Aortic Aneurysm Market 2019: Analysis, Size, Share, Trends, Key Vendors, Drivers And Forecast 2027

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Summary

Increasing Prevalence of Tobacco Smoking Across the Globe and Growing Count of Geriatric Population Together Influence Positively in Boosting the Growth of Aortic Aneurysm Market

Press Release

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Global Aortic Aneurysm Market, by Type (Thoracic Aortic Aneurysm and Abdominal Aortic Aneurysm), by Treatment (Open Surgical Repair and Endovascular Aneurysm Repair), by Product (Stent Grafts and Catheters), by End-Use (Hospitals and Ambulatory Surgery Centres & Clinics), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2019 and 2027.

As per the report, the aortic aneurysm market is estimated to have a steady growth during the forecast years, accounting for the rise in the elderly populace, increasing count of patients suffering from hyperlipidemia and hypertension and the trending culture of smoking across the globe. An upsurge in the numbers of cardiovascular disease cases along with the technical development in the medical and healthcare sector is also expected to boosts market growth. In addition, the supportive reimbursement policy for aortic aneurysms treatment in developed regions also aids positive growth during the forecast period. Besides, the poor dietary habits prevailing among a large count of population coupled with the improving healthcare infrastructure and the mounting cases of abdominal aortic aneurysm also propels the growth of aortic aneurysm market. However, the expensive nature of aortic aneurysm treatment along with the high cost of the device is likely to restrict the market growth. Besides, the low reimbursement in the emerging regions and the risk linked with aortic aneurysm treatment process is also hampering the demand for aortic aneurysm treatment.

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