The global intracranial aneurysm industry treatment is poised for substantial growth, as per the latest market analysis forecast. Between 2022 and 2032, the market is projected to witness a robust Compound Annual Growth Rate (CAGR) of 8.8%, soaring from US$ 1.2 billion in 2022 to an estimated US$ 2.56 billion by 2032.
The escalating prevalence of intracranial aneurysms, coupled with advancements in medical technology, is driving the surge in market growth. Intracranial aneurysms, potentially life-threatening vascular disorders, have led to an increasing demand for innovative treatment approaches. This surge in demand is further fueled by rising awareness, improved diagnostic capabilities, and a growing aging population globally.
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The evolving landscape of minimally invasive surgeries and the development of novel therapies are anticipated to significantly contribute to this market’s expansion. Moreover, the advent of advanced imaging techniques and the adoption of sophisticated treatment methods are poised to revolutionize the management and treatment outcomes for patients afflicted with intracranial aneurysms.
“We are witnessing an unprecedented trajectory in the global intracranial aneurysm market,” said Future Market Insights. “This growth not only reflects technological advancements but also underscores the commitment of the healthcare industry towards delivering improved patient care and enhanced treatment modalities.”
The report offers comprehensive insights into the key players, market trends, technological innovations, and regional dynamics shaping the trajectory of the intracranial aneurysm market. Key stakeholders, including healthcare providers, investors, and policymakers, are encouraged to leverage this analysis to understand the evolving landscape and capitalize on emerging opportunities.
As the market continues to evolve and witness substantial growth, stakeholders are urged to stay attuned to the changing dynamics, focusing on innovation, strategic partnerships, and research and development initiatives to address the unmet needs in intracranial aneurysm treatment.
Key Takeaways:
- The type category has three major segments, Surgical Clipping, Endovascular Coiling, and Flow Diverters. The endovascular coiling segment dominates the market while holding a market share of 85.3% of the global share.
- The minimally invasive techniques go through the catheter to locate the aneurysm in the brain. Growing hypertension among the geriatric population leads people to a higher chance of brain aneurysms and other diseases.
- The end user category is dominated by the hospital segment, holding 89.5% of the global market. The segment grows at a promising CAGR of 8.9% through the forecast period, attributed to application of technologically advanced tools in operation theaters and intensive care units along with increased number of healthcare units.
- North America holds 27% of the global share in the global intracranial aneurysm market in 2022. The growing intracranial aneurysm market in the North American region is attributed to the growing healthcare facilities, government investments, and the rising cases of brain aneurysms.
- Asia Pacific region is anticipated to thrive at the highest CAGR of 12.7% through 2032. Presence of emerging economies like India and China that are investing huge capital in building their healthcare infrastructure, advancing and making it tech-enabled.
“The Intracranial aneurysm market analysis states that the use of new platforms like Artificial intelligence, big data, and the internet of things (IOT) are integrating with the treatment solutions. Countries such as the U.S., the U.K., and Germany have witnessed a high prevalence of intracranial aneurysms in recent years. Neuro Intervention India states that approximately 6.0 million people in the U.S. develop an unruptured intracranial aneurysm. The treatment of brain aneurysms includes medical therapy, surgical clipping or endovascular therapy, or coiling without or with adjunctive devices, fueling the demand for intracranial aneurysm treatment solutions” says a Future Market Insights analyst.
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Competitive Landscape:
The Intracranial aneurysm market has various key competitors that focus on expanding healthcare centers with advanced technology. The key competitors understand and focus on new techniques that are aneurysm-specific and target wall healing and blood prevention. This makes the competitive landscape more dynamic and versatile, owing to the expansion of the intracranial aneurysm market.
The key competitors flourishing in the growth of intracranial aneurysm treatment solutions are Medtronic, Microport Scientific Corporation, B. Braun, Stryker, Johnson and Johnson Services Inc., Microvention Inc., and Codman Neuro (Integra Lifesciences).
Recent Developments:
- MicroPort Scientific Corporation has introduced new therapies for neurovascular intervention that resolve potential issues related to brain aneurysms, offering specific tools to surgeons. This fuels the sales of intracranial aneurysm treatment solutions.
- Stryker has added the neuroform atlas stent system that is further used in conjunction with metal coils that help in packing Aneurysms (week walls and blood vessel scar) in the brain. This is anticipated to help multiple surgeons across the globe.
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Intracranial aneurysm Market by Segmentation:
By Type Outlook:
- Surgical Clipping
- Endovascular Coiling
- Flow Diverters
By Application Outlook:
- Hospitals
- Clinics
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- South Asia
- Oceania
- Middle East and Africa
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