At 5.2% CAGR, the South & Central America Cerebral Aneurysm Clips Market is projected to be worth US$ 4,584.92 Thousand by 2028, says Business Market Insights

According to Business Market Insights’ research, the South & Central America cerebral aneurysm clips market was valued at US$ 3,380.13 thousand in 2022 and is expected to reach US$ 4,584.92 thousand by 2028, registering an annual growth rate of 5.2% from 2022 to 2028. Growing financial aid for innovation and adoption of surgical robots and surge in geriatric population are the critical factors attributed to the market expansion.   

Cerebral aneurysms are common among the elderly populations, making the need for noninvasive 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. 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. 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, these companies in the cerebral aneurysms market will likely grab significant growth opportunities in the coming years.

 On the contrary, high cost of surgical procedures hurdles the growth of South & Central America cerebral aneurysm clips market.

• Based on material type, the South & Central America 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 with a share of 43.7%, amassing US$ 1,475.97 thousand. It is projected to garner US$ 2,016.81 thousand by 2028 to expand at 5.3% CAGR during 2022–2028.
• Based on indication, the South & Central America cerebral aneurysm clips market is segmented into saccular aneurysm, fusiform aneurysm, and mycotic aneurysm. The saccular aneurysm segment is anticipated to hold the largest market share in 2022 with a share of 87.2%, amassing US$ 2,946.89 thousand. It is projected to garner US$ 3,977.76 thousand by 2028 to expand at 5.1% CAGR during 2022–2028.
• Based on condition, the South & Central America cerebral aneurysm clips market is segmented into unruptured aneurysm and ruptured aneurysm. The unruptured aneurysm segment is anticipated to hold a larger market share in 2022 with a share of 97.7%, amassing US$ 3,300.89 thousand. It is projected to garner US$ 4,445.75 thousand by 2028 to expand at 5.1% CAGR during 2022–2028.
• Based on end user, the South & Central America 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 with a share of 64.2%, amassing US$ 2,177.74 thousand. It is projected to garner US$ 2,925.57 thousand by 2028 to expand at 5.0% CAGR during 2022–2028.   

Our regional analysis states that the Brazil captured 59.2% market share in 2022. It was assessed at US$ 2,000.25 thousand in 2022 and is likely to hit US$ 2,779.93 thousand by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Key players dominating the South & Central America cerebral aneurysm clips market are ADCA; adeor medical AG; B. Braun Melsungen AG; Integra LifeSciences; KLS Martin Group; Mizuho Medical Co,Ltd; Ortho-Medical GmbH; and Peter Lazic GmbH.

Below is mentioned a key market development by a major player:

• In August 2021, Biomedica Italia extended its partnership with Peter Lazic GmbH for the distribution and manufacturing of L-Aneurysm Clip and microsurgery instruments for neurosurgery. The contract was signed for the next 5 years.

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