North America Cerebral Aneurysm Clips Market Forecast to 2028 – COVID

North America Cerebral Aneurysm Clips Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material Type (Pure Titanium and Titanium-Based Alloys, Cobalt–Chromium-Based Alloys, Phynox, and Others), Indication (Saccular Aneurysm, Fusiform Aneurysm, and Mycotic Aneurysm), Condition (Unruptured Aneurysm and Ruptured Aneurysm), and End User (Hospitals, Neurology Centers, Ambulatory Surgical Centers, and Others)

Report Code : BMIRE00027554 | Region : North America | Industry : Medical Device | Published Date : 24/Nov/2022

The cerebral aneurysm clips market in North America is expected to grow from US$ 18.4 million in 2022 to US$ 26.7 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2022 to 2028.

Increasing Prevalence of Brain Aneurysm and Associated Risk Factors

A brain aneurysm or cerebral aneurysm is the development of a bulge in the brain's blood vessels. The bulge puts pressure on the nerves or brain tissues, which may rupture or burst causing brain bleeding that could be fatal. Factors such as genetic conditions, arteriovenous malformations, untreated high blood pressure, and smoking cause brain aneurysms.

The growth of the cerebral aneurysm clips market is prominently attributed to the increasing prevalence of brain aneurysm cases. The increasing number of diagnostic procedures associated with the brain is also contributing to market growth. According to data published by the Brain Aneurysm Foundation in 2020, ~6.5 million people in the US, i.e., 1 in 50 persons, suffer from an unruptured brain aneurysm every year. Moreover, ~30,000 suffer a cerebral aneurysm rupture yearly, indicating that a cerebral aneurysm ruptures every 18 minutes. According to the Brain Aneurysm Foundation data, ~40.0% of ruptures are fatal and need intensive care and attention. According to studies conducted by the National Institutes of Health (NIH), ~3–5% of Americans might have an aneurysm in their lifetime.

Clipping is performed during an open brain surgery to cut the blood flow to the aneurysm. This is done by locating the blood vessels that feed the aneurysm and placing a tiny, metal, clothespin-like clip on its neck to stop its blood supply. The effectiveness of clipping depends on the location, size, and shape of the aneurysm. As per the information provided by the National Library of Medicine in 2022, rupturing a cerebral aneurysm may accelerate mortality as ~25% die within the first 24 hours, and 50% die in the subsequent three months.

Market Overview

The North America cerebral aneurysm clips market is segmented into the US, Canada, and Mexico. The market's growth in the region is mainly due to the increasing incidences of brain aneurysms across the country. The US is currently leading the market due to rising awareness among the population, surge in research and development activities, and favorable government policies. Moreover, the market growth in Canada is expected to grow due to increasing support from the government to address the rising concerns about brain disorders. The market across Mexico is also estimated to grow due to the increasing medical industrialization and export of medical devices to the US and other countries.

North America Cerebral Aneurysm Clips Market Revenue and Forecast to 2028 (US$ Thousand)

North America Cerebral Aneurysm Clips Market Segmentation

The North America cerebral aneurysm clips market is segmented into material type, indication, condition, and end user. Based on material type, the North America cerebral aneurysm clips market is segmented into pure titanium and titanium-based alloys, cobalt–chromium-based alloys, phynox, and others. The pure titanium and titanium-based alloys segment is anticipated to hold the largest market share in 2022.

Based on indication, the North America cerebral aneurysm clips market is segmented into saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. The saccular aneurysm segment is anticipated to hold the largest market share in 2022. Based on condition, the North America cerebral aneurysm clips market is segmented into unruptured aneurysm and ruptured aneurysm. The unruptured aneurysm segment is anticipated to hold a larger market share in 2022. Based on end user, the North America cerebral aneurysm clips market is segmented into hospitals, neurology centers, ambulatory surgical centers, and others. The hospitals segment is anticipated to hold the largest market share in 2022. Based on country, the market is segmented into the US, Canada, and Mexico. The US is anticipated to hold the largest market share in 2022. adeor medical AG; B. Braun Melsungen AG; Integra LifeSciences; KLS Martin Group; Mizuho Medical Co, Ltd; Ortho-Medical GmbH; and Peter Lazic GmbH are among the leading companies operating in the cerebral aneurysm clips market in the region.

At 6.4% CAGR, the North America Cerebral Aneurysm Clips Market is speculated to be worth US$ 26.7 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America cerebral aneurysm clips market was valued at US$ 18.4 million in 2022 and is expected to reach US$ 26.7 million by 2028, registering an annual growth rate of 6.4% from 2022 to 2028. Increasing prevalence of brain aneurysm along with associated risk factors and rise in research and development activities for treating cerebral aneurysms are the critical factors attributed to the market expansion.

Several research organizations and companies are implementing constructive strategies to boost the research and development programs for treating cerebral aneurysms. Moreover, physicians use intraoperative angiography (advanced imaging) to compare the blood vessels before and after surgery while clipping. These pictures help ensure a positive outcome. Neurosurgeons can also make a smaller opening in the skull, which means less scarring. Several companies in this space also focus on collaborative efforts to introduce new technologies and novel products for treating cerebral aneurysms.

On the contrary, high cost of surgical procedures hurdles the growth of North America cerebral aneurysm clips market.

Based on material type, the North America cerebral aneurysm clips market is segmented into pure titanium and titanium-based alloys, cobalt–chromium-based alloys, phynox, and others. The pure titanium and titanium-based alloys segment is anticipated to hold the largest market share in 2022 with a share of 41.2%, amassing US$ 7.6 million. It is projected to garner US$ 11.1 million by 2028 to expand at 6.5% CAGR during 2022–2028. Based on indication, the North America cerebral aneurysm clips market is segmented into saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. The saccular aneurysm segment is anticipated to hold the largest market share in 2022 with a share of 89.5%, amassing US$ 16.5 million. It is projected to garner US$ 23.7 million by 2028 to expand at 6.3% CAGR during 2022–2028. Based on condition, the North America cerebral aneurysm clips market is segmented into unruptured aneurysm and ruptured aneurysm. The unruptured aneurysm segment is anticipated to hold a larger market share in 2022 with a share of 96.3%, amassing US$ 17.7 million. It is projected to garner US$ 25.4 million by 2028 to expand at 6.2% CAGR during 2022–2028. Based on end user, the North America cerebral aneurysm clips market is segmented into hospitals, neurology centers, ambulatory surgical centers, and others. The hospitals segment is anticipated to hold the largest market share in 2022 with a share of 63.5%, amassing US$ 11.7 million. It is projected to garner US$ 16.7 million by 2028 to expand at 6.1% CAGR during 2022–2028. Our regional analysis states that the US captured 79.0% market share in 2022. It was assessed at US$ 14.5 million in 2022 and is likely to hit US$ 21.2 million by 2028, exhibiting a CAGR of 6.5% during the forecast period.

Key players dominating the North America cerebral aneurysm clips market are adeor medical AG; B. Braun Melsungen AG; Integra LifeSciences; KLS Martin Group; Mizuho Medical Co, Ltd; Ortho-Medical GmbH; and Peter Lazic GmbH.

Below is mentioned a key market development by a major player:

In August 2021, Biomedica Italia extended its partnership with Peter Lazic GmbH for the distribution and manufacturing of L-Aneurysm Clip and microsurgery instruments for neurosurgery. The contract was signed for the next 5 years.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Cerebral Aneurysm Clips Market – By Material Type

1.3.2 North America Cerebral Aneurysm Clips Market – By Indication

1.3.3 North America Cerebral Aneurysm Clips Market – By Condition

1.3.4 North America Cerebral Aneurysm Clips Market – By End-User

1.3.5 North America Cerebral Aneurysm Clips Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Cerebral Aneurysm Clips Market – Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Experts Opinion

5. North America Cerebral Aneurysm Clips Market– Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Prevalence of Brain Aneurysm and Associated Risk Factors

5.1.2 Rise in Research and Development Activities for Treating Cerebral Aneurysms

5.2 Market Restraints

5.2.1 High Cost of Surgical Procedures

5.3 Market Opportunities

5.3.1 The surge in Geriatric Population

5.4 Future Trends

5.4.1 Growing Financial Aid for Innovation and Adoption of Surgical Robots

5.5 Impact Analysis

6. Cerebral Aneurysm Clips Market– North America Analysis

6.1 North America Cerebral Aneurysm Clips Market Revenue Forecasts and Analysis

7. North America Cerebral Aneurysm Clips Market Analysis – By Material Type

7.1 Overview

7.2 North America Cerebral Aneurysm Clips Market Revenue Share, by Material Type (2021 and 2028)

7.3 Pure Titanium and Titanium-Based Alloys

7.3.1 Overview

7.3.2 Pure Titanium and Titanium-Based Alloys: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Cobalt-Chromium-Based Alloys

7.4.1 Overview

7.4.2 Cobalt-Chromium-Based Alloys: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5 Phynox

7.5.1 Overview

7.5.2 Phynox: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6 Others

7.6.1 Overview

7.6.2 Others: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

8. North America Cerebral Aneurysm Clips Market Analysis – By Indication

8.1 Overview

8.2 North America Cerebral Aneurysm Clips Market Revenue Share, by Indication (2021 and 2028)

8.3 Saccular Aneurysm

8.3.1 Overview

8.3.2 Saccular Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Fusiform Aneurysm

8.4.1 Overview

8.4.2 Fusiform Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Mycotic Aneurysm

8.5.1 Overview

8.5.2 Mycotic Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

9. North America Cerebral Aneurysm Clips Market Analysis – By Condition

9.1 Overview

9.2 North America Cerebral Aneurysm Clips Market Revenue Share, by Condition (2021 and 2028)

9.3 Unruptured Aneurysm

9.3.1 Overview

9.3.2 Unruptured Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

9.4 Ruptured Aneurysm

9.4.1 Overview

9.4.2 Ruptured Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

10. North America Cerebral Aneurysm Clips Market –By End User

10.1 Overview

10.2 North America Cerebral Aneurysm Clips Market, by End User, 2021 and 2028 (%)

10.3 Hospitals

10.3.1 Overview

10.3.2 Hospitals: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

10.4 Neurology Centers

10.4.1 Overview

10.4.2 Neurology Centers: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

10.5 Ambulatory Surgical Centers

10.5.1 Overview

10.5.2 Ambulatory Surgical Centers: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

10.6 Others

10.6.1 Overview

10.6.2 Others: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11. North America Cerebral Aneurysm Clips Market Revenue and Forecasts to 2028 – Country Analysis

11.1 Overview

11.1.1 North America: Cerebral Aneurysm Clips Market, by Country, 2021 & 2028 (%)

11.1.1.1 US: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.1.1 Overview

11.1.1.1.2 US: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.1.3 US: Cerebral Aneurysm Clips Market, by Material Type, 2019–2028 (US$ Thousand)

11.1.1.1.4 US: Cerebral Aneurysm Clips Market, by Indication, 2019–2028 (US$ Thousand)

11.1.1.1.5 US: Cerebral Aneurysm Clips Market, by Condition, 2019–2028 (US$ Thousand)

11.1.1.1.6 US: Cerebral Aneurysm Clips Market, by End User, 2019–2028 (US$ Thousand)

11.1.1.2 Canada: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.2.1 Overview

11.1.1.2.2 Canada: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.2.3 Canada: Cerebral Aneurysm Clips Market, by Material Type, 2019–2028 (US$ Thousand)

11.1.1.2.4 Canada: Cerebral Aneurysm Clips Market, by Indication, 2019–2028 (US$ Thousand)

11.1.1.2.5 Canada: Cerebral Aneurysm Clips Market, by Condition, 2019–2028 (US$ Thousand)

11.1.1.2.6 Canada: Cerebral Aneurysm Clips Market, by End-Users, 2019–2028 (US$ Thousand)

11.1.1.3 Mexico: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.3.1 Overview

11.1.1.3.2 Mexico: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

11.1.1.3.3 Mexico: Cerebral Aneurysm Clips Market, by Material Type, 2019–2028 (US$ Thousand)

11.1.1.3.4 Mexico: Cerebral Aneurysm Clips Market, by Indication 2019–2028 (US$ Thousand)

11.1.1.3.5 Mexico: Cerebral Aneurysm Clips Market, by Condition 2019–2028 (US$ Thousand)

11.1.1.3.6 Mexico: Cerebral Aneurysm Clips Market, by End User 2019–2028 (US$ Thousand)

12. Cerebral Aneurysm Clips Market–Industry Landscape

12.1 Overview

12.2 Growth Strategies in the Cerebral Aneurysm Clips Market (%)

12.3 Inorganic Developments

12.3.1 Overview

12.4 Organic Developments

12.4.1 Overview

13. Company Profiles

13.1 B. Braun Melsungen AG

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 adeor medical AG

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Integra LifeSciences

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Mizuho Medical Co,Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 KLS Martin Group

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Ortho-Medical GmbH

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Peter Lazic GmbH

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES.

Table 1. US Cerebral Aneurysm Clips Market, by Material Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 2. US Cerebral Aneurysm Clips Market, by Indication – Revenue and Forecast to 2028 (US$ Thousand)

Table 3. US Cerebral Aneurysm Clips Market, by Condition – Revenue and Forecast to 2028 (US$ Thousand)

Table 4. US Cerebral Aneurysm Clips Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)

Table 5. Canada Cerebral Aneurysm Clips Market, by Material Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 6. Canada Cerebral Aneurysm Clips Market, by Indication – Revenue and Forecast to 2028 (US$ Thousand)

Table 7. Canada Cerebral Aneurysm Clips Market, by Condition – Revenue and Forecast to 2028 (US$ Thousand)

Table 8. Canada Cerebral Aneurysm Clips Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)

Table 9. Mexico Cerebral Aneurysm Clips Market, by Material Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 10. Mexico Cerebral Aneurysm Clips Market, by Indication – Revenue and Forecast to 2028 (US$ Thousand)

Table 11. Mexico Cerebral Aneurysm Clips Market, by Condition – Revenue and Forecast to 2028 (US$ Thousand)

Table 12. Mexico Cerebral Aneurysm Clips Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)

Table 13. Inorganic Developments in the Cerebral Aneurysm Clips Market

Table 14. Glossary of Terms, North America Cerebral Aneurysm Clips Market

LIST OF FIGURES.

Figure 1. North America Cerebral Aneurysm Clips Market Segmentation

Figure 2. North America Cerebral Aneurysm Clips Market, By Country

Figure 3. North America Cerebral Aneurysm Clips Market Overview

Figure 4. Unruptured Aneurysm Held Largest Share of Surgery Type Segment in North America Cerebral Aneurysm Clips Market

Figure 5. US is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. North America: PEST Analysis

Figure 7. Experts Opinion

Figure 8. North America Cerebral Aneurysm Clips Market Impact Analysis of Driver and Restraints

Figure 9. North America Cerebral Aneurysm Clips Market – Revenue Forecasts and Analysis – 2019- 2028

Figure 10. North America Cerebral Aneurysm Clips Market Revenue Share, by Material Type (2021 and 2028)

Figure 11. North America Pure Titanium And Titanium-Based Alloys: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 12. North America Cobalt-Chromium-Based Alloys: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 13. North America Phynox: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 14. North America Others: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15. North America Cerebral Aneurysm Clips Market Revenue Share, by Indication (2021 and 2028)

Figure 16. North America Saccular Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 17. North America Fusiform Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18. North America Mycotic Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19. North America Cerebral Aneurysm Clips Market Revenue Share, by Condition (2021 and 2028)

Figure 20. North America Unruptured Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 21. North America Ruptured Aneurysm: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 22. North America Cerebral Aneurysm Clips Market, by End User, 2021 and 2028 (%)

Figure 23. North America Hospitals: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 24. North America Neurology Centers: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 25. North America Ambulatory Surgical Centers: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 26. North America Others: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 27. North America: Cerebral Aneurysm Clips Market, by Key Country – Revenue (2021) (US$ Thousand)

Figure 28. North America: Cerebral Aneurysm Clips Market, by Country, 2021 & 2028 (%)

Figure 29. US: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 30. Canada: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 31. Mexico: Cerebral Aneurysm Clips Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 32. Growth Strategies in the Cerebral Aneurysm Clips Market (%)

The List of Companies - North America Cerebral Aneurysm Clips Market

● adeor medical AG

● B. Braun Melsungen AG

● Integra LifeSciences

● KLS Martin Group

● Mizuho Medical Co, Ltd.

● Ortho-Medical GmbH

● Peter Lazic GmbH

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America cerebral aneurysm clips market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America cerebral aneurysm clips market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the cerebral aneurysm clips market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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