(MENAFN - GetNews) Aneurysm is the expansion of artery which is caused by weakness in the arterial wall. It appears in the areas where large arteries branch into smaller ones and it's observed at the base of the brain. Aneurysm can result in brain damage or stroke and has the potential to rupture which causes bleeding in the neighboring sub-arachnoid space. According to CDC,
Global aneurysm treatment market foreseen to grow over aCAGR of 5%during2019-2026.
Aneurysm is the expansion of artery which is caused by weakness in the arterial wall. It appears in the areas where large arteries branch into smaller ones and it's observed at the base of the brain. Aneurysm can result in brain damage or stroke and has the potential to rupture which causes bleeding in the neighboring sub-arachnoid space. According to CDC, aneurysm contributes annually more than 25,000 deaths in the US. An estimated 40% of these cases can cause death in less than 24 hours. Aneurysm demand immediate medical attention and has a huge demand in primary healthcare settings. The healthcare systems are more focused on preventive techniques to control the incidence. The ascending occurrences of high blood pressure and the fast advancements of surgical techniques remain the key drivers of the market. The government and other healthcare sectors are providing funds, which further indicates the potential growth of Aneurysm treatment market. All these factors hint towards the potential growth of the market during the forecast period.
Impelling growth of the global aneurysm treatment market can be attributed to a number of dynamics including:
•Incremental prevalence of brain aneurysms
•Improvement in surgical techniques
•The escalating occurrence of high blood pressure
•Rising healthcare funding by government bodies
•Presence of brain aneurysm in the family history
•The manifestation of familial aneurysms among subarachnoidhaemorrhage patients
•Increasing trauma and blood infection incidences
Aneurysm Treatment Market Restraints
•Expensive management cost of aneurysmal subarachnoid hemorrhage
•Undisclosed symptoms of unruptured brain aneurysm
The global Aneurysm treatment market is projected to reach a significant market value in terms of revenue by the end of 2026, registering a robustCAGRof over5%during2019-2026.Despite the aforementioned drivers and healthy projections, there are certain concerns associated with brain aneurysm treatment that are prospective to hinder the growth of the global aneurysm treatment market. These concerns include:
•Unidentified symptoms of an unruptured brain aneurysm
•High cost associated with aneurysmal subarachnoid haemorrhage management
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Global Aneurysm Treatment Market by Product Type
+ Surgical Clipping
+ Endovascular Coiling
+ Flow diverters
Surgical clipping is widely used effective treatment for brain aneurysms patients. Small metallic clip or clips are placed along the neck of the aneurysm to reduce the risk of bleeding by preventing blood from entering into the aneurysm sac. The clip remains in place for a lifetime while aneurysm shrinks and scar down permanently with an exceptionally low risk of redeveloping. Hence the surgical clipping segment is projected to grow at a rapid pace during the forthcoming period.
Global Aneurysm Treatment Market by End User
+ Neurological Centres
Global Aneurysm Treatment Market by Region
+ North America
+ Latin America
+ Asia Pacific
+ Rest of the World
North America currently holds the dominant market share and the expected significant growth in the forthcoming years is attributed to the increasing occurrences of a brain aneurysm. The European region holds the subsequent leading share of the global aneurysm treatment market. Prevalent cerebrovascular conditions, government-backed research and development along with improved medical reimbursement policies in the region are proliferating healthy growth herein. The Asia Pacific region is positioned as the potentially fastest growing region and significant the key player in the global aneurysm treatment terrain, owing to upgrading healthcare technology and a massive patient population.
The Rest of the world region holds moderate growth potential and a minimal share in the global aneurysm treatment market owing to the lack of proper disposal of remedial services. However, the decent growth in this region is driven by some of the most advancing countries like UAE, Saudi Arabia and Kuwait in the Middle East.
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•Tier 1 players- established companies in the market with a majormarket share
•Tier 2 players
•Emerging players which are growing rapidly
FutureWise Key Takeaways
•Key data-points affecting market growth
Objectives of the Study:
•To provide with an exhaustive analysis on the global aneurysm treatment market by product type, by end user, and by region
•To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•To evaluate and forecast micro-markets and the overall market
•To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•Profiling of companies to evaluate their market shares, strategies, financials and core competencies.
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