Rise in Research and Development Activities for Treating Cerebral Aneurysms
Several research organizations and companies are implementing constructive strategies to boost the research and development programs for treating cerebral aneurysms. In November 2016, Neos Surgery, headquartered in Barcelona, Spain, developed a plastic clip in collaboration with Advanced Engineering & Technologies GmbH and Institut für Verbundwerkstoffe GmbH, both located in Kaiserslautern, Germany. The new product significantly enhances earlier metal clips to treat cerebral aneurysms. Plastic clips allow post-surgical checkups via magnetic resonance imaging (MRI) and computed tomography (CT) scans, which is impossible when metal clips are in use. The technology was developed with the aid of the European Union's Eureka Eurostars program, which funded US$ 1.23 million for the R&D.
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.
Market Overview
The Europe cerebral aneurysm clips market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. Europe is the second–largest market with moderate growth rate owing to the surge in R&D activities, presence of major market players, and presence of developed healthcare facilities & infrastructure. Moreover, rising prevalence of cerebral aneurysm and increasing awareness among people, along with surge in geriatric population prone to cerebral aneurysm, are expected to drive the growth of the cerebral aneurysm clips market during the forecast period. The cerebral aneurysm clips market in the Rest of Europe is segmented into Poland, Austria, Switzerland, Sweden, Norway, Ireland, Denmark, Belgium, the Netherlands, and others. The growing healthcare research and innovation in healthcare industry in this region is likely to enhance the market's growth during the forecast period. The increasing prevalence of brain aneurysm along with associated risk factors such as increasing incidence of hypertension and smoking are further expected to contribute to the prevalence rate of brain aneurysm. These factors are anticipated to surge the R&D activities and innovation in the market, further contributing to new product launches and developments.
Europe Cerebral Aneurysm Clips Market Segmentation
The Europe cerebral aneurysm clips market is segmented into material type, indication, condition, and end user. 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.
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. By 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.
In terms of 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.
Based on country, the market is segmented into France, Italy, Germany, the UK, and the Rest of Europe. The Rest of Europe is anticipated to hold the largest market share in 2022. 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 are among the leading companies operating in the cerebral aneurysm clips market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 16.1 Million |
| Market Size by 2028 | US$ 22.8 Million |
| CAGR (2022 - 2028) | 6.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Cerebral Aneurysm Clips Market is valued at US$ 16.1 Million in 2022, it is projected to reach US$ 22.8 Million by 2028.
As per our report Europe Cerebral Aneurysm Clips Market, the market size is valued at US$ 16.1 Million in 2022, projecting it to reach US$ 22.8 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The Europe Cerebral Aneurysm Clips Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Cerebral Aneurysm Clips Market report:
The Europe Cerebral Aneurysm Clips Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the Europe Cerebral Aneurysm Clips Market value chain can benefit from the information contained in a comprehensive market report.
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