Aneurysm Clips Market Growth 2026– By Leading Companies: B. Braun, Boston Scientific, Codman & Shurtleff, Integra LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho America, St. Jude Medical, Stryker Corporation

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.

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.

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Europe aneurysm clips market is anticipated to grow at significant rate, owing to presence of industry players focusing on development of innovative products in the field of aneurysm. For instance, in 2016, Neos Surgery developed plastic clips, which allows post-surgical checkups via Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans, which is not possible with a metal clip. The technology was developed through the European Union’s Eureka Eurostars program, which funded R&D with US$ 1.23 million.

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).

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According to the Center for Diseases Control and Prevention (CDC), in 2013, around 75 million American adults were suffering from high blood pressure and it was a primary cause of death for more than 410,000 Americans in 2014. High blood pressure enlarges or weaken the blood vessels causing aneurysms in many cases.

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 is able to 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), in partnership with Advanced Engineering & Technologies GmbH and Institut für Verbundwerkstoffe GmbH, developed a plastic clip, over metal clips to treat aneurysms. The plastic clip allows post-surgical checkups through Computed Tomography (CT) and Magnetic Resonance Imaging (MRI) scans, which is not possible with metal clips.

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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.

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