Increasing Prevalence of Brain Aneurysm and Associated Risk Factors
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, which may rupture or burst causing brain bleeding that could be fatal. 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. According to data published by the Brain Aneurysm Foundation in 2020, ~6.5 million people in the US, i.e., 1 in 50 persons, suffer from an unruptured brain aneurysm every year. Moreover, ~30,000 suffer a cerebral aneurysm rupture yearly, indicating that a cerebral aneurysm ruptures every 18 minutes. According to the Brain Aneurysm Foundation data, ~40.0% of ruptures are fatal and need intensive care and attention. According to studies conducted by the National Institutes of Health (NIH), ~3–5% of Americans might have an aneurysm in their lifetime.
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. As per the information provided by the National Library of Medicine in 2022, rupturing a cerebral aneurysm may accelerate mortality as ~25% die within the first 24 hours, and 50% die in the subsequent three months.
Market Overview
The North America cerebral aneurysm clips market is segmented into the US, Canada, and Mexico. The market's growth in the region is mainly due to the increasing incidences of brain aneurysms across the country. The US is currently leading the market due to rising awareness among the population, surge in research and development activities, and favorable government policies. Moreover, the market growth in Canada is expected to grow due to increasing support from the government to address the rising concerns about brain disorders. The market across Mexico is also estimated to grow due to the increasing medical industrialization and export of medical devices to the US and other countries.
North America Cerebral Aneurysm Clips Market Segmentation
The North America cerebral aneurysm clips market is segmented into material type, indication, condition, and end user. 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.
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. 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. 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. Based on country, the market is segmented into the US, Canada, and Mexico. The US 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; and Peter Lazic GmbH are among the leading companies operating in the cerebral aneurysm clips market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 18.4 Million |
| Market Size by 2028 | US$ 26.7 Million |
| CAGR (2022 - 2028) | 6.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Cerebral Aneurysm Clips Market is valued at US$ 18.4 Million in 2022, it is projected to reach US$ 26.7 Million by 2028.
As per our report North America Cerebral Aneurysm Clips Market, the market size is valued at US$ 18.4 Million in 2022, projecting it to reach US$ 26.7 Million by 2028. This translates to a CAGR of approximately 6.4% during the forecast period.
The North America 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 North America Cerebral Aneurysm Clips Market report:
The North America 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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