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Global Aneurysm Clips Market Size, Share, Growth, Forecast: By Material Type: Titanium, Cobalt, Others; By Diseases: Tumour and Brain Cancer, Brain Arteriovenous Malformations, Ischemic Stroke, Brain Aneurysm, Others; By End User: Hospitals, Cardiac Centres, Speciality Clinics; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032
Global Aneurysm Clips Market Outlook
The global aneurysm clips market size was valued at USD 1,176.07 million in 2023, driven by the incidence of cerebral aneurysms and abdominal aortic aneurysms across the globe. The market is expected to grow at a CAGR of 5.80% during the forecast period of 2024-2032, with the values likely to rise from USD 1,953.46 million in 2024 to USD 1,841.3 million by 2032.
Aneurysm Clips: Introduction
Aneurysm clips are used in an aneurysm clipping surgery. Aneurysm clipping is type of microsurgery that uses a metal surgical clip to close an aneurysm (bulging of a blood vessel) in the brain. It is performed by making a small hole in the skull to enter the brain.
Aneurysm clipping procedure reduces the chance of a life-threatening haemorrhagic stroke by closing the brain aneurysm and prevent the blood from entering different areas around the brain. Aneurysm clips come in different shapes, size, length, and curves and requires a clip applier to open the blades.
Global Aneurysm Clips Market Analysis
Haemorrhagic strokes make up around 10%-20% of the strokes annually. Ruptured aneurysm is a leading cause of a haemorrhagic stroke. In addition, aneurysm can lead to cerebrovascular diseases, subarachnoid haemorrhage, vasculitis CNS and paediatric vascular conditions. For patients suffering any of the aforementioned diseases, aneurysm clipping may be executed on an emergency basis. As a result, the global aneurysm clips market value has increased in the historic period.
Most aneurysm clips were made of cobalt-based alloys represented by Phenox and Elgiloy. In MRI and CT scans, cobalt alloys would create an image artifact, resulting in a failure to delineate the anatomical structures around the clips. Thus, medical practitioners shifted towards Titanium, owing to its ability to reduce the clip artifacts during imaging arrangements. Although, titanium still holds a substantial share of the market, researchers have been working on a new approach.
Aneurysm clips made from fibre-reinforced plastics are the latest development. This material takes several parameters into account including a miniature size, mechanical forces, wide opening of the jaws, along with biocompatibility and easy visibility in MRI.
In addition, to facilitate continuous manufacturing of thermoplastic FRP miniature rods, pre-impregnated tape material has been established. Carbon-fibre reinforced PA12 sample rods have shown decent results while PEEK sample rods require some deeper research. Nonetheless, such developments indicate that the global aneurysm clips market growth is certain during the forecast period.
Global Aneurysm Clips Market Segmentation
Market Breakup by Material Type
- Titanium
- Cobalt
- Others
Market Breakup by Diseases
- Tumour and Brain Cancer
- Brain Arteriovenous Malformations
- Ischemic Stroke
- Brain Aneurysm
- Others
Market Breakup by End User
- Hospitals
- Cardiac Centres
- Specialty Clinics
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Aneurysm Clips Market Overview
With the rising prevalence of high blood pressure, high cholesterol, excessive drug, tobacco or alcohol consumption, the population is at a significantly higher risk of aneurysm rupture. Cerebral aneurysms affect approximately 3% to 5% of the general population whereas abdominal aortic aneurysms are becoming more common with each decade. The increasing incidence has resulted in substantial aneurysm clips market demand.
North America is anticipated to lead the global market in the coming years as well with the increasing prevalence of neurological and cardiovascular disorders, with the preference for minimally invasive surgical procedures are the leading factors for growth in the region. The rising emphasis on bringing innovative developments to make the treatment successful and efficient is an added feature, which is anticipated to aid the aneurysm clips market share of the region.
The Asia-pacific market is expected to witness an exponential growth, mainly because of the presence of an aging population. The budding economies like India, South Korea, China, Japan, and Singapore will play the significant role in market growth in the forecast period.
Aneurysm Clips Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Medtronic Plc
- Abbott
- KLS Martin Group
- Inomed Medizintechnik GmbH
- Integra LifeSciences
- Mizuho Bank, Ltd.
- Keewell Medical Technology Co. Ltd
- Strykar Corporations
- Raumedic AG
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
|
| Breakup by Diseases |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Aneurysm Clips Market Overview
3.1 Global Aneurysm Clips Market Historical Value (2017-2023)
3.2 Global Aneurysm Clips Market Forecast Value (2024-2032)
4 Global Aneurysm Clips Market Landscape
4.1 Aneurysm Clips: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Aneurysm Clips: Product Landscape
4.2.1 Analysis by Material Type
4.2.2 Analysis by Indications
5 Global Aneurysm Clips Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Aneurysm Clips Market Segmentation
6.1 Global Aneurysm Clips Market by Material Type
6.1.1 Market Overview
6.1.2 Titanium
6.1.3 Cobalt
6.1.4 Others
6.2 Global Aneurysm Clips Market by Diseases
6.2.1 Market Overview
6.2.2 Tumour and Brain Cancer
6.2.3 Brain Arteriovenous Malformations
6.2.4 Ischemic Stroke
6.2.5 Brain Aneurysm
6.2.6 Others
6.3 Global Aneurysm Clips Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Cardiac Centres
6.3.4 Speciality Clinics
6.4 Global Aneurysm Clips Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Aneurysm Clips Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Aneurysm Clips Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Aneurysm Clips Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Aneurysm Clips Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Aneurysm Clips Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Funding and Investment Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Supplier Landscape
15.1 B. Braun Melsungen AG
15.1.1 Financial Analysis
15.1.2 Product Portfolio
15.1.3 Demographic Reach and Achievements
15.1.4 Mergers and Acquisitions
15.1.5 Certifications
15.2 Boston Scientific Corporation
15.2.1 Financial Analysis
15.2.2 Product Portfolio
15.2.3 Demographic Reach and Achievements
15.2.4 Mergers and Acquisitions
15.2.5 Certifications
15.3 Medtronic Plc
15.3.1 Financial Analysis
15.3.2 Product Portfolio
15.3.3 Demographic Reach and Achievements
15.3.4 Mergers and Acquisitions
15.3.5 Certifications
15.4 Abbott
15.4.1 Financial Analysis
15.4.2 Product Portfolio
15.4.3 Demographic Reach and Achievements
15.4.4 Mergers and Acquisitions
15.4.5 Certifications
15.5 KLS Martin Group
15.5.1 Financial Analysis
15.5.2 Product Portfolio
15.5.3 Demographic Reach and Achievements
15.5.4 Mergers and Acquisitions
15.5.5 Certifications
15.6 Inomed Medizintechnik GmbH
15.6.1 Financial Analysis
15.6.2 Product Portfolio
15.6.3 Demographic Reach and Achievements
15.6.4 Mergers and Acquisitions
15.6.5 Certifications
15.7 Integra LifeSciences
15.7.1 Financial Analysis
15.7.2 Product Portfolio
15.7.3 Demographic Reach and Achievements
15.7.4 Mergers and Acquisitions
15.7.5 Certifications
15.7.6 Shenzhen
15.8 Mizuho Bank, Ltd.
15.8.1 Financial Analysis
15.8.2 Product Portfolio
15.8.3 Demographic Reach and Achievements
15.8.4 Mergers and Acquisitions
15.8.5 Certifications
15.9 Keewell Medical Technology Co. Ltd
15.9.1 Financial Analysis
15.9.2 Product Portfolio
15.9.3 Demographic Reach and Achievements
15.9.4 Mergers and Acquisitions
15.9.5 Certifications
15.10 Strykar Corporations
15.10.1 Financial Analysis
15.10.2 Product Portfolio
15.10.3 Demographic Reach and Achievements
15.10.4 Mergers and Acquisitions
15.10.5 Certifications
15.11 Raumedic AG
15.11.1 Financial Analysis
15.11.2 Product Portfolio
15.11.3 Demographic Reach and Achievements
15.11.4 Mergers and Acquisitions
15.11.5 Certifications
16 Key Opinion Leaders (KOL) Insights (Additional Insight)
17 Company Competitiveness Analysis (Additional Insight)
17.1 Very Small Companies
17.2 Small Companies
17.3 Mid-Sized Companies
17.4 Large Companies
17.5 Very Large Companies
18 Payment Methods (Additional Insight)
18.1 Government Funded
18.2 Private Insurance
18.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 1,176.07 million in 2023, driven by the emphasis on treating the rising cases of brain and abdominal aortic aneurysms across the globe.
The market is anticipated to grow at a CAGR of 5.80% during the forecast period of 2024-2032, likely to reach a market value of USD 1,841.3 million by 2032.
Owing to the prevalence of high blood pressure, cholesterol, excessive drug, tobacco, or alcohol consumption along with a sedentary lifestyle, the incidence rate of aneurysms has increased. This had also led to a consumption of more aneurysm clips with an increase in the surgeries.
Fibre-reinforced plastics are now being used to make aneurysm clips in the market. This material is biocompatible and has low clip artifacts in MRI, leading to easy visibility. The North American territory is expected to lead the market share with the prevalence of neurological and cardiovascular disorders.
Diseases include tumour and brain cancer, brain arteriovenous malformations, ischemic stroke, and brain aneurysm, among others.
It is commonly made of titanium and cobalt, among others.
End users include hospitals, cardiac centres, and speciality clinics.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic Plc, Abbott, KLS Martin Group, Inomed Medizintechnik GmbH, Integra LifeSciences, Mizuho Bank, Ltd., Keewell Medical Technology Co. Ltd, Strykar Corporations, and Raumedic AG.
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