Europe Intracranial Aneurysm Market Share, Size, Trends, Outlook, Growth & Forecast | 2024 - 2032

The global intracranial aneurysm market size was valued at USD 1.2 billion in 2023, with Europe holding a significant market share. The market is driven by the growing demand for minimally invasive procedures. It is expected to grow at a CAGR of 8.8% during the forecast period from 2024 to 2032, with the market likely to reach USD 2.6 billion by 2032.

An intracranial aneurysm occurs when a blood vessel in the brain weakens and forms a bulge. If left untreated, it can lead to brain hemorrhages, stroke, or even death. The rising prevalence of these conditions and advancements in medical technology are propelling the growth of the intracranial aneurysm market. This market involves the diagnosis and treatment of aneurysms, including surgical and non-surgical interventions such as stenting, coiling, and clipping.

Get a Free Sample Report with Table of Contents : https://tinyurl.com/24c9yfw3

Key Market Segments

By Type:

Saccular Aneurysms: The most common type of aneurysm, saccular aneurysms have a sac-like appearance and account for a significant portion of the intracranial aneurysm market.
Fusiform Aneurysms: These involve the widening of the entire circumference of the artery and are typically more difficult to treat due to their shape.
Dissecting Aneurysms: Less common, these aneurysms occur due to a tear in the artery wall, leading to the separation of layers within the vessel wall.
By Treatment:

Surgical Clipping: Involves placing a clip at the base of the aneurysm to stop blood flow and prevent rupture.
Endovascular Coiling: A less invasive technique where coils are inserted into the aneurysm to promote blood clotting and prevent rupture.
Flow Diversion Stents: A newer procedure involving the placement of a stent to redirect blood flow away from the aneurysm.
By End-User:

Hospitals: The largest segment, with advanced infrastructure and specialised staff for performing surgeries and interventions.
Ambulatory Surgical Centres: These centres are growing in popularity due to the demand for outpatient procedures and cost-effective care.
Specialty Clinics: These clinics focus on specific types of surgeries and interventions related to brain health.
By Geography:

North America: The largest market for intracranial aneurysms due to high healthcare spending, advanced treatment options, and a large patient pool.
Europe: Holds a significant market share and is expected to grow due to increasing healthcare awareness and improved surgical techniques.
Asia-Pacific: Rapidly growing due to the increasing prevalence of aneurysms, an aging population, and the development of healthcare infrastructure.
Market Trends and Growth
Increasing Demand for Minimally Invasive Procedures: The preference for minimally invasive surgeries, such as endovascular coiling and flow diversion stenting, is driving market growth. These procedures offer shorter recovery times, less trauma, and reduced risks compared to traditional surgery. The growing emphasis on patient-centric care and faster recovery has accelerated the adoption of these techniques.

Advancements in Diagnostic Imaging: Technological advancements in diagnostic imaging, such as magnetic resonance angiography (MRA) and computed tomography angiography (CTA), have improved early detection rates of intracranial aneurysms. These imaging techniques allow for better identification of aneurysms, improving patient outcomes by enabling early intervention.

Growth of the Elderly Population: With the global population aging, the prevalence of intracranial aneurysms is expected to rise. Elderly individuals are more prone to developing aneurysms due to the natural weakening of blood vessels over time, contributing to the market's growth.

Rising Healthcare Awareness: Growing awareness about stroke prevention and brain health, especially in developed regions, is encouraging people to seek timely medical attention. This shift is fostering early diagnosis and treatment, which contributes to the market's expansion.

Emerging Markets in the Asia-Pacific Region: The Asia-Pacific region is witnessing significant growth due to an increasing number of patients diagnosed with aneurysms and improvements in healthcare facilities. Economic growth in countries such as China and India is enabling better access to advanced treatments.

Read Full Report with Table of Contents: https://tinyurl.com/237uun3c

COVID-19 Impact on the Intracranial Aneurysm Market

The COVID-19 pandemic had a significant impact on healthcare markets worldwide, including the intracranial aneurysm market. Several key factors contributed to this disruption:

Disruption of Non-Essential Healthcare Services: During the peak of the pandemic, hospitals and healthcare facilities were overwhelmed with COVID-19 patients, leading to the postponement or cancellation of non-urgent medical procedures, including elective surgeries for aneurysm treatment. This resulted in delayed treatments and worsened outcomes for patients in some cases.

Impact on Diagnostic Services: Diagnostic imaging services were also impacted due to the diversion of medical resources to COVID-19-related care. Reduced access to diagnostic facilities affected early detection rates, leading to increased cases of aneurysm rupture or complications in untreated individuals.

Surge in Remote Consultations: The adoption of telemedicine and remote consultations increased during the pandemic. Although this trend was positive in terms of maintaining patient engagement, it led to delays in the diagnosis and treatment of aneurysms as remote consultations cannot fully replace in-person diagnostic procedures and interventions.

Recovery and Market Resilience: As the healthcare systems adjusted to the new normal and restrictions lifted, the intracranial aneurysm market began to show signs of recovery. Hospitals resumed elective surgeries, and demand for minimally invasive procedures rose again. The long-term impact of the pandemic is expected to be minimal, with a gradual return to pre-pandemic growth rates.

Market Outlook

The global intracranial aneurysm market is poised for steady growth in the coming years. Factors such as the increasing preference for minimally invasive procedures, rising healthcare expenditure, and advancements in diagnostic and surgical techniques are expected to contribute to this growth. Additionally, the market is seeing a shift toward more patient-centric care models, where treatments are designed to minimize patient recovery time and improve outcomes.

By 2032, the market is projected to reach USD 2.6 billion, driven by increasing awareness, technological advancements, and a growing focus on early detection and intervention. Key players in the market will continue to focus on innovations in treatment techniques, including the development of next-generation stents and coils for aneurysm treatment.

Key Players in the Intracranial Aneurysm Market

Several key players dominate the intracranial aneurysm market, providing innovative solutions for the diagnosis and treatment of aneurysms. These players include both established companies and new entrants that are pushing the boundaries of medical technology:

Medtronic Plc (Ireland): Medtronic is a leading player in the intracranial aneurysm market, offering a wide range of products for aneurysm diagnosis and treatment. The company's portfolio includes endovascular coiling products and flow diversion stents, making it a major contributor to minimally invasive treatments for aneurysms.

Johnson & Johnson (USA): With its subsidiary, DePuy Synthes, Johnson & Johnson is actively involved in the development of medical devices for aneurysm treatment. The company is known for its neurovascular solutions and its ongoing research in brain health.

Stryker Corporation (USA): Stryker is a major player in the global medical device market, providing advanced neurovascular solutions for the treatment of intracranial aneurysms. Its product range includes stents, coils, and other neurovascular products for surgical and endovascular treatments.

Terumo Corporation (Japan): Terumo is a prominent player in the medical device market, known for its vascular products, including endovascular coils used in aneurysm treatments. The company is expanding its footprint in the neurovascular sector with a focus on innovative treatments.

Penumbra, Inc. (USA): Penumbra is at the forefront of providing innovative endovascular solutions for intracranial aneurysms. The company's products include advanced embolization coils and neurovascular stents, contributing to the growing demand for minimally invasive procedures.

Abbott Laboratories (USA): Abbott's involvement in the intracranial aneurysm market is through its neurovascular division, which offers devices for aneurysm treatment, including coiling products and stents.

Frequently Asked Questions (FAQs)

What is an intracranial aneurysm? An intracranial aneurysm is a condition where a blood vessel in the brain becomes weakened and forms a bulge. This bulge can rupture, leading to brain hemorrhages and strokes.

What are the treatment options for intracranial aneurysms? Treatment options for intracranial aneurysms include surgical clipping, endovascular coiling, and flow diversion stents. The choice of treatment depends on factors such as the type and location of the aneurysm.

How is an intracranial aneurysm diagnosed? Intracranial aneurysms are typically diagnosed using advanced imaging techniques such as magnetic resonance angiography (MRA), computed tomography angiography (CTA), or cerebral angiography.

What factors are driving the growth of the intracranial aneurysm market? The market is driven by factors such as the increasing demand for minimally invasive treatments, advancements in diagnostic imaging, and the rising prevalence of brain aneurysms due to an aging population.

Related Trending Reports

Global Patient Engagement Solutions Market : https://tinyurl.com/27neh2lw
Global Dental Consumables Market : https://tinyurl.com/2af6b2lb
Global Cryotherapy Market : https://tinyurl.com/296q7s35
Global Antimicrobial Therapeutics Market : https://tinyurl.com/257455py

Media Contact :

Company Name: Claight Corporation
Contact Person: James william, Corporate Sales Specialist
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

This release was published on openPR.