According to a new market research study of ‘Brain Aneurysm Treatment Market Forecast to 2027 – Covid-19 Impact and Global Analysis by Type, Condition, and End User.’ The global brain aneurysm treatment market is expected to reach US$ 6,222.47 Mn in 2027 from US$ 2,184.15 Mn in 2019. The market is estimated to grow with a CAGR of 14.1% from 2020-2027. The report provides trends prevailing in the global brain aneurysm treatment market and the factors driving market along with those that act as restraints.
Leading companies operating in the brain aneurysm treatment market are Stryker Corporation, MicroPort Scientific Corporation, Terumo Corporation, Mizuho Medical Co, Ltd, Penumbra, Inc., Medtronic, Johnson & Johnson Services, Inc., KANEKA CORPORATION, adeor medical AG, and Evasc Medical Systems Corp among others.
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Increasing prevalence of brain aneurysm and risk factors associated with it are directly expected to represent positive impact on the growth of the market. Additionally, extensively increasing healthcare industry is boosting the adoption of advanced surgical equipment, which will eventually drive the growth of the market by 2027. Additionally, bolstering research and development in the field of brain and neurological disorder indicates lucrative opportunity for the growth of the market during the forecast period. For instance, in 2019, the Brain Aneurysm Foundation offered a research grant of US$ 40,000 to the group of researchers at University of Toronto.
The global brain aneurysm treatment market, based on conditions, is segmented into unruptured aneurysm and ruptured aneurysm. In 2019, the unruptured aneurysm segment accounted for the largest market share in the global brain aneurysm treatment market. However, ruptured aneurysm segment is expected to grow at faster pace in the forecasted period. Increasing prevalence of ruptured aneurysm likely to drive the growth of ruptured aneurysm segment during 2020-2027.
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