What is Abdominal Aortic Aneurysm Repair Market?
An abdominal aortic aneurysm (AAA) is a localized enlargement of the abdominal aorta such that the diameter is greater than 3 cm or more than 50% larger than normal that is due to weakness or degeneration that develops in a portion of the artery wall. Abdominal aortic aneurysm repair is a procedure used to treat an aneurysm and may be done in two ways including open repair and endovascular aneurysm repair (EVAR). This depends upon numerous factors such as the location and shape of the aneurysm as well as the physical condition of the patient. This repair is done to prevent the risk of rupture, relieve symptoms and restore good blood flow.
The market study is being classified by Type (Stent Graft, Synthetic Stent Graft, Catheter, Guidewire, Vascular Closure Devices and Balloon Inflation Devices) and major geographies with country level break-up.
Medtronic plc (Ireland), Bolton Medical Inc. (United States), Cook Medical Inc. (United States), Endologix Inc (United States), W. L. Gore & Associates, Inc. (United States), AbbVie Inc. (United States, Cardiatis S.A. (Belgium), C. R. Bard, Inc. (United States), Lombard Medical, Inc (United Kingdom), Terumo Corporation (Japan) and Aptus Endosystems Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Spectranetics International BV (Netherlands) and Cardinal Health Inc. (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Abdominal Aortic Aneurysm Repair market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Abdominal Aortic Aneurysm Repair market by Type, Application and Region.
On the basis of geography, the market of Abdominal Aortic Aneurysm Repair has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Abdominal Disorders
- Development of New Diagnostic Centres and Hospitals
Market Trend
- Technological Advancements in the Field of Medical Science
Restraints
- Complications Associated with Abdominal Aortic Aneurysm Repair such as Heart Attack, Irregular Heart Rhythms, Blood Clot and Others
Opportunities
- Development of Healthcare Infrastructure in Emerging Economies
- Growth in the Healthcare Industry Worldwide
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Abdominal Aortic Aneurysm Repair Product Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
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