Global Aneurysm Clips Market, By Material Type (Titanium, Cobalt, Others), Aneurysm Type (Cerebral, Thoracic, Abdominal, Peripheral), Indication (Saccular Aneurysms and Fusiform Aneurysm), Disease Indication (Tumour and Brain Cancer, Brain Arteriovenous Malformations, Ischemic Stroke, Brain Aneurysm, Others), End User (Hospitals, Cardiac Centers, Specialty Clinics, Research Centers, Others) – Industry Trends and Forecast to 2029.
Aneurysm Clips Market Analysis and Size
The aneurysm clips market is anticipated to grow over the forecast period due to increased demand for the clips in surgical operations and the usage of improved titanium alloys in the clips. Additionally, the clips have a thin blade shape and are MRI compatible, protecting tissue integrity. During the forecast period, stable growth in unit offers of titanium aneurysm clips is anticipated to increase.
Data Bridge Market Research analyses that the aneurysm clips market which was USD 907.86 million in 2021, would rocket up to USD 1315.99 million by 2029, and is expected to undergo a CAGR of 4.75% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Aneurysm Clips Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material Type (Titanium, Cobalt, Others), Aneurysm Type (Cerebral, Thoracic, Abdominal, Peripheral), Indication (Saccular Aneurysms and Fusiform Aneurysm), Disease Indication (Tumour and Brain Cancer, Brain Arteriovenous Malformations, Ischemic Stroke, Brain Aneurysm, Others), End User (Hospitals, Cardiac Centers, Specialty Clinics, Research Centers, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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B. Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Abbott (U.S.), KLS Martin Group (Germany), inomed Medizintechnik GmbH (Germany), Integra LifeSciences (U.S.), Mizuho Bank, Ltd. (Japan), Stryker (U.S.), RAUMEDIC AG (Germany), Cyberonics (U.S.), Codman & Shurtleff (U.S.), St. Jude Medical (U.S.), Ortho-Medical GmbH (Germany), Peter LAZIC GmbH (Germany), Adeor Medical AG (Germany)
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Market Opportunities
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Market Definition
Aneurysm is an abnormal, localised balloon-like growth that causes the blood artery walls to bulge outward. Any blood artery is susceptible to aneurysms. Aneurysms commonly affect brain, thoracic aorta, and belly blood vessels. Aneurysm clips are implantable medical devices that are only used to isolate and close veins or arteries caused by isolated aneurysms in people. Application of an aneurysm clip(s) parallel to the long axis of the parent artery limits stress on the arterial wall at the neck and increases the likelihood that the entire neck is obliterated, which limits the need for additional clip application.
Aneurysm Clips Market Dynamics
Drivers
- Rise in ageing popultion
The market is anticipated to be driven by an ageing population, technical improvements in this industry, an increase in intracranial aneurysm ruptures, and the availability of biocompatible aneurysm clips in a range of shapes and sizes throughout the forecast period.
- Increasing aneurysm incidence
The rising aneurysm incidence is the major growth factor for the global aneurysm clips market. A localised dilation or swelling of a blood artery is a medical disorder known as an aneurysm. Around 6% of persons 65 and older, according to the world health organization (WHO), have an abdominal aortic aneurysm (AAA). In those 85 years and older, this percentage rises to 15–20 percent. Thus, it is anticipated that the need for aneurysm clips will increase in the approaching years due to the ageing population base.
- Increase in demand of aneurysm clips
Patients and medical professionals are becoming more aware of the many aneurysm treatment options available. Due to this, surgical treatments for certain conditions like clipping, coiling, and stenting have seen an increase in acceptance rates. As a result, it is anticipated that demand for aneurysm clips would increase in the upcoming years.
Opportunities
- Technological advancements
Especially in terms of miniaturisation and portability technologies like clip appliers/tipsters that can be used laparoscopically or endoscopically without making significant incisions on a patient's body surface area, the global market for aneurysm clips is experiencing rapid technological advancements. Over the forecast period, such technological developments are likely to increase demand for aneurysm clips.
Restraints/Challenges
- Stringent regulations
On the other hand, stringent norms to ensure bio magnetic compatibility to avoid unfavorable incidence and boost patient safety will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market.
This aneurysm clips market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aneurysm clips market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Aneurysm Clips Market
The COVID-19 pandemic had a detrimental influence on the market for cerebral aneurysm clips because of limitations on the number of general surgical procedures that could be performed globally at one time. The number of procedures recommended for patients who do not have COVID-19 has also been impacted by the closure of numerous departments at numerous hospitals throughout the world due to a lack of available staff. Furthermore, it is anticipated that patients with COVID-19 will rush to devote important resources to their care.
Global Aneurysm Clips Market Scope
The aneurysm clips market is segmented on the basis of type, material type, aneurysm type, indication, disease indication and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Titanium
- Cobalt
- Others
Material Type
- Titanium
- Cobalt
- Others
Aneurysm Type
- Cerebral
- Thoracic
- Abdominal
- Peripheral
Indication
- Saccular Aneurysms
- Fusiform Aneurysm
Disease Indication
- Tumour and Brain Cancer
- Brain Arteriovenous Malformations
- Ischemic Stroke
- Brain Aneurysm
- Others
End User
- Hospitals
- Cardiac Centers
- Specialty Clinics
- Research Centers
- Others
Aneurysm Clips Market Regional Analysis/Insights
The aneurysm clips market is analysed and market size insights and trends are provided by country, type, material type, aneurysm type, indication, disease indication and end user as referenced above.
The countries covered in the aneurysm clips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aneurysm clips market due to high adoption of surgical clips in aneurysm treatment.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to Japan, China and India expansion in robust place.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The aneurysm clips market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for aneurysm clips market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the aneurysm clips market. The data is available for historic period 2010-2020.
Competitive Landscape and Aneurysm Clips Market Share Analysis
The aneurysm clips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aneurysm clips market.
Some of the major players operating in the aneurysm clips market are:
- B. Braun Melsungen AG (Germany)
- Boston Scientific Corporation (U.S.)
- Medtronic (Ireland)
- Abbott (U.S.)
- KLS Martin Group (Germany)
- inomed Medizintechnik GmbH (Germany)
- Integra LifeSciences (U.S.)
- Mizuho Bank, Ltd. (Japan)
- Stryker (U.S.)
- RAUMEDIC AG (Germany)
- Cyberonics (U.S.)
- Codman & Shurtleff (U.S.)
- St. Jude Medical (U.S.)
- Ortho-Medical GmbH (Germany)
- Peter LAZIC GmbH (Germany)
- Adeor Medical AG (Germany)
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