The Aneurysm Clips Market Is On Continuous Rise Due to the Increasing Incidences of Aneurysm

 

A brain aneurysm, also known as an intracranial aneurysm or cerebral aneurysm, is a weak bulging spot on the wall of a brain artery. Aneurysm can leak or rupture, causing bleeding into the brain (hemorrhagic stroke). Fusiform and saccular are the two most recognized types of aneurysms, while blister, pseudo, and mycotic are the rarer types of aneurysms. Aneurysm clips are used to treat brain aneurysms. The goal of aneurysm clips is to prevent blood from entering into the aneurysm sac and reduce bleeding risk. The clip remains in place for life. Majority of the patients choose aneurysm clips as they successfully resolves the aneurysm, as well as reduce the risk of redeveloping

The growth of the aneurysm clips market is mainly driven by the increasing prevalence of aneurysm worldwide. For instance, according brain aneurysm foundation, around 6.5 million people (or 1 in 50 people) in the United States have an unruptured brain aneurysm. The annual rate of rupture is approximately 8-10 per 100,000 people. Moreover, each year, around 30,000 Americans suffer a brain aneurysm rupture. A brain aneurysm ruptures every 18 minutes. Thus, with the increasing prevalence, the demand for aneurysm clips is also increasing. This in turn is expected to augment the growth of the aneurysm clips market.

In December 2020, Terumo Corp. launched the WEB Embolization System, an intravascular aneurysm treatment device, in Japan. Terumo will now provide new treatment options for brain aneurysm cases that were difficult to treat in currently approved methods. Furthermore, in May 2019, Stryker received the United States Food and Drug Administration (FDA) approval for a stent and coil system for the treatment of wide-neck intracranial aneurysms. In 2018, the company also received FDA approval for a flow diverter that treats unruptured aneurysms by directing blood flow away from the aneurysm sac. This in turn is expected to propel the aneurysm clips market growth.

The aneurysm clips market, in North America, is witnessing substantial growth due to the increasing incidences of aneurysms in the region. For instance, according to the Centers for Disease Control and Prevention (CDC), each year, aortic aneurysms contribute to more than 25,000 deaths in the U.S. Aortic aneurysms can dissect or rupture. The force of blood pumping can split the layers of the artery wall, allowing blood to leak in between them. Thus, there is an increasing demand for aneurysm clips in North America, especially in the U.S.