What is aortic aneurysm repair?
Aortic aneurysm repair involves medical procedures aimed at treating and managing these abnormalities. Surgical repair typically involves replacing the weakened section of the aorta with a synthetic graft, while endovascular repair involves the insertion of a stent graft to reinforce the weakened area.
What is the market value of aortic aneurysm repair market in 2032?
According to the report, the global Aortic aneurysm repair market generated $3.2 billion in 2022, and is anticipated to generate $5.8 billion by 2032, witnessing a CAGR of 6.1% from 2023 to 2032.
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Research Methodology
The research operandi of the global Aortic Aneurysm Repair Market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
Covid-19 Scenario
- Due to the COVID-19 pandemic and the subsequent global lockdowns, the aortic aneurysm repair market faced a downturn.
- However, there are various growth opportunities for companies operating in the aortic aneurysm repair market as the global situation started ameliorating, and the rise in number of surgeries has resumed.
Market Segmentation:
Procedure Type:
- Open Surgical Repair: Traditional surgical approach involving open surgery to repair the aortic aneurysm.
- Endovascular Aneurysm Repair (EVAR): Minimally invasive procedure involving the insertion of a stent graft through blood vessels to reinforce the weakened aorta.
Aneurysm Location:
- Abdominal Aortic Aneurysm (AAA): Aneurysm located in the abdominal aorta.
- Thoracic Aortic Aneurysm (TAA): Aneurysm located in the thoracic aorta.
Device Type:
- Aortic Stent Grafts: Devices used in EVAR procedures to reinforce the weakened aorta.
- Aortic Aneurysm Repair Implants: Various types of implants used in surgical repair procedures.
Patient Demographics:
- Age Group: Segmenting based on different age groups, as aortic aneurysms are more common in older individuals.
- Gender: Men are more susceptible to aortic aneurysms, so gender-based segmentation can be relevant.
Aneurysm Size:
- Small Aneurysms: Segmenting based on aneurysms of smaller dimensions.
- Large Aneurysms: Segmenting based on larger aneurysms that might require more complex interventions.
Geography:
- North America: Including the United States and Canada.
- Europe: Encompassing countries in Western Europe, Eastern Europe, and other regions.
- Asia-Pacific: Including countries like India, China, Japan, and others.
- Latin America: Covering countries in Central and South America.
- Middle East and Africa: Encompassing countries in the Middle East and the African continent.
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Growth of aortic aneurysm repair market is mainly due to the rise in incidences of aortic aneurysm such as abdominal aortic aneurysm and thoracic aortic aneurysm. In addition, surge in demand for advanced treatment procedures and devices, and rise in awareness among people regarding aortic aneurysm and its treatment option is anticipated to drive the market growth.
Key findings of the study
• By product type, the aortic stent-grafts segment was the highest contributor to the aortic aneurysm repair industry in 2022.
• By procedure type, the endovascular aortic aneurysm repair segment led the aortic aneurysm repair industry in terms of revenue in 2022.
• Region wise, North America generated the highest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
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Competitive Landscape
- Medtronic Plc
- Artivion, Inc.
- Terumo Corporation
- W. L. Gore and Associates, Inc.
- Microport Scientific Corporation
- Cook Group Inc
- Endologix Inc.
- Cordis Corporation
- Braile Biomédica S.A.
- Bentley Innomed GmBH
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
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