asia pacific brain aneurysm treatment Market

The Asia Pacificbrain aneurysm treatment market is expected to reachUS$ 1,737.32 millionby 2027 from US$ 576.71 millionin 2019. The market is estimated to grow at a CAGR of 14.9% from 2020 to 2027.

The growth of the Asia Pacific brain aneurysm treatment market is attributed to the rise in research activities, increasing prevalence of brain aneurysm, and growing number of product launches. However, the high cost of procedures hinders the growth of the market.

The prevalence of brain aneurysms is rising in many Asian countries due to growing prevalence ofcerebrovascular disease, as well as aging population. As per the Ministry of Health, Labor, and Welfare 2017 Survey, the number of patients suffering from cerebrovascular diseases, including subarachnoid hemorrhages and brain infarctions,wasestimated to be over 1.1 million in Japan. Geriatricpopulation is at high risk of developing brain aneurysm and other associated diseases. The rising elderly population is estimated to developgrowingincidences for brain injuries and other neurovascular disorders.

The Asia Pacificbrain aneurysm treatment market, based on type,is segmented into surgery and medication. In 2019, the medicationsegment held a larger share of the market; however, thesurgery segment is expected to register a higher CAGRin the market during the forecast period.The Asia Pacificbrain aneurysm treatment market, based on condition,is segmented into unruptured aneurysm and ruptured aneurysm. In 2019, the unruptured aneurysmsegment held a larger share of the market; however, the ruptured aneurysmsegment is expected to register a higher CAGRduring 2020?2027. Furthermore, the Asia Pacificbrain aneurysm treatment market, based on end user,is segmented into hospitals and clinics. In 2019, the hospitals segment held a larger share of the market; however, the market for the clinicssegment is expected to grow at a higher CAGRduring the forecast period.

A few major primary and secondary sources referred to in the process of preparing the report on the brain aneurysm treatment market are theWorld Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare.