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Intracranial Aneurysm Market Size

  • Report ID: GMI7061
  • Published Date: Oct 2023
  • Report Format: PDF

Intracranial Aneurysm Market Size

Intracranial Aneurysm Market size was valued at USD 1.2 billion in 2022 and is estimated to reach USD 2.7 billion by 2032. The global aging population is a significant driver for the market.

 

Intracranial Aneurysm Market

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Aneurysms are more common in older individuals, and as the population ages, there is a higher prevalence of this condition. For instance, according to a recent United Nations (UN) research, the number of people aged 65 and over globally is predicted to treble over the next three decades. The senior population is expected to reach 1.6 billion by 2050, accounting for more than 16% of the worldwide population. Older patients are more likely to require diagnosis and treatment for intracranial aneurysms.
 

Moreover, technological advancement in the field of neurovascular interventions is growing. These advancements include the development of innovative neurovascular devices, imaging techniques, and minimally invasive procedures. Advanced devices and techniques have improved the accuracy of diagnosis and the effectiveness of treatment, resulting in better outcomes for patients, contributing to market progress.
 

Intracranial aneurysm is a medical condition characterized by a localized, abnormal bulging or ballooning in the wall of a blood vessel within the brain. This bulging occurs due to a weakening in the blood vessel wall, and it can cause a potentially life-threatening situation if the aneurysm ruptures.
 

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global intracranial aneurysm industry was valued at USD 1.2 billion in 2022 and is estimated to reach USD 2.7 billion by 2032, backed by the global aging population.

The endovascular coiling segment garnered USD 854.7 million in 2022 and will keep growing as this treatment is a less invasive alternative to traditional surgical clipping, alongside is associated with better patient outcomes in certain cases.

North America intracranial aneurysm market accounted for USD 433.8 million in 2022 and is predicted to witness substantial growth as the region has a significant burden of intracranial aneurysms, partly due to lifestyle factors like smoking and hypertension.

Medtronic, Stryker, MicroPort Scientific Corporation, Johnson & Johnson Services, Inc., MicroVention Inc., Integra LifeSciences, and B. Braun Melsungen AG among others.

Intracranial Aneurysm Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 162
  • Countries covered: 25
  • Pages: 100
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