The global demand for Cerebral Aneurysm Clips Market is presumed to reach the market size of nearly USD 104.49 MN by 2028 from USD 63.81 MN in 2021 with a CAGR of 7.3% under the study period 2022 - 2028.
Cerebral aneurysm clips are implantable medical devices that are only used to isolate and close veins or arteries caused by isolated aneurysms. Cerebral aneurysm clips are made from austenitic stainless steels, elgiloy, phynox, titanium alloy, or commercially pure titanium. Cerebral aneurysm clips are placed on the neck (opening) of the aneurysm to obstruct blood flow and remain inside the brain. Cerebral aneurysm clips are utilized in a surgical procedure (a permanent fixture in the brain) to treat an aneurysm.
Market Dynamics
The rising prevalence of brain aneurysms worldwide is a major contributor to the growth of the cerebral aneurysms market. The growing number of diagnostic procedures related to the brain is also driving the market growth. Moreover, the cerebral aneurysm clips market is anticipated to grow over the forecast period due to increased demand for clips in surgical operations and improved titanium alloys in the clips. Further, the rising prevalence of risk factors associated with cerebral aneurysms, such as smoking, insomnia, and high blood pressure, is expected to drive market growth. Besides this, hypertension is another prominent factor raising the demand for cerebral aneurysm clips. However, the high cost of procedures impedes the overall growth of the cerebral aneurysm clip market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cerebral aneurysm clips. The growth and trends of cerebral aneurysm clips industry provide a holistic approach to this study.
Market Segmentation
This section of the cerebral aneurysm clips market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material Type
- Pure Titanium And Titanium-Based Alloys
- Cobalt–Chromium-Based Alloys
- Phynox
- Others
By Indication
- Saccular Aneurysm
- Fusiform Aneurysm
- Mycotic Aneurysm
By Condition
- Unruptured Aneurysm
- Ruptured Aneurysm
By End User
- Hospitals
- Neurology Centers
- Ambulatory Surgical Centers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cerebral Aneurysm Clips market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cerebral Aneurysm Clips Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cerebral aneurysm clips market include B. Braun Melsungen AG; Peter Lazic GmbH; Mizuho Medical Co. Ltd; Rebstock Instruments GmbH; KLS Martin Group; Integra Lifesciences Corporation; Ortho-Medical GmbH; and Adeor Medical AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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