Global Aneurysm Clips Market, By Material (Titanium, Polymer), By Type (Cerebral, Thoracic), By Disease Indication (Stroke, Cerebral Artery Stenosis), By End-User (Hospitals, Ambulatory Surgical Centers), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

Global Aneurysm Clips Market size is expected to be worth around USD 2.0 Billion by 2032 from USD 1.1 Billionin 2022, growing at a CAGR of 6.2% during the forecast period from 2022 to 2032.

The Aneurysm Clips are small metal clips used in the medication of various types of aneurysms such as cerebral, thoracic, abdominal, peripheral, etc. which are weak areas in the wall of a blood vessel that can bulge and rupture. The clips are placed at the base of the aneurysm to stop blood flow into the weakened area which prevents it from rupturing and causing bleeding in that area.

The increasing cases of laparoscopic surgical procedures and the use of convenient materials containing stainless steel alloys such as titanium and cobalt in aneurysm clips are the key reasons which are expected to have an effect on the growth of the aneurysm clips market. Also, the market is anticipated to be driven by the rising adoption of unhealthy lifestyles, a growing geriatric population, and increasing cases of intracranial aneurysm ruptures.

*Actual Numbers Might Vary In The Final Report

Key Takeaways

• Neurosurgery Applications: Aneurysm clips are widely employed in neurosurgery to treat intracranial aneurysms – weakened blood vessel walls in the brain which could rupture at any moment and lead to potentially life-threatening circumstances – including those created from ruptured aneurysm clips.
• Aneurysm Isolation: Aneurysm clips can help isolate an aneurysm by sealing its neck off from its main blood vessel, thus decreasing rupture risk and potential hemorrhage risk.
• Materials Used in Aneurysm Clips: Aneurysm clips typically utilize biocompatible materials like titanium for maximum safety and long-term stability in the body.
• Clip Designs: There are various clip designs, such as straight, fenestrated and curved clips; your selection will depend upon aneurysm size, location and shape.
• Surgical Techniques: Neurosurgeons utilize aneurysm clips in open surgery – commonly referred to as “clipping.” This involves opening up the brain, locating and clipping any aneurysms identified, then applying clips securely around them in order to secure them.

Driving Factors

Increasing Incidence of Cerebral Aneurysms and their Surgical Procedures

The aneurysm clips market is priorly driven by the increasing cases of cerebral aneurysms and the growing number of surgical operations made to treat the condition. The increasing old population, varying lifestyle habits, and increasing occurrence of risk factors which are high blood pressure and smoking are contributing to the increasing incidence of cerebral aneurysms. Hence, there is an increasing demand for useful aneurysm treatment options such as clipping.

Technological advancements in aneurysm clipping procedures and tools are also attributed to market growth including the development of specific microsurgical equipment and imaging technologies has enabled surgeons to perform more precise and minimally invasive procedures, resulting in better patient outcomes and shorter recovery times. Also, increasing healthcare expenses, rising healthcare infrastructure, and growing awareness of aneurysm treatment options in developing economies are driving market growth.

Restraining Factors

Rising Adoption of Endovascular Coiling Procedures

The aneurysm clips market encounters various restraints that pause its growth potential. The main factor is the rising adoption of endovascular coiling procedures instead of surgical clipping owing to its minimally invasive nature and reduced recovery time. Also, the accessibility of other treatments such as stents and flow diverters further decreases the demand for aneurysm clips.

Another major restraint is the risk of difficulties related to aneurysm clipping surgery such as bleeding, infection, and nerve damage. These factors associated with the high cost of aneurysm clipping surgery and limited repayment policies pose challenges to the growth of the aneurysm clips market.

By Material Analysis

The Titanium Material Segment is Dominant

Based on material, the market for aneurysm clips is segmented into titanium, polymer, cobalt, and other materials. Among these materials, the titanium segment is the most lucrative in the global aneurysm clips market, with a projected CAGR of 6.3%.

The total revenue share of the titanium segment is 82% in 2022.  The titanium aneurysm clips are featured as long strength, inertness, non-reactivity, high tensile strength, and lightness. The compatibility with imaging equipment such as MRI, CT, and X-rays and also its capability to protect the closure of elusive vessels during practices make it the favored choice as surgical equipment. Also, the titanium aneurysm clips have less interference with MRI and CT imaging scans.

By Type Analysis

Cerebral Aneurysm is Dominant in Global Aneurysm Clips Market

By type, the market is further divided into cerebral, thoracic, abdominal, and peripheral. A cerebral aneurysm is estimated to be the most lucrative segment in the global aneurysm clips market, with a market share of 30% and a projected CAGR of 7.1%, in 2022.

These aneurysms arise in the blood vessels of the brain and are held responsible for severe complications such as bleeding in the brain if they rupture. However, the abdominal aneurysm is also rising due to certain risk factors including smoking, high blood pressure, and a genetic disorder. It can occur when the area of the aorta is very huge or balloons out and eventually due to weakness in the artery wall.

By Disease Indication Analysis

The Stroke Segment is Dominant

Based on disease indication, the market is segmented into the stroke, cerebral artery stenosis, cerebral aneurysm, and other disease indications. Among these disease indications, the stroke segment is estimated to be the most lucrative segment in the global aneurysm clips market, with a market share of 57% and a projected CAGR of 6.9%, in 2022.

This is because of rising hypertension, stroke prevalence, and other neurological diseases. The cases of stroke growing around the world due to unhealthy habits, the rise of the aging population, and high blood pressure. These factors are mainly responsible for the growth and demand of aneurysm clips in the upcoming years.

By End-User Analysis

The Hospitals Segment is Dominant

Based on end-user, the market is segmented into hospitals, ambulatory surgical centers, neurology centers, and other end-users. Among these end-users, the hospital segment is estimated to be the most lucrative segment in the global aneurysm clips market, with the largest revenue share of 66% and a projected CAGR of 7.3% during the forecast period.

This can be attributed to the rising number of surgical operations such as abdominal and neurological laparoscopies. The increase in surgical operations implement in hospitals using clipping tools had a positive effect on segment growth. However, ambulatory surgical centers are estimated to have a higher CAGR during the forecast period. This is due to lost incomes, reduced facility costs, and better patient convenience.

Key Market Segments

Based on Material

• Titanium
• Polymer
• Cobalt
• Other Materials

Based on Type

• Cerebral
• Thoracic
• Abdominal
• Peripheral

Based on Disease Indication

• Stroke
• Cerebral Artery Stenosis
• Cerebral Aneurysm
• Other Disease Indications

Based on End-User

• Hospitals
• Ambulatory Surgical Centers
• Neurology Centers
• Other End-Users

Growth Opportunity

Technological Advancements and the Development of Advanced Aneurysm Clips

The aneurysm clips market provides specific growth opportunities driven by technological advancements and the rising prevalence of cerebral aneurysms. The development of advanced aneurysm clips such as shape-memory alloys is usually to improve surgical outcomes and overcome the risk of complications helping with rising demand.

Also, increasing healthcare expenses and government initiatives to improve healthcare infrastructure in emerging countries provide great opportunities for market players to expand their operations. Furthermore, the increasing adoption of minimally invasive procedures for aneurysm treatment including hybrid endovascular and surgical procedures is anticipated to drive the demand for aneurysm clips. With the rising old population and incidence of cerebral aneurysms, the aneurysm clips market is expected to grow substantially in the upcoming years.

Latest Trends

Growing Adoption of Advanced Imaging Techniques

The aneurysm clips market is witnessing various trends which are shaping the industry landscape. One of the major key trends is the growing adoption of advanced imaging techniques such as CT angiography and 3D rotational angiography which gives accurate diagnosis and planning of aneurysm clipping operations. Another important trend is the growing demand for customized aneurysm clips that are tailored to the specific anatomical features of the patient which improves surgical outcomes and overcomes the risk of complications.

The shift towards minimally invasive procedures for aneurysm medication such as endovascular coiling is driving the development of hybrid procedures which combine both surgical clippings and endovascular coiling techniques. The entrance of new market players associated with increasing R&D investments to develop innovative aneurysm clips is also anticipated to boost market growth. Furthermore, the growing acceptance of telemedicine and remote monitoring technologies for post-operative care is expected to provide new growth opportunities in the aneurysm clips market.

Regional Analysis

North America is Dominant Region in the Global Aneurysm Clips Market

North America is anticipated to be the most dominant region in the global aneurysm clips market with the largest market share of 26.5% and is projected to register a CAGR of 6.75% during the forecast period. The market is driven by the availability of well-established healthcare infrastructure, satisfactory repayment policies, and a major occurrence of cerebral aneurysms in the region.

Asia-Pacific is anticipated to witness substantial growth fueled by the growing incidence of cerebral aneurysms, rising healthcare expenses, and government initiatives to improve healthcare infrastructure in the region.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Emerging key players are focusing on various strategic tactics to expand their business such as the development of novel medical equipment. Companies make investments in research and development to provide better patient accessibility that meets the increasing demand for minimally invasive procedures. To boost global revenue from aneurysm clips market companies are employing several tactics such as merger and acquisition, expansions, and technological innovations.

Top Key Players

• Aesculap, Inc.
• Datenschutz/Rebstock Instruments GmbH
• Mizuho Medical Co., Ltd.
• adeor medical AG
• evonos GmbH & Co. KG
• Integra LifeSciences
• Other Key Players

Recent Developments

• In 2021, Integra LifeSciences revealed its Integra CUSA Clarity Ultrasonic Surgical Aspirator for use in neurosurgery. The equipment is designed to utilize in the removal of brain tumors and other types of aneurysms.
• In 2021, Medtronic stated the launch of the Infinity Occipital Nerve Stimulation (ONS) system for the medication of chronic migraine. The company also received FDA approval for its Intellis platform with a new software application called SmartPath.

Report Scope