2019 aortic aneurysm market: Key factors shaping the market to progressive growth rate during the forecast period
Research work by OG Analysis on aortic aneurysm market includes market growth, opportunities, key trends and drivers, prominent players and competitive outlook across regions.
Growing risk factors such as geriatric population, occurrence of cardio vascular diseases at high rate and poor dietary habits of consumers are associated with the development of AAA and hence attribute to global demand of Aortic Aneurysm Market.
Going forward, Caucasian race, a positive family history, smoking, presence of other large vessel aneurysms and atherosclerosis are among the impacting factors driving the Aortic Aneurysm Market.
Strong prevalence of AAA drifts up the aortic aneurysm market size during estimated period
Based on recent statistics, in the United States, AAA-related complications were responsible for 9928 deaths, with a crude rate of 3.0 deaths per 100,000.
Among key types, Thoracic Aortic Aneurysm (TAA) and Abdominal Aortic Aneurysm (AAA), the incidences of abdominal aortic aneurysms (AAAs) has increased during the past decades, due in part to the aging of the population, rise in the number of smokers, introduction of screening programs, and improved diagnostic tools.
EVAR treatment segment perceives to hold the macro aortic aneurysm market share during forecast period
Open surgical repair and endovascular aneurysm repair are two treatment types, amid which endovascular grafting is increasingly being preferred and is driven by post surgical benefits of minimally invasive, safe, and quick healing method to treat an aortic aneurysm.
Increasing approvals of stent grafting rise the aortic aneurysm market opportunities
The different product types over which aortic aneurysm market is studied are stent grafts and catheters. Stent grafts are largely preferred for aortic aneurysm treatment by surgeons and patients driven by precise and less invasive approach. Bio-material and bioresorbable stent grafts are increasingly being approved by FDA.
Ongoing initiatives, regulations and innovations projects aortic aneurysm market growth during the fiscal period
Positive reimbursement by government and flexible regulations for medical and surgical devices in emerging countries like China and India are anticipated to show positive impact on market growth.
Intercontinental organizations including FDA and National Health Service (NHS) are focusing and working in order to decrease the incidence of aortic aneurysm.
The key players operating in the aortic aneurysm market are highly focusing on the development of medtechnology for complex aortic aneurysm repairs.
Key players majorly contributing towards expansion of aortic aneurysm market size