At 6.0% CAGR, the Europe Cerebral Aneurysm Clips Market is projected to be worth US$ 22,835.12 Thousand by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe cerebral aneurysm clips market was valued at US$ 16,120.86 thousand in 2022 and is expected to reach US$ 26,660.42 thousand by 2028, registering an annual growth rate of 6.4% from 2022 to 2028. Increasing prevalence of brain aneurysm along with associated risk factors and rise in research and development activities for treating cerebral aneurysms are the critical factors attributed to the market expansion.

A brain aneurysm or cerebral aneurysm is the development of a bulge in the brain's blood vessels. The bulge puts pressure on the nerves or brain tissues, and rupture or burst can cause brain bleeding, which can be fatal to a patient. Factors such as genetic conditions, arteriovenous malformations, untreated high blood pressure, and smoking cause brain aneurysms.

The growth of the cerebral aneurysm clips market is prominently attributed to the increasing prevalence of brain aneurysm cases. The increasing number of diagnostic procedures associated with the brain is also contributing to market growth.

Clipping is performed during an open brain surgery to cut the blood flow to the aneurysm. This is done by locating the blood vessels that feed the aneurysm and placing a tiny, metal, clothespin-like clip on its neck to stop its blood supply. The effectiveness of clipping depends on the location, size, and shape of the aneurysm. Further, an increasing commonness of risk factors associated with cerebral aneurysms—smoking, insomnia, and high blood pressure—are anticipated to drive the market growth.

On the contrary, high cost of surgical procedures hurdles the growth of Europe cerebral aneurysm clips market.

• Based on material type, the Europe cerebral aneurysm clips market is segmented into pure titanium and titanium-based alloys, cobalt–chromium-based alloys, phynox, and others. The pure titanium and titanium-based alloys segment is anticipated to hold the largest market share in 2022 with a share of 44.2%, amassing US$ 7,125.02 thousand. It is projected to garner US$ 10,170.75 thousand by 2028 to expand at 6.1% CAGR during 2022–2028.
• Based on indication, the Europe cerebral aneurysm clips market is segmented into saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. The saccular aneurysm segment is anticipated to hold the largest market share in 2022 with a share of 88.7%, amassing US$ 14,306.74 thousand. It is projected to garner US$ 20,163.66 thousand by 2028 to expand at 5.9% CAGR during 2022–2028.
• Based on condition, the Europe cerebral aneurysm clips market is segmented into unruptured aneurysm and ruptured aneurysm. The unruptured aneurysm segment is anticipated to hold a larger market share in 2022 with a share of 97.2%, amassing US$ 15,675.00 thousand. It is projected to garner US$ 22,046.69 thousand by 2028 to expand at 5.8% CAGR during 2022–2028.
• Based on end user, the Europe cerebral aneurysm clips market is segmented into hospitals, neurology centers, ambulatory surgical centers, and others. The hospitals segment is anticipated to hold the largest market share in 2022 with a share of 65.2%, amassing US$ 10,511.24 thousand. It is projected to garner US$ 14,645.83 thousand by 2028 to expand at 5.7% CAGR during 2022–2028.   

Our regional analysis states that the Rest of Europe captured 32.0% market share in 2022. It was assessed at US$ 16,120.86 thousand in 2022 and is likely to hit US$ 22,835.12 thousand by 2028, exhibiting a CAGR of 6.0% during the forecast period.

Key players dominating the Europe cerebral aneurysm clips market are adeor medical AG; B. Braun Melsungen AG; Integra LifeSciences; KLS Martin Group; Mizuho Medical Co, Ltd; Ortho-Medical GmbH; Peter Lazic GmbH; and REBSTOCK INSTRUMENTS GMBH.

Below is mentioned a key market development by a major player:

• In August 2021, Biomedica Italia extended its partnership with Peter Lazic GmbH for the distribution and manufacturing of L-Aneurysm Clip and microsurgery instruments for neurosurgery. The contract was signed for the next 5 years.

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