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What is the Anticipated Growth Speed of the Aortic Aneurysm Market Between 2024 and 2033?

The value of the aortic aneurysm market has seen considerable expansion in the recent past. This upward trajectory is expected to continue, with the market projected to rise from $3.41 billion in 2023 to $3.72 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.2%. Factors like an aging population, increasing occurrence of cardiovascular ailments, enhanced diagnostic methods, advances in surgical procedures, and public awareness campaigns have contributed to the growth witnessed in the historical period.

In the coming years, the aortic aneurysm market is anticipated to experience notable expansion, projected to reach a value of $5.35 billion by 2028. This entails a compound annual growth rate (CAGR) of 9.5%. Driving factors for this predicted growth include the increasing worldwide elderly population, a rise in cardiovascular diseases, evolution in treatment methods, a growing awareness of genetic predisposition, as well as improvement in healthcare facilities. Future trends encompass the creation of next-generation stent grafts, the incorporation of technology for remote monitoring, an increased occurrence of abdominal aortic aneurysms (aaa), and joint efforts in research and development.

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Which Factors Are Enhancing the Growth of the aortic aneurysm Market?

The escalating incidence of alcohol and tobacco intake is anticipated to boost the aortic aneurysm market. Both alcohol and nicotine-containing tobacco are psychoactive substances that impact the body’s central nervous system. Their increased consumption is the primary cause of aortic aneurysms. Notably, in May 2022, the World Health Organization (WHO), a Switzerland-based organization focused on international public health, reported that around 3 million deaths are annually attributed to alcohol consumption and 7 million are due to tobacco consumption globally. In addition, they found that nearly 13.5% of deaths in the 20-39 age bracket are linked to alcohol use. Moreover, data from the Centers for Disease Control and Prevention, a U.S national public health agency, revealed in 2021 that about 12 out of every 100 U.S. adults, or 11.5%, were current cigarette smokers, and approximately 28.3 million adults in the US admit to currently smoking cigarettes. Therefore, this escalating incidence of alcohol and tobacco use is fueling the growth of the aortic aneurysm market.

Which Segments Are Crucial in the Aortic Aneurysm Market?

1) By Type: Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)

2) By Treatment: Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)

3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers (ASCs), Other End Users

What Emerging Trends Are Shaping the Future of the Aortic Aneurysm Market?

The surge in technological innovation is attracting significant attention in the aortic aneurysm market. To solidify their market stance, leading companies are creating and incorporating groundbreaking technologies. For example, Royal Philips, a health tech firm based in the Netherlands, launched the Philips Abdominal Aortic Aneurysm Model in January 2021. This unique model leverages 3D ultrasound technology to provide precise diagnostic data, thereby safeguarding patients from high radiation levels and hazardous substances. The Philips AAA Model consolidates cutting-edge software and superior 3D ultrasound technologies into a unified solution, thereby bolstering diagnostic certainty and enhancing patient experience.

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What Regions Are At the Forefront of Aortic Aneurysm Market Expansion?

North America was the largest region in the aortic aneurysm market in 2023. The regions covered in the aortic aneurysm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Aortic Aneurysm Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the aortic aneurysm market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Aortic Aneurysm Market Include

1. Aortic Aneurysm Market Executive Summary

2. Aortic Aneurysm Market Segments

3. Aortic Aneurysm Market Size And Template Market Growth Rate

4. Key Aortic Aneurysm Market Trends

5. Major Aortic Aneurysm Market Drivers

……

25. Key Mergers And Acquisitions In The Aortic Aneurysm Market

26. Top Aortic Aneurysm Companies

27. Aortic Aneurysm Market Opportunities And Strategies

28. Aortic Aneurysm Market, Conclusions And Recommendations

29. Appendix

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