United State-Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Intracranial Aneurysm. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Intracranial Aneurysm study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Intracranial Aneurysm.
The intracranial aneurysm market size is expected to reach USD 2.22 billion by 2030 according to a new study by Report Ocean.
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Report Ocean presents a new report on intracranial aneurysm market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The report “Intracranial Aneurysm Market – By Type (Surgical Clipping, Endovascular Coiling, Flow Diverters, Others), By End-Use (Hospitals, Clinics, Others); By Regions; Global opportunity analysis and industry forecast 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market factors favoring the market growth for intracranial aneurysm include the world’s aging population, rising prevalence of intracranial aneurysms, sedentary and busy lifestyles, increased funding, and grant on research and innovation. There is a continuous rise in cases of un-ruptured intracranial aneurysms among geriatrics.
As per market statistics published by the World Ageing (WA), in 2019, there are around 700 million people aged more than 65, across the globe. This large section of the population is largely contributing to the market growth. As per the estimates of the BAF, in the U.S. alone, every year around 30,000 people live with brain aneurysms. In Canada, BAF reported there are on average each year, around 3,150 people live with intracranial aneurysms.
There are several risk factors for acquiring intracranial aneurysms in the market such as family history, autosomal dominant PCKD, co-arctation of the aorta, bicuspid aortic valve, Ehlers-Danlos syndrome type IV, smoking, and hypertension. In a survey, it is proven that around 80 percent of intracranial aneurysm cases were smokers in the past.
According to the market estimates of the Center for disease control and prevention, each year around 480,000 smokers die, and in 2018, it was reported that in the U.S. alone it had 34.2 million smokers and around 16 million U.S. people were suffering smoke-related disorders. Moreover, as per a survey by Headway, in 2016-17, in the UK approximately 348,453 people were admitted to healthcare facilities with some kind of brain-related disorder.
The Asia Pacific market for intracranial aneurysm is anticipated to register a lucrative growth rate over the assessment period. The rising cases of brain aneurysms in the two most populous countries India and China increased the affordability of people in the emerging Asian countries.
Each year around 76,500 to 204,100 cases of subarachnoid hemorrhage (SAH) occur in India. The cost of medical treatment of intracranial aneurysms in India stood at around USD 7,000, while the average treatment cost in western nations is three times, at about USD 20,000.
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COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the intracranial aneurysm market also experienced a slowdown. Statista estimates that the intracranial aneurysm market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the intracranial aneurysm marketgenerated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the intracranial aneurysm market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
Major Players: Market participants in the intracranial aneurysm industry include Micro Vention Inc. (Terumo Corporation), B. Braun, Stryker, Medtronic, Johnson and Johnson Services Inc., Microport Scientific Corporation, and Codman Neuro (Integra Lifesciences).
Segmentation:
Intracranial Aneurysm, Type Outlook (Revenue – USD Million, 2016 – 2028)
Surgical Clipping
Endovascular Coiling
Flow Diverters
Others
Intracranial Aneurysm, End-Use Outlook (Revenue – USD Million, 2016 – 2028)
Hospitals
Clinics
Others
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Intracranial Aneurysm, Regional Outlook (Revenue – USD Million, 2016 – 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Key questions answered in the global Intracranial Aneurysm market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Intracranial Aneurysm market over the forecast period?
- What are the factors driving and restraining the market for Intracranial Aneurysm?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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