The Intracranial Stents Market is expected to register a CAGR of 5.0% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Intracranial Stents Market By Type (Self-Expanding Intracranial Stents and Embolization Coil Support Intracranial Stents); Application (Intracranial Stenosis and Brain Aneurysms); End User (Hospitals and Ambulatory Surgical Centers) , and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Intracranial Stents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Intracranial Stents Market Segmentation
By Type
- Self-Expanding Intracranial Stents and Embolization Coil Support Intracranial Stents
Application
- Intracranial Stenosis and Brain Aneurysms
End User
- Hospitals and Ambulatory Surgical Centers
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Intracranial Stents Market Growth Drivers
- Rising Prevalence of Neurological Disorders: The need for intracranial stents is being greatly impacted by the rising incidence of diseases such brain aneurysms, strokes, and IIH. Over 12.2 million new occurrences of stroke are reported to occur worldwide each year, with older persons accounting for a sizable share of these incidents.
- Rising Invesment in R&D: Businesses are spending a lot of money on research and development to create new goods and advance current technologies. It is anticipated that this emphasis on R&D will quicken market expansion as new solutions become accessible. Such a factor is expected to aid the overall market growth in futute years.
- Growth in Cerebral Venous Sinus Stenting (VSS): One particular pattern that has been observed is the significant rise in VSS procedures—which increased by 80% between 2016 and 2020—for treating severe IIH. This indicates that VSS is becoming more widely accepted and acknowledged as a viable therapeutic alternative in place of more established techniques like CSF shunts.
Intracranial Stents Market Future Trends
- pEGASUS HPC Stent: This stent, which was introduced by Wallaby/phenox, has an anti-thrombogenic HPC coating technology. It is intended especially for those with stenoses and cerebral aneurysms associated with intracranial atherosclerotic disease (ICAD). This coating attempts to promote blood flow and minimize the risk of ischemic strokes by inhibiting clot formation around the stent
- Pipeline Vantage: This fourth-generation flow diverter was introduced by Medtronic with the goal of treating brain aneurysms endovascularly. Because of its sophisticated design, patient safety and procedural efficiency are improved during delivery and deployment. Such a factor has aided the overall market growth in the recent past and is expected to continue a similar trend during the foreacsat period.
- Neuroform Atlas Stent: In 2019, the FDA approved this self-expanding stent, which was developed by Stryker. It is meant to be used in conjunction with detachable embolization coils and is supposed to enhance the results of brain aneurysm treatment. Such a factor is expected to create ample oppotunities for the growth of the current market.
Intracranial Stents Market Opportunities
- Advancements in Delivery Systems: Improvements in catheter-based surgery have produced more trauma-free implantation environments through more efficient delivery methods. By making it easier to precisely insert stents within the complex circulatory structures of the brain, these technologies reduce the risks that come with open procedures.
- Self Expandind Stents: Because of its benefits, which include flexibility, a lower chance of difficulties, and long-term stability, this category has grown in favor. Patients can recover more quickly from minimally invasive procedures when self-expanding stents are used.Such a factor has aided the overall market growth in the recent past and is expected to continue a similar trend during the foreacsat period.
- Biocompatibility:The creation of biocompatible materials is essential to minimizing unfavorable post-implantation reactions. The goal of testing new materials is to decrease inflammatory responses, which can result in problems like restenosis or thrombosis, and to better integrate with the surrounding tissue.
Intracranial Stents Market Regional Insights
The regional trends and factors influencing the Intracranial Stents Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Intracranial Stents Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Intracranial Stents Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2023 - 2031) | 5.0% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Intracranial Stents Market Players Density: Understanding Its Impact on Business Dynamics
The Intracranial Stents Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Intracranial Stents Market are:
- Medtronic
- Abbott
- Stryker
- Balt Extrusion
- MicroPort Scientific Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Intracranial Stents Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Intracranial Stents Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Intracranial Stents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Availibility of Substitutes
North America region held the largest share in 2023
Asia Pacific region is expected to witness the highest growth during the forecast period
Rising Prevalence of Neurological Disorders
The Intracranial Stents Market is estimated to witness a CAGR of 5.0% from 2023 to 2031
Advancements in Delivery Systems
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- Medtronic
- Abbott
- Stryker
- Balt Extrusion
- MicroPort Scientific Corporation
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- Cardiatis
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- Penumbra, Inc.