Aneurysm Clips Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Aneurysm Clips Market is segmented By Material Type (Titanium, Cobalt, Others), By Aneurysm Type (Cerebral, Thoracic, Abdominal, peripheral), By End-User (Hospitals and Clinics, Research Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Aneurysm Clips Market Overview

The global aneurysm clips market size was valued at US$ 935.8 million in 2022 and is estimated to reach US$ 1,389.3 million by 2030, growing at a CAGR of 5.2% during the forecast period (2023-2030)

The major driving forces global aneurysm clips market are due to increased demand for the clips in surgical operations and the usage of improved titanium alloys in the clips. Additionally, the clips have a thin blade shape and are MRI compatible, protecting tissue integrity.

Although aneurysm clipping procedure has shown to be safe and effective in treating aneurysms, it is an invasive procedure that requires general anesthesia and dissection of the skull for the procedure. Anesthesia poses risks, especially for those with chronic health conditions and among older patients.

Aneurysm Clips Market Scope and Summary

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Aneurysm Clips Market Dynamics and Trends

The Increasing prevalence of cerebral aneurysms will drive the global aneurysm clips market.

The aneurysm clips market is primarily driven by the increasing prevalence of cerebral aneurysms, which is a potentially life-threatening condition. As the population ages and the incidence of conditions such as hypertension and atherosclerosis increases, the demand for aneurysm clipping procedures is likely to rise. 

According to Brain Aneurysm Foundation an estimated 6.7 million people in the U.S. have an unruptured brain aneurysm or 1 in 50 people suffer from this life threatning disease. The annual rate of rupture is approximately 8 – 10 per 100,000 people and about 30,000 people in the U.S. suffer a brain aneurysm rupture each year.

Expansion into emerging markets will create opportunities will lead to creating opportunities for the market players.

Emerging markets such as China and India have large aging populations and rising disposable incomes, presenting significant growth opportunities for aneurysm clip manufacturers. 

Stringent regulatory requirements are factors hindering the market growth.

Stringent norms to ensure bio magnetic compatibility to avoid unfavorable incidence and boost patient safety will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market. 

Aneurysm clip manufacturers must comply with strict regulations and standards for safety and efficacy. This can increase the time and cost of bringing new products to market.

Aneurysm Clips Market Segment Analysis

The aneurysm clips market is segmented on the basis of material type, aneurysm type and end user. 

Titanium-based aneurysm clips segment will be dominated by market players during the forecast period.

The features of titanium aneurysm clips, like durability, inertness, lightness, non-reactivity, and high tensile strength, surge the usage of titanium aneurysm clips in removing the aneurysm. In addition, the compatibility with imaging modalities, mainly CT scans, MRI, and X-rays, and its capability to effectively secure the closure of delicate vessels during treatment makes it a preferred option as surgical equipment, thus propelling the growth of the segment. 

Source: DataM Intelligence Analysis (2023)

Aneurysm Clips Market  Geographical Penetration

North America is the dominating region during the forecast period.

According to the Brain Aneurysm Foundation, around 6 million people in the U.S. have unruptured brain aneurysms at a prevalence rate of 8 – 10 persons per 100,000 population per annum. 

Source: DataM Intelligence Analysis (2023)

Aneurysm Clips Companies and Competitive Landscape

The major global players include Boston Scientific, Medtronic, Abbott, Ortho-Medical GmbH, KLS Martin Group, InoMed, Integra LifeSciences, Mizuho America, Adeor Medical AG, B Braun, Peter LAZIC GmbH and others.

COVID-19 Impact on Aneurysm Clips Market 

The COVID-19 pandemic had a detrimental influence on the global healthcare industry. Neurocare and neurosurgeons have been significantly impacted by the pandemic. During this period, brain-related procedures were often postponed or even canceled to prevent the transmission of the disease. 

In the worst pandemic-affected countries, such as India, the US and others, neurosurgical procedures declined to 55%. These are some of the severely impacted countries in terms of positive cases and reported deaths. 

Due to the restrictions, there was a limitation on the total number of general surgical operations that could be carried out globally. The closure of several departments at various hospitals around the world due to a shortage of available staff has also had an influence on the number of procedures.

Key Developments

• In December 2022, Integra LifeSciences, a medical technology company announced the acquisition of Surgical Innovation Associates (SIA), to grow its aneurysm clips market globally. 
• Neos Surgery S.L. developed plastic clips, which allows post-surgical checkups via Computed Tomography (CT) and Magnetic Resonance Imaging (MRI) 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 USD 1.23 million. 

Why Purchase the Report?

• To visualize the global aneurysm clips market segmentation based on material type, aneurysm type, and end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of global aneurysm clips market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global aneurysm clips market report would provide approximately 92 tables, 108 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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