Intracranial aneurysm, also called as brain or cerebral aneurysm is a bulging, weakened area in the wall of an artery in the brain. It results in an abnormal ballooning, widening, or bleb. An intracranial aneurysm majorly occurs in an artery located in the front part of the brain, which supplies oxygen-rich blood to the tissues. Factors contributing to the formation of intracranial aneurysm are hypertension, smoking, injury or trauma to the blood vessels, complication from few types of blood infections, and genetic predisposition. The treatment of intracranial aneurysm includes medical therapy, surgical clipping or therapy and endovascular therapy or coiling without or with adjunctive devices.
Intracranial Aneurysm Market: Key Players
The research study includes profiles of leading companies operating in the global intracranial aneurysm market. Key players profiled in the report include: Medtronic Plc., Microport Scientific Corporation, B. Braun, Stryker, Johnson and Johnson Services Inc., Microvention Inc., Codman Neuro (Integra Lifesciences), Sophysa Ltd., Codman & Shurtleff, & Vittamed.
Drivers for the Global Intracranial Aneurysm Market:
Increasing number of patients suffering from hypertension and trauma or injury to blood vessels is another factor driving the overall brain aneurysm treatment market. Hypertension is mainly caused due to high blood pressure, which significantly increases the risk of brain, heart, kidney and other diseases. While Increasing incidence of intracranial aneurysm in some of the developed and developing countries has driven the launch of technologically advanced products in the market. However, growth of ageing population, lifestyle stress, rising incidence of hypertension, large population, improvement in the quality of diagnosis, and increasing patient affordability. All the above-mentioned factors have together resulted in a significant growth of the intracranial aneurysm market.
Opportunities for the Global Intracranial Aneurysm Market:
Increasing number of patients suffering from cerebrovascular disorder and rising adoption of minimally invasive intracranial aneurysms procedures are expected to drive the market in the coming years. Additionally, increasing incidences of intracranial aneurysm in some of the developed and developing countries will drive the launch of technologically advanced products in the market. Moreover, lucrative growth opportunities in developing countries, such as Japan, India, and China, are likely to contribute to the regional brain aneurysm market growth. Moreover, high prevalence of intracranial aneurysm is anticipated to boost the brain aneurysm market growth over the forecast period.
Restrains for the Global Intracranial Aneurysm Market:
The procedural efficacy and medical complications arising during neurovascular treatments depend upon a neurosurgeon’s skills to precisely place or retrieve neurovascular devices in a patient’s body. As a result, a surgeon’s experience in operating a neurovascular device is of utmost importance. Complications in the treatment of unruptured aneurysms include operative morbidity, induced hypertension, hypervolemia, and silent thromboembolic events. Surgical clipping is an important therapeutic alternative to treat cerebral aneurysms.
However, the mature markets such as the U.S., Germany, and Japan have a limited number of neurosurgeons possessing the required skills and experience to perform surgical clipping or endoscopy to treat complex cerebral aneurysms. In terms of providing training and skill development, healthcare providers across these markets have been unable to match the ongoing technological advancements and expansion of patient base. Thus, the dearth of skilled and experienced neurosurgeons is restraining the adoption of intracranial aneurysm market.
Region Wise, Global Intracranial Aneurysm Market Analysis:
Report covers the region wise analysis, global Intracranial aneurysm can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global intracranial aneurysm market share followed by North America & Europe. While the Asia Pacific leads the global intracranial aneurysm market due to the presence of well-established healthcare facilities. Furthermore, increase in the prevalence of intracranial aneurysm is driving the market. However, growth of ageing population, lifestyle stress, rising incidence of hypertension, large population, improvement in the quality of diagnosis, and increasing patient affordability. All the above-mentioned factors have together resulted in a significant number of intracranial aneurysm procedures in Asia Pacific. Moreover, lucrative growth opportunities in developing countries, such as Japan, India, and China, are likely to contribute to the regional brain aneurysm market growth.
Global Intracranial Aneurysm Market: Product analysis
- Surgical Clipping
- Endovascular Coiling
- Flow Diverters
Global Intracranial Aneurysm Market: Application analysis
Global Intracranial Aneurysm Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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