Intracranial Aneurysm Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMPH4007 | Last Updated On: Sep 30 2021 | No. of Pages: 180 | Available Formats

> Global Intracranial Aneurysm Market Expected to reach a high CAGR of 8.9% By 2028: DataM Intelligence

Market Overview

The "Global Intracranial Aneurysm Market" is predicted to reach at a high CAGR of 8.9% during the forecast period (2021-2028).

A cerebral or intracranial aneurysm is an abnormal focal dilation of an artery that results from a weakening of the inner muscular layer (the intima) of the blood vessel wall. The vessel develops a "blister-like" dilation that can become thin and rupture without warning. The resultant bleeding into the space around the brain is called a subarachnoid hemorrhage (SAH). This kind of hemorrhage can lead to a stroke, coma and/or death.

The factors favouring the growth of intracranial aneurysm market includes the world aging population, sedentary and busy lifestyles, increased funding and grant on research. The market is growing due to developing healthcare infrastructure and extensively increasing screening tests. The high cost related with brain aneurysm treatment surgery is projected to obstruct the growth of the brain aneurysm treatment market during the forecast period.

Market Dynamics

The intracranial aneurysm market growth is driven by the rising number of risk factors leading to the problem such as family history, autosomal dominant PCKD, co-arctation of the aorta, bicuspid aortic valve, Ehlers-Danlos syndrome type IV, smoking, and hypertension. In a survey, it is proven that around 80 percent of intracranial aneurysm cases were smokers in the past.

Increasing research and development for intracranial aneurysm

The intracranial aneurysm market is expected to grow significantly over the forecast period due to growing reasearch and development programs pertaining to the treatment of intracranial aneurysm.For instance, in  August 2019, Fujitsu Australia, Macquarie Medical Imaging, Macquarie University, and GE Healthcare announced a new research collaboration to find advanced techniques to improve the diagnosis of brain aneurysm. The association announced the focus on utilization and adoption of artificial intelligence to identify and analyze brain aneurysms.

Cost Analysis

Costs of both clipping and coiling have increased from 2001 to 2008. The median 2008 hospital costs were $23,574 (IQR, $18,233-$29,941) for clipping and $25,734 (IQR, $17,436-$35,846) for coiling without complications, which were higher than the average Medicare payment of $12,599. The median hospital costs were $36,188 (IQR, $21,831-$55,308) for clipping and $40,502 (IQR, $24,289-$50,108) for coiling treatments complicated by major morbidity and $68,165 (IQR, $32,972-$100,211) for clipping and $56,020 for coiling treatments complicated by mortality, which were higher than the average Medicare payment for patients with major complications and comorbidities of $22,946. In multivariate analysis, female sex was associated with higher costs for coiling (P = .02), and poor discharge status was associated with higher costs for both clipping (P < .001) and coiling (P < .001).

Hospitalization costs for patients undergoing clipping and coiling of unruptured cerebral aneurysms are substantially higher than Medicare payments.

COVID-19 Impact Analysis

COVID-19 pandemic has a considerable impact on the life of the whole humanity and in several aspects. Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favourable. Stock market volatility and decreasing global growth are anticipated, which will affect the market.  The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.

Segment Analysis

By type the intracranial aneurysm market is divided into medication and surgery. The surgery segment has been sub-segmented into endovascular coiling, flow diverters, surgical clipping, and others. The medication segment has been sub-segmented into analgesics, antiemetics, anti-seizure medications, calcium channel blockers, antacids, and others.

The surgery segment is expected to register the highest CAGR in the market during the forecast period.

Though medication held the largest share of the market .According to World Health Organization (WHO) in 2019, an estimated 1.13 billion population was suffering from hypertension across the globe. Such massive epidemics of hypertension are likely to increase the cases of brain aneurysm, which in turn will propel the growth of brain aneurysm treatment market from 2020-2028.

Intracranial Aneurysm Market Share, By Type, 2020

Source: DataM Intelligence Analysis (2020)

On the basis of end-use it is segmented into hospitals and clinics.

Hospitals held the largest share of End-Use segment in the global market.

The hospital segment is projected to show the highest growth over the forecast period as the procedures are complicated and critical. Also, durable and high quality equipments are available in hospitals. Hospitals are beneficial in handling complications after operations as hospitals are better equipped. The hospital segment dominated the overall market with a share of 88.95% in 2020 and is expected to expand at the highest CAGR from 2021 to 2028

Source: DataM Intelligence Analysis (2020)

Geographical Analysis

Based on geography, the brain aneurysm treatment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is expected to hold the largest market share in intracranial aneurysm market over the forecast period

Asia pacific is expected to show highest growth over the forecast period due its large population,rise in prevelance of hypertension, increased lifestyle stress and geriatic problems. Also increased affordability,enhanced quality of diagnosis and rapidly growing market. Asia Pacific is expected to expand at the highest CAGR of 12.8% from 2021 to 2028

Competitive Landscape

Manufacturers in the market are focussing on innovation of new medical devices,growth strategies and technological developments.These key developments are anticipated to boost the growth of intracranial aneurysm market over the forecast period.Some of the keyplayers contributing to the growth of the market are Raumedic AG, DePuy Synthes, Integra Life Sciences Corporation, Orsan Medical Technologies, Spiegelberg GmbH, MicroPort Scientific Corporation, Medtronic Plc., Codman & Shurtleff, Inc, Johnson and Johnson Services Inc.

Johnson and Johnson Services Inc.

Overview: Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Johnson & Johnson Services Inc. offers consumer healthcare products. 

Product Portfolio: ORBIT GALAXY includes the complete range of stretch resistant Frame, Fill and XTRASOFT™ Finishing coils required to treat aneurysms.  The new coils feature a unique, complex random loop design. This shape makes the coils highly conformable and enables them to seek and fill open spaces in cerebral aneurysms to achieve high packing densities, which have been correlated with low patient retreatment rates

Key Development: In October 2017,Johnson and Johnson completed the divestiture of its Codman Neurosurgery business segment to Integra LifeSciences Holding Corporation. As a result, Johnson and Johnson focus majorly on its new business unit CERENOVUS (launched in June 2017), which is involved in developing devices used for the treatment of stroke and cerebral aneurysm.

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  • Visualize the composition of the intracranial aneurysm market segmentation by type, end-use, and globally highlighting the key commercial assets and players.
  • Identify commercial opportunities in intracranial aneurysm market by analyzing trends and co-development deals.
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Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Suggestions for Related Market Report:

  • Global Intracranial Aneurysm Market
  • Global Clipping Market
  • Global Coiling Market
  • Global Medical Devices Market

Table of Contents

  1. Intracranial Aneurysm Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Intracranial Aneurysm  Market – Market Definition and Overview

  3. Intracranial Aneurysm  Market – Executive Summary

    1. Market Snippet by Type
    2. Market snippet by End-Use
    3. Market snippet by Region
  4. Intracranial Aneurysm Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increasing number of risk factors
        2. Increasing research and development for intracranial aneurysm
      2. Restraints:
        1. Availability of alternative treatments
        2. Cost Analysis
  5. Intracranial Aneurysm Market – Industry Analysis

    1. Epidemiology
    2. Porter's Five Forces Analysis
    3. Supply Chain Analysis
    4. Regulatory Analysis
    5. Reimbursement Analysis
    6. Unmet Needs
  6. Intracranial Aneurysm Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Intracranial Aneurysm Market – By Type

    1. Introduction
    2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), By Type
    3. Market Attractiveness Index, By Type
      1. Surgery*
        1. Introduction
        2. Market Size Analysis, US$ Million, 2018-2028  and Y-o-Y Growth Analysis (%)
        3. Medication
  8. Intracranial Aneurysm Market – By End-use

    1. Introduction
    2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), By End-Use
    3. Market Attractiveness Index, By End-Use Segment
      1. Hospitals*
          1. Introduction
          2. Market Size Analysis, US$ Million, 2018-2028  and Y-o-Y Growth Analysis (%)
      2. Clinics
  9. Intracranial Aneurysm Market – By Region

    1. Introduction
      1. Market Size Analysis, US$ Million, 2018-2028  and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. Latin America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of Latin America
    5. Asia Pacific*
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%),By End-Use
  10. Intracranial Aneurysm Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
  11. Intracranial Aneurysm Market- Company Profiles

    1. Johnson and Johnson Services Inc.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Raumedic AG
    3. DePuy Synthes
    4. Integra Life Sciences Corporation
    5. Orsan Medical Technologies
    6. Spiegelberg GmbH
    7. MicroPort Scientific Corporation
    8. Medtronic Plc
    9. Codman & Shurtleff
    10. Kaneka Corporation
    11. Adeor medical AG
    12. Terumo Corporation(*LIST NOT EXHAUSTIVE)
  12. Intracranial Aneurysm Market – Premium Insights

  13. Intracranial Aneurysm Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01 Intracranial Aneurysm Market Value, By Type, 2020, 2024 & 2028($ Million)

Table 02 Intracranial Aneurysm Market Value, By End-Use, 2020, 2024 & 2028($ Million)

Table 03 Intracranial Aneurysm Market Value, By Region, 2020, 2024 & 2028($ Million)

Table 04 Intracranial Aneurysm Market Value, By Type, 2020, 2024 & 2028($ Million)

Table 05 Intracranial Aneurysm Market Value, By Type, 2018-2028($ Million)

Table 06 Intracranial Aneurysm Market Value, By End-Use, 2020, 2024 & 2028($ Million)

Table 07 Intracranial Aneurysm Market Value, By End-Use, 2018-2028($ Million)

Table 08  Intracranial Aneurysm Market Value, By Region, 2020, 2024 & 2028($ Million)

Table 09 Intracranial Aneurysm Market Value, By Region, 2018-2028($ Million)

Table 10 North America Intracranial Aneurysm  Market Value, By Type, 2018-2028($ Million)

Table 11  North America Intracranial Aneurysm  Market Value, By End-Use, 2018-2028($ Million)

Table 12 North America Intracranial Aneurysm  Market Value, By Country, 2018-2028($ Million)

Table 13 South America Intracranial Aneurysm  Market Value, By Type, 2018-2028($ Million)

Table 14 South America Intracranial Aneurysm  Market Value, By End-Use, 2018-2028($ Million)

Table 15 South America Intracranial Aneurysm  Market Value, By Country, 2018-2028($ Million)

Table 16 Europe Intracranial Aneurysm  Market Value, By Type, 2018-2028($ Million)

Table 17  Europe Intracranial Aneurysm  Market Value, By End-Use, 2018-2028($ Million)

Table 18 Europe Intracranial Aneurysm  Market Value, By Country, 2018-2028($ Million)

Table 19 Asia-Pacific Intracranial Aneurysm  Market Value, By Type, 2018-2028($ Million)

Table 20 Asia-Pacific Intracranial Aneurysm  Market Value, By End-Use, 2018-2028($ Million)

Table 21 Asia-Pacific Intracranial Aneurysm  Market Value, By Country, 2018-2028($ Million)

Table 22 Middle East & Africa Intracranial Aneurysm  Market Value, By Type, 2018-2028($ Million)

Table 23 Middle East & Africa Intracranial Aneurysm  Market Value, By End-Use, 2018-2028($ Million)

Table 24 Johnson and Johnson Services Inc.*: Overview

Table 25 Johnson and Johnson Services Inc.*: Product Portfolio

Table 26 Johnson and Johnson Services Inc.*: Key Developments

Table 27 Raumedic AG: Overview

Table 28 Raumedic AG: Product Portfolio

Table 29 Raumedic AG: Key Developments

Table 30 DePuy Synthes: Overview

Table 31 DePuy Synthes: Product Portfolio

Table 32 DePuy Synthes: Key Developments

Table 33 Integra Life Sciences Corporation: Overview

Table 34 Integra Life Sciences Corporation: Product Portfolio

Table 35 Integra Life Sciences Corporation: Key Developments

Table 36 Orsan Medical Technologies: Overview

Table 37 Orsan Medical Technologies: Product Portfolio

Table 38 Orsan Medical Technologies: Key Developments

Table 39 Spiegelberg GmbH: Overview

Table 40 Spiegelberg GmbH: Product Portfolio

Table 41 Spiegelberg GmbH: Key Developments

Table 42 MicroPort Scientific Corporation: Overview

Table 43 MicroPort Scientific Corporation: Product Portfolio

Table 44 MicroPort Scientific Corporation: Key Developments

Table 45 Medtronic Plc: Overview

Table 46 Medtronic Plc: Product Portfolio

Table 47 Medtronic Plc: Key Developments

Table 48 Codman & Shurtleff: Overview

Table 49 Codman & Shurtleff: Product Portfolio

Table 50 Codman & Shurtleff: Key Developments

Table 51 Kaneka Corporation: Overview

Table 52 Kaneka Corporation: Product Portfolio

Table 53 Kaneka Corporation: Key Developments       

   List of Figures

Figure 01 Intracranial Aneurysm Market Share, By Type, 2020 & 2028 (%)

Figure 02 Intracranial Aneurysm Market Share, By End-Use, 2020 & 2028 (%)

Figure 03 Intracranial Aneurysm Market Share, By Region, 2020 & 2028 (%)

Figure 04 Intracranial Aneurysm Market Value, 2018-2028($ Million)

Figure 05 Intracranial Aneurysm Market Y-o-Y Growth, By Type, 2020-2028 (%)

Figure 06 Surgery: Intracranial Aneurysm Market Value, 2018-2028($ Million)

Figure 07 Medication: Intracranial Aneurysm Market Value, 2018-2028($ Million)

Figure 08          Intracranial Aneurysm Market Y-o-Y Growth, By End-Use, 2020-2028 (%)

Figure 09 Hospitals: Intracranial Aneurysm Market Value, 2018-2028($ Million)

Figure 10 Clinics: Intracranial Aneurysm Market Value, 2018-2028($ Million)

Figure 11  Intracranial Aneurysm Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 12 North America Intracranial Aneurysm  Market Value, 2018-2028($ Million)

Figure 13 North America Intracranial Aneurysm  Market Share, By Type, 2020 & 2028 (%)

Figure 14 North America Intracranial Aneurysm  Market Share, By End-Use, 2020 & 2028 (%)

Figure 15 North America Intracranial Aneurysm  Market Share, By Country, 2020 & 2028 (%)

Figure 16 South America Intracranial Aneurysm  Market Value, 2018-2028 ($ Million)

Figure 17  South America Intracranial Aneurysm  Market Share, By Type, 2020 & 2028 (%)

Figure 18 South America Intracranial Aneurysm  Market Share, By End-Use, 2020 & 2028 (%)

Figure 19 South America Intracranial Aneurysm  Market Share, By Country, 2020 & 2028 (%)

Figure 20 Europe Intracranial Aneurysm  Market Value, 2018-2028($ Million)

Figure 21 Europe Intracranial Aneurysm  Market Share, By Type, 2020 & 2028 (%)

Figure 22 Europe Intracranial Aneurysm  Market Share, By End-Use, 2020 & 2028 (%)

Figure 23 Europe Intracranial Aneurysm  Market Share, By Country, 2020 & 2028 (%)

Figure 24 Asia-Pacific Intracranial Aneurysm  Market Value, 2018-2028($ Million)

Figure 25 Asia-Pacific Intracranial Aneurysm  Market Share, By Type, 2020 & 2028 (%)

Figure 26 Asia-Pacific Intracranial Aneurysm  Market Share, By End-Use, 2020 & 2028 (%)

Figure 27 Asia-Pacific Intracranial Aneurysm  Market Share, By Country, 2020 & 2028 (%)

Figure 28 Middle East & Africa Intracranial Aneurysm  Market Value, 2018-2028($ Million)

Figure 29 Middle East & Africa Intracranial Aneurysm  Market Share, By Type, 2020 & 2028 (%)

Figure 30 Middle East & Africa Intracranial Aneurysm  Market Share, By End-Use, 2020 & 2028 (%)

Figure 31 Johnson and Johnson Services Inc.: Financials

Figure 32 Raumedic AG: Financials

Figure 33 DePuy Synthes: Financials

Figure 34 Integra Life Sciences Corporation: Financials

Figure 35 Orsan Medical Technologies: Financials

Figure 36 Spiegelberg GmbH: Financials

Figure 37 MicroPort Scientific Corporation: Financials

Figure 38 Medtronic Plc: Financials

Figure 39 Codman & Shurtleff: Financials

Figure 40 Kaneka Corporation: Financials

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