Middle East and Africa Intracranial Aneurysm Market Report and Forecast 2024-2032

The global intracranial aneurysm market was valued at USD 1.2 billion in 2023, with the Middle East and Africa holding a significant market share. The market is driven by the growing demand for minimally invasive treatment options. It is expected to grow at a CAGR of 8.8% during the forecast period of 2024-2032, with the values likely to attain USD 2.6 billion by 2032.

Middle East and Africa Intracranial Aneurysm Market Outlook

• A ruptured intracranial aneurysm can be life-threatening, supported by recent data that reveals around 10% of brain aneurysms rupture each year, with about 20% of the individuals dying before hospitalization and nearly 30% dying within a span of 3 months.
• The Middle East and Africa intracranial aneurysm market share is influenced by the rise in clinical data registries for post-marketing surveillance of medical devices used for endovascular aneurysm care. For instance, INSPIRE-A is an international registry sponsored by Medtronic plc, engaged in the assessment of flow-diverter imaging results.
• One of the major market trends is the rising preference for minimally invasive procedures associated with reduced complications, shorter recovery times, and improved patient outcomes.

Middle East and Africa Intracranial Aneurysm Market Analysis

Intracranial aneurysms or brain aneurysms are a weakened or bulging area in the wall of a blood vessel in the brain. High blood pressure, smoking, and a family history of aneurysms are some of the risk factors for developing this balloon-like sac filled with blood. Surgical clipping, endovascular coiling, and flow diversion are some treatment options used to prevent rupture or re-rupture of the aneurysm. The growing demand for less invasive procedures associated with reduced complications, shorter recovery times, and improved patient outcomes significantly contributes to the Middle East and Africa intracranial aneurysm market growth.

When an aneurysm ruptures, it can cause bleeding into the space around the brain (subarachnoid hemorrhage), which can be life-threatening and often leads to a stroke and brain damage. Recent data reveals that around 10% of brain aneurysms rupture each year, with about 20% of the individuals dying before hospitalization and nearly 30% dying within a span of 3 months. In Africa, intracranial aneurysms pose a serious health challenge, where disparities in healthcare provision and limited resources act as a constraint to disease management. This also indicates the need for effective treatment alternatives and diagnostic techniques in healthcare facilities to successfully manage the condition. With the growing emphasis on improving healthcare infrastructure and rising preference for procedures with minimal postoperative risks, the Middle East and Africa intracranial aneurysm market demand is expected to witness a surge in the forecast period.

The market share is influenced by the rise in clinical data registries for post-marketing surveillance to evaluate the safety and efficacy of medical devices. For instance, INSPIRE-A is an international registry sponsored by Medtronic plc, engaged in the assessment of flow-diverter imaging results, boasting over 1,400 participants enrolled from more than 40 sites including South Africa, and the United Arab Emirates (UAE). This high-volume global study monitors and analyzes outcomes in intracranial aneurysm patients treated with Medtronic neurovascular medical devices such as Flex, Shield, and Vantage flow diverters. The findings from such registries are crucial to advancing endovascular aneurysm care in the region. Additionally, these studies have the potential to inform device development and stimulate innovation in product design, which is likely to elevate the market value.

Middle East and Africa Intracranial Aneurysm Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

Market Breakup by Treatment Type

• Endovascular Coiling
• Surgical Clipping
• Flow Diverters
• Other Treatment Types

Market Breakup by End User

• Hospitals
• Clinics
• Others

Market Breakup by Country

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Leading Players in the Middle East and Africa Intracranial Aneurysm Market

The key features of the market report include funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Stryker
• B. Braun Melsungen AG
• Medtronic
• Terumo Corporation
• MicroPort Scientific Corporation
• Raumedic AG
• Johnson & Johnson
• Codman Neuro (Integra Lifesciences)
• Microvention Inc.
• Integra Lifesciences Corporation

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

FAQs

What is the Middle East and Africa intracranial aneurysm market forecast outlook for 2024-2032?
The Middle East and Africa intracranial aneurysm market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 8.8% during the forecast period of 2024-2032 and is likely to reach a market value of USD 2.6 billion by 2032.

What are the major factors aiding the Middle East and Africa intracranial aneurysm market demand?
The rising healthcare expenditures and advancements in minimally invasive treatments are fuelling the demand for the market.

What are the major Middle East and Africa intracranial aneurysm market trends?
One of the significant trends in the market is the rise in clinical data registries for post-marketing surveillance of medical devices. For instance, Medtronic sponsored INSPIRE-A (an international registry) which monitors and analyzes outcomes in intracranial aneurysm patients treated with Medtronic neurovascular medical devices.

What is the market segmentation based on the type?
Based on the type, the market is segmented into endovascular coiling, surgical clipping, and flow diverters, among others.

What is the major end use of the intracranial aneurysm?
The major end use includes hospitals and clinics, among others.

What is the market segmentation by countries?
The market segmentation by countries includes Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, among others.

Who are the key players involved in the Middle East and Africa intracranial aneurysm market?
The key players in the market are Stryker, B. Braun Melsungen AG, Medtronic, Terumo Corporation, MicroPort Scientific Corporation, Raumedic AG, Johnson & Johnson, Codman Neuro (Integra Lifesciences), MicroVention Inc., and Integra Lifesciences Corporation.


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