Aneurysm Clips Market to Find Better Growth with US$ 1,600 Million By 2026 | CAGR: 6.2%: Coherent Market Insights
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The Global Aneurysm Clips Market, by Aneurysm Type (Abdominal, Cerebral, Thoracic, and Peripheral), By Raw Material (Titanium, Cobalt, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 972.9 million in 2017 and is projected to exhibit a CAGR of 6.2% over the forecast period (2018 – 2026).
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The surgical management of aneurysms with the application of aneurysm clips is a well-established procedure. Aneurysm clips have evolved massively over the years gone through many changes, both in the materials and in the intricate design of their mechanisms. Currently, there are four major clip designs available in the market including the Sundt Slim-Line, McFadden Vari-Angle, and Sugita and Yasargil type clips.
Clipping surgery can be performed on major types of aneurysms such as ruptured and unruptured aneurysms. It can also be performed on aneurysms, which is considered difficult to treat, such as those with a wide neck at the base. In September 2018, the OpenMind project, which involves nine European partners across six different countries, developed the first production process using Fibre-Reinforced Plastics (FBR), which can produce customized minimally invasive medical devices used during MRI guided surgeries. Some of the devices produced using the new production facility include aneurysm clips, catheters, and puncture needles. In 2016, Neos Surgery (Barcelona, Spain) partnered with Advanced Engineering & Technologies GmbH and Institut für Verbundwerkstoffe GmbH, to develop a plastic clip, over metal clips to treat aneurysms. The plastic clip enables post-surgical checkups through Computed Tomography (CT) and Magnetic Resonance Imaging (MRI) scans, which is not possible with metal clips.
Browse 21 Market Data Tables and 26 Figures spread through 154 Pages and in-depth TOC on “Aneurysm Clips Market, by Aneurysm Type (Abdominal, Cerebral, Thoracic, and Peripheral), by Raw Material (Titanium, Cobalt, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
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Key Takeaways of the Aneurysm Clips Market:
- The global aneurysm clips market is expected to expand at a CAGR of 6.2% during the forecast period (2018–2026), owing to increasing incidences of aneurysms. According to the Brain Aneurysm Foundation 2018 data, around 500,000 deaths occur worldwide annually due to brain aneurysms.
- Among raw material, the titanium segment is expected to generate significant revenue in 2018, as titanium clips have minimal interference with both computed tomography and magnetic resonance imaging in comparison to other raw materials.
- Major players operating in the global aneurysm clips market include B. Braun, Boston Scientific, Codman & Shurtleff, Integra LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho America, St. Jude Medical, Stryker Corporation, and RauMedic.
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