Neurovascular Stent Market Boosting the Healthcare Industry Worldwide

Neurovascular Stent Market: Introduction

• Stent is a medical device that can provide scaffolding to organ walls and vessels to keep the arteries open
• Neurovascular stent is a tube-like, flexible, and small device. Neurovascular stent is either made from polymer or metal.
• Various types of stents have been used in the field of neurovascular diseases such as aneurysms and atherosclerosis
• In 2002, Neuroform Stent (Stryker) was approved by the U.S. Food and Drug Administration (USFDA), followed by Enterprise stent (Cordis) in 2007, for use in coil embolization of wide-necked intracranial aneurysms
• The device is used to treat several conditions related to brain such as ischemic stroke and stenosis formation in the blood vessels

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Key Drivers of Global Neurovascular Stent Market

• Increase in prevalence and incidence of neurovascular diseases such as stenosis, ischemic stroke, brain aneurysm, and other illnesses related to neurovascular system primarily drives the global neurovascular stent market
• According to the Global Burden of Disease (GBD) 2016, stroke is the second leading cause for the death worldwide. An estimated 5.5 million deaths were occurred due to stroke in 2016.
• Additionally, rise in excessive alcohol consumption, unhealthy diet, less physical activity, smoking, and stress has increased the incidence of various neurovascular diseases such as cerebral aneurysms. These factors are expected to drive the neurovascular stents market during the forecast period.

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Carotid Artery Stents Segment Accounted for Major Share of Global Neurovascular Stent Market

• Based on product type, the global neurovascular stent market can be divided into carotid artery stents and intracranial stents
• The carotid artery stents segment is anticipated to be the dominating segment during the forecast period
• Rise in incidence and prevalence of brain and cerebral aneurysm is projected to increase the need for carotid artery stents
• Additionally, increase in technologically advanced neurovascular stents is expected to drive the carotid artery stents segment during the forecast period

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Hospital Segment to Offer Attractive Opportunities

• In terms of end-user, the global neurovascular stent market can be classified into hospitals, ambulatory surgical centers, and others
• The hospitals segment is expected to account for major share of the global neurovascular stent market by 2027
• The segment dominance can be attributed to increase in number of hospitals
• However, the ambulatory surgical centers segment is expected to grow at a higher CAGR due to increase in minimally invasive surgeries at ambulatory surgical centers

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North America to Dominate the Global Neurovascular Stent Market

• In terms of region, the global neurovascular stent market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.
• Factors such as rise in incidence of cerebral disorders such as malformation, stenosis, and brain aneurysm are expected to drive the market in the region in the near future
• Additionally, increase in acceptance of minimally invasive procedure to treat neurovascular diseases is expected to drive the market during the forecast period

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Key Players Operating in Global Market
The global neurovascular stent market is consolidated with the presence of few international players taking up the major share of the global neurovascular stent market.

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