The intracranial aneurysm market is gaining traction as a result of recent technological advancements, an increase in the number of cases of brain aneurysm and its complications, and the introduction of minimally invasive procedures.
The global Intracranial Aneurysm Market is expected to grow at a promising CAGR of 8.8% between 2022 and 2032. The market is expected to reach USD 2.56 billion by 2032, after reaching USD 1.2 billion in 2022.
A global study on the intracranial aneurysm market explains that the growing cases of intracranial aneurysms in the brain involve the bulging in the wall of an artery in the brain. It causes swelling, ballooning, and widening. Aneurysms weaken the walls and make it hard for the nerves to function properly.
The new advanced technology integrating with intracranial aneurysm treatment and solutions is attributed to the expanding intracranial aneurysm market size. End-user patients and treatment centres are adopting intracranial aneurysm treatment and solution methods as the risk of walls bursting rises.
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The intracranial aneurysm market is gaining traction as a result of recent technological advancements, an increase in the number of cases of brain aneurysm and its complications, and the introduction of minimally invasive procedures.
Key Takeaways:
“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
Intracranial aneurysm Market by Segmentation
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 03, 2023