The value of the worldwide market for aneurysm clips was estimated at USD 72 million in 2021. Assuming an 8.2 percent compound annual growth rate (CAGR) between 2023 and 2033, AMR Group projects that the market would reach US$ 120 million by 2031.

The main factors anticipated to impact the growth of the aneurysm clips market are the increasing number of laparoscopic surgical procedures and the use of practical materials, such as stainless steel alloys like titanium and cobalt, in aneurysm clips. The market is also anticipated to be driven by the growing number of older people, the rising adoption of unhealthy lifestyles, and an increase in intracranial aneurysm ruptures.

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Aneurysm Clips Market Key Players

  • Medtronic
  • Stryker
  • MicroVention Terumo
  • B. Braun Melsungen AG
  • KLS Martin Group

Latest Trend

Numerous developments that are impacting the industrial environment are being seen in the aneurysm clips market. The most notable shift has been the greater use of contemporary imaging methods, such as 3D rotational angiography and CT angiography, which offer accurate aneurysm clipping surgery planning and diagnosis. The growing need for customized aneurysm clips that are matched to each patient's unique anatomical features in order to enhance surgical outcomes and lower the risk of complications, is another significant development.

The development of hybrid methods that combine surgical clipping with endovascular coiling techniques is being encouraged by the move toward less invasive therapies for aneurysms, such as endovascular coiling. The market is anticipated to grow as a result of the introduction of new competitors and expanded R&D activities to provide cutting-edge aneurysm clips. Additionally, the market for aneurysm clips may see new opportunities due to the growing usage of telemedicine and remote monitoring technology for postoperative care.

Driving Factor

The growing number of cerebral aneurysm instances and the growing number of surgical procedures carried out to treat the condition are the main factors driving the aneurysm clip market. The occurrence of cerebral aneurysms is on the rise due to a number of variables, including an aging population, shifting lifestyles, and an increase in risk factors including smoking and high blood pressure. Consequently, there is a rise in the need for aneurysm therapy techniques such as cutting.

The development of specialized microsurgical instruments and imaging technologies, among other technological advances in aneurysm clipping procedures and tools, has also fueled market expansion by enabling surgeons to carry out more accurate and minimally invasive procedures that lead to better patient outcomes and quicker recovery periods. Additionally, the market is expanding because to growing healthcare expenses, better healthcare infrastructure, and greater awareness of aneurysm treatment options in developing countries.

Growth  Opportunity

The market for aneurysm clips has significant potential because of advancements in technology and the rise in brain aneurysms. In order to fulfill rising demand, improved aneurysm clips, including those made of shape-memory alloys, are frequently developed with the goal of enhancing surgical outcomes and lowering the risk of complications.

Additionally, there are great opportunities for market organizations to expand their operations due to growing healthcare expenses and government initiatives to build healthcare infrastructure in emerging nations. Additionally, it is anticipated that the growing use of less invasive aneurysm treatment methods, such as hybrid endovascular and surgical techniques, would increase demand for aneurysm clips. Given the aging population and rising rates of cerebral aneurysms, the market for aneurysm clips is anticipated to grow rapidly in the coming years.

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