Intracranial Aneurysm Market Dominated at CAGR of 8.9% from 2021 to 2028 by the Functional Medical Device Sector
Intracranial Aneurysm Industry Overview The global intracranial aneurysm market size was valued at USD 1.06 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The increasing number of patients suffering from cerebrovascular disorder and the rising adoption of minimally invasive intracranial aneurysm procedures are expected to drive the market in the coming years. An intracranial aneurysm is a bulging in the wall of an artery in the brain. It results in an abnormal ballooning, widening, or bleb. This majorly occurs in an artery located in the front part of the brain, which supplies oxygen-rich blood to the tissues. Factors contributing to the formation of a brain aneurysm are smoking, hypertension, injury/trauma to blood vessels, and genetic predisposition. The treatment of brain aneurysms includes medical therapy, surgical clipping or endovascular therapy, or coiling without or with adjunctive devices. The increasing nu...