Coil Assisted Flow Diverters Market is expected to reach US$ 465.85 million With CAGR of 7.6% during 2021–2028 | Cerus Endovascular Ltd.; Balt; MicroPort Medical Company; Stryker; Acandis GmbH; lepu medical; Penumbra Inc.; Microvention, Inc.; DePuy Synt

According to our new research study on “Coil Assisted Flow Diverters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to reach US$ 465.85 million by 2028 from US$ 278.23 million in 2021; it is estimated to grow at a CAGR of 7.6% during 2021–2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the factors such as rising incidence of intracranial aneurysms and growing incidence of hypertension, smoking, alcoholism, and obesity. However, the high cost of neurosurgical devices restrains the growth of the market.

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Based on application, the coil assisted flow diverters market is bifurcated into wide-neck bifurcation aneurysms and narrow neck bifurcation aneurysms. The wide-neck bifurcation aneurysms segment held a larger market share in 2021, and the same segment is anticipated to register a higher CAGR in the market during the forecast period. Neurointerventionalists are constantly developing new technologies to treat wide-necked aneurysms. The initial technique included the use of intraluminal devices, such as balloons and stents, for the embolization of an aneurysm. However, the introduction of flow-diverting devices created a paradigm shift for the endovascular treatment of wide-necked aneurysms. For instance, in March 2020, the research team of Sree Chitra Thirunal Institute of Medical Science and Technology (SCTIMST) announced the development of an innovative intracranial flow diverter stent for the treatment of aneurysms of blood vessels of brain.

Cerus Endovascular Ltd.; Balt; MicroPort Medical Company; Stryker; Acandis GmbH; lepu medical; Penumbra Inc.; Microvention, Inc.; DePuy Synthes; and Medtronic are among the leading companies operating in the coil assisted flow diverters market.

Market Insights

Rising Incidence of Intracranial Aneurysms

Coil assisted flow diverters are stent-like devices used for the embolization of intracranial aneurysms. The incidence of intracranial aneurysms is increasing across the world. For instance, the Brain Aneurysm Foundation, Statistics and Facts report stated that around 6.5 million people (that is 1 in 50 people) in the US have an unruptured brain aneurysm. The report has also mentioned that 20% of the total people diagnosed with a brain aneurysm have more than one aneurysm. It has further reported that, every year, around 30,000 people in the US suffer from a brain aneurysm rupture, and a brain aneurysm rupture takes place in every 18 minutes. Also, Brain Aneurysm Foundation of Canada reported that about 8 to 10 people in 100,000, or around 2,800 to 3,500 Canadians, suffer from a burst aneurysm every year, which accounts for about 3% of all hemorrhagic strokes. Further, as per the National Health Service (NHS), 1 in 12,500 people have a ruptured brain aneurysm in England each year. Additionally, as per the ‘Unruptured Intracranial Aneurysms—Pathogenesis and Individualized Management’ report published in Deutsches Ärzteblatt International in 2020, around 2 million adults in Germany have an unruptured intracranial aneurysm (IA). Thus, the increasing prevalence of intracranial aneurysms drives the growth of the coil assisted flow diverters market.

The report segments the coil assisted flow diverters market as follows:

By Application

Wide-Neck Bifurcation aneurysms
Narrow-Neck Bifurcation aneurysms

By End User

Hospitals
Clinics
Ambulatory Surgical Centers

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of Middle East and Africa
South and Central America (SCAM)
Brazil
Argentina
Rest of South and Central America

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