middle East and Africa, Europe, Asia Pacific, and Latin America. The market for aortic aneurysm in Asia Pacific has been expanding alongside advancements in the field of cardiac treatments.
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- North America (U.S. and Canada)
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- Eastern Europe (Poland and Russia)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)
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