Aortic Aneurysm Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Aortic Aneurysm Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Portrayed as a silent killer by medical experts, instances of (abdominal) aortic aneurysm are underpinned by hypertension, atherosclerosis, infection of aorta, and diseased aortic blood vessels. Besides smoking and tobacco consumption, hyperlipidemia, aging and a strong family history of CVDs and/or hyperlipidemia are cited as the key risk factors associated with aortic aneurysm condition, raising the demand for treatment of aortic aneurysm.

Competition Analysis: Global Aortic Aneurysm Market

Leading aortic aneurysm market players such as Terumo and Medtronic are focusing on strategic acquisitions and mergers involving relatively smaller companies, in an effort to capture new geographical territories, and enhance product portfolios. Research indicates that domestic/regional manufacturers of aortic aneurysms continue to capitalize on the benefits driven by a lower price point of stent grafts, over multinational brands.

  • Endovascular Technology Corp., a MicroPort Scientific Corp. subsidiary, recently acquired shares in Lombard Medical Limited and Lombard Medical Technologies GmbH. The deal was intended to push the acquirer’s efforts in commercialization of their two new stent-graft technologies, viz. Altura and Aorfix.
  • A leading distributor of preserved cardiac tissues and vascular transplant applications, Cryolife Inc., acquired JOTEC GmbH, a recognized brand in the vascular implants space.
  • In the backdrop of inadequate availability of advanced endovascular management of thoracic aortic aneurysm, MicroPort Endovascular (Shanghai) Co., Ltd. accomplished research in the development of a multi-functional stent graft with aortic dissection repair capability. The launch of Castor, the world’s first-ever branched stent graft that simultaneously supports aortic arch repair, along with that of the descending aorta and left subclavian artery. Castor recently received the CAFDA (China Food and Drug Administration) approval to be launched in the Chinese aortic aneurysm market.

Dynamics: Global Aortic Aneurysm Market

Dramatically rising rate of lifestyle disease prevalence and constantly expanding smoking population worldwide, collectively elevate the risks of aortic aneurysm. With geriatric population expanding at a progressive rate, the demand for aortic aneurysm treatment is likely to experience more prominence in the years to come.

Sustained tobacco consumption is another strong reason responsible for towering demand for treatment of aortic aneurysm. Advent of technology pushing the potential of endovascular surgical procedures is also cited as a high impact factor associated with the performance of the aortic aneurysm market. A relatively spiking number of FDA approvals for devices and treatment technologies used in aortic aneurysm treatment is one of the predominant factors favoring growth of global aortic aneurysm market.

High Availability of Treatment for Abdominal Aortic Aneurysm to Support Market Growth

An increasing number of instances of abdominal aortic aneurysm occurring at juxtarenal or infrarenal part of lower abdomen has been prominently highlighting the need for abdominal aortic aneurysm treatment in the market. On the other side, the prevalence of thoracic aortic aneurysm has been growing at a relatively steady pace, and thus fueling the demand for aortic aneurysm treatment at a moderate pace. However, introduction of advanced technology enabled products in the thoracic aortic aneurysm segment is likely to contribute to the performance of aortic aneurysm market in the years to come.

Launch of High-tech Stent Grafts to Assist Revenue Growth of Aortic Aneurysm Market

Catheters that are used for occlusion and blood vessel expansion typically account for additional expenditure adding to the overall treatment costs. Whereas, stent grafts that are consistently influenced by design innovations driven by technological advancements, which is encouraging new product launches such as aortic aneurysm stent grafts with in-built imaging and delivery catheter – in turn, pushing prospects of aortic aneurysm market.

Aortic Aneurysm Market Continues to Witness Significant Expansion across North America

North America has been a key investment pocket for leading players in aortic aneurysm market owing to a significant number of abdominal aortic aneurysm cases, early technology adoption, high acceptance of cutting-edge technology enabled products, and a progressive market scenario for strategic collaborative agreements between key players. Tightening regulatory framework in the US is governing quality of new launches, ultimately favoring the growth of aortic aneurysm market, further complemented by the overall reimbursement scenario for surgical aortic aneurysm procedures. While the US Medicare Policy covers over 70% of the treatment costs, a contrary medical reimbursement scenario in developing countries is restricting penetration of aortic aneurysm treatment.

Taxonomy: Global Aortic Aneurysm Market

Based on type, the global aortic aneurysm market is categorized into -

  1. AAA (Abdominal Aortic Aneurysms)
  2. TAA (Thoracic Aortic Aneurysm)

By the type of treatment, the global aortic aneurysm market is segmented into -

  1. EVAR (Endovascular Aneurysm Repair)
  2. OSR (Open Surgical Repair)

On the basis of type of product, the global aortic aneurysm market is classified into -

  1. Catheters
  2. Stent Grafts

End use-wise, the global aortic aneurysm market is segmented into -

  1. Clinics
  2. ASCs (Ambulatory Surgical Centers)
  3. Hospitals

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?