A weak bulge on the wall of an artery in the brain is the hallmark of an intracranial aneurysm (IA), also known as a brain aneurysm or cerebral aneurysm. Similar to a weak area or tiny bubble on an inner tube, this bulge. The two primary forms of aneurysms are saccular and fusiform, whereas mycotic, pseudo, and blister aneurysms are less frequent.
Brain aneurysms can be found using non-invasive imaging techniques like magnetic resonance imaging. Clipping is a popular and efficient surgical procedure for treating brain aneurysms. In order to stop blood from entering the aneurysm sac and lower the risk of bleeding, this procedure involves inserting tiny metallic clips at the aneurysm’s neck. The aneurysm permanently contracts and fades away after being clipped, and the clip stays in place for life. Additionally, well-clipped aneurysms have a very low risk of regrowing, making clipping a successful treatment for the majority of patients.
The aneurysm clip market had a value of US$ 972.9 million in 2017 and is anticipated to expand at a 6.2% CAGR over the next five years (2018 – 2026).
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The market for aneurysm clips is anticipated to grow as aneurysm incidences rise.
Though they can happen to anybody, brain aneurysms most frequently strike people between the ages of 35 and 60. The Brain Aneurysm Foundation’s 2018 figures show that brain aneurysms cause close to 500,000 fatalities annually throughout the world, with half of the victims being under 50. Smoking, drug use (such as cocaine), high blood pressure or hypertension, tumours, traumatic head injuries, a family history of brain aneurysms, and other conditions like polycystic kidney disease, ehlers-danlos syndrome, marfan syndrome, and fibromuscular dysplasia are some of the factors that can cause brain aneurysms to form (FMD).
According to the Centers for Disease Control and Prevention, 75 million American adults were estimated to have high blood pressure in 2013. (CDC). More than 410,000 Americans died from high blood pressure in 2014, making it one of the leading causes of mortality in the country. High blood pressure can create aneurysms because, in many situations, it enlarges or weakens the blood vessels.
Market Restrictions for Aneurysm Clips
Aneurysm clipping has been shown to be a successful and secure method of treating aneurysms, but it is an intrusive technique that requires opening the skull and the use of general anaesthesia. General anaesthesia can bring dangers, particularly for elderly patients and those with chronic health issues.
The healing time following invasive surgery is also drawn out. Patients may need to spend two to five days in the hospital after having an unruptured aneurysm clipped, followed by three to six weeks of home recuperation. But, a ruptured aneurysm rehabilitation may take much longer. Additionally, in magnetic resonance imaging (MRI) settings, a patient’s possession of a metallic aneurysm clip may be dangerous. For individuals who have metal clips in their aneurysms, MRI can result in serious injury or even death.
Market for Aneurysm Clips – Regional Insights
Based on geographic areas, the aneurysm clip market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to the increasing prevalence of aneurysms in the United States, North America is anticipated to account for a significant portion of market revenue for aneurysm clips. According to data from the Brain Aneurysm Foundation from 2018, there are about six million unruptured aneurysms in the United States.
Due to the existence of market participants who focus on cutting-edge product development in the aneurysm area, the aneurysm clips market in Europe is predicted to grow significantly over the next years. For instance, in 2016, Neos Surgical created plastic clips that make it possible to do post-operative MRI and CT scans, which are not possible when using metal clips. The R&D for the invention was funded by $1.23 million from the Eureka Eurostars initiative of the European Union.
Many major companies, including but not limited to B. Braun, Boston Scientific, Codman & Shurtleff, Integra LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho America, St. Jude Medical, Stryker Corporation, and RauMedic, dominate the market for aneurysm clips globally.
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| The market size value in 2023 |
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Market Overview
- Definition of Aneurysm Clips Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Aneurysm Clips Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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