Key Trends and Insights into the Intracranial Aneurysm Market: Growth Rate and Opportunities to 2034
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How has the intracranial aneurysm market grown in recent years?
The market for intracranial aneurysms has expanded swiftly over the recent years. The market is projected to rise from $1.64 billion in 2024 to $1.83 billion in 2025, showing a compound annual growth rate (CAGR) of 11.43%. The previous growth can be correlated to the disease outbreaks in developing economies, finite therapy alternatives, global funding for tropical ailments, emphasis on preliminary diagnosis, and governmental immunization drives.
How is the intracranial aneurysm market size expected to evolve during the forecast period?
Expectations are high for rapid expansion in the intracranial aneurysm market in the coming years. It’s projected to reach a market value of $2.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.06%. This growth during the forecast period may be credited to the impacts of climate change and variations in weather, as well as global health initiatives by organizations like the WHO and UNICEF. Other growth factors include the emergence of new therapeutics, the approval of new treatments by regulatory bodies, and the expansion of health insurance. The forecast period will likely witness major trends such as advancements in vector control, the fusion of artificial intelligence, the introduction of new antiviral agents, the application of big data in formulating treatment strategies, and a shift towards an integrated disease management approach.
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Which key drivers are propelling the intracranial aneurysm market’s growth?
The intracranial aneurysm market is projected to expand with the growing demand for minimally invasive procedures. These procedures involve small incisions or openings for medical interventions, leading to less patient trauma and a quicker recovery time. The appeal of minimally invasive procedures lies in their lesser risks of complications, reduced pain, smaller scars, and shorter recovery times, making them the preferable choice for patients seeking safer, faster treatment alternatives. The management of intracranial aneurysm has advanced minimally invasive procedures, allowing for more precise and targeted interventions that decrease patient recovery time and improve overall surgical results. For instance, The Aesthetic Society, a US-based plastic surgery and cosmetic medicine organization, reported that Americans had spent over $11.8 billion on aesthetic procedures in August 2023, indicating a 2% rise compared to the previous year. In addition, according to the American Society of Plastic Surgeons, another US-based specialty organization, the total number of cosmetic minimally invasive procedures rose from 23.7 million in 2022 to 25.4 million in 2023. Consequently, the increasing demand for minimally invasive procedures is anticipated to stimulate the intracranial aneurysm market’s growth.
What are the market segments in the intracranial aneurysm industry?
The intracranial aneurysm market covered in this report is segmented –
1) By Type: Endovascular Coiling, Surgical Clipping, Flow Diverters, Other Types
2) By Product Type: Aneurysm Therapeutic Devices, Embolization Devices, Aspiration Devices, Access Devices
3) By End User: Hospitals, Specialty Clinics, Other End Users
Subsegments:
1) By Endovascular Coiling: Soft Coils, Detachable Coils, Balloon-Assisted Coiling
2) By Surgical Clipping: Standard Surgical Clipping, Intraoperative Flow Diversion With Clipping
3) By Flow Diverters: Stent-Assisted Flow Diverters, Flow Diverter Devices For Complex Aneurysms
4) By Other Types: Intracranial Aneurysm Clipping With Bypass Surgery, Liquid Embolic Agents
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Which leading companies are shaping the growth of the intracranial aneurysm market?
Major companies operating in the intracranial aneurysm market are Johnson & Johnson, Medtronic plc, Stryker Corporation, Terumo Corporation, Integra LifeSciences Holdings Corporation, MicroPort Scientific Corporation, Penumbra Inc., MicroVention Inc., B. Braun SE, Phenox GmbH, Rapid Medical Ltd., Balt Group, Sim&Cure, Acandis GmbH & Co. KG, Codman Neuro, Microbot Medical Inc., EndoStream Medical Ltd., NeuroSigma Inc., Shape Memory Medical Inc., Evasc Neurovascular Enterprises ULC
What emerging trends are influencing the growth of the intracranial aneurysm market?
Major companies operating in the intracranial aneurysm market are developing innovative technologies such as new flow diverters to enhance the treatment of complex aneurysms, improve patient outcomes, and reduce the risk of complications. A flow diverter refers to a medical device used in the treatment of intracranial aneurysms, particularly those that are wide-necked or difficult to treat with traditional methods such as coiling. For instance, in June 2022, Medtronic plc, an Ireland-based medical device company, launched the Pipeline Vantage with Shield Technology, which is designed for the treatment of intracranial aneurysms. It serves as a flow diverter that helps in managing these aneurysms effectively. It offers unique features such as improved hemocompatibility due to its synthetic phosphorylcholine surface, which significantly reduces thrombogenicity; an enhanced design with either 48 or 64 cobalt chromium wires that optimize deliverability and endothelial growth; an advanced delivery system that allows for easier deployment and repositioning; a higher pore density compared to its predecessor, which may improve aneurysm occlusion rates; and a warranty program for patients treated with the device, reflecting confidence in its long-term efficacy and safety.
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Which geographic areas are influencing the growth of the intracranial aneurysm market?
North America was the largest region in the intracranial aneurysm market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intracranial aneurysm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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