At 6.4% CAGR, the North America Cerebral Aneurysm Clips Market is projected to be worth US$ 26,660.42 Thousand by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America cerebral aneurysm clips market was valued at US$ 18,421.32 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.

Several research organizations and companies are implementing constructive strategies to boost the research and development programs for treating cerebral aneurysms. Moreover, physicians use intraoperative angiography (advanced imaging) to compare the blood vessels before and after surgery while clipping. These pictures help ensure a positive outcome. Neurosurgeons can also make a smaller opening in the skull, which means less scarring. Several companies in this space also focus on collaborative efforts to introduce new technologies and novel products for treating cerebral aneurysms.

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

• Based on material type, the North America 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 41.2%, amassing US$ 7,598.40 thousand. It is projected to garner US$ 11,083.78 thousand by 2028 to expand at 6.5% CAGR during 2022–2028.
• Based on indication, the North America 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 89.5%, amassing US$ 16,491.14 thousand. It is projected to garner US$ 23,751.50 thousand by 2028 to expand at 6.3% CAGR during 2022–2028.
• Based on condition, the North America 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 96.3%, amassing US$ 17,736.88 thousand. It is projected to garner US$ 25,458.12 thousand by 2028 to expand at 6.2% CAGR during 2022–2028.
• Based on end user, the North America 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$ 11,705.32 thousand. It is projected to garner US$ 16,661.80 thousand by 2028 to expand at 6.1% CAGR during 2022–2028.   

Our regional analysis states that the US captured 79.0% market share in 2022. It was assessed at US$ 14,548.52 thousand in 2022 and is likely to hit US$ 21,240.66 thousand by 2028, exhibiting a CAGR of 6.5% during the forecast period.

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