Press release
Intracranial Stents Market Analysis 2023-2032: Business Growth, Recent Developement, Global Trends And Major Players | Medtronic, Balt, Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Intracranial Stents Global Market Report 2023 identifies increase in incidence of a brain aneurysm as the major driver for the Intracranial Stents Market's growth in the forecast period. A brain aneurysm is the development of a bulge in the blood vessels of the brain. This bulge may rupture or burst and can cause brain hemorrhage, which may lead to the death of the patient. Intracranial vessel stenting (IVS) is a minimally invasive treatment for treating serious cerebral artery stenosis. The weakening of the arteries that deliver blood to the brain is known as cerebral artery stenosis.
The global intracranial stents market size grew from $0.36 billion in 2022 to $0.43 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intracranial stents market size is expected to grow to $0.73 billion in 2027 at a CAGR of 14.2%.
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Major competitors in the intracranial stents market are Medtronic, Balt, Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, Acandis GmbH, Admedes Schuessler GmbH, MicroVention (Terumo), and Phenox.
A key trend in the Intracranial Stents Market includes introduction of flow diversion technology. Flow diversion is an endovascular procedure in which a device is inserted in the parent blood vessel to move blood flow away from the aneurysm rather than around the aneurysm sac. For instance, in March 2020, Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) developed an innovative intracranial flow diverter stent for brain aneurysms treatment. Intracranial flow diverters have the benefit of becoming adaptable and flexible to the vessel's shape and direction and also helps the vessel wall recover by relieving it of the continuous burden of blood flow. It is entitled as Chitra flow diverter, the device is ready for transfer and further testing in animals to be followed by human trials.
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The Intracranial Stents Market is segmented -
By Type: Self Expanding Stents, Balloon Expanding Stents, Stent-Assisted Coil Embolization
By Disease Indication: Brain Aneurysm, Intracranial Stenosis
By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Intracranial Stents Market.
The Business Research Company's "Global Intracranial Stents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Intracranial Stents Market Include:
1. Executive Summary
2. Intracranial Stents Market Characteristics
3. Intracranial Stents Market Trends And Strategies
4. Intracranial Stents Market - Macro Economic Scenario
5. Intracranial Stents Market Size And Growth
……
26. Africa Intracranial Stents Market
27. Intracranial Stents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intracranial Stents Market
29. Intracranial Stents Market Future Outlook and Potential Analysis
30. Appendix
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