Friday, 26 April 2024
The North America Brain Aneurysm Treatment Devices Market is growing along with the Medical Device industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
North America Brain Aneurysm Treatment market valued at US$ 2,184.15 million in 2019 and is expected to grow at a CAGR of 14.1% from 2020to 2027 to reach US$ 6,222.47 million by 2027.
The Brain Aneurysm Foundation, ~6.5 million people have unruptured cerebral aneurysms in the US, and ~30,000 people experience rupture aneurysm every year. However, the rupture of an aneurysm is a rare event, and most people do not experience any symptoms prior to it. Therefore, early diagnosis and treatment are the essential steps in the diagnosis of the condition. Frequent smoking, high blood pressure, head injuries, tumors, and heavy alcoholism and drug consumption are among the risk factors resulting in the development of brain aneurysm.
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North America is expected to witness significant growth during the forecast period due to factors such as increasing prevalence of brain aneurysm and associated risk factors, and growth in research and development activities. The US is among the major countries in the brain aneurysm treatment market. In addition to the abovementioned factors, the growth of the market in the country is prominently attributed to the increasing number of new product launches. Brain aneurysm is a bulging spot on the wall of a brain artery, and its rupture can cause life-threatening bleeding.
These factors are expected to offer broad growth opportunities in the Medical Device industry and this is expected to cause the demand for Brain Aneurysm Treatment in the market.
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North America Brain Aneurysm Treatment – Market Segmentation
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