Major Players in Flow Diverters Market Investing Heavily in R&D and Manufacturing Capacity Expansion

What is Flow Diverters?

Flow diverters are medical devices used in the treatment of brain aneurysms. An aneurysm is a bulge or ballooning of a weakened area in a blood vessel, which can be life-threatening if it ruptures. A flow diverter is a small, flexible, mesh-like device that is placed inside the affected blood vessel to redirect blood flow away from the aneurysm, promoting clotting and allowing the vessel to heal.
Flow diverters work by reducing the flow of blood into the aneurysm, which promotes clotting and encourages the growth of new tissue around the aneurysm, effectively sealing it off. The device is placed using a minimally invasive procedure that involves threading a thin, flexible tube (catheter) through a blood vessel in the groin up to the aneurysm in the brain. The flow diverter is then deployed at the site of the aneurysm, where it expands and takes on a "mesh-like" structure, covering the weakened area and redirecting blood flow away from it.

Flow diverters are a relatively new treatment option for brain aneurysms and are generally considered to be safe and effective, with a low risk of complications. However, they are not suitable for all types of aneurysms, and the decision to use a flow diverter will depend on a number of factors, including the size, shape, and location of the aneurysm, as well as the patient's overall health and medical history. A neurosurgeon or interventional radiologist will be able to advice on the best treatment options for an individual patient.

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• CAGR: 15.3%
• Current Market Size: USD 251.5 Million
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2030
• Base Year: 2021

Flow Diverters Market -

The flow diverters market is a growing industry, driven by the increasing prevalence of brain aneurysms and the growing adoption of minimally invasive procedures for their treatment. According to a report by ResearchAndMarkets.com, the global flow diverters market was valued at $486.08 million in 2020 and is expected to reach $1.24 billion by 2028, growing at a compound annual growth rate (CAGR) of 12.1% from 2021 to 2028.

Factors driving the growth of the flow diverters market include the increasing demand for minimally invasive procedures, which offer shorter recovery times and fewer complications than traditional surgery, as well as the development of new and innovative flow diverter technologies. In addition, an aging population and increasing incidence of brain aneurysms are also expected to contribute to market growth.

The market is also characterized by a number of key players, including Medtronic, Stryker Corporation, MicroVention, Inc., and Balt USA, LLC, among others. These companies are actively investing in research and development to bring new flow diverter products to market and to improve the safety and effectiveness of existing devices.

Overall, the flow diverters market is expected to continue to grow in the coming years, driven by a combination of technological advances, increasing demand for minimally invasive procedures, and demographic factors such as an aging population.

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