Aneurysm Clips Market Analysis: Growth Trends and Forecast (2024-2031) | B. Braun, Boston Scientific, Codman & Shurtleff

Market Overview:

Aneurysm clips are medical devices used to treat cerebral aneurysms by surgically closing off the base of an aneurysm. They are made of implantable metal alloys and used to prevent aneurysm ruptures or re-bleeding.

Market Dynamics:

The aneurysm clip market is expected to boost owing to the rising incidence of cerebral aneurysms globally. According to a report by Brain Aneurysm Foundation, an estimated 6.5 million people in the United States have an unruptured brain aneurysm, with cerebral aneurysms affecting nearly 3% of the general population. Also, increasing demand for minimally invasive procedures and technological advancements in aneurysm clips are further fueling the market growth over the forecast period. Advancements such as bioabsorbable clips and self-tightening clips have widened treatment options and improved clinical outcomes for neurosurgeons. Moreover, growing healthcare expenditure in developing countries is also projected to positively influence the market by 2030.

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Top Companies Covered In This Report: B. Braun, Boston Scientific, Codman & Shurtleff, Integra LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho America, St. Jude Medical, Stryker Corporation, and RauMedic.

Market Segmentation:

By Aneurysm Type (Abdominal, Cerebral, Thoracic, and Peripheral)

By Raw Material (Titanium, Cobalt, and Others)

Geographically, the detailed analysis of consumption, revenue, Aneurysm Clips Market share, growth rate, etc. of the following regions:

» North America (United States, Canada, and Mexico)
» Europe (Germany, France, UK, Russia, Italy)
» Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
» Latin America (Brazil, Argentina, Colombia)
» Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Growing Prevalence of Cerebrovascular Disorders

The increasing prevalence of cerebrovascular disorders such as aneurysms around the world is a major market driver for aneurysm clips. Cerebrovascular disorders are caused due to weakening of blood vessel walls in the brain, often occurring due to high blood pressure, atherosclerosis or previous head injury. Statistics show that the number of people affected by aneurysms is rising steadily due to growing elderly population and increasing risk factors such as smoking and obesity. As per estimates by expert neurosurgeons, there is nearly 1 in 50 chance of developing an aneurysm during a person's lifetime. Early detection and timely surgical procedures using aneurysm clips provide effective prevention and management of ruptured aneurysms, thereby driving greater demand for these medical devices.

Development of Advanced Aneurysm Clips

Continuous research and development activities by leading medical device companies have led to innovation and launch of advanced aneurysm clips made of super alloys. The newer clips are designed to adequately occlude the aneurysm neck without causing any collateral vessel compromise or brain tissue damage. Some notable advancements include clips having ultra-fine clipping profiles, curved shape for treating distal aneurysms, self-closing mechanism for ease of application, and radiolucent properties allowing postoperative imaging. The availability of custom-designed clips catering to unique aneurysm shapes and locations has greatly improved surgical outcomes. The ability of advanced clips to seal aneurysms more securely and prevent rebleeding is a key driver as it lowers complication risks and reoperation rates over the long run.

High Cost of Surgical Procedures

While aneurysm clips remain the standard of care for surgery involving open craniotomy, their high cost has somewhat restricted market growth. The clip application procedure requires setting up of specialized operating room, involvement of neurosurgeon and supporting staff, general anesthesia, postoperative ICU stay and follow ups. When factorized with expenses of clips, this adds to a significant economic burden on patients as well as healthcare systems. Particularly in developing nations, cost concerns represent a major barrier since only limited population can afford such elective surgeries. Even in developed countries with universal healthcare, issues arise from budget constraints and restricted insurance coverage for newer high-end clip variants. Cost reduction through generics and optimized surgical workflows can help alleviate this restrain.

Increasing Uptake of Minimally Invasive Procedures

Growing use of endovascular techniques like coiling for treating unruptured aneurysms offers new opportunities for aneurysm clips market. Though open surgery remains standard of care for majority complex aneurysms, coiling is increasingly becoming first line treatment for small, wide-neck aneurysms when possible. This is mainly due to benefits like reduced recovery times, hospital stay and associated morbidity attained through minimally invasive access. However, coil compaction or recanalization occurs in 15-30% of coiled aneurysms requiring long term follow ups. In cases where coils fail or find endovascular approach unsuitable, clip ligation through minimally craniotomy provides an excellent fallback option. Greater focus on hybrid procedures combining endovascular and surgical steps further complements the role of clips. This represents an attractive avenue to leverage clips in treatment algorithms going forward.

Emergence of Bioabsorbable Clips

Since permanent clips remain implanted in patients long term, there has been significant R&D to develop bioabsorbable clips that degrade gradually and get absorbed in vivo. Such temporary clips offer advantages like avoiding complications from permanent foreign material, allowing postoperative imaging, minimizing long term effects on brain tissues, and potentially reducing cost. Industry leaders are progressing bioabsorbable clip designs made from materials like polyglycolic acid that retain required strength during healing process but get enzymatically metabolized over months to years. Though high production costs and regulatory approval challenges exist, first generation bioabsorbable clips have entered clinical trials with promising safety profiles. Assuming technical and clinical validation milestones are met,bioabsorbable clips represent a major trend that can disrupt the long standing market for permanent metal clips.

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𝐅𝐀𝐐'𝐬

Q.1 What are the main factors influencing the Aneurysm Clips market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market's opportunities, risks, and general structure?
Q.4 Which of the top Aneurysm Clips Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Aneurysm Clips market's distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area's assessment of agreements, income, and value implicate?

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