Press release
Intracranial Stents Market Growth Factors Discussed Along With Potential Key Players : Medtronic, Balt Extrusion S.A., MicroPort, Abbott, Stryker
Intracranial Stents
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The global intracranial stents market size was valued at US$ 313.5 million in 2017, and is expected to witness a CAGR of 15.6% over the forecast period (2018 – 2026).
Major companies operating in the global intracranial stents market include Medtronic Plc, Balt Extrusion S.A., MicroPort Scientific Corporation, Abbott Laboratories, Stryker Corporation, Admedes Schuessler GmbH, Cardiatis, S.A, DePuy Synthes, Acandis GmbH, and Penumbra, Inc.
Market Dynamics
Factors such as increasing prevalence of brain aneurysms and stroke, government programs to decrease the burden of traumatic brain injury, technological advancements plugging treatment gaps and availability of reimbursement are propelling demand for intracranial stents. However, high cost and stringent government regulations is negatively impacting growth of the market. Companies are therefore, adopting different strategies such as providing FDA approved on-site training, strategic collaborations, and technology upgrades in order to increase their market presence and engage with customers. For instance, in January 2018, Stryker announced the positive results of WEAVE, the post market surveillance study of the company's Wingspan stent system, for the patients suffering from intracranial atherosclerotic disease (ICAD). Thus, providing more opportunities in procedural approach with significant results.
Detailed Segmentation:
Global Intracranial Stents Market, By Product Type:
-Self-Expanding Intracranial Stents
-Embolization Coil Support Intracranial Stents
Global Intracranial Stents Market, By Disease Indication:
-Brain Aneurysms
-Intracranial Stenosis
Global Intracranial Stents Market, By End User:
-Hospitals
-Ambulatory Surgical Centers
Global Intracranial Stents Market, By Region:
-North America
-U.S.
-Canada
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa
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