Aneurysm clips market
Aneurysm Clips Market, by Aneurysm Type (Abdominal, Cerebral, Thoracic, and Peripheral), by Raw Material (Titanium, Cobalt, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026
- Oct 2018
- CMI2230
- 154 Pages
- Excel & Pdf
- Medical Devices
Aneurysm Clips Market – Insights
A brain aneurysm, also referred to as a cerebral aneurysm or Intracranial Aneurysm (IA) is a weak bulging spot on the wall of a brain artery like a thin balloon or weak spot on an inner tube. The two most recognized types of aneurysms are saccular and fusiform, whereas mycotic, pseudo, and blister represent the rarer types of aneurysms.
Brain aneurysms can be detected using non-invasive imaging methods such as magnetic resonance imaging. Clipping is a common and effective surgical treatment for brain aneurysms. The goal of clipping is to place a small metallic clip or clips along the neck of the aneurysm. Clipping prevents blood from entering into the aneurysm sac and reduce risk of bleeding. The aneurysm clip remains in place for life and the aneurysm shrinks and scar down permanently after clipping. Moreover, well-clipped aneurysms have an extremely low risk of redeveloping, so for majority of the patients the clipping procedure successfully resolves the aneurysm.
The global aneurysm clips market was valued at US$ 972.9 million in 2017, and is expected to witness a CAGR of 6.2% over the forecast period (2018 – 2026).
Global Aneurysm Clips Market Revenue (US$ Mn) Analysis, By Aneurysm Type, 2017
Source: Coherent Market Insights Analysis (2018)
Increasing incidences of aneurysm is expected to drive the aneurysm clips market growth
Although brain aneurysms affect individuals of all age, it is most prevalent in people age between 35 and 60. According to the Brain Aneurysm Foundation 2018 data, brain aneurysms cause nearly 500,000 deaths worldwide annually with half the victims younger than 50 years. Various factors contributing to the formation of brain aneurysms include smoking, drug use such as cocaine, hypertension or high blood pressure, congenital resulting from inborn abnormality in artery wall, tumors, traumatic head injury, family history of brain aneurysms and other disorders such as Polycystic Kidney Disease, Ehlers-Danlos Syndrome, Marfan Syndrome, and Fibromuscular Dysplasia (FMD).
According to the Center for Diseases Control and Prevention (CDC), in 2013, around 75 million American adults were suffering from high blood pressure and it was a primary cause of death for more than 410,000 Americans in 2014. High blood pressure enlarges or weaken the blood vessels causing aneurysms in many cases.
Aneurysm Clips Market Restraints
Despite aneurysm clipping procedure has shown to be a safe and effective to treat aneurysms, it is an invasive procedure that requires dissection of the skull and general anesthesia for the procedure. General anesthesia poses risks, especially for older patients and those with chronic health conditions.
Moreover, recovery after invasive surgery takes longer time. For instance, recovering from a clipping procedure performed on an unruptured aneurysm without complications may require a two to a five-day hospital stay and three to six weeks of recovery at home. Furthermore, a ruptured aneurysm can take considerably longer time to recover. The presence of an aneurysm clip in a patient or individual in the magnetic resonance environment can be potentially hazardous situation. MRI can cause serious damage to aneurysm clips made from metal causing serious injury or death of patient.
Aneurysm Clips Market - Regional Insights
On the basis of region, the global aneurysm clips market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America aneurysm clips market is expected to foresee major revenue share, owing to increasing incidences of aneurysm in the U.S. According to the Brain Aneurysm Foundation 2018 data, around six million people in the U.S. have unruptured aneurysms.
Europe aneurysm clips market is anticipated to grow at significant rate, owing to presence of industry players focusing on development of innovative products in the field of aneurysm. For instance, in 2016, Neos Surgery developed plastic clips, which allows post-surgical checkups via Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans, which is not possible with a metal clip. The technology was developed through the European Union’s Eureka Eurostars program, which funded R&D with US$ 1.23 million.
Global Aneurysm Clips Market Value (US$ Mn) & Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2018)
Key players operating in the global aneurysm clips market include B. Braun, Boston Scientific, Codman & Shurtleff, Integra LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho America, St. Jude Medical, Stryker Corporation, and RauMedic.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Aneurysm Type
- Market Snippet, By Raw Material
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Landscape
- Epidemiology Analysis
- Technology Landscape
- Global Aneurysm Clips Market, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Abdominal Aneurysm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Cerebral Aneurysm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Thoracic Aneurysm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Peripheral Aneurysm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Global Aneurysm Clips Market, By Raw Material, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Titanium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Cobalt
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Global Aneurysm Clips Market, By Region, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Aneurysm Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Raw Material, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- B. Braun
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Boston Scientific
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Codman & Shurtleff
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Integra LifeSciences
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- InoMed
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- KLS Martin Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Medtronic Plc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Mizuho America
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- St. Jude Medical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- RauMedic
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 21 market data tables and 26 figures on "Aneurysm Clips Market” - Global forecast to 2026”.