The Latin America, Middle East and Africa Aneurysm Clips Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
Rapid advancement in information dissemination through the Internet has significantly helped the acceptance of aneurysm clips and disease treatments. Clinical management information, accessibility of aneurysm clips, pricing, faults in aneurysm clip materials biocompatibility, physician feedback, R&D, etc., are all available to the general public via open-source websites. This increases patient interest and promotes active physician-patient relationship management, leading to improved patient outcomes.
The active contribution to aneurysm clips market information by some of the major manufacturers streamlines the information distribution procedure and positively adds to the aneurysm clips market's consistent revenue growth. The interaction of hemodynamic stress with vascular insults, including arteriosclerosis and atherosclerosis, as well as genetic susceptibility, is thought to be the primary cause of aneurysm formation.
Depending on the size and location of the aneurysm, people with unruptured aneurysms may have localized neurological impairments, seizures, ocular symptoms, etc. Magnetic resonance imaging (MRI), computed tomography (CT), or digital subtraction angiography are typically used to pinpoint intracranial aneurysms.
In Brazil, medical devices are managed by the “ANVISA” (National Health Surveillance Agency) and by “INMETRO” (National Institute of Metrology Standardization and Industrial Quality), both publishing compulsory rules and voluntary product standards which medical device firms must follow to market their products. Life expectancy has increased in Africa than before. However, this region continues to encounter a burden of constant infectious disorders, and there is an increase in the occurrence of threat factors for chronic diseases. It is estimated that the population of elderly people in sub-Saharan Africa was at 43 million in 2010 and is predicted to reach 67 million by 2025 and 163 million by 2050.Due to the increase in life span, Africa will witness growth in the aneurysm clips adoption in the upcoming years, thereby supporting the regional market expansion. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Aneurysm Clips Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,486.4 Thousands by 2028. The Argentina market is experiencing a CAGR of 11.9% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 11% during (2022 - 2028).
Based on Material, the market is segmented into Titanium Aneurysm Clips, Polymer and Others. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers and Others. Based on Indication, the market is segmented into Stroke, Cerebral Artery Stenosis, Cerebral Aneurysm and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Aneurysm Clips Market is Projected to reach USD 102.9 Million by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Stryker Corporation, Integra LifeSciences Holdings Corporation, Boston Scientific Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Galvani Bioelectronics, Ltd. (GlaxoSmithKline plc and Verily Life Sciences), KLS Martin Group, Adeor Medical AG, and Evonos GmbH & Co.KG.
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