Aneurysm Clips Market to Surpass US$ 1,600 million by 2026

Published On : Oct 22, 2018

The Global 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) was valued at US$ 972.9 million in 2017 and is projected to exhibit a CAGR of 6.2% over the forecast period (2018 - 2026), as highlighted in a new report published by Coherent Market Insights.

The surgical management of aneurysms with the application of aneurysm clips is a well-established procedure. Aneurysm clips have gone through many changes, both in the materials and in the intricate design of their mechanisms. Currently, there are four major clip designs available in the market including the Sundt Slim-Line, McFadden Vari-Angle, and Sugita and Yasargil type clips. Clipping surgery can be performed on most types of aneurysms, including ruptured and unruptured aneurysms. It can also be performed on aneurysms considered difficult to treat, such as those with a wide neck at the base.

In September 2018, the OpenMind project, which involves nine European partners across six different countries, developed the first production process using Fibre-Reinforced Plastics (FBR), which is able to produce customized minimally invasive medical devices used during MRI guided surgeries. Some of the devices produced using the new production facility include aneurysm clips, catheters, and puncture needles.

In 2016, Neos Surgery (Barcelona, Spain), in partnership with Advanced Engineering & Technologies GmbH and Institut für Verbundwerkstoffe GmbH, developed a plastic clip, over metal clips to treat aneurysms. The plastic clip allows post-surgical checkups through Computed Tomography (CT) and Magnetic Resonance Imaging (MRI) scans, which is not possible with metal clips.

Browse 21 Market Data Tables and 26 Figures spread through 154 Pages and in-depth TOC on "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) - Global Forecast to 2026"

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Key Takeaways of the Aneurysm Clips Market:

  • The global aneurysm clips market is expected to expand at a CAGR of 6.2% during the forecast period (2018–2026), owing to increasing incidences of aneurysms. According to the Brain Aneurysm Foundation 2018 data, around 500,000 deaths occur worldwide annually due to brain aneurysms.
  • Among raw material, the titanium segment is expected to generate significant revenue in 2018, as titanium clips have minimal interference with both computed tomography and magnetic resonance imaging in comparison to other raw materials.
  • Major 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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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