Brain Aneurysm Treatment Market Scope
Aneurysms can be caused by a number of factors, including high blood pressure and atherosclerosis, trauma, genetics, and irregular blood flow at the point where two arteries meet. Aneurysm treatment is surgery that corrects an aneurysm in the brain. This is a weak spot in the wall of a blood artery that causes it to expand or inflate out and occasionally explode (rupture). It would cause bleeding into the cerebrospinal fluid (CSF) surrounding the brain.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
Key Companies Profiled | Stryker Corporation (United States), Penumbra, Inc (United States), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Mizuho Medical Co, Ltd (Japan), Penumbra, Inc (United States), Spiegelberg GmbH (Germany), Medtronic (Ireland), Johnson & Johnson Services, Inc (United States) and Kaneka Corporation (Japan) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Brain Aneurysm Treatment market throughout the predicted period.
Stryker Corporation (United States), Penumbra, Inc (United States), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Mizuho Medical Co, Ltd (Japan), Penumbra, Inc (United States), Spiegelberg GmbH (Germany), Medtronic (Ireland), Johnson & Johnson Services, Inc (United States) and Kaneka Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Raumedic AG (Germany), Adeor medical AG (Germany) and Evasc Medical Systems Corp (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Brain Aneurysm Treatment market by Type , by Application (Hospitals and Clinics) and Region with country level break-up.
On the basis of geography, the market of Brain Aneurysm Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2020, Rapid AI acquires Endo Vantage to expand the scope and include Aneurysm, extending its leadership in Cerebrovascular Imaging. Rapid AI range of applications continues to grow, from ischemic stroke to hemorrhagic stroke and now aneurysm. The acquisition will help the firm will be able to focus on aneurysms. Endo Vantage is a strong award-winning computational platform that enables complete cerebral aneurysm care, automating the whole process from initial evaluation through growth tracking to treatment planning. It uses CTA and MRA images to provide findings that assist clinicians in locating and tracking aneurysm growth, as well as data from 3D rotational angiograms to provide comprehensive 3D models of a patient's vasculature and allow presurgical planning for aneurysm treatment.
In August 2020, Stryker launches its Surpass Evolve Diverter and U.S FDA approval on it. The company says that it's the first 64-wire cobalt-chromium flow diverter in the United States, and it's meant to help aneurysms repair. The service expands on Stryker's Surpass Streamline and is the first physician to finish a commercial case in the United States. The new 64-wire device provides good flow diversion and a very flexible implant for improved vessel wall contact by increasing the braid angle. Surpass Evolve has a greater mesh density than standard 48-wire flow diverters, which may result in quicker aneurysm closure for patients.
“As per USFDA cerebral aneurysm is a weak or thin area on a blood artery in the brain that fills with blood and expands out. Nerves, meninges, and/or surrounding brain tissue may be compressed by a bulging aneurysm. It may also burst or leak, causing blood to flow into the surrounding tissue. Some aneurysms in the brain, especially those that are tiny, may never bleed or produce clinical consequences. The majority of aneurysm treatments are done on non-ruptured aneurysms. Unruptured aneurysms are treated to reduce the chance of rupture, which can lead to a subarachnoid hemorrhage (SAH). Because subarachnoid hemorrhage can cause death and significant morbidity, it is treated prophylactically. Ruptured aneurysms are also routinely treated since untreated ruptured aneurysms have a significant risk of recurrent SAH.”
Influencing Trend:
Introducing new Technologies and Medical Devices for the Treatment and Adoption of Surgical Robot for the Treatment of Brain Aneurysm
Market Growth Drivers:
Rising Prevalence of Brain Aneurysm and Associated Risk Factor and Rise in Number of Research and Development Activities for the Treatment
Challenges:
Risk of Potentially Serious Complication such as Brain Damage and Stroke can hinder the Brain Aneurysm Treatment Market
Restraints:
High Cost of Surgical Procedure can hamper the Market
Opportunities:
Increasing the Financial Aid to Boot the Innovation will grow the Brain Aneurysm Treatment Market
Key Target Audience
Brain Aneurysm Treatment Hospitals & Clinics, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others