Intracranial Aneurysm Market
Growth Factors of Intracranial Aneurysm Market
The intracranial aneurysm market size was valued at USD 1.50 billion in 2023, and the market is now projected to grow from USD 1.61 billion in 2024 to USD 2.95 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
The COVID-19 pandemic had a Direct impact on the growth of the market owing to the reduced number of intracranial aneurysm surgeries. This was due to disruptions in the healthcare services/ elective surgeries where the used of some medical devices are fundamental. Moreover, disruptions of the supply chain also compounded the access to required obtrusive equipment in the broader market practice.
The cerebral aneurysms have become more common in the global population hence the need intracranial aneurysm devices. Newer technologies such as 3-D angiography and magnetic resonance angiography are improving the time taken to diagnose the aneurysms hence, increasing the number of patients seeking treatment. Also, the benefits of other minimally invasive procedures such as coils, flow dividers, web devices are also likely to grow the market in the coming years.
It has been found that some intracranial cerebral aneurysms could be treated by operations that include craniotomy through which a metal clip is used to occlude the aneurysm. But with advancement in science and technology especially in surgical operations, the rate of physical injuries and their consequent healing time has drastically reduced thereby reducing the need for craniotomy. New ways of approaching the condition are now available with endovascular coiling and flow diverters considered safer for patients.
Comprehensive Analysis of Intracranial Aneurysm Market
The intracranial aneurysm market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by product type analysis, by type analysis, and by end-user analysis. By product type analysis include aneurysm therapeutic devices, embolization devices, aspiration devices, and access devices. By type analysis include saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. By end-user analysis include hospitals, specialty clinics, and others.
The North America region lead the intracranial aneurysm market share by benefitting a market size of USD 0.65 billion in 2023 due to its advanced healthcare infrastructure.
The top players have a significant responsibility in the healthcare industry for confirming industrial prospectus growth and determining the market trends. These players include, Medtronic, B. Braun SE, Integra LifeSciences, MicroPort Scientific Corporation, Stryker, Johnson & Johnson Services, Inc., Terumo Corporation (MicroVention Inc.), Evasc Neurovascular Enterprises, Penumbra, Inc. these market players provide a level-playing competitive landscape.
In June 2023, Fluid Biomedical Inc. initiated its first-in-human clinical study with ReSolv, a polymer-based flow-diverting stent designed to treat brain aneurysms.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.9% from 2024-2032
Unit Value (USD Billion)
Segmentation By Product Type
- Aneurysm Therapeutic Devices
- Clips
- Coils
- Intravascular Devices
- Flow Diverter
- Embolization Devices
- Occlusion Catheters
- Embolic Agent
- Aspiration Devices
- Aspiration Catheter
- Clot Retrieval Device
- Access Devices
- Micro Catheter
- Guidewire
By Type
- Saccular aneurysm
- Fusiform aneurysm
- Mycotic aneurysm
By End-User
- Hospitals
- Specialty Clinics
- Others
By Region
- North America (By Product Type, Type, End-User, and Country)
- U.S.
- Canada
- Europe (By Product Type, Type, End-User, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific (By Product Type, Type, End-User, and Country)
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Latin America (By Product Type, Type, End-User, and Country)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Product Type, Type, End-User, and Country)
- GCC
- South Africa
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Number of Key Surgical Procedures, 2023
- 4.2. New Product Launches, By Key Players
- 4.3. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 4.4. Technological Advancement in Intracranial Aneurysm Devices
- 4.5. Impact of COVID-19 on the Market
- 5. Global Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast – By Product Type
- 5.1.1. Aneurysm Therapeutic Devices
- 5.1.1.1. Clips
- 5.1.1.2. Coils
- 5.1.1.3. Intravascular Devices
- 5.1.1.4. Flow Diverter
- 5.1.2. Embolization Devices
- 5.1.2.1. Occlusion Catheters
- 5.1.2.2. Embolic Agent
- 5.1.3. Aspiration Devices
- 5.1.3.1. Aspiration Catheter
- 5.1.3.2. Clot Retrieval Device
- 5.1.4. Access Devices
- 5.1.4.1. Micro Catheter
- 5.1.4.2. Guidewire
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Saccular aneurysm
- 5.2.2. Fusiform aneurysm
- 5.2.3. Mycotic aneurysm
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals
- 5.3.2. Specialty Clinics
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Product Type
- 6.1.1. Aneurysm Therapeutic Devices
- 6.1.1.1. Clips
- 6.1.1.2. Coils
- 6.1.1.3. Intravascular Devices
- 6.1.1.4. Flow Diverter
- 6.1.2. Embolization Devices
- 6.1.2.1. Occlusion Catheters
- 6.1.2.2. Embolic Agent
- 6.1.3. Aspiration Devices
- 6.1.3.1. Aspiration Catheter
- 6.1.3.2. Clot Retrieval Device
- 6.1.4. Access Devices
- 6.1.4.1. Micro Catheter
- 6.1.4.2. Guidewire
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Saccular aneurysm
- 6.2.2. Fusiform aneurysm
- 6.2.3. Mycotic aneurysm
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals
- 6.3.2. Specialty Clinics
- 6.3.3. Others
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Product Type
- 7.1.1. Aneurysm Therapeutic Devices
- 7.1.1.1. Clips
- 7.1.1.2. Coils
- 7.1.1.3. Intravascular Devices
- 7.1.1.4. Flow Diverter
- 7.1.2. Embolization Devices
- 7.1.2.1. Occlusion Catheters
- 7.1.2.2. Embolic Agent
- 7.1.3. Aspiration Devices
- 7.1.3.1. Aspiration Catheter
- 7.1.3.2. Clot Retrieval Device
- 7.1.4. Access Devices
- 7.1.4.1. Micro Catheter
- 7.1.4.2. Guidewire
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Saccular aneurysm
- 7.2.2. Fusiform aneurysm
- 7.2.3. Mycotic aneurysm
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals
- 7.3.2. Specialty Clinics
- 7.3.3. Others
- 7.4. Market Analysis – By Country/Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Rest of Europe
- 8. Asia pacific Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Product Type
- 8.1.1. Aneurysm Therapeutic Devices
- 8.1.1.1. Clips
- 8.1.1.2. Coils
- 8.1.1.3. Intravascular Devices
- 8.1.1.4. Flow Diverter
- 8.1.2. Embolization Devices
- 8.1.2.1. Occlusion Catheters
- 8.1.2.2. Embolic Agent
- 8.1.3. Aspiration Devices
- 8.1.3.1. Aspiration Catheter
- 8.1.3.2. Clot Retrieval Device
- 8.1.4. Access Devices
- 8.1.4.1. Micro Catheter
- 8.1.4.2. Guidewire
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Saccular aneurysm
- 8.2.2. Fusiform aneurysm
- 8.2.3. Mycotic aneurysm
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals
- 8.3.2. Specialty Clinics
- 8.3.3. Others
- 8.4. Market Analysis – By Country/Sub-region
- 8.4.1. Japan
- 8.4.2. Australia
- 8.4.3. China
- 8.4.4. India
- 8.4.5. Rest of Asia Pacific
- 9. Latin America Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Product Type
- 9.1.1. Aneurysm Therapeutic Devices
- 9.1.1.1. Clips
- 9.1.1.2. Coils
- 9.1.1.3. Intravascular Devices
- 9.1.1.4. Flow Diverter
- 9.1.2. Embolization Devices
- 9.1.2.1. Occlusion Catheters
- 9.1.2.2. Embolic Agent
- 9.1.3. Aspiration Devices
- 9.1.3.1. Aspiration Catheter
- 9.1.3.2. Clot Retrieval Device
- 9.1.4. Access Devices
- 9.1.4.1. Micro Catheter
- 9.1.4.2. Guidewire
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Saccular aneurysm
- 9.2.2. Fusiform aneurysm
- 9.2.3. Mycotic aneurysm
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals
- 9.3.2. Specialty Clinics
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Intracranial Aneurysm Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Product Type
- 10.1.1. Aneurysm Therapeutic Devices
- 10.1.1.1. Clips
- 10.1.1.2. Coils
- 10.1.1.3. Intravascular Devices
- 10.1.1.4. Flow Diverter
- 10.1.2. Embolization Devices
- 10.1.2.1. Occlusion Catheters
- 10.1.2.2. Embolic Agent
- 10.1.3. Aspiration Devices
- 10.1.3.1. Aspiration Catheter
- 10.1.3.2. Clot Retrieval Device
- 10.1.4. Access Devices
- 10.1.4.1. Micro Catheter
- 10.1.4.2. Guidewire
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Saccular aneurysm
- 10.2.2. Fusiform aneurysm
- 10.2.3. Mycotic aneurysm
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Hospitals
- 10.3.2. Specialty Clinics
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Medtronic
- 11.2.1.1. Overview
- 11.2.1.2. Products & Services
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. B. Braun SE
- 11.2.2.1. Overview
- 11.2.2.2. Products & Services
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. Integra LifeSciences
- 11.2.3.1. Overview
- 11.2.3.2. Products & Services
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. MicroPort Scientific Corporation
- 11.2.4.1. Overview
- 11.2.4.2. Products & Services
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. Stryker
- 11.2.5.1. Overview
- 11.2.5.2. Products & Services
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. Johnson & Johnson Services, Inc.
- 11.2.6.1. Overview
- 11.2.6.2. Products & Services
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. Terumo Corporation (MicroVention Inc.)
- 11.2.7.1. Overview
- 11.2.7.2. Products & Services
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. Evasc Neurovascular Enterprises
- 11.2.8.1. Overview
- 11.2.8.2. Products & Services
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. Financials (Based on Availability)
- 11.2.9. Penumbra, Inc.
- 11.2.9.1. Overview
- 11.2.9.2. Products & Services
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Strategies
- 11.2.9.6. Financials (Based on Availability)
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