North American Market Forecast
The aortic aneurysm market in North America, is forecasted to hold the largest revenue of USD 2191.6 Million by the end of 2035. Moreover, the market in the North American region generated a revenue of USD 1, 276.1 million in 2022. Significant factors in the region include the presence of top-notch healthcare infrastructure and constant technological progress in the medical industry. North America has provided a profitable opportunity for companies to invest significantly in their R&D units and eventually come up with approaches that will aid in effectively treating the diseases but also increase affected patients’ lifespan. Through social media, populations in this region have become aware of various benefits of EVAR (Endovascular aneurysm repair) procedures critical for treating abdominal aortic aneurysm repair devices. Furthermore, healthcare professionals in North America are also opting for all these procedures because of minimized patient impediment and reduced time in the operating room.
APAC Market Statistics
The Asia Pacific aortic aneurysm market is set to witness the highest growth by witnessing a CAGR of 6.5 percent between the forecasted time frame. Various key players in the Asia Pacific region are investing heavily in developing innovative medical products that help treat the growing number of chronic diseases, particularly in countries such as China, India, and Japan. Also, regulatory bodies are promoting the use of abdominal aortic aneurysm repair devices more and more in these countries.
Author Credits: Radhika Gupta, Shivam Bhutani
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