An aneurysm is the enlargement of an artery. It occurs when the walls of a blood vessel become weak, balloon out, and are more likely to rupture or leak potentially causing a stroke. The most significant aneurysms affect the arteries of the heart and the brain. Smoking and high blood pressure are the major risk factors for the development of an aneurysm. Aneurysm clipping is a crucial surgical procedure in the management of aneurysms. It is performed to block off an intact aneurysm from the blood vessels to prevent any further leaking of blood from the site.

Market Dynamics

Increasing worldwide incidences of aneurysms is the major factor driving the aneurysm clips market growth. According to the Brain Aneurysm Foundation 2018 data, around 500,000 deaths occur worldwide annually due to brain aneurysms. According to the Centers for Disease Control and Prevention (CDC), aortic aneurysms contribute to more than 25,000 deaths in the U.S. annually.

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Aneurysms can cause due to various factors. According to the National Institute of Neurological Disorders and Stroke, factors such as alcohol and tobacco consumption and drug abuse are expected to increase the risks of aneurysms development. According to the Tobacco Atlas, the number of tobacco smokers is set to increase by 24 million in Indonesia and by 7 million in Nigeria from 2015 to 2025. This rise in tobacco consumption is expected to grow aneurysm cases eventually driving the aneurysm clips market growth. However, being an invasive surgery, clipping procedure can increase the duration of recovery period and patient hospital stay eventually increasing the overall treatment cost.

Increasing incidences of aneurysm is expected to drive the aneurysm clips market growth

Although brain aneurysms affect individuals of all age, it is most prevalent in people age between 35 and 60. According to the Brain Aneurysm Foundation 2018 data, brain aneurysms cause nearly 500,000 deaths worldwide annually with half the victims younger than 50 years. Various factors contributing to the formation of brain aneurysms include smoking, drug use such as cocaine, hypertension or high blood pressure, congenital resulting from inborn abnormality in artery wall, tumors, traumatic head injury, family history of brain aneurysms and other disorders such as Polycystic Kidney Disease, Ehlers-Danlos Syndrome, Marfan Syndrome, and Fibromuscular Dysplasia (FMD).

Aneurysm Clips Market - Regional Insights

On the basis of region, the global aneurysm clips market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America aneurysm clips market is expected to foresee major revenue share, owing to increasing incidences of aneurysm in the U.S. According to the Brain Aneurysm Foundation 2018 data, around six million people in the U.S. have unruptured aneurysms.

Aneurysm Clips Market - Key Players

Key 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.

Detailed Segmentation:

Global Aneurysm Clips Market, By Aneurysm Type:

Abdominal Aneurysm

Cerebral Aneurysm

Thoracic Aneurysm

Peripheral Aneurysm

Global Aneurysm Clips Market, By Raw Material:

Titanium

Cobalt

Others

Global Aneurysm Clips Market, By Region:

North America

Europe

Asia Pacific

Latin America

Middle East

Africa

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