Intracranial Aneurysm Market Size, Share, Growth Analysis, By Type(Surgical clipping, endovascular coiling, and flow diverters), By End-use(Hospitals, clinics, and research laboratories), By Region - Industry Forecast 2024-2031

Intracranial Aneurysm Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.30 billion in 2023 to USD 2.60 billion by 2031, at a CAGR of 9.0% during the forecast period (2024-2031).

The global intracranial aneurysm market has been experiencing steady growth driven by factors such as an aging population, increasing awareness about early diagnosis and treatment, and advancements in medical technology.

Rising healthcare expenditure in both developed and developing economies has facilitated greater access to healthcare services, including diagnosis and treatment for intracranial aneurysms. Furthermore, technological advancements in medical devices and procedures have significantly improved treatment outcomes.

Minimally invasive endovascular techniques, such as coiling and flow diversion, have gained popularity due to their reduced invasiveness, shorter hospital stays, and quicker recovery times. The development of advanced imaging modalities has also allowed for better detection and precise treatment planning.

However, the market faces certain challenges. The high cost associated with treating intracranial aneurysms remains a significant restraint, limiting access to advanced treatments for some patients.

Additionally, the complexity and potential risks associated with endovascular procedures can deter patients and healthcare providers from adopting these cutting-edge interventions.

Overall, the global intracranial aneurysm market is expected to continue its growth trajectory in the coming years, driven by increasing awareness, technological advancements, and an aging population. Addressing the cost challenges and continuously refining the safety and efficacy of treatments will remain key areas of focus for industry players to unlock the full potential of this market.

US Intracranial Aneurysm Market is poised to grow at a sustainable CAGR for the next forecast year.