How Will the Intracranial Stents Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Intracranial Stents Market Grow Over the Forecast Period Based on Its Expected CAGR?
In recent times, the market size for intracranial stents has seen rapid expansion. The value is projected to jump from $0.48 billion in 2024 to $0.55 billion in 2025, marking a compound annual growth rate (CAGR) of 15.0%. Several factors account for this growth during the historic period, including heightened knack for stroke risk awareness, enhanced patient understanding, a surge in radiation safety precautions, a rise in the aging populous, and the advent of minimally invasive procedures.
In the coming years, a swift expansion is projected in the size of the intracranial stents market, with an estimation to reach $1 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.3%. The surge predicted during this stage is linked to the broadening scope of telehealth services, integration of genomic medicine, improvement in healthcare facilities, escalation of stroke rehab services, and rising health initiatives. Main trends anticipated during this period encompass the use of bioresorbable intracranial stents, implementation of neurointerventional robotics, incorporation of sophisticated imaging technologies, use of pediatric intracranial stents, and the formulation of dual antiplatelet therapy strategies.
What Are the Primary Drivers Supporting the Growth of the intracranial stents Market?
The anticipated rise in brain aneurysm cases is set to fuel the expansion of the intracranial stents market in the approaching years. A brain aneurysm is characterized by a lump development in the brain’s blood vessels, posing a risk of rupture or bursting that can trigger a brain haemorrhage, potentially resulting in the patient’s demise. Intracranial vessel stenting (IVS), a less intrusive treatment method, is employed to manage severe cerebral artery stenosis, a condition that denotes the weakening of arteries supplying blood to the brain. For instance, the UK-based Medical News Today reported in February 2023 that approximately 3.2% of the global population have unruptured aneurysms. Therefore, the escalating occurrence of brain aneurysms is set to steer the growth of the intracranial stents market.
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What Are the Leading Organizations Impacting the Intracranial Stents Market’s Growth?
Major companies operating in the intracranial stents market include:
• Medtronic plc_x000D_
• Balt Extrusion LLC._x000D_
• Stryker Corporation_x000D_
• MicroPort Scientific Corporation_x000D_
• Boston Scientific Corporation_x000D_
What Are the Most Prominent Trends Driving Change in the Intracranial Stents Market?
Intracranial stents market leaders are expanding their market profitability through innovative new product launches such as the Onyx Frontier drug-eluting stent (DES). The Onyx Frontier is a DES designed for the treatment of coronary artery disease (CAD) resulting from plaque build-up within coronary arteries. A prime example of this is in August 2022, when Medtronic plc, a medical device company based in Ireland, introduced the Onyx Frontier drug-eluting stent (DES). The structure of this stent is perfectly suited for advanced percutaneous cardiac intervention (PCI) due to its high deliverability. The Onyx Frontier DES, built upon the clinical success and acute performance of the Resolute Onyx DES, offers improved delivery mechanisms and superior acute performance.
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What Major Market Segments Define the Scope and Growth of the Intracranial Stents Market?
The intracranial stents market covered in this report is segmented –
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
Subsegments:
1) By Self-Expanding Stents: Neurovascular Self-Expanding Stents, Biodegradable Self-Expanding Stents
2) By Balloon Expanding Stents: Drug-Eluting Balloon Expanding Stents, Bare Metal Balloon Expanding Stents
3) By Stent-Assisted Coil Embolization: Detachable Coil Systems, Non-Detachable Coil Systems
What Regions Are Leading the Charge in the Intracranial Stents Market?
North America was the largest region in the intracranial stents market in 2024. Asia-Pacific is expected to be the fastest region in the intracranial stents market share during the forecast period. The regions covered in the intracranial stents market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Is the Intracranial Stents Market Defined Across Different Regions?
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.
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