The Global Intracranial Aneurysm Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 8.5% CAGR during the forecast period.
The Asia Pacific region is experiencing significant demographic changes, including population growth, aging, and urbanization. As the population ages, the prevalence of these aneurysms, which increases with age, is also rising. Consequently, the Asia pacific region would acquire nearly 25% of the total market share by 2030. Moreover, rapid urbanization and lifestyle changes contribute to the adoption of risk factors such as smoking, hypertension, and unhealthy diet, further fueling the incidence of these aneurysms in the region.
Increased awareness about the signs, symptoms, and risk factors associated with these aneurysms encourages individuals to seek medical attention and undergo screening tests for early detection and diagnosis. Moreover, public health campaigns, educational programs, and advocacy efforts raise awareness among healthcare professionals, policymakers, and the general population about these aneurysm screening, risk reduction strategies, and early intervention options. Therefore, rising awareness and screening programs are propelling the market's growth. Additionally, risk factors such as hypertension, smoking, atherosclerosis, and certain genetic conditions contribute to the development and progression of these aneurysms. As the prevalence of these risk factors rises globally, the incidence of these aneurysms also increases, leading to a greater demand for diagnostic, preventive, and treatment services. Additionally, the global demographic shift towards an aging population further amplifies the prevalence of risk factors for these aneurysms. Advanced age is associated with an increased likelihood of developing hypertension, atherosclerosis, and other cardiovascular risk factors that predispose individuals to aneurysm formation. Hence, the rising prevalence of risk factors propels the market's growth.
However, the scarcity of neuro-interventional specialists, including interventional neuroradiologists and neurosurgeons trained in neurovascular procedures, restricts access to specialized diagnostic and treatment services for patients with these aneurysms. Moreover, the high demand for neuro-interventional services coupled with a limited number of specialists may result in long wait times, appointment delays, and extended time intervals between initial evaluation, diagnosis, and treatment initiation for patients with these aneurysms. Therefore, a shortage of neuro-interventional specialists is hampering the growth of the market.
Moreover, During the height of the pandemic, many healthcare facilities worldwide experienced disruptions in routine services, including elective surgeries and non-emergency procedures. As a result, patients with these aneurysms faced delays in diagnosis, treatment, and follow-up care, potentially leading to adverse outcomes and increased disease burden. Furthermore, fear of contracting COVID-19 and concerns about potential exposure in healthcare settings led many patients to delay or avoid seeking medical care, including evaluation and treatment for these aneurysms. Thus, the COVID-19 pandemic had a negative impact on the market.
By End-use Analysis
On the basis of end-use, the market is segmented into hospitals, clinics, and others. In 2022, the clinics segment procured a remarkable revenue share in the market. Clinics provide convenient access to specialized care for patients with these aneurysms, particularly those seeking routine follow-up visits, diagnostic evaluations, and non-emergent consultations. Located in community settings and outpatient facilities, clinics offer shorter wait times, flexible scheduling, and closer proximity to patients' homes, making them an attractive option for individuals seeking timely and accessible healthcare services.
By Type Analysis
Based on type, the market is divided into surgical clipping, endovascular coiling, flow diverters, and others. The flow diverters segment recorded the largest revenue share in the market in 2022. Flow diverters are highly effective in treating complex and wide-necked aneurysms. By diverting blood flow from the aneurysm sac, flow diverters promote thrombosis and subsequent occlusion, reducing the risk of rupture and long-term complications. Furthermore, flow diverters can treat a wide range of these aneurysms, including complex, fusiform, and large or giant ones in challenging anatomical locations.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed the maximum revenue share in the market in 2022. North America has a relatively high prevalence of these aneurysms compared to other regions. Increased awareness among healthcare providers and the general population about the aneurysms' risk factors, symptoms, and consequences has led to more frequent diagnosis and treatment, driving demand for related medical services and interventions.
List of Key Companies Profiled
- Medtronic PLC
- Stryker Corporation
- MicroPort Scientific Corporation
- Johnson & Johnson
- MicroVention, Inc. (Terumo Corporation)
- B. Braun Melsungen AG
- Integra LifeSciences Holdings Corporation
- Delta Surgical
- Penumbra, Inc.
Global Intracranial Aneurysm Market Report Segmentation
By End-use
By Type
- Endovascular Coiling
- Flow Diverters
- Surgical Clipping
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Intracranial Aneurysm Market, by End-use
- 1.4.2 Global Intracranial Aneurysm Market, by Type
- 1.4.3 Global Intracranial Aneurysm Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. Global Intracranial Aneurysm Market by End-use
- 4.1 Global Hospitals Market by Region
- 4.2 Global Clinics Market by Region
- 4.3 Global Others Market by Region
Chapter 5. Global Intracranial Aneurysm Market by Type
- 5.1 Global Endovascular Coiling Market by Region
- 5.2 Global Flow Diverters Market by Region
- 5.3 Global Surgical Clipping Market by Region
- 5.4 Global Others Market by Region
Chapter 6. Global Intracranial Aneurysm Market by Region
- 6.1 North America Intracranial Aneurysm Market
- 6.1.1 North America Intracranial Aneurysm Market by End-use
- 6.1.1.1 North America Hospitals Market by Country
- 6.1.1.2 North America Clinics Market by Country
- 6.1.1.3 North America Others Market by Country
- 6.1.2 North America Intracranial Aneurysm Market by Type
- 6.1.2.1 North America Endovascular Coiling Market by Country
- 6.1.2.2 North America Flow Diverters Market by Country
- 6.1.2.3 North America Surgical Clipping Market by Country
- 6.1.2.4 North America Others Market by Country
- 6.1.3 North America Intracranial Aneurysm Market by Country
- 6.1.3.1 US Intracranial Aneurysm Market
- 6.1.3.1.1 US Intracranial Aneurysm Market by End-use
- 6.1.3.1.2 US Intracranial Aneurysm Market by Type
- 6.1.3.2 Canada Intracranial Aneurysm Market
- 6.1.3.2.1 Canada Intracranial Aneurysm Market by End-use
- 6.1.3.2.2 Canada Intracranial Aneurysm Market by Type
- 6.1.3.3 Mexico Intracranial Aneurysm Market
- 6.1.3.3.1 Mexico Intracranial Aneurysm Market by End-use
- 6.1.3.3.2 Mexico Intracranial Aneurysm Market by Type
- 6.1.3.4 Rest of North America Intracranial Aneurysm Market
- 6.1.3.4.1 Rest of North America Intracranial Aneurysm Market by End-use
- 6.1.3.4.2 Rest of North America Intracranial Aneurysm Market by Type
- 6.2 Europe Intracranial Aneurysm Market
- 6.2.1 Europe Intracranial Aneurysm Market by End-use
- 6.2.1.1 Europe Hospitals Market by Country
- 6.2.1.2 Europe Clinics Market by Country
- 6.2.1.3 Europe Others Market by Country
- 6.2.2 Europe Intracranial Aneurysm Market by Type
- 6.2.2.1 Europe Endovascular Coiling Market by Country
- 6.2.2.2 Europe Flow Diverters Market by Country
- 6.2.2.3 Europe Surgical Clipping Market by Country
- 6.2.2.4 Europe Others Market by Country
- 6.2.3 Europe Intracranial Aneurysm Market by Country
- 6.2.3.1 Germany Intracranial Aneurysm Market
- 6.2.3.1.1 Germany Intracranial Aneurysm Market by End-use
- 6.2.3.1.2 Germany Intracranial Aneurysm Market by Type
- 6.2.3.2 UK Intracranial Aneurysm Market
- 6.2.3.2.1 UK Intracranial Aneurysm Market by End-use
- 6.2.3.2.2 UK Intracranial Aneurysm Market by Type
- 6.2.3.3 France Intracranial Aneurysm Market
- 6.2.3.3.1 France Intracranial Aneurysm Market by End-use
- 6.2.3.3.2 France Intracranial Aneurysm Market by Type
- 6.2.3.4 Russia Intracranial Aneurysm Market
- 6.2.3.4.1 Russia Intracranial Aneurysm Market by End-use
- 6.2.3.4.2 Russia Intracranial Aneurysm Market by Type
- 6.2.3.5 Spain Intracranial Aneurysm Market
- 6.2.3.5.1 Spain Intracranial Aneurysm Market by End-use
- 6.2.3.5.2 Spain Intracranial Aneurysm Market by Type
- 6.2.3.6 Italy Intracranial Aneurysm Market
- 6.2.3.6.1 Italy Intracranial Aneurysm Market by End-use
- 6.2.3.6.2 Italy Intracranial Aneurysm Market by Type
- 6.2.3.7 Rest of Europe Intracranial Aneurysm Market
- 6.2.3.7.1 Rest of Europe Intracranial Aneurysm Market by End-use
- 6.2.3.7.2 Rest of Europe Intracranial Aneurysm Market by Type
- 6.3 Asia Pacific Intracranial Aneurysm Market
- 6.3.1 Asia Pacific Intracranial Aneurysm Market by End-use
- 6.3.1.1 Asia Pacific Hospitals Market by Country
- 6.3.1.2 Asia Pacific Clinics Market by Country
- 6.3.1.3 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Intracranial Aneurysm Market by Type
- 6.3.2.1 Asia Pacific Endovascular Coiling Market by Country
- 6.3.2.2 Asia Pacific Flow Diverters Market by Country
- 6.3.2.3 Asia Pacific Surgical Clipping Market by Country
- 6.3.2.4 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Intracranial Aneurysm Market by Country
- 6.3.3.1 China Intracranial Aneurysm Market
- 6.3.3.1.1 China Intracranial Aneurysm Market by End-use
- 6.3.3.1.2 China Intracranial Aneurysm Market by Type
- 6.3.3.2 Japan Intracranial Aneurysm Market
- 6.3.3.2.1 Japan Intracranial Aneurysm Market by End-use
- 6.3.3.2.2 Japan Intracranial Aneurysm Market by Type
- 6.3.3.3 India Intracranial Aneurysm Market
- 6.3.3.3.1 India Intracranial Aneurysm Market by End-use
- 6.3.3.3.2 India Intracranial Aneurysm Market by Type
- 6.3.3.4 South Korea Intracranial Aneurysm Market
- 6.3.3.4.1 South Korea Intracranial Aneurysm Market by End-use
- 6.3.3.4.2 South Korea Intracranial Aneurysm Market by Type
- 6.3.3.5 Singapore Intracranial Aneurysm Market
- 6.3.3.5.1 Singapore Intracranial Aneurysm Market by End-use
- 6.3.3.5.2 Singapore Intracranial Aneurysm Market by Type
- 6.3.3.6 Malaysia Intracranial Aneurysm Market
- 6.3.3.6.1 Malaysia Intracranial Aneurysm Market by End-use
- 6.3.3.6.2 Malaysia Intracranial Aneurysm Market by Type
- 6.3.3.7 Rest of Asia Pacific Intracranial Aneurysm Market
- 6.3.3.7.1 Rest of Asia Pacific Intracranial Aneurysm Market by End-use
- 6.3.3.7.2 Rest of Asia Pacific Intracranial Aneurysm Market by Type
- 6.4 LAMEA Intracranial Aneurysm Market
- 6.4.1 LAMEA Intracranial Aneurysm Market by End-use
- 6.4.1.1 LAMEA Hospitals Market by Country
- 6.4.1.2 LAMEA Clinics Market by Country
- 6.4.1.3 LAMEA Others Market by Country
- 6.4.2 LAMEA Intracranial Aneurysm Market by Type
- 6.4.2.1 LAMEA Endovascular Coiling Market by Country
- 6.4.2.2 LAMEA Flow Diverters Market by Country
- 6.4.2.3 LAMEA Surgical Clipping Market by Country
- 6.4.2.4 LAMEA Others Market by Country
- 6.4.3 LAMEA Intracranial Aneurysm Market by Country
- 6.4.3.1 Brazil Intracranial Aneurysm Market
- 6.4.3.1.1 Brazil Intracranial Aneurysm Market by End-use
- 6.4.3.1.2 Brazil Intracranial Aneurysm Market by Type
- 6.4.3.2 Argentina Intracranial Aneurysm Market
- 6.4.3.2.1 Argentina Intracranial Aneurysm Market by End-use
- 6.4.3.2.2 Argentina Intracranial Aneurysm Market by Type
- 6.4.3.3 UAE Intracranial Aneurysm Market
- 6.4.3.3.1 UAE Intracranial Aneurysm Market by End-use
- 6.4.3.3.2 UAE Intracranial Aneurysm Market by Type
- 6.4.3.4 Saudi Arabia Intracranial Aneurysm Market
- 6.4.3.4.1 Saudi Arabia Intracranial Aneurysm Market by End-use
- 6.4.3.4.2 Saudi Arabia Intracranial Aneurysm Market by Type
- 6.4.3.5 South Africa Intracranial Aneurysm Market
- 6.4.3.5.1 South Africa Intracranial Aneurysm Market by End-use
- 6.4.3.5.2 South Africa Intracranial Aneurysm Market by Type
- 6.4.3.6 Nigeria Intracranial Aneurysm Market
- 6.4.3.6.1 Nigeria Intracranial Aneurysm Market by End-use
- 6.4.3.6.2 Nigeria Intracranial Aneurysm Market by Type
- 6.4.3.7 Rest of LAMEA Intracranial Aneurysm Market
- 6.4.3.7.1 Rest of LAMEA Intracranial Aneurysm Market by End-use
- 6.4.3.7.2 Rest of LAMEA Intracranial Aneurysm Market by Type
Chapter 7. Company Profiles
- 7.1 MicroVention, Inc. (Terumo Corporation)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Trials and Approvals:
- 7.2 Medtronic PLC
- 7.2.1 Company overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Stryker Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Product Launches and Product Expansions:
- 7.3.5.2 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
- 7.4 MicroPort Scientific Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 Johnson & Johnson
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental & Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.5.2 Product Launches and Product Expansions:
- 7.5.6 SWOT Analysis
- 7.6 B. Braun Melsungen AG
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 Integra LifeSciences Holdings Corporation
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Delta Surgical
- 7.9 Penumbra, Inc.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
Chapter 8. Winning Imperatives of Intracranial Aneurysm Market