Global Aneurysm Clip Market Overview:
As per MRFR analysis, the Aneurysm Clip Market Size was estimated at 1.4 (USD Billion) in 2022. The Aneurysm Clip Market is expected to grow from 1.45 (USD Billion) in 2023 to 1.97 (USD Billion) by 2032. The Aneurysm Clip Market CAGR (growth rate) is expected to be around 3.5% during the forecast period (2024 - 2032).
Key Aneurysm Clip Market Trends Highlighted
The Aneurysm Clip Market is experiencing significant developments, driven by technological advancements and an increasing prevalence of aneurysms worldwide.
Key market drivers include the rising geriatric population, growing awareness of aneurysm risks, and advancements in surgical techniques.
Opportunities exist in the development of minimally invasive procedures, 3D printing technologies, and biodegradable materials.
Recent trends include a shift towards endovascular treatments, increased use of robotic surgery, and the integration of artificial intelligence in diagnosis and treatment planning.
Market players are focusing on innovation and strategic partnerships to gain competitive advantage.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aneurysm Clip Market Drivers
Rising Prevalence of Cerebral Aneurysms
Cerebral aneurysms are a major health concern, affecting millions of people worldwide. They are weakened areas in the walls of brain arteries that can bulge and rupture, leading to life-threatening conditions such as subarachnoid hemorrhage (SAH).
The rising prevalence of cerebral aneurysms is a key driver of the Aneurysm Clip Market. Factors contributing to this increase include the aging population, rising incidence of hypertension, and improved diagnostic techniques.
As the number of individuals with cerebral aneurysms grows, the demand for effective treatment options, including aneurysm clips, is expected to surge.
Technological Advancements in Aneurysm Clip Design
The Aneurysm Clip Market is driven by continuous technological advancements in aneurysm clip design. Leading manufacturers are investing heavily in research and development to create more efficient, safer, and user-friendly aneurysm clips.
These innovations include the development of low-profile clips with atraumatic tips, fenestrated clips for complex aneurysms, and clips with improved visualization capabilities.
As technology continues to advance, the performance and outcomes of aneurysm clipping procedures are expected to improve, further fueling the growth of the market.
Increasing Adoption of Minimally Invasive Surgical Techniques
The shift towards minimally invasive surgical techniques is another major driver of the Aneurysm Clip Market. Endoscopic and endovascular procedures are becoming increasingly popular as they offer less invasive alternatives to traditional open surgery.
These techniques involve the use of smaller incisions and specialized instruments to access and treat aneurysms. Aneurysm clips play a crucial role in these procedures, providing a secure and reliable method for occluding aneurysms.
As minimally invasive techniques gain wider acceptance, the demand for aneurysm clips specifically designed for these procedures is anticipated to rise.
Aneurysm Clip Market Segment Insights:
Aneurysm Clip Market Aneurysm Type Insights
The Aneurysm Clip Market segmentation by Aneurysm Type offers valuable insights into the market dynamics and growth potential of different aneurysm types. The market is primarily segmented into three major categories: Saccular Aneurysms, Fusiform Aneurysms, and Dissecting Aneurysms.
Saccular Aneurysms, often referred to as berry aneurysms, account for the largest share of the Aneurysm Clip Market revenue.
These aneurysms are characterized by their round, sac-like shape and are typically located at branch points of arteries in the brain.
The high prevalence of saccular aneurysms contributes to their significant market share. Fusiform Aneurysms, on the other hand, are elongated, spindle-shaped aneurysms that occur along the length of an artery. They are less common than saccular aneurysms and often develop due to underlying conditions such as atherosclerosis or connective tissue disorders.
Despite their lower prevalence, fusiform aneurysms represent a growing segment of the market as research and development efforts focus on improving treatment options for these complex aneurysms.
Dissecting Aneurysms, the least common type among the three, are characterized by a tear or dissection in the layers of an artery wall. These aneurysms can be life-threatening and require prompt medical intervention.
The Aneurysm Clip Market for dissecting aneurysms is expected to witness steady growth as advancements in diagnostic techniques and surgical procedures improve patient outcomes.
Overall, the Aneurysm Clip Market segmentation by Aneurysm Type provides granular insights into the market growth and allows key players to tailor their strategies to cater to the specific needs of each aneurysm type.
As the market continues to evolve, understanding these segments will be crucial for stakeholders seeking to capitalize on opportunities and drive growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aneurysm Clip Market Endovascular Approach Insights
The endovascular approach segment is a significant part of the Aneurysm Clip Market. It held a market share of around 45% in 2023 and is projected to grow at a CAGR of 4% during the forecast period (2024-2032).
Endoscopic coiling, stenting, flow-diverting stents, and aneurysm clips are the primary techniques used in the endovascular approach. Among these, endoscopic coiling accounted for the largest share in 2023, owing to its wide adoption in treating ruptured and unruptured aneurysms. Stenting and flow-diverting stents are also gaining popularity due to their ability to provide better outcomes in complex cases.
The increasing prevalence of aneurysms and technological advancements in endovascular devices are major factors driving the growth of this segment.
Aneurysm Clip Market Clip Type Insights
The Aneurysm Clip Market is segmented by Clip Type into Non-Fenestrated Clips, Fenestrated Clips, Asymmetric Clips, Bifurcated Clips, and Pipeline Embolization Device. Among these, the Non-Fenestrated Clips segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period.
The growth of this segment can be attributed to the increasing adoption of these clips for treating wide-neck aneurysms. Fenestrated Clips are expected to witness the fastest growth during the forecast period, owing to their ability to provide better outcomes in complex aneurysm cases.
The Pipeline Embolization Device segment is also expected to grow significantly, driven by the increasing number of minimally invasive procedures being performed worldwide.
Aneurysm Clip Market Material Insights
The Material segment of the Aneurysm Clip Market is expected to witness significant growth in the coming years, driven by rising demand for advanced and biocompatible materials in aneurysm clip manufacturing.
Titanium is projected to account for a major share of the market, owing to its excellent strength-to-weight ratio, corrosion resistance, and biocompatibility. Nitinol is another promising material, gaining popularity due to its shape memory properties and ability to conform to complex anatomical structures. Stainless steel, with its high strength and durability, is also widely used in aneurysm clip production.
Polymer-based materials, such as PEEK (polyetheretherketone), are emerging as alternatives to metallic materials, offering advantages like lightweight, flexibility, and radiolucency. The increasing adoption of minimally invasive surgical techniques is further fueling the demand for biocompatible and low-profile materials for aneurysm clip design.
Aneurysm Clip Market Application Insights
Intracranial aneurysms accounted for the largest revenue share in the Aneurysm Clip Market in 2023, and this trend is expected to continue over the forecast period. The high prevalence of intracranial aneurysms, coupled with the increasing number of minimally invasive procedures, is driving the growth of this segment.
Extracranial aneurysms are the second most common type of aneurysm, and they are most commonly found in the carotid and vertebral arteries. The growth of the extracranial aneurysms segment is being driven by the increasing number of diagnostic imaging procedures and the development of new endovascular devices.
Carotid aneurysms are the most common type of extracranial aneurysm, and they account for a significant proportion of the Aneurysm Clip Market revenue. Vertebral aneurysms are less common than carotid aneurysms, but they can be more difficult to treat.
Basilar aneurysms are the least common type of aneurysm, and they are typically located at the base of the brain. The treatment of basilar aneurysms is complex and challenging, and it often requires a combination of surgical and endovascular techniques.
Aneurysm Clip Market Regional Insights
The regional segmentation of the Aneurysm Clip Market offers insights into the performance of the market across different geographies. North America holds a significant share of the market, owing to the presence of a large patient population, advanced healthcare infrastructure, and high disposable income.
Europe follows closely, driven by increasing awareness about aneurysm treatments and a growing geriatric population. The APAC region is projected to witness substantial growth over the forecast period due to rising healthcare spending and increasing prevalence of aneurysms.
South America and MEA are expected to contribute moderately to the overall Aneurysm Clip Market revenue, with MEA showing potential for growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aneurysm Clip Market Key Players and Competitive Insights:
Major players in the Aneurysm Clip Market are constantly engaging in research and development activities to introduce advanced products and technologies. Leading Aneurysm Clip Market players are focusing on developing innovative aneurysm clips with improved functionality and safety features.
The Aneurysm Clip Market development is driven by the rising prevalence of cerebrovascular diseases and the increasing adoption of minimally invasive surgical techniques. The competitive landscape of the Aneurysm Clip Market is characterized by the presence of a few dominant players and a number of smaller regional and local players.
Stryker, a leading company in the Aneurysm Clip Market, offers a comprehensive portfolio of aneurysm clips designed to meet the specific needs of neurosurgeons. The company's aneurysm clips are known for their high-quality construction, precision engineering, and reliable performance.
Stryker also provides a range of educational and training programs to support neurosurgeons in the use of its products. The company's commitment to innovation and customer satisfaction has made it a trusted partner for neurosurgeons worldwide.
Medtronic, a major competitor in the Aneurysm Clip Market, is another leading provider of aneurysm clips. The company's aneurysm clips are designed to provide secure and durable closure of cerebral aneurysms.
Medtronic also offers a range of complementary products, such as intracranial stents and coils, to provide a comprehensive solution for the treatment of cerebrovascular diseases. The company's strong distribution network and presence enable it to reach a wide range of customers.
Medtronic's focus on research and development has resulted in the introduction of innovative aneurysm clips that meet the evolving needs of neurosurgeons.
Key Companies in the Aneurysm Clip Market Include:
- Johnson Johnson Services, Inc.
- Cebus Medical B.V.
- PANDAI, INC.
- Braun Melsungen AG
- Sequent Medical, Inc.
- Medtronic plc
- VasSol, Inc.
- Integra Lifesciences Holdings Corporation
- Chestnut Medical Technologies, Inc.
- Henan Apa Medical Technology Co., Ltd.
- Balt Extrusion
- Terumo Corporation
- Stryker Corporation
- MicroPort Scientific Corporation
Aneurysm Clip Market Developments
The rising prevalence of brain aneurysms, increasing adoption of minimally invasive surgical techniques, and growing awareness about aneurysm treatment options are driving market growth. Key players in the market include Johnson Johnson, Medtronic, Teleflex, and Stryker.
Recent developments include the launch of innovative aneurysm clips with improved designs and materials, as well as the expansion of clinical trials evaluating the efficacy and safety of these devices.
Aneurysm Clip Market Segmentation Insights
- Aneurysm Clip Market Aneurysm Type Outlook
- Saccular Aneurysms
- Fusiform Aneurysms
- Dissecting Aneurysms
- Aneurysm Clip Market Endovascular Approach Outlook
- Endoscopic Coiling
- Stenting
- Flow-Diverting Stents
- Aneurysm Clip
- Aneurysm Clip Market Clip Type Outlook
- Non-Fenestrated Clips
- Fenestrated Clips
- Asymmetric Clips
- Bifurcated Clips
- Pipeline Embolization Device
- Aneurysm Clip Market Material Outlook
- Titanium
- Nitinol
- Stainless Steel
- Polymer
- Aneurysm Clip Market Application Outlook
- Intracranial Aneurysms
- Extracranial Aneurysms
- Carotid Aneurysms
- Vertebral Aneurysms
- Basilar Aneurysms
- Aneurysm Clip Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.4(USD Billion) |
| Market Size 2023 |
1.45(USD Billion) |
| Market Size 2032 |
1.97(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.5% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Johnson Johnson Services, Inc., Cebus Medical B.V., PANDAI, INC., B. Braun Melsungen AG, Sequent Medical, Inc., Medtronic plc, VasSol, Inc., Integra Lifesciences Holdings Corporation, Chestnut Medical Technologies, Inc., Henan Apa Medical Technology Co., Ltd., Balt Extrusion, Terumo Corporation, Stryker Corporation, MicroPort Scientific Corporation |
| Segments Covered |
Aneurysm Type, Endovascular Approach, Clip Type, Material, Application, Regional |
| Key Market Opportunities |
Growing demand for minimally invasive procedures Technological advancements in the development of novel aneurysm clips Increasing prevalence of cerebral aneurysms Rising number of neurosurgical procedures Expanding applications in endovascular aneurysm repair |
| Key Market Dynamics |
Increasing prevalence of aneurysms, technological advancements, growing adoption of minimally invasive procedures, rising healthcare expenditure, and increasing geriatric population |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Aneurysm Clip Market reached USD 1.45 billion in 2023.
The Aneurysm Clip Market is expected to reach USD 1.97 billion by 2032.
The Aneurysm Clip Market is expected to grow at a CAGR of 3.5% from 2024 to 2032.
North America is expected to have the largest market share in the Aneurysm Clip Market in 2032.
Brain Aneurysm is expected to have the largest market share in the Aneurysm Clip Market in 2032.
Some of the key competitors in the Aneurysm Clip Market include Johnson Johnson, Medtronic, Stryker, and B. Braun.
The key factors driving the growth of the Aneurysm Clip Market include increasing prevalence of aneurysms, growing demand for minimally invasive procedures, and technological advancements.
The key challenges facing the Aneurysm Clip Market include high cost of devices, reimbursement issues, and competition from alternative treatment options.
The key opportunities for the Aneurysm Clip Market include expanding reimbursement coverage, technological advancements, and growing demand from emerging markets.
The key trends in the Aneurysm Clip Market include increasing adoption of minimally invasive procedures, development of new and innovative devices, and growing focus on patient outcomes.
