GVR Report cover Aneurysm Clips Market Size, Share & Trends Report

Aneurysm Clips Market Size, Share & Trends Analysis Report, By Material (Titanium Aneurysm Clip, Cobalt Chromium Aneurysm Clip, Others), By Indication , By End-use, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR453675
  • Number of Pages: 0
  • Format: Electronic (PDF)

Market Synopsis

Aneurysm clipping is a surgical procedure used to treat brain aneurysms. It entails attaching a metal clip to the aneurysm's neck, which connects to the blood vessel from which it originated. Restricting blood from entering the aneurysm, helps to prevent the aneurysm from rupturing. Once the aneurysm clip is in position, it remains there permanently inside the skull, allowing the aneurysm to gradually contract while keeping the blood vessel nearby open. Aortic aneurysms are thought to be the cause of over 9,904 deaths in the U.S, according to CDC in 2019. Aneurysm clips come in a variety of sizes and forms since aneurysms typically vary in size and shape.  

Market Influencer

An increase in the incidence of brain aneurysms in several countries is anticipated to impact the market growth over the forecast period. A brain aneurysm is characterized by a balloon-like swelling in the blood vessel inside the brain, which generally appears in the lower regions of the brain. It is also termed as intracranial aneurysm or cerebral aneurysm. This aneurysm can rupture and cause bleeding in the adjoining subarachnoid space, thereby leading to a stroke or brain hemorrhage. For instance,around 200 aneurysm cases are treated at Johns Hopkins, one of the few hospitals in the nation, each year.

Furthermore, companies are focused on adopting extensive growth strategies such as increasing product diversification & differentiation of product portfolio, entering into strategic alliances, and broadening marketing and distribution channels in an attempt to increase the outreach of their products and gain a competitive edge which is expected to provide this market with lucrative growth opportunities. For instance,

  • In November 2019, the Corindus unit, recently bought by Siemens, executes the first robotic brain aneurysm operation which is expected to boost the market growth in the near future.

  • In October 2017, according to an announcement from Johnson & Johnson, the sale of its Codman Neurosurgery division to Integra LifeSciences Holding Corporation has been completed for an estimated price of USD 1.045 billion.

These mergers and acquisitions are expected to boost the aneurysm clips market growth over the forecast period. However, the presence of alternatives such as endovascular treatment along with the high cost of treatment are expected to obstruct market growth.

Leading participants in the aneurysm clips market include B. Braun Melsungen AG (Aesculap USA), Datenschutz/Rebstock Instruments GmbH, Peter LAZIC GmbH, Squadhouse Media - Werbeagentur Tuttlingen, Ortho-Medical GmbH, Codman & Shurtleff, Stryker, Medtronic, Boston Scientific, St. Jude Medical, Integra LifeSciences, Gebrüder Martin GmbH & Co. KG klsmartin, adeor medical AG among others.

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