Aneurysm is referred to as an abnormal, localized, balloon-like spot that causes outward bulging on the wall of blood vessels. It may be a result of weakened walls of blood vessels or an acquired disease or hereditary condition. As an aneurysm grows in shape and size, it increases the risk of rupture, which may result in uncontrolled internal bleeding. Aneurysms can occur in any blood vessel. However, blood vessels in the brain, thoracic aorta, and abdomen are a few common sites affected by aneurysms. Aneurysm clips, are implantable devices used solely for closing and isolation of veins or arteries due to localized aneurysms in human beings. For example, in a typical surgical procedure to treat brain aneurysms involves opening the skull, finding the affected artery and then placing a metal clip over the neck of the aneurysm. Aneurysms are most common among 50-year-olds, and there are typically no warning signs. The incidence is two to three times higher in males most aneurysms develop after the age of 40.
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The aneurysm clips market is expected to expand during the forecast period due to a rise in demand for the clips for surgical procedures and use of advanced titanium alloys in the clips. Aneurysm clips with advanced technology and ultra-slim profile provide surgeons ease of handling and greater visibility of the local anatomy. The clips also offer a slim blade design and MRI compatibility, preserving tissue integrity. Stable development in unit offers of titanium aneurysm clips is anticipated to rise during the forecast period. Unit offers of cobalt chromium nickel combinations are likely to decrease. The qualities of the titanium combination give insignificant relics and better visualization and in addition having a particular weight lower than the cobalt clips. Moreover, technological advancements in health care products, rise in the aging population, and a favorable economy are driving the aneurysm clips market. However, risks associated with operating procedures and low awareness about aneurysms are anticipated to restrain the market. High blood pressure, smoking and use of tobacco, irregular lifestyle, genetic disorders, atherosclerosis, infection of the arteries, and family history increase the risk of aneurysm. Symptoms vary according to the area in which the aneurysm occurs. Major symptoms include an increase in heart rate, pain, and bleeding.
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The global aneurysm clips market can be segmented based on type, raw material, end-user and, geography. In terms of type, the market can be classified into cerebral, abdominal, thoracic, and peripheral aneurysm. Based on raw material, the global aneurysm clips market can be divided into titanium, cobalt, and others. In terms of end-user, the global aneurysm clips market can be classified into hospitals, cardiac centers, specialty clinics, ambulatory surgical centers, and others.
Based on geography, the global aneurysm clips market can be classified into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to be a leading region of the market, due to the high adoption rate of surgical clips in aneurysm treatment. The U.S. is expected to be a rapidly expanding region of the market in North America. One in 50 people in the U.S. suffer from an unruptured brain aneurysm. The usage of aneurysm clips in Europe is significant. Germany, the U.K., France, and Italy are major contributors to the market in the region. The aneurysm clips market in Asia Pacific is projected to expand at a rapid CAGR during the forecast period. The market in Japan, China, and India is anticipated to expand at a robust pace in the near future as compared to the market in other countries in the region.
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Key players operating in the global aneurysm clips market include Boston Scientific, Cyberonics, Codman & Shurtleff, St. Jude Medical, Medtronic, Integra LifeSciences, RauMedic, KLS Martin Group, B Braun, Mizuho America, InoMed, and Stryker.
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