Intracranial Stents Market to Perceive Rapid Growth 2018–2026 Medtronic Plc, Balt Extrusion S.A., MicroPort Scientific Corporation, Abbott Laboratories, Stryker Corporation, Admedes Schuessler GmbH, Cardiatis,

Increasing number of neurological disorders and traumatic accidents is propelling demand for introduction of technically advanced intracranial stents to treat intracranial atherosclerosis or brain aneurysm, which in turn is directly contributing to growth of the intracranial stent market. For instance, according to the United Nations data of 2011, around 1 billion people, i.e., 1 in every 6 of the world’s population suffered from neurological disorders such as epilepsy, Alzheimer’s, strokes, multiple sclerosis, and migraines.

Furthermore, According to Centers for Disease Control and Prevention, 2014, around 2.5 million cases of traumatic accidents are registered in U.S. that lead to brain infection, meningitis, and aneurysm, which in turn is propelling the intracranial stents market growth. However, the intracranial stents market appears to be highly concentrated due to the presence of few vendors in the market. Moreover, the product is facing less acceptance among surgeons due to the risks of complications regarding the stent movement and bleeding in the brain after surgery. Furthermore, stringent government regulations regarding the use of intracranial stents to a specific age group of patients and severity of the condition of the patient, delays the entry of product in this market.

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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.

Key players in the intracranial stents market are focused on improving the quality of stents, which can maintain the position of endovascular coils during and after the procedure, thereby increasing product acceptance by healthcare professionals and patients. Moreover, various key players are engaged in obtaining product approval from regulatory authority to increase their geographical reach and strategic collaborations, mergers and acquisitions to retain leading position in market.

For instance, in February 2016, Codman Neuro launched the Codman Enterprise 2 Vascular Reconstruction Device, a self-expanding stent and delivery system used to treat wide-necked intracranial aneurysms and helps secure the placement of endovascular coils during and after the procedure and maintains blood flow through the artery. Furthermore, in January 2017, MicroPort Medical (Group) Co., Ltd. received China Food and Drug Administration (FDA) approval for their portfolio of APOLLO Intracranial Stent System in large sizes, for treating intracranial artery stenosis by improving blood supply in cerebral arteries.

Some of the major players 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.

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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 Intracranial Stents Market
By Country:
U.S.
Canada
By Product Type:
Self-Expanding Intracranial Stents
Embolization Coil Support Intracranial Stents
By Disease Indication:
Brain Aneurysm
Intracranial Stenosis
By End User:
Hospitals
Ambulatory Surgical Centers

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