Global Intracranial Stents Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
29 Jul, 2021
The intracranial stents market consists of sales of intracranial stents by entities (organizations, sole traders, and partnerships) that manufacture intracranial stents. Intracranial stents are the 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.
Global Intracranial Stents Market Size And Drivers:
The global intracranial stents market is expected to grow from $328.57 million in 2020 to $368.18 million in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth in the intracranial stents market is mainly due to the increasing incidence of a brain aneurysm and strokes, increase in preference for intracranial stents for the treatment of intracranial stenosis and management of stroke, increasing demand for minimally invasive Intracranial Surgeries, increase in the adoption of technologically advanced intracranial stents, growing prevalence of high blood pressure, and rapid rise in the geriatric population. The market is expected to reach $700.90 million in 2025 at a CAGR of 17.5%. The increasing incidence of a brain aneurysm is expected to propel the growth of the intracranial stents market in the coming years.
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Trends In The Global Intracranial Stents Market
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 help the vessel wall recover by relieving it of the continuous burden of blood flow.
Global Intracranial Stents Market Segments:
The global intracranial stents market is further segmented based on type, disease, end user and geography.
By Type: Self Expanding Stents, Balloon Expanding Stents, Stent-Assisted Coil Embolization
By Disease Indication: Brain Aneurysm, Intracranial Stenosis
By End-User: Hospitals, Ambulatory Surgery Centers, Others
By Geography: The global intracranial stents market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. North America is the largest region in the intracranial stents market in 2020.
Read More On The Report For The Global Intracranial Stents Market At:https://www.thebusinessresearchcompany.com/report/intracranial-stents-market-global-market-report
Intracranial Stents Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides intracranial stents market overviews, analyzes and forecasts market size and growth for the global intracranial stents market, intracranial stents market share, intracranial stents market players, intracranial stents market segments and geographies, intracranial stents market’s leading competitors’ revenues, profiles and market shares. The intracranial stents market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.