Brain Aneurysm Treatment Market Size to Reach USD 6222.47 million by 2027
Category: #business  By Partha Ray  Date: 2020-06-29
  • share
  • Twitter
  • Facebook
  • LinkedIn

Brain Aneurysm Treatment Market Size to Reach USD 6222.47 million by 2027

As per the report titled ‘Brain Aneurysm Treatment Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Condition; End User, available with Market Study Report LLC, global brain aneurysm treatment market was valued at USD 2184.15 million in 2019 and is projected to reach USD 6222.47 million by the year 2027, registering a CAGR of 14.1% throughout.

As per the report, rising prevalence of brain aneurysm and other associated risks, coupled with increasing R&D activities in the field are driving the growth of global brain aneurysm treatment market.

For the uninitiated, brain aneurysm is the swelling of blood vessels in the brain, which leads to stress on the nerves and brain tissues. If this bulge ruptures or bruises, it can cause brain hemorrhage and consequently lead to the patient’s demise. Brain aneurysm is caused by certain genetic conditions, untreated high blood pressure, arteriovenous malformations, and smoking.

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2623837/

As per the Brain Aneurysm Foundation, the condition claims 500,000 lives each year globally. In addition to this, escalating number of risk factors causing brain aneurysm is expected to augment the industry growth. For instance, approximately 14 out of 100 individuals in the US smoke cigarettes, as stated by the CDC in 2018. Also, according to WHO in 2019, globally, about 1.13 billion individuals were suffering from hypertension. Increasing tobacco consumption and prevalence of hypertension are impelling the risk of brain aneurysm among the population, further augmenting the market outlook.

Besides, emergence of new diagnostic procedures for brain will propel the industry growth in the coming years. However, expensive nature of surgical procedures may negatively impact the business outlook over the study period.

Based on the type, medication segment dominated the global brain aneurysm market in the recent past, however, surgery segment is anticipated to grow rapidly during the analysis period.

Elaborating on the condition scope, unruptured aneurysm segment accounted for the majority market share in past year. Ruptured aneurysm segment, on the contrary, is slated to register the highest growth over the analysis timeline.

Speaking of the end user spectrum, hospitals segment led the industry growth in the past, but clinics segment is expected to be the prime contributor in the forthcoming years.

As per the regional analysis, brain aneurysm treatment market in North America is expected to record substantial growth over the estimated timeframe, owing to a well-established healthcare infrastructure and high prevalence of brain aneurysm in the United States. Brain Aneurysm Foundation in 2020, revealed that 1 in every 50 individuals in the US suffer from unruptured brain aneurysm, totaling to nearly 6.5 million patients in need of treatment.

Key players operating in global brain aneurysm treatment market are MicroPort Scientific Corporation, Stryker Corporation, Terumo Corporation, Medtronic, Penumbra, Inc., Johnson & Johnson Services, Inc., Mizuho Medical Co., Ltd., Kaneka Corporation, Evasc Medical Systems Corp., and adeor medical AG.

Questions & Answers: Global Brain Aneurysm Treatment Market

Q1: What are the key growth indicators of global brain aneurysm treatment market?

A: Rising prevalence of brain aneurysm and other associated risks, coupled with increasing R&D activities in the field are driving the growth of global brain aneurysm treatment market.

Q2: What are the major challenges of global brain aneurysm treatment market?

A: Expensive nature of surgical procedures for treating brain aneurysm is a major restraint on the industry growth.

Q3: Which factors are driving the growth of North America brain aneurysm treatment market?

A: North America market is expected to record substantial growth in the coming years, owing to a well-established healthcare infrastructure and high prevalence of brain aneurysm in the United States.

Q4: Which companies formulate the competitive landscape of global brain aneurysm treatment market?

A: Prominent industry players include are MicroPort Scientific Corporation, Stryker Corporation, Terumo Corporation, Medtronic, Penumbra, Inc., Johnson & Johnson Services, Inc., Mizuho Medical Co., Ltd., Kaneka Corporation, Evasc Medical Systems Corp., and adeor medical AG.

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
By Partha Ray

According to the research report titled ‘Global Fluorochemical Market (Value, Volume): World Market Review By Product Type, By Application, By End User Industry (2019 Edition): Opportunities and Forecast (2019-2024) - By Country, available with...

Colorants Market by Size, Growth, Opportunity and Forecast to 2024
Colorants Market by Size, Growth, Opportunity and Forecast to 2024
By Partha Ray

According to the research report titled ‘Global Colorants Market - Analysis By Product Type, Source, End-User Industry, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC,...

Cigarette Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2024
Cigarette Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2024
By Partha Ray

As per the report titled ‘Global Cigarette Market (Value, Volume) - Analysis By Price, Market Share, Distribution Channel, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2019-2024)-.’, available with Marke...