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Asia-Pacific Cerebral Aneurysm Clips Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material Type, Indication, Condition, and End User

Asia-Pacific Cerebral Aneurysm Clips Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material Type, Indication, Condition, and End User

  • November 2022
  • 127 pages
  • ID: 6368835
  • Format: PDF
  • The Insight Partners

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The cerebral aneurysm clips market in Asia Pacific is expected to grow from US$ 15.2 million in 2022 to US$ 22.9 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

Surge in Geriatric Population

Cerebral aneurysms are common among the elderly population, making the need for non-invasive vascular imaging more evident.Inconsistencies in life expectancy, cognitive dysfunction, vasculopathy, comorbidities, and rupture risks associated with heterogenous endovascular and surgical treatments contribute to a surge in the use of cerebral aneurysm clips.

Inagawa et al . from Shimane Prefectural Central Hospital, Izumo, Japan, examined 10,259 autopsies performed in New York. They found the incidence of unruptured cerebral aneurysms highest in patients over 60 years, with a peak prevalence of 1.2% in people 70 and above. Iwamoto et al. , Kyushu University, Fukuoka, Japan, assessed 1,230 autopsies in Japan, reporting an overall increased prevalence of unruptured aneurysms with advancing age in women, with a peak prevalence of 14.5% in Japanese women of age 60–69 years. When reviewing magnetic resonance angiography studies in 8,696 asymptomatic Japanese adults, Harada et al. identified unruptured cerebral aneurysms in 3.2% of cases, and the prevalence increased with age in both men and women.

Many potential studies have assessed the occurrence of aneurysm rupture and its connection with old age. The overall risk of rupture per patient-year risk in the general population is 0.6–1.3%. Additional pertinent risk factors include a history of SAH, hypertension, smoking, multiple aneurysms, and irregular morphology in the geriatric population. Some studies state that aneurysm size may be related to patient age. The Unruptured Cerebral Aneurysm Study of Japan (UCAS Japan) evaluated 6,697 cerebral aneurysms; 39.7% of patients aged 80 years and above had a size of 7 mm, or larger aneurysms were found in 21.4% of patients of age 50–59 years.

Therefore, the ideal management of cerebral aneurysms in elderly patients provides scope for further developments and advanced care.Management is currently individualized, requiring precise knowledge of natural history and risk of rupture that must be weighed against an individual’s comorbidities, life expectancy, treatment-related risks, and success possibilities.

Thus, with the growing elderly population having a greater prevalence of aneurysms, companies in the cerebral aneurysms market will likely grab significant growth opportunities in the coming years.

Market Overview

APAC is the fastest-growing regional market for cerebral aneurysm clips.The Asia Pacific cerebral aneurysm clips market is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC.

Asia Pacific held a market share of 26.51% in 2021 owing to the emerging market players in APAC countries, growing prevalence of cerebral aneurysm requiring surgical procedures, growing demand for clips, and rising government support. China is among the most populated countries in the world, and it is a country that has the maximum number of patients living with neurological disorders. As per the study published in the National Center for Biotechnology Information, the prevalence of unruptured intracranial aneurysm (UIA) is as high as 7% among 35–75-year-old individuals in China. High blood pressure, smoking, diet, alcohol consumption, physical inactivity, and environmental factors also increase the risk of cerebral aneurysms. As per the Tobacco Atlas, smoking is obnoxiously prevalent in China, and its smoking population accounts for more than 40% of the total smoking population globally. Intracranial saccular aneurysms are rapidly being detected in clinical practice in parallel with the increasing frequency of performing computed tomography (CT) and magnetic resonance imaging (MRI). Moreover, increasing number of neurosurgical procedures involving the placement of clips for treating brain aneurysms is another factor boosting the market expansion.

Asia Pacific Cerebral Aneurysm Clips Market Revenue and Forecast to 2028 (US$ Thousand)

Asia Pacific Cerebral Aneurysm Clips Market Segmentation

The Asia Pacific cerebral aneurysm clips market is segmented into material type, indication, condition, and end user.Based on material type, the Asia Pacific cerebral aneurysm clips market is segmented into pure titanium and titanium-based alloys, cobalt–chromium-based alloys, phynox, and others.

The pure titanium and titanium-based alloys segment is anticipated to hold the largest market share in 2022.

By indication, the Asia Pacific cerebral aneurysm clips market is categorized into saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. The saccular aneurysm segment is anticipated to hold the largest market share in 2022.

In terms of condition, the Asia Pacific cerebral aneurysm clips market is divided into unruptured aneurysm and ruptured aneurysm. The unruptured aneurysm segment is anticipated to hold a larger market share in 2022.

From end user point of reference, the Asia Pacific cerebral aneurysm clips market is segmented into hospitals, neurology centers, ambulatory surgical centers, and others. The hospitals segment is anticipated to hold the largest market share in 2022.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, UK, and the Rest of Asia Pacific. The Rest of Asia Pacific is anticipated to hold the largest market share in 2022. adeor medical AG; B. Braun Melsungen AG; Integra LifeSciences; KLS Martin Group; Mizuho Medical Co, Ltd; Ortho-Medical GmbH; and Peter Lazic GmbH are among the leading companies operating in the cerebral aneurysm clips market in the region.

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