Tag: intracranial stents industry

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What fueled the previous growth in the intracranial stents market?

There has been a significant expansion in the size of the intracranial stents market in the past few years. It is projected to escalate from $0.48 billion in 2024 to $0.55 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.0%. The substantial growth during the historical period can be credited to factors such as heightened awareness about stroke dangers, enhanced patient learning, advancement in radiation safety protocols, an aging demographic, and the advent of less invasive procedures.

What will be the intracranial stents market size in the future?

The market for intracranial stents is projected to experience substantial expansion in the coming years, anticipated to escalate to $1 billion by 2029 with an impressive 16.3% compound annual growth rate (CAGR). The anticipated growth is linked to factors such as the proliferation of telehealth services, advancing healthcare infrastructure, embracement of genomic medicine, an increase in stroke rehabilitation services, and heightened health initiatives. During the forecast period, key market trends are expected to involve the acceptance of bioresorbable intracranial stents, integration of cutting-edge imaging technologies, utilization of neurointerventional robotics, adoption of pediatric intracranial stents, and the development of dual antiplatelet therapy strategies.

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What main drivers are fueling expansion in the intracranial stents market?

The escalation in occurrence of brain aneurysms is predicted to spur the expansion of the intracranial stents market in future years. A brain aneurysm refers to a swelling in the brain’s blood vessels. This swelling can rupture, potentially leading to a brain haemorrhage and resulting in patient mortality. Intracranial vessel stenting (IVS) serves as a less invasive solution for treating severe cerebral artery stenosis, a condition marked by weakening of the arteries supplying blood to the brain. For example, Medical News Today, a UK-based health news site, reported in February 2023 that approximately 3.2% of the global population have unruptured aneurysms. Consequently, the rising occurrence of brain aneurysms is anticipated to stimulate the growth of the intracranial stents market.

What key areas define the segmentation of the global 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

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Who are the dominant players expanding their reach in the intracranial stents market?

Major companies operating in the intracranial stents market include Medtronic plc, Balt Extrusion LLC., Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, Acandis GmbH, Admedes Schuessler GmbH, MicroVention Inc., Phenox GmbH, Terumo Corporation, Johnson & Johnson Services Inc., Abbott Laboratories, Brainlab AG, Cardiatis SA, Cook Medical LLC, DePuy Synthes, Endologix Inc., InspireMD Inc., Integra LifeSciences Corporation, Kaneka Corporation, Kerecis Limited, Penumbra Inc., Rapid Medical Ltd., Vascular Solutions Inc., W. L. Gore & Associates Inc., Biotronik SE & Co. KG, Cardionovum GmbH, Codman Neuro, C.R. Bard Inc., Cerebral Stents.

How are evolving market trends shaping intracranial stents Strategies?

Leading firms in the intracranial stents market are introducing innovative products such as the Onyx Frontier drug-eluting stent (DES), as part of their strategy to boost market profitability. The Onyx Frontier, a drug-eluting stent (DES), offers treatment for coronary artery disease (CAD), a condition instigated by an accumulation of plaque in the coronary arteries. To illustrate, Medtronic plc, a medical device enterprise based in Ireland, launched the Onyx Frontier drug-eluting stent (DES) in August 2022. The design of the stent is optimally suited for complex percutaneous cardiac intervention (PCI), offering excellent deliverability. Clinical data and the acute performance of the Resolute Onyx DES underpin the design of the Onyx Frontier DES, which offers improved delivery functionality and superior acute performance.

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Which regions are emerging as leaders 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.

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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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About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

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Europe +44 2071930708

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