How Will The Intracranial Stents Market Size Grow In The Coming Years?
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
North America held the largest intracranial stents market share, and Asia-Pacific was the fastest-growing region in 2022.
The global intracranial stents market size grew 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%.
Major Driver In The Intracranial Stents Market – 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 Segments
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
Recent Intracranial Stents Market Trend – Introduction Of 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.
Intracranial Stents Market Prominent Players
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.
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The Intracranial Stents Global Market Report 2023 provides a comprehensive overview on the intracranial stents market size, trends and drivers, opportunities, strategies, and companies 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.
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