Global Intracranial Aneurysm Market

Report ID : 1283 | Published : 2022-07-04 | Pages: | Format: PDF/EXCEL

The Global Intracranial Aneurysm Market is estimated to reach over USD 2.26 billion by 2030, exhibiting a CAGR of 8.8 % during the forecast period. 

An aneurysm is a bulging or balloon-like growth in humans that usually forms where big arteries branch into smaller ones, most commonly at the base of the brain. The Global Intracranial Aneurysm Market is developing due to the rising prevalence of strokes and hemorrhages, as well as the increasing occurrences of hypertension and arterial wall abnormalities among individuals. Because of the lower risk and consequences, minimally invasive operations are becoming more popular among patients. More delicate and smaller incisions reduce post-operative pain and promote speedier recovery, resulting in widespread acceptance and a surge in R&D spending among market players. Furthermore, rising government financing for healthcare, the use of new technology in medical devices, and extending research and development activities are projected to witness profitable chances for the mark. Several key firms continually invest in R&D to bring new minimally invasive endovascular coiling tools to market. Endovascular coiling, which is used to treat cerebral aneurysms, is one of the less invasive procedures that doctors frequently recommend. Also, because the ageing population is more sensitive to high blood pressure, the market is expected to rise. However, the market for intracranial stents is being hampered by tight regulatory regulations and the high cost of these stents.

Market Segmentation:

The Intracranial Aneurysm market is segmented based on type and end-users. Based on end-users, the market is segmented as hospitals, clinics, and others. By type, the market is categorized into Surgical Clipping, Endovascular Coiling, and Flow Diverters.

Based on end-users, the hospital segment is accounted as a major contributor in the Intracranial Aneurysm market.

The hospital category is expected to hold a major share in the global Intracranial Aneurysm market in 2021. In the intracranial stents market, hospitals and ambulatory surgery centers (ASCs) are the primary end-users. This can be linked to the usage of technologically sophisticated equipment in operating rooms and intensive care units, the growing number of hospitals around the world, and rising government support for hospitals during the historical period. In hospitals, technologically advanced devices are often employed to give better care. These devices not only provide better, faster, and more accurate results but also help simplify treatment procedures.

Endovascular Coiling segment witnessed growth at a rapid rate.

The Endovascular Coiling segment is projected to grow at a rapid rate in the global Intracranial Aneurysm market. This minimally invasive procedure involves utilizing a catheter to cure a brain aneurysm by blocking blood from entering arteries. The advantages of this operation include simple access to the vertebrobasilar system and many aneurysms in remote places, as well as a shorter recovery time than other surgeries, resulting in the segment growing faster. Furthermore, the rising number of strokes around the world would have a higher possibility of rupturing blood vessels and resulting in an intracranial aneurysm, boosting market revenue growth.

The North America Intracranial Aneurysm market holds a significant revenue share in the region.

The North America Intracranial Aneurysm market is expected to register the highest market share in terms of revenue soon due to its presence of well-established healthcare facilities, a high incidence of hypertension and stroke, and an increase in the frequency of cerebral aneurysm in the region, North America dominates the cerebral aneurysm treatment market. Because of improvements in diagnosis quality, increased incidence of hypertension, increased patient affordability, and the region's vast population, Asia-Pacific is predicted to expand the most throughout the forecast period of 2021 to 2030.

Competitive Landscape

Major key players in the Intracranial Aneurysm market are Medtronic, Micropart Scientific Corporation, B. Braun, Stryker, Johnson, and Johnson Services Inc., Micronation Inc. (Terumo Corporation) and Codman Neuro (Integra Lifescience)

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Intracranial Aneurysm Market Snapshot

Chapter 4. Global Intracranial Aneurysm Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Penetration & Growth Prospect Mapping

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. COVID 19 Impact Analysis

Chapter 5. Market Segmentation 1: By Types Estimates & Trend Analysis

5.1. By Types & Market Share, 2020 & 2028

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Types:

5.2.1. Surgical Clipping

5.2.2. Endovascular Coiling

5.2.3. Flow Diverters

5.2.4. Other Types

Chapter 6. Market Segmentation 2: By End-Users & Trend Analysis

6.1. By End-Users & Market Share, 2020 & 2028

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2028 for the following By End-Users:

6.2.1. Hospitals

6.2.2. Clinics

6.2.3. Other End-Users

Chapter 7. Intracranial Aneurysm Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Types, 2020-2028

7.1.2. North America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2028

7.1.3. North America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2020-2028

7.1.3.1. U.S.

7.1.3.2. Canada

7.2. Europe

7.2.1. Europe Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) By Types, 2020-2028

7.2.2. Europe Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2028

7.2.3. Europe Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2028

7.2.3.1. Germany

7.2.3.2. Poland

7.2.3.3. France

7.2.3.4. Italy

7.2.3.5. Spain

7.2.3.6. UK

7.2.3.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) By Types, 2020-2028

7.3.2. Asia Pacific Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2028

7.3.3. Asia Pacific Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2028

7.3.3.1. China

7.3.3.2. India

7.3.3.3. Japan

7.3.3.4. Australia

7.3.3.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) By Types, 2020-2028

7.4.2. Latin America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2028

7.4.3. Latin America Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2028

7.4.3.1. Brazil

7.4.3.2. Rest of Latin America

7.5. MEA

7.5.1. MEA Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Types, 2020-2028

7.5.2. MEA Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2028

7.5.3. MEA revenue Intracranial Aneurysm Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2028

7.5.3.1. South Africa

7.5.3.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Medtronic

8.2.2. Microport Scientific Corporation

8.2.3. B. Braun

8.2.4. Stryker

8.2.5. Johnson and Johnson Services Inc.

8.2.6. MicroVention Inc. (Terumo Corporation)

8.2.7. Codman Neuro (Integra Lifesciences)

8.2.8. Other Prominent Players

Segmentation of Intracranial Aneurysm Market-

By Types

  • Surgical Clipping
  • Endovascular Coiling
  • Flow Diverters
  • Other Types

 By End-Users

  • Hospitals
  • Clinics
  • Other End-Users"

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Who are the Key Players in the Intracranial Aneurysm Market?

Market is estimated to reach over USD 2.26 billion by 2030

Exhibiting a CAGR of 8.8 % during the forecast period

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