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Market Research Future (MRFR) asserts in its report that the global market is influenced by various key factors. This includes, the increasing and widespread prevalence of brain aneurysms, rising occurrence of high blood pressure, rapid advancements in surgical techniques, and increasing funding by the government and related bodies in the healthcare sector. Also, the presence of brain aneurysm in the family is another key driver of the market.
Individuals suffering from this condition of brain aneurysm can be diagnoses through multiple means or techniques, including cerebral angiogram, Computed Tomography (CT) scan, Magnetic Resonance Angiography (MRA), Computed Tomography Angiogram (CTA) scan, and many others. The global brain aneurysm treatment market share is expected to grow at a compound annual rate of 5.4% during the forecast period between 2017 and 2023.
Competitive Landscape
The global brain aneurysm treatment market includes a number of key players, including Sophysa Ltd., Codman & Shurtleff, Inc., Medtronic Plc., Orsan Medical Technologies, Head Sense Medical, InfraScan, Inc., MicroPort Scientific Corporation, Raumedic AG, HaiWeiKang, Johnson & Johnson, Spiegelberg GmbH, Vittamed, and others.
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Market Segmentation
The brain aneurysm treatment market segmentation is based in terms of condition, type, and end-user.
By Condition
- Ruptured Aneurysm
- Unruptured Aneurysm
By Type
- Endovascular Coiling
- Surgical Clipping
- Flow Diverters
- Others
By End-user
- Clinics
- Hospital
- Others
Regional Analysis
The global brain aneurysm treatment market is geographically segmented into major regions like Asia Pacific, Europe, the Americas, and the Middle East & Africa.
The Americas hold the dominant share of the global aneurysm treatment market and is expected to grow significantly in the forthcoming years. The growth of the region is attributed to the increasing prevalence of brain aneurysm.
The European region holds the second largest share of the market for brain aneurysm. The region’s growth is proliferated by the support provided by the government for research and development and for the improvement of reimbursement policies in healthcare. Also, cerebrovascular conditions are also seemingly prevalent in this region, which is also aiding the growth herein.
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The Asia Pacific region is positioned as one of the key players in the global brain aneurysm treatment landscape. It is expected to hold the potential to be the fastest growing region among the mentioned names. The surging growth and expansion of the region can be owed to the massive patient population and the ameliorating healthcare technology.
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