Artificial Intelligence
Intracranial Aneurysm Market Size Will Achieve USD 2,631 Million by 2030 growing at 9.3% CAGR – Exclusive Report by Acumen Research and Consulting
LOS ANGELES, Aug. 30, 2022 (GLOBE NEWSWIRE) — LOS ANGELES, August 30, 2022 (GLOBE NEWSWIRE) – The Intracranial Aneurysm Market is expected to grow at a CAGR of around 9.3% from 2022 to 2030 and anticipated to reach the market value of around USD 2,631 Million by 2030.
Intracranial Aneurysm Market Report Key Highlights
• Global intracranial aneurysm market size was USD 1,297 million in 2021 and expected to grow at CAGR of 9.3% from 2022 to 2030
• North America intracranial aneurysm market is expected to lead with more than 38% market share
• Asia Pacific intracranial aneurysm market is expected to grow over 12% CAGR during the forecast period from 2022 to 2030
• Among types, endovascular coiling occupied more than 85% of the total market share
• According to the Neuro Intervention India report, over 6 million U.S. population developed unruptured intracranial aneurysm in 2017
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Report Coverage:
| Market | Intracranial Aneurysm Market | |
| Intracranial Aneurysm Market Size 2021 | USD 1,297 Million | |
| Intracranial Aneurysm Market Forecast 2030 | USD 2,631 Million | |
| Intracranial Aneurysm Market CAGR During 2022 – 2030 | 9.3% | |
| Intracranial Aneurysm Market Analysis Period | 2018 – 2030 | |
| Intracranial Aneurysm Market Base Year | 2021 | |
| Intracranial Aneurysm Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Type, By End-use and By Geography | |
| Electric Bed Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | B. Braun, Codman Neuro (Integra Life sciences), Johnson and Johnson Services Inc., Medtronic plc, Microport Scientific Corporation, MicroVention Inc. (Terumo Corporation), RAUMEDIC AG, and Stryker Corporation. BIOMODEX. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
Intracranial aneurysm is a medical condition that results in dilation or ballooning of the blood vessels in the brain. According to the statistics, nearly 3% of the global population is at risk of developing intracranial aneurysm in near future. The rapid adoption of endovascular coiling in the treatment is the leading aspect fueling the intracranial aneurysm market share. Additionally, introduction to technologically advanced products and growing demand for minimally invasive surgeries are the recent intracranial aneurysm market trends that is strengthening the industry growth.
A team led by the University of Geneva (UNIGE), the University Hospitals of Geneva (HUG) and the University of Utrecht are studying the genetic determinants of aneurysms, particularly to understand the various forms of the disease and to assess individual risk. The research team will examine the genome of more than 10,000 people suffering from aneurysms compared to that of 300,000 healthy volunteers. So far they have successfully identified 17 genetic abnormalities that are notably involved in the functioning of the vascular endothelium, the inner lining of blood vessels. According to the results published in the journal Nature Genetics, scientists have discovered a potential link between these genetic markers and anti-epileptic drugs. The research shows the possibility for certain drugs in the management of the disease.
COVID-19 Impact on the Global Intracranial Aneurysm Market Revenue
The COVID-19 outbreak in 2020 has had a severe influence on the intracranial aneurysm market by directly influencing demand and production, causing a disruption in the supply chain and raising the financial burden on enterprises. Brain procedures have frequently been postponed or even cancelled during this interval in order to minimize the transmission of the coronavirus. A large number of studies were also conducted to determine the influence of coronavirus on individuals with intracranial aneurysms. The study discovered that COVID-19 patients may develop neurological problems. This led in multiple occurrences of hemorrhagic and ischemic infarction, which boosted neurology sector sales. As a result, these factors have supported and will continue to support the intracranial aneurysm sector in the coming years.
Intracranial Aneurysm Market Dynamics
Increasing prevalence of brain aneurysm is the primary factor driving the growth of the global intracranial aneurysm market revenue. Growing research & development activities is another factor boosting the intracranial aneurysm market growth. However, high cost of this treatment is expected to stymie the industry growth. Furthermore, growing cases of hypertension and rising number of stroke worldwide are some of the factors that are creating significant growth opportunities for the market in the coming years.
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Intracranial Aneurysm Market Segmentation
The intracranial aneurysm market is segmented based on type, end-use, and geography. Based on type, the market is divided into surgical clipping, endovascular coiling, flow diverters, and others. According to our intracranial aneurysm market forecast, endovascular coiling accounted for more than 85% in 2021 and is expected to continue its dominance during the projected years from 2022 to 2030. The advantages of this treatment, such as simple access to the multiple aneurysms and vertebrobasilar system in remote places, as well as a quicker recovery period when compared to other procedures, are fueling the endovascular coiling market expansion.
By end-use, market segments include hospitals & clinics, ambulatory surgical centers, and others. According to our intracranial aneurysm industry analysis, the hospitals & clinics segment is leading the global intracranial aneurysm market and the segment is also anticipated to maintain its dominance over the forecast period from 2022 to 2030. The complexity of the procedure and the risk associated with the treatment is supporting the selection of hospitals by the patients.
Intracranial Aneurysm Market Regional Outlook
North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa are the regional categorizations of the Intracranial Aneurysm market industry.
In 2021, North America held the major share (%) in terms of revenue of the global intracranial aneurysm market, and the region is also projected to maintain its dominance over the forecast period from 2022 to 2030. The presence of major players in the region including Johnson and Johnson Services Inc., Medtronic plc, and MicroVention Inc. among others is supporting the regional market value.
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Intracranial Aneurysm Market Players
Some of the leading intracranial aneurysm competitors are B. Braun, Codman Neuro (Integra Life sciences), Johnson and Johnson Services Inc., Medtronic, Microport Scientific Corporation, MicroVention Inc. (Terumo Corporation), RAUMEDIC AG, and Stryker. Intracranial aneurysm companies have announced mergers and acquisitions, partnerships and collaborations, and new product development in order to uplift their position in the global intracranial aneurysm industry. For instance, Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) has entered into the technology transfer agreement in 2021 with the Biorad Medisys for two biomedical implants including atrial septal defect occluder and intracranial flow diverter stent.
According to the Department of Science and Technology (DST), the cost of the indigenous flow diverter stent is expected to be significantly lower than the imported ones which are currently available in the Indian market. Major players are also moving into new regions with advanced technologies for gaining a competitive advantage in the market.
Some of the key observations regarding the intracranial aneurysm companies include:
• A U.S.-based subsidiary of Terumo, MicroVention, Inc. has announced that it has got approval from the FDA for a new addition to the WEB Aneurysm Embolization System for the treatment of intracranial wide-neck bifurcation aneurysms. The premarket approval (PMA) got Woven EndoBridge (WEB) 17 systems is designed with the latest microbraid technology, features a lower profile delivery system compatible with the VIA™ 17 microcatheter, and includes additional device configurations.
• Frost & Sullivan recognized RapidAI with the Global Company of the Year Award 2020. The recognition is received for the global AI-based stroke imaging and diagnosis market segment. Rapid ICH uses Artificial intelligence (AI) to quickly triage NCCT scans to identify suspected intracranial hemorrhages (ICH).
• A new device for the treatment of intracranial aneurysms has received European CE Mark approval in 2020, announced by the medical device company Cerus Endovascular. The newly approved device is a unique, fine mesh braid that is deployed across the neck of the aneurysm sac and provides a combination of flow disruption and flow diversion through a single device implant.
Questions Answered By This Report
- What was the market size of Intracranial Aneurysm Market in 2021?
- What will be the CAGR of Intracranial Aneurysm Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Intracranial Aneurysm Market?
- Which region held the largest share in Intracranial Aneurysm Market in 2021?
- What are the key market drivers of Intracranial Aneurysm Market?
- Who is the largest end user Intracranial Aneurysm Market?
- What will be the Intracranial Aneurysm Market value in 2030?
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Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
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(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
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The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
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Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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