The global aneurysm diagnostic and treatment market is anticipated to grow at a significant CAGR of 12% during the forecast period. Aneurysms are a medical condition that weakens the wall of arteries and causes abnormal outward bulging. Its treatment involves location-specific surgeries and medication to aid the surgery process to some extent. The rising prevalence of aneurysms due to unhealthy lifestyles, hypertension, smoking, and consumption of alcohol has been the major factor driving the market growth. Hypertension or elevated blood pressure is the main cau se of the increase in the risk of heart attack, brain, kidney, and other diseases. Hypertension problem is attributed as another factor to propelling the market. As per the World Health Organisation in 2020, 1.13 billion people worldwide have hypertension, and two-thirds live in middle-income countries. Additionally, the increase in the number of smokers is another factor driving the market for people with a history of smoking accounting for about 75% of aortic aneurysms. However, the high cost of surgical procedures is likely to harm the growth of the aneurysm diagnostic and treatment market during the forecast period.
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Additionally, the increasing geriatric population and rising cases of hypertension and diabetes associated with them are other factors driving the market growth. Moreover, the high prevalence of smokers and alcohol consumers who are most prone to this disease has been boosting the market. For instance, as per the Centers for Disease Control and Prevention, in 2019, around 14 of every 100 US adults of age 18 years or above-smoked cigarettes, which is 14% or 34.1 million adults.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Aneurysms Diagnostic and Treatment Market by Location
- Aortal Aneurysms
- Cerebral Aneurysms
- Peripheral Aneurysms
- Popliteal Aneurysms
- Splenic Aneurysms
- Mesenteric Aneurysms
- Others (Visceral)
Global Aneurysms Diagnostic and Treatment Market by Bulge Shape
- Fusiform Aneurysms
- Saccular Aneurysms
Global Aneurysms Diagnostic and Treatment Market by Treatment Approach
- Open surgery
- Endovascular stent-graft surgery
- Medications
Global Aneurysms Diagnostic and Treatment Market by Diagnosis Method
- CT Scan
- MRI Scans
- X-Ray
Global Aneurysms Diagnostic and Treatment Market by End-Users
- Hospitals
- Research Institutes
- Diagnostic Institutes
Regional Analysis
- North America
- United States
- Canada
- Europe
- the UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bentley
- Braile Biomedical
- Cardinal Health
- PDS Biotechnology
- Endospan Ltd.
- Infrascan, Inc.
- Integra Life Sciences Corp.
- Johnson & Johnson, Inc.
- JOTEC GmbH
- Lombard Medical, Inc.
- Medtronic PLC
- Microport Scientific Corp.
- Raumedic AgG
- .Sophysa Ltd.
- Spiegelberg GmbH
- Terumo Corp.
- Vascops Gmbh
- L. Gore & Associates, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aneurysm diagnostic and treatment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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