The Aneurysm Coiling And Embolization Devices Market is being driven by Increasing prevalence of IAs and associated risk factors
The Aneurysm Coiling And Embolization Devices Market is expected to grow at a CAGR of 8.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1999.4 million. In the management of intracranial aneurysms (IAs) with complex morphologies, such as giant, wide-necked, or fusiform aneurysms, traditional surgical clipping procedures have been associated with significant risks of morbidity and mortality. Alternative endovascular techniques, including Stent-Assisted Coiling (SAC) and Balloon-Assisted Coiling (BAC), have shown less-than-expected efficacy due to their high rates of recanalization. Consequently, flow diversion procedures have gained popularity among end-users due to their lower complication rates, higher cure rates, and increased safety. These advantages include a reduced risk of re-bleeding, shorter recovery periods, and lower radiation exposure when compared to other endovascular techniques.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Embolization coils, Access and delivery services, Aneurysm clips, Balloon and stent assisted coils, Flow diversion devices) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Aneurysm Coiling And Embolization Devices Market Research Report
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The Aneurysm Coiling and Embolization Devices Market caters to the neurological assessment and treatment of cerebrovascular diseases, including brain aneurysms and vascular malformations. These devices support minimally invasive procedures like coiling and embolization in endovascular neurosurgery, contributing to neurological recovery and rehabilitation. Brain health awareness is paramount, as these conditions can lead to neurological complications, physical disability, and stroke prevention. Brain imaging and neurological care are crucial in assessing the severity of vascular abnormalities, guiding brain surgery, and monitoring neurological outcomes. Neurovascular devices play a significant role in the prevention and treatment of brain health issues, enhancing overall neurological care.
The Aneurysm Coiling and Embolization Devices Market is a significant segment of the global healthcare equipment industry, focusing on the development and manufacture of advanced devices for the treatment of ischemic strokes and arteriovenous malformations. Early detection and effective intervention are key to mitigating the cognitive disability associated with these conditions. Technavio, a leading market research firm, classifies this market within the broader healthcare equipment sector, which encompasses capital equipment, instruments, implants, accessories, and consumables used in the diagnosis, monitoring, and therapy of various diseases. Technavio's estimation of the global healthcare equipment market size is derived from the combined revenue generated by manufacturers of diagnostic equipment and devices. The Aneurysm Coiling and Embolization Devices Market is characterized by continuous technological advancements, including the emergence of aneurysm clips and data-driven devices, which enhance the precision and safety of treatment procedures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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