Middle East and Africa Intracranial Aneurysm Market Report and Forecast 2024-2032

Middle East and Africa Intracranial Aneurysm Market Size

The global intracranial aneurysm market was valued at USD 1.2 billion in 2023, with the Middle East and Africa holding a significant market share. The market is driven by the growing demand for minimally invasive treatment options. It is expected to grow at a CAGR of 8.8% during the forecast period of 2024-2032, with the values likely to attain USD 2.6 billion by 2032.

Middle East and Africa Intracranial Aneurysm Market Outlook

• A ruptured intracranial aneurysm can be life-threatening, supported by recent data that reveals around 10% of brain aneurysms rupture each year, with about 20% of the individuals dying before hospitalization and nearly 30% dying within a span of 3 months. 

• The Middle East and Africa intracranial aneurysm market share is influenced by the rise in clinical data registries for post-marketing surveillance of medical devices used for endovascular aneurysm care. For instance, INSPIRE-A is an international registry sponsored by Medtronic plc, engaged in the assessment of flow-diverter imaging results.

• One of the major market trends is the rising preference for minimally invasive procedures associated with reduced complications, shorter recovery times, and improved patient outcomes.

Middle East and Africa Intracranial Aneurysm Market Analysis

Intracranial aneurysms or brain aneurysms are a weakened or bulging area in the wall of a blood vessel in the brain. High blood pressure, smoking, and a family history of aneurysms are some of the risk factors for developing this balloon-like sac filled with blood. Surgical clipping, endovascular coiling, and flow diversion are some treatment options used to prevent rupture or re-rupture of the aneurysm. The growing demand for less invasive procedures associated with reduced complications, shorter recovery times, and improved patient outcomes significantly contributes to the Middle East and Africa intracranial aneurysm market growth.

When an aneurysm ruptures, it can cause bleeding into the space around the brain (subarachnoid hemorrhage), which can be life-threatening and often leads to a stroke and brain damage. Recent data reveals that around 10% of brain aneurysms rupture each year, with about 20% of the individuals dying before hospitalization and nearly 30% dying within a span of 3 months. In Africa, intracranial aneurysms pose a serious health challenge, where disparities in healthcare provision and limited resources act as a constraint to disease management. This also indicates the need for effective treatment alternatives and diagnostic techniques in healthcare facilities to successfully manage the condition. With the growing emphasis on improving healthcare infrastructure and rising preference for procedures with minimal postoperative risks, the Middle East and Africa intracranial aneurysm market demand is expected to witness a surge in the forecast period.

The market share is influenced by the rise in clinical data registries for post-marketing surveillance to evaluate the safety and efficacy of medical devices. For instance, INSPIRE-A is an international registry sponsored by Medtronic plc, engaged in the assessment of flow-diverter imaging results, boasting over 1,400 participants enrolled from more than 40 sites including South Africa, and the United Arab Emirates (UAE). This high-volume global study monitors and analyzes outcomes in intracranial aneurysm patients treated with Medtronic neurovascular medical devices such as Flex, Shield, and Vantage flow diverters. The findings from such registries are crucial to advancing endovascular aneurysm care in the region. Additionally, these studies have the potential to inform device development and stimulate innovation in product design, which is likely to elevate the market value.

Middle East and Africa Intracranial Aneurysm Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

Leading Players in the Middle East and Africa Intracranial Aneurysm Market 

The key features of the market report include funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Stryker

• B. Braun Melsungen AG

• Medtronic

• Terumo Corporation

• MicroPort Scientific Corporation

• Raumedic AJohnson & Johnson

• Codman Neuro (Integra Lifesciences)

• Microvention Inc.

• Integra Lifesciences Corporation

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

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Middle East and Africa Intracranial Aneurysm Market Report Snapshots

Middle East and Africa Intracranial Aneurysm Market Size

Middle East and Africa Intracranial Aneurysm Market Analysis

Middle East and Africa Intracranial Aneurysm Companies