Report : Middle East & Africa Cerebral Aneurysm Clips Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Pure Titanium and Titanium-Based Alloys, Cobalt-Chromium-Based alloys, Phynox, and Others), Indication (Saccular Aneurysm, Fusiform Aneurysm, and Mycotic Aneurysm), Condition (Unruptured Aneurysm and Ruptured Aneurysm), and End User (Hospitals, Neurology Centers, Ambulatory Surgical Centers, and Others)
At 4.7% CAGR, the Middle East & Africa Cerebral Aneurysm Clips Market is speculated to be worth US$ 5,009.91 Thousand by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa cerebral aneurysm clips market was valued at US$ 3,792.50 thousand in 2022 and is expected to reach US$ 5,009.91 thousand by 2028, registering an annual growth rate of 7.1% from 2022 to 2028. Growing financial aid for innovation and adoption of surgical robots and surge in geriatric population are the critical factors attributed to the market expansion.
As the symptoms of a brain aneurysm are complex to identify, approximately one in five patients remain unaware of these symptoms. Several government authorities and organizations offer financial aid and research platforms for researchers to improve the diagnosis and treatment of cerebral aneurysms. These research and development activities will likely encourage the adoption of advanced technologies such as robotics in neurosurgeries. Robotic surgeries allow surgeons to perform several types of complicated procedures with more ease, control, and precision than traditional procedures. Additionally, the growing emphasis on minimally invasive surgeries and improving surgical outcomes drive traction toward robot-assisted surgeries.
Further, WPI Automation and Interventional Medicine Laboratory have developed a Steady Hand Guided Aneurysm Clip Applier that can provide high precision motion while keeping neurosurgeons in contact with the surgical instrument. Force sensors are incorporated between the instrument and the robot; surgeons apply force on the instrument to guide the movement of connected robots. Tremor reduction, force scaling, and virtual fixtures are the features of robotic surgeries that can enable enhanced control. The system was demonstrated at the CNS Conference in Denver, Colorado, receiving good participant feedback.
The acceptance of robotic techniques for treating neurological and brain diseases is expected to increase due to their ability to improve performance with greater flexibility, accelerate recovery, and provide high accuracy. Moreover, the techniques are expected to streamline workflows and processes, improve patient experience, and provide superior surgical outcomes. Thus, the advancements in robotics will likely bring new trends to the cerebral aneurysm clips market in the coming years.
On the contrary, high cost of surgical procedures hurdles the growth of Middle East & Africa cerebral aneurysm clips market.
- Based on material type, the Middle East & Africa 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 43.3%, amassing US$ 1,642.35 thousand. It is projected to garner US$ 2,187.93 thousand by 2028 to expand at 4.9% CAGR during 2022–2028.
- Based on indication, the Middle East & Africa 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 88.5%, amassing US$ 3,357.70 thousand. It is projected to garner US$ 4,386.49 thousand by 2028 to expand at 4.6% CAGR during 2022–2028.
- Based on condition, the Middle East & Africa 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 97.7%, amassing US$ 3,704.64 thousand. It is projected to garner US$ 4,859.16 thousand by 2028 to expand at 4.6% CAGR during 2022–2028.
- Based on end user, the Middle East & Africa 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 63.5%, amassing US$ 2,408.69 thousand. It is projected to garner US$ 3,127.71 thousand by 2028 to expand at 4.4% CAGR during 2022–2028.
Our regional analysis states that the Rest of Middle East & Africa captured 41.2% market share in 2022. It was assessed at US$ 1,560.85 thousand in 2022 and is likely to hit US$ 2,005.35 thousand by 2028, exhibiting a CAGR of 4.3% during the forecast period.
Key players dominating the Middle East & Africa cerebral aneurysm clips market are ADCA; 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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