The Global Aneurysm Clips Market size is expected to reach $102.9 Million by 2028, rising at a market growth of 7.5% CAGR during the forecast period.
Aneurysm clips refers to the commonly conducted surgical procedure to treat aneurysm. An aneurysm commonly occur when the artery wall gets weak, and a huge swelling develops in the artery. The aneurysm clip is a method that is used in treating an aneurysm by putting a metal clasp above the neck of the aneurysm. Typically, aneurysms occur in different shapes and sizes; thus, aneurysm clips are designed in several sizes and shapes.
An aneurysm might be found in various parts of the body, like the aorta (the largest artery in the body), blood vessels of the brain (cerebral aneurysm), the intestines, the neck, the spleen, the kidney, and the vessels in the legs (popliteal aneurysms, femoral, and iliac). However, the aneurysm is mostly located in the aorta, which carries oxygenated blood to the body from the heart.
Aneurysm clips cut off the aneurysm from the blood supply by performing craniotomy and putting an aneurysm clip at the base of aneurysm. This process has been utilized for several years to treat brain aneurysm. The clipping process is not only effective and safe but can also be performed for various kinds of aneurysms, and it even reduces the risk of recurring of aneurysm for patients. Different types of aneurysm clips comprise cobalt chromium clips, titanium clips, and others.
These clips are made from austenitic stainless steels, elgiloy, titanium alloy, phynox, or commercially pure titanium. As the size of the bulge expands, it increases the threat of rupturing the artery. The surgical process may be performed on an unruptured or cracked aneurysm. Biocompatible aneurysm clippings are used as a component of the neurosurgical field and are available in a variety of sizes and shapes. Endovascular clipping and coiling are the least intruding process that could be utilized for open surgery, which could decrease the risk of infection and also involves reinforcing and repairing the damaged blood vessels.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Stryker Corporation, Integra LifeSciences Holdings Corporation, Boston Scientific Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences), KLS Martin Group, Adeor Medical AG, and Evonos GmbH & Co.KG.
Aneurysm clips refers to the commonly conducted surgical procedure to treat aneurysm. An aneurysm commonly occur when the artery wall gets weak, and a huge swelling develops in the artery. The aneurysm clip is a method that is used in treating an aneurysm by putting a metal clasp above the neck of the aneurysm. Typically, aneurysms occur in different shapes and sizes; thus, aneurysm clips are designed in several sizes and shapes.
An aneurysm might be found in various parts of the body, like the aorta (the largest artery in the body), blood vessels of the brain (cerebral aneurysm), the intestines, the neck, the spleen, the kidney, and the vessels in the legs (popliteal aneurysms, femoral, and iliac). However, the aneurysm is mostly located in the aorta, which carries oxygenated blood to the body from the heart.
Aneurysm clips cut off the aneurysm from the blood supply by performing craniotomy and putting an aneurysm clip at the base of aneurysm. This process has been utilized for several years to treat brain aneurysm. The clipping process is not only effective and safe but can also be performed for various kinds of aneurysms, and it even reduces the risk of recurring of aneurysm for patients. Different types of aneurysm clips comprise cobalt chromium clips, titanium clips, and others.
These clips are made from austenitic stainless steels, elgiloy, titanium alloy, phynox, or commercially pure titanium. As the size of the bulge expands, it increases the threat of rupturing the artery. The surgical process may be performed on an unruptured or cracked aneurysm. Biocompatible aneurysm clippings are used as a component of the neurosurgical field and are available in a variety of sizes and shapes. Endovascular clipping and coiling are the least intruding process that could be utilized for open surgery, which could decrease the risk of infection and also involves reinforcing and repairing the damaged blood vessels.
COVID-19 Impact Analysis
Various restrictions were imposed over the healthcare sector to postpone elective surgeries. Also, the sector faced a shortage of skilled personnel. All this has negatively impacted the market growth for aneurysm clips market. However, the market witnessed a speedy recovery just after the loosening of restrictions as the patients were able to consult the issues with medical professionals. Additionally, it was found that COVID-19 patients could suffer neurological issues. This resulted in several cases of hemorrhagic or ischemia infarction, which enhanced revenues in the neurology profession.Market Growth Factors
Technological evolution surging the usage of aneurysm clips
The aneurysm clips market is encountering rapid technological developments, particularly in terms of portability, and miniaturization technologies such as tipsters or clip appliers could be utilized endoscopically or laparoscopically without making substantial incisions on the body of the patient. Such technological developments will probably expand the demand for the aneurysm clips market throughout the predicted period.Rising financial assistance for innovation and embracement of surgical robots
The adoption of robotic methods for curing brain and neurological disorders is anticipated to rise because of their capability to enhance performance with accelerated recovery, offer high accuracy, and greater flexibility. Furthermore, these methods are predicted to provide superior surgical outcomes, streamline workflows and processes, and enhance the patient experience. Therefore, the developments in robotics will probably bring the latest trends in the aneurysm clips market in the upcoming years.Market Restraining Factor
Strict regulatory compliances obstruct the scope of product to enter the market
A few individuals experienced catastrophic hemorrhage due to corrosion of clips, and those who had an incompatible clip implanted died during an MR imaging session. Therefore, the American society for testing and materials committee has implemented strict regulations for measurement of clip closing forces and brain clip biocompatibility. There are also strict norms to assure bio-magnetic compatibility to prevent unfortunate occurrences and stimulate the safety of the patients. These factors are significantly responsible for obstructing the development of the aneurysm clips market over the projection period.Material Outlook
Based on material, the aneurysm clips market is segmented into titanium aneurysm clips, polymer, and others. In 2021, the titanium aneurysm clips segment dominated the aneurysm clips market with the maximum revenue share. The features of titanium aneurysm clips, like durability, inertness, lightness, non-reactivity, and high tensile strength, surge the usage of titanium aneurysm clips in removing the aneurysm. In addition, the compatibility with imaging modalities, mainly CT scans, MRI, and X-rays, and its capability to effectively secure the closure of delicate vessels during treatment makes it a preferred option as surgical equipment, thus propelling the growth of the segment.
Indication Outlook
On the basis of indication, the aneurysm clips market is fragmented into stroke, cerebral artery stenosis, cerebral aneurysm, and others. In 2021, the stroke segment held the largest revenue share in the aneurysm clips market. This is due to increasing hypertension, stroke prevalence, and several other neurological illnesses. The growth in the occurrence of stroke worldwide is because of the unhealthy lifestyle, the rise of the elderly population, and hypertension. These factors will support the development of the aneurysm clips market in the upcoming years.End-Use Outlook
By end-use, the aneurysm clips market is divided into hospitals, ambulatory surgical centers, and others. In 2021, the ambulatory surgical centers covered a considerable revenue share in the aneurysm clips market. This is due to better patient accessibility, decreased out-of-pocket expenses, and reduced facility costs. Unfortunately, most of the Asia Pacific and Middle East nations still don’t have the infrastructure or economy to set up ambulatory centers. However, these nations are working to increase ambulatory centers to reduce the burden associated with surgical operations in hospitals. These factors will increase the use of aneurysm clips in ambulatory surgical centers in the upcoming years.Regional Outlook
Region-wise, the aneurysm clips market is analysed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region dominated the aneurysm clips market with the maximum revenue share. This is attributed to the increasing occurrence of neurological disorders, rising demand for minimally, and growing elderly population are propelling the growth of the aneurysm clips market in this region. In addition, the increase in aneurysm clips demand is also supported by the rapid adoption of the latest technologies and the presence of major market players.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Stryker Corporation, Integra LifeSciences Holdings Corporation, Boston Scientific Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences), KLS Martin Group, Adeor Medical AG, and Evonos GmbH & Co.KG.
Scope of the Study
By Material
- Titanium Aneurysm Clips
- Polymer
- Others
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Others
By Indication
- Stroke
- Cerebral Artery Stenosis
- Cerebral Aneurysm
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Abbott Laboratories
- Stryker Corporation
- Integra LifeSciences Holdings Corporation
- Boston Scientific Corporation
- B. Braun Melsungen AG (Aesculap, Inc.)
- Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences)
- KLS Martin Group
- Adeor Medical AG
- Evonos GmbH & Co.KG
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Aneurysm Clips Market, by Material
1.4.2 Global Aneurysm Clips Market, by End-use
1.4.3 Global Aneurysm Clips Market, by Indication
1.4.4 Global Aneurysm Clips Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Aneurysm Clips Market by Material
3.1 Global Titanium Aneurysm Clips Market by Region
3.2 Global Polymer Market by Region
3.3 Global Others Market by Region
Chapter 4. Global Aneurysm Clips Market by End-use
4.1 Global Hospitals Market by Region
4.2 Global Ambulatory Surgical Centers Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Aneurysm Clips Market by Indication
5.1 Global Stroke Market by Region
5.2 Global Cerebral Artery Stenosis Market by Region
5.3 Global Cerebral Aneurysm Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Aneurysm Clips Market by Region
6.1 North America Aneurysm Clips Market
6.1.1 North America Aneurysm Clips Market by Material
6.1.1.1 North America Titanium Aneurysm Clips Market by Country
6.1.1.2 North America Polymer Market by Country
6.1.1.3 North America Others Market by Country
6.1.2 North America Aneurysm Clips Market by End-use
6.1.2.1 North America Hospitals Market by Country
6.1.2.2 North America Ambulatory Surgical Centers Market by Country
6.1.2.3 North America Others Market by Country
6.1.3 North America Aneurysm Clips Market by Indication
6.1.3.1 North America Stroke Market by Country
6.1.3.2 North America Cerebral Artery Stenosis Market by Country
6.1.3.3 North America Cerebral Aneurysm Market by Country
6.1.3.4 North America Others Market by Country
6.1.4 North America Aneurysm Clips Market by Country
6.1.4.1 US Aneurysm Clips Market
6.1.4.1.1 US Aneurysm Clips Market by Material
6.1.4.1.2 US Aneurysm Clips Market by End-use
6.1.4.1.3 US Aneurysm Clips Market by Indication
6.1.4.2 Canada Aneurysm Clips Market
6.1.4.2.1 Canada Aneurysm Clips Market by Material
6.1.4.2.2 Canada Aneurysm Clips Market by End-use
6.1.4.2.3 Canada Aneurysm Clips Market by Indication
6.1.4.3 Mexico Aneurysm Clips Market
6.1.4.3.1 Mexico Aneurysm Clips Market by Material
6.1.4.3.2 Mexico Aneurysm Clips Market by End-use
6.1.4.3.3 Mexico Aneurysm Clips Market by Indication
6.1.4.4 Rest of North America Aneurysm Clips Market
6.1.4.4.1 Rest of North America Aneurysm Clips Market by Material
6.1.4.4.2 Rest of North America Aneurysm Clips Market by End-use
6.1.4.4.3 Rest of North America Aneurysm Clips Market by Indication
6.2 Europe Aneurysm Clips Market
6.2.1 Europe Aneurysm Clips Market by Material
6.2.1.1 Europe Titanium Aneurysm Clips Market by Country
6.2.1.2 Europe Polymer Market by Country
6.2.1.3 Europe Others Market by Country
6.2.2 Europe Aneurysm Clips Market by End-use
6.2.2.1 Europe Hospitals Market by Country
6.2.2.2 Europe Ambulatory Surgical Centers Market by Country
6.2.2.3 Europe Others Market by Country
6.2.3 Europe Aneurysm Clips Market by Indication
6.2.3.1 Europe Stroke Market by Country
6.2.3.2 Europe Cerebral Artery Stenosis Market by Country
6.2.3.3 Europe Cerebral Aneurysm Market by Country
6.2.3.4 Europe Others Market by Country
6.2.4 Europe Aneurysm Clips Market by Country
6.2.4.1 Germany Aneurysm Clips Market
6.2.4.1.1 Germany Aneurysm Clips Market by Material
6.2.4.1.2 Germany Aneurysm Clips Market by End-use
6.2.4.1.3 Germany Aneurysm Clips Market by Indication
6.2.4.2 UK Aneurysm Clips Market
6.2.4.2.1 UK Aneurysm Clips Market by Material
6.2.4.2.2 UK Aneurysm Clips Market by End-use
6.2.4.2.3 UK Aneurysm Clips Market by Indication
6.2.4.3 France Aneurysm Clips Market
6.2.4.3.1 France Aneurysm Clips Market by Material
6.2.4.3.2 France Aneurysm Clips Market by End-use
6.2.4.3.3 France Aneurysm Clips Market by Indication
6.2.4.4 Russia Aneurysm Clips Market
6.2.4.4.1 Russia Aneurysm Clips Market by Material
6.2.4.4.2 Russia Aneurysm Clips Market by End-use
6.2.4.4.3 Russia Aneurysm Clips Market by Indication
6.2.4.5 Spain Aneurysm Clips Market
6.2.4.5.1 Spain Aneurysm Clips Market by Material
6.2.4.5.2 Spain Aneurysm Clips Market by End-use
6.2.4.5.3 Spain Aneurysm Clips Market by Indication
6.2.4.6 Italy Aneurysm Clips Market
6.2.4.6.1 Italy Aneurysm Clips Market by Material
6.2.4.6.2 Italy Aneurysm Clips Market by End-use
6.2.4.6.3 Italy Aneurysm Clips Market by Indication
6.2.4.7 Rest of Europe Aneurysm Clips Market
6.2.4.7.1 Rest of Europe Aneurysm Clips Market by Material
6.2.4.7.2 Rest of Europe Aneurysm Clips Market by End-use
6.2.4.7.3 Rest of Europe Aneurysm Clips Market by Indication
6.3 Asia Pacific Aneurysm Clips Market
6.3.1 Asia Pacific Aneurysm Clips Market by Material
6.3.1.1 Asia Pacific Titanium Aneurysm Clips Market by Country
6.3.1.2 Asia Pacific Polymer Market by Country
6.3.1.3 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Aneurysm Clips Market by End-use
6.3.2.1 Asia Pacific Hospitals Market by Country
6.3.2.2 Asia Pacific Ambulatory Surgical Centers Market by Country
6.3.2.3 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Aneurysm Clips Market by Indication
6.3.3.1 Asia Pacific Stroke Market by Country
6.3.3.2 Asia Pacific Cerebral Artery Stenosis Market by Country
6.3.3.3 Asia Pacific Cerebral Aneurysm Market by Country
6.3.3.4 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Aneurysm Clips Market by Country
6.3.4.1 China Aneurysm Clips Market
6.3.4.1.1 China Aneurysm Clips Market by Material
6.3.4.1.2 China Aneurysm Clips Market by End-use
6.3.4.1.3 China Aneurysm Clips Market by Indication
6.3.4.2 Japan Aneurysm Clips Market
6.3.4.2.1 Japan Aneurysm Clips Market by Material
6.3.4.2.2 Japan Aneurysm Clips Market by End-use
6.3.4.2.3 Japan Aneurysm Clips Market by Indication
6.3.4.3 India Aneurysm Clips Market
6.3.4.3.1 India Aneurysm Clips Market by Material
6.3.4.3.2 India Aneurysm Clips Market by End-use
6.3.4.3.3 India Aneurysm Clips Market by Indication
6.3.4.4 South Korea Aneurysm Clips Market
6.3.4.4.1 South Korea Aneurysm Clips Market by Material
6.3.4.4.2 South Korea Aneurysm Clips Market by End-use
6.3.4.4.3 South Korea Aneurysm Clips Market by Indication
6.3.4.5 Singapore Aneurysm Clips Market
6.3.4.5.1 Singapore Aneurysm Clips Market by Material
6.3.4.5.2 Singapore Aneurysm Clips Market by End-use
6.3.4.5.3 Singapore Aneurysm Clips Market by Indication
6.3.4.6 Malaysia Aneurysm Clips Market
6.3.4.6.1 Malaysia Aneurysm Clips Market by Material
6.3.4.6.2 Malaysia Aneurysm Clips Market by End-use
6.3.4.6.3 Malaysia Aneurysm Clips Market by Indication
6.3.4.7 Rest of Asia Pacific Aneurysm Clips Market
6.3.4.7.1 Rest of Asia Pacific Aneurysm Clips Market by Material
6.3.4.7.2 Rest of Asia Pacific Aneurysm Clips Market by End-use
6.3.4.7.3 Rest of Asia Pacific Aneurysm Clips Market by Indication
6.4 LAMEA Aneurysm Clips Market
6.4.1 LAMEA Aneurysm Clips Market by Material
6.4.1.1 LAMEA Titanium Aneurysm Clips Market by Country
6.4.1.2 LAMEA Polymer Market by Country
6.4.1.3 LAMEA Others Market by Country
6.4.2 LAMEA Aneurysm Clips Market by End-use
6.4.2.1 LAMEA Hospitals Market by Country
6.4.2.2 LAMEA Ambulatory Surgical Centers Market by Country
6.4.2.3 LAMEA Others Market by Country
6.4.3 LAMEA Aneurysm Clips Market by Indication
6.4.3.1 LAMEA Stroke Market by Country
6.4.3.2 LAMEA Cerebral Artery Stenosis Market by Country
6.4.3.3 LAMEA Cerebral Aneurysm Market by Country
6.4.3.4 LAMEA Others Market by Country
6.4.4 LAMEA Aneurysm Clips Market by Country
6.4.4.1 Brazil Aneurysm Clips Market
6.4.4.1.1 Brazil Aneurysm Clips Market by Material
6.4.4.1.2 Brazil Aneurysm Clips Market by End-use
6.4.4.1.3 Brazil Aneurysm Clips Market by Indication
6.4.4.2 Argentina Aneurysm Clips Market
6.4.4.2.1 Argentina Aneurysm Clips Market by Material
6.4.4.2.2 Argentina Aneurysm Clips Market by End-use
6.4.4.2.3 Argentina Aneurysm Clips Market by Indication
6.4.4.3 UAE Aneurysm Clips Market
6.4.4.3.1 UAE Aneurysm Clips Market by Material
6.4.4.3.2 UAE Aneurysm Clips Market by End-use
6.4.4.3.3 UAE Aneurysm Clips Market by Indication
6.4.4.4 Saudi Arabia Aneurysm Clips Market
6.4.4.4.1 Saudi Arabia Aneurysm Clips Market by Material
6.4.4.4.2 Saudi Arabia Aneurysm Clips Market by End-use
6.4.4.4.3 Saudi Arabia Aneurysm Clips Market by Indication
6.4.4.5 South Africa Aneurysm Clips Market
6.4.4.5.1 South Africa Aneurysm Clips Market by Material
6.4.4.5.2 South Africa Aneurysm Clips Market by End-use
6.4.4.5.3 South Africa Aneurysm Clips Market by Indication
6.4.4.6 Nigeria Aneurysm Clips Market
6.4.4.6.1 Nigeria Aneurysm Clips Market by Material
6.4.4.6.2 Nigeria Aneurysm Clips Market by End-use
6.4.4.6.3 Nigeria Aneurysm Clips Market by Indication
6.4.4.7 Rest of LAMEA Aneurysm Clips Market
6.4.4.7.1 Rest of LAMEA Aneurysm Clips Market by Material
6.4.4.7.2 Rest of LAMEA Aneurysm Clips Market by End-use
6.4.4.7.3 Rest of LAMEA Aneurysm Clips Market by Indication
Chapter 7. Company Profiles
7.1 Medtronic PLC
7.1.1 Company overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Abbott Laboratories
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Stryker Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Integra LifeSciences Holdings Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental & Regional Analysis
7.4.4 Research & Development Expenses
7.5 Boston Scientific Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 B. Braun Melsungen AG (Aesculap, Inc.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 KLS Martin Group
7.8.1 Company Overview
7.9 Adeor Medical AG
7.9.1 Company Overview
7.10. Evonos GmbH & Co. KG
7.10.1 Company Overview
Companies Mentioned
- Medtronic PLC
- Abbott Laboratories
- Stryker Corporation
- Integra LifeSciences Holdings Corporation
- Boston Scientific Corporation
- B. Braun Melsungen AG (Aesculap, Inc.)
- Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences)
- KLS Martin Group
- Adeor Medical AG
- Evonos GmbH & Co.KG
Methodology
LOADING...
