Press release
Cerebral Vascular Stent Market to Reach $378.7 Million by 2030 at 8.2% CAGR Driven by Aging Population, Stroke Cases, Minimally Invasive Surgeries
Cerebral Vascular Stent Market
The report provides an extensive overview of the cerebral vascular stent market, delineating key segments, major players, and anticipated growth rates during the forecast period.
According to a comprehensive research report by Market Research Future (MRFR), titled "Cerebral Vascular Stent Market Information by Product, End User, and Region - Forecast till 2030", the market is expected to witness a robust growth trajectory, to register USD 378.7 million at a CAGR of 8.20% during the forecast period of 2022-2030.
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Top Growth Drivers:
Despite being a developed nation with advanced healthcare infrastructure, the United States exhibits a significant disease burden, with around six out of every ten individuals affected. As stroke cases surge and hospital admissions increase, there is a corresponding rise in the demand for effective cerebral vascular stents. Additionally, advancements in stenting technologies, a growing elderly population, and a preference for minimally or non-invasive surgeries contribute to the expanding cerebral vascular stent market.
Aging is associated with physiological changes in brain vasculature, heightening susceptibility to cerebrovascular disorders. Mayo Clinic identifies aging as a prominent non-modifiable risk factor for stroke, with risk doubling every decade after the age of 55. The majority of strokes occur in individuals over the age of 65. Therefore, as the global elderly population grows, driving up the incidence of strokes, the demand for cerebral vascular stents is expected to escalate significantly.
The cerebral vascular stent market is characterized by intense competition, with numerous companies vying for market leadership and enhanced profitability. With companies actively pursuing growth strategies to capture larger market shares, the global market is poised for steady progress throughout the forecast period.
Competitive Landscape:
The top industry participants profiled in the report include:
Stryker Corporation (US)
Boston Scientific Corporation (US)
Johnson & Johnson Services, Inc. (US)
Cook Medical (US)
Penumbra, Inc. (US)
Terumo Corporation (Japan)
Medtronic plc (Ireland)
Acandis GmbH (Germany)
Phenox GmbH (Germany)
MicroPort Scientific Corporation (China)
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Regional Analysis:
North America: Expected to lead the cerebral vascular stent market, attributed to increasing health awareness, rising incidence of cerebrovascular disorders, technological advancements in healthcare, and the presence of key market players in the region.
Europe: Anticipated to experience significant market growth driven by a growing elderly population (aged over 65) and a rise in cerebrovascular disorders. A report by King's College London forecasts a 23% increase in stroke cases in Europe by 2047 compared to 2017 data.
Asia-Pacific: Projected as the fastest-growing regional market, fueled by factors such as increasing awareness of clinical outcomes, a large population base, rising geriatric population, and a surge in cerebrovascular disorders.
Rest of the World: Encompasses Middle East, Africa, and Latin America. This region is expected to emerge as a lucrative market due to the high adoption rate of modern medical devices and the rapid expansion of the healthcare industry.
Browse In-depth Market Research Report (120 Pages) on Cerebral Vascular Stent: https://www.marketresearchfuture.com/reports/cerebral-vascular-stent-market-9147
Segmentation:
By Type: Segmented into tantalum, stainless steel, and nitinol. The nitinol segment is expected to dominate the market due to its superior characteristics and broad applications in stents.
By End User: Classified into hospitals and ambulatory surgical centers. Hospitals are expected to hold the largest market share due to the increasing prevalence of cerebrovascular disorders worldwide, necessitating medical intervention.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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