Intracranial Aneurysm Market: size was valued at USD 1.2 Bn. in 2021 and the total Intracranial Aneurysm revenue is expected to grow by 9.5 % from 2022 to 2029, reaching nearly USD 2.5 Bn.
Intracranial Aneurysm Market Overview:
The Intracranial Aneurysm Market competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization's focus on the Intracranial Aneurysm market.
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Intracranial Aneurysm Market Dynamic:
The cerebral blood vessels frequently experience aneurysms. The prevalence was reported to be 0.4% in retrospective and 3.6% in prospective autopsy studies, and 3.7% and 6.0% in retrospective and prospective angiographic studies, respectively, in a recent systematic review that gathered data from many different countries. The retrospective autopsy studies' true prevalence is probably underestimated because they were unable to review the original data, whereas the angiographic studies probably overestimate it due to selection bias. The circle of Willis is the location of 85% of saccular aneurysms of the cerebral vasculature. 30% of patients experience multiple aneurysms. The majority are minor and asymptomatic, but every year in the United States, 30,000 people experience a rupture, with a peak in the sixth decade. A parenchymal hemorrhage from an intracranial aneurysm or, more frequently, a subarachnoid hemorrhage from one that bleeds into the subarachnoid space result from the rupture of an intracranial aneurysm.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Intracranial Aneurysm Market Segmentation:
Based on Type, The endovascular coiling segment dominated the intracranial aneurysm market, accounting for 88.1% of revenue in 2021. It is a minimally invasive procedure that employs a catheter to locate an aneurysm in the brain. The catheter is inserted from the groin area into the aneurysm-prone artery. Coils or liquids that induce embolization are used to prevent blood flow into the aneurysm. Endovascular coiling has several advantages over surgical clipping procedures, including easier access to the vertebrobasilar system and multiple aneurysms in the distant area, and a shorter recovery time. As a result, the advantages provided by the endovascular coiling technique are propelling the segment forward.
Intracranial Aneurysm Market Key Players:
• B. Braun Melsungen AG
• MicroPort Scientific Corporation
• Terumo Corporation
• Integra LifeSciences Corporation
• Johnson & Johnson
• RAUMEDIC AG
• Microvention Inc.
• Codman Neuro (Integra Lifesciences)
• AbbVie Inc.
• Amneal Pharmaceuticals Inc.
• Boehringer Ingelheim International GmbH
• F. Hoffmann-La Roche Ltd
• Merck & Co. Inc.
• Novartis AG
• Pfizer Inc.
• Teva Pharmaceutical
• UCB SA
• Biogen Inc.
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Intracranial Aneurysm market-
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter's five forces analysis, and case studies.
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COVID-19 Impact Analysis on Intracranial Aneurysm Market: Furthermore, the research assesses the impact of COVID-19 on the Intracranial Aneurysm market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Intracranial Aneurysm Market. The report focuses on market share and size, clearly demonstrating the pandemic's influence on the worldwide Intracranial Aneurysm Market in the next years.
Key Questions Answered in the Intracranial Aneurysm Market Report are:
- What will be the Intracranial Aneurysm market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Intracranial Aneurysm industry?
- Who are the key players in the Intracranial Aneurysm market?
- What important trends in the Intracranial Aneurysm industry are anticipated to develop throughout the forecast period?
- How big will the Intracranial Aneurysm market be in 2027?
- In 2020, which business segment had the highest proportion of the Intracranial Aneurysm market?
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