The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s intracranial stents market report forecasts the intracranial stents market size to grow to $0.73 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

Learn More On The Intracranial Stents Market Report 2023 – https://www.thebusinessresearchcompany.com/report/intracranial-stents-global-market-report

Intracranial Stents Market Size Forecast
The global intracranial stents market is expected to grow from $0.36 billion in 2022 to $0.43 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intracranial stents market size is expected to grow to $0.73 billion in 2027 at a CAGR of 14.2%.

North America held the largest intracranial stents market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Intracranial Stents Market Driver ­– Increase In Incidence Of A Brain Aneurysm
According to the brain aneurysm foundation, by 2020, an expected 6.5 million people in the USA are suffering from an unruptured brain aneurysm, accounting for about one in every 50 people. Additionally, a brain aneurysm causes around 500,000 deaths globally every year and is more common among women. Thus, the increasing incidence of a brain aneurysm will drive the intracranial stents market growth.

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Key Intracranial Stents Market Trend – Introducing Flow Diversion Technology
The introduction of flow diversion technology to the field of neurointervention has revolutionized the treatment of intracranial aneurysms which is a key trend gaining popularity in the intracranial stents market. Flow diversion is an endovascular procedure in which a device is inserted in the parent blood vessel to move blood flow away from the aneurysm rather than around the aneurysm sac. For instance, in March 2020, Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) developed an innovative intracranial flow diverter stent for brain aneurysms treatment. Intracranial flow diverters have the benefit of becoming adaptable and flexible to the vessel’s shape and direction and also helps the vessel wall recover by relieving it of the continuous burden of blood flow. It is entitled as Chitra flow diverter, the device is ready for transfer and further testing in animals to be followed by human trials.

Intracranial Stents Market Segment
1) By Type: Self Expanding Stents, Balloon Expanding Stents, Stent-Assisted Coil Embolization
2) By Disease Indication: Brain Aneurysm, Intracranial Stenosis
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users

Intracranial Stents Market Major Players and Strategies
Major players in the intracranial stents market are Medtronic, Balt, Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, Acandis GmbH, Admedes Schuessler GmbH, MicroVention (Terumo), and Phenox.

In January 2021, Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an autonomous institute of the Department of Science & Technology (DST), Govt of India, under the Technical Research Centre (TRC), announced that it has entered into Technology Transfer Agreements with Biorad Medisys, for two biomedical implant devices namely an Atrial Septal Defect Occluder and an Intracranial Flow Diverter Stents developed by the institute in collaboration with National Aerospace Laboratories, Bangalore (CSIR-NAL)using superelastic NiTiNOL alloys. Biorad Medisys is an India-based company that manufactures various implants and surgical devices.

The Intracranial Stents Global Market Report 2023 covers regional data on intracranial stents market size, intracranial stents market trends and drivers, opportunities, strategies, and intracranial stents market competitor analysis. The countries covered in the intracranial stents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Intracranial stents are tubular device that is placed inside the blood vessel, canal, or duct. They are used for intracranial stenosis and brain aneurysms to open the blocked arteries.

View More Reports Related To The Intracranial Stents Market –
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