Press release
Stent Assisted Coiling Market Size 2024 to 2031.
Market Overview and Report CoverageA stent-assisted coiling is a minimally invasive procedure used in the treatment of intracranial aneurysms, where a stent is deployed inside the blood vessel to provide support and stability during the coiling procedure. The global stent-assisted coiling market is expected to grow at a CAGR of 3.60% during the forecasted period.
The future outlook of the stent-assisted coiling market looks promising due to the increasing prevalence of intracranial aneurysms and the growing demand for minimally invasive procedures. The technological advancements in stent design and materials are also driving market growth, as they improve the efficacy and safety of stent-assisted coiling procedures. Additionally, the rising awareness about the benefits of minimally invasive treatments among patients and healthcare providers is expected to boost the adoption of stent-assisted coiling techniques.
Overall, the current and future outlook of the stent-assisted coiling market is positive, with a steady growth rate projected for the coming years. The market is expected to witness further advancements in stent technology and increased adoption of minimally invasive treatment options, contributing to the overall growth and development of the stent-assisted coiling market.
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Market Segmentation
The Stent Assisted Coiling Market Analysis by types is segmented into:
• Self-Expandable Stents
• Liquid Embolic Devices
• Flow-diversion Devices
• Embolic Coils
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Stent Assisted Coiling Market includes Self-Expandable Stents, Liquid Embolic Devices, Flow-diversion Devices, and Embolic Coils. Self-expandable stents are used to provide support in the blood vessel while coiling. Liquid embolic devices are injectable agents that help in blocking blood flow to an aneurysm. Flow-diversion devices are stents that redirect blood flow away from the aneurysm. Embolic coils are wire coils inserted into an aneurysm to block blood flow and promote clotting. These devices play a crucial role in treating intracranial aneurysms.
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The Stent Assisted Coiling Market Industry Research by Application is segmented into:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others
The stent-assisted coiling market finds application in hospitals, clinics, ambulatory surgical centers, and other healthcare facilities. Hospitals utilize stent-assisted coiling for sophisticated procedures and treatments. Clinics offer these services for more convenient and accessible care. Ambulatory surgical centers provide a less invasive option for patients needing stent-assisted coiling. Other healthcare facilities include specialized centers or practices that cater specifically to certain patient populations. Overall, the market serves a wide range of healthcare settings to meet diverse patient needs.
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In terms of Region, the Stent Assisted Coiling Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Stent Assisted Coiling market?
Emerging trends in the global stent-assisted coiling market include increasing adoption of minimally invasive techniques for treating cerebral aneurysms, advancements in stent technology leading to improved outcomes and reduced complications, growing prevalence of aneurysms among the aging population, rising healthcare expenditure in developing countries, and the development of innovative stent designs to enhance efficiency and safety. Additionally, the increasing focus on research and development activities, collaborations between key players to expand product portfolios, and the rise in demand for technologically advanced medical devices are also key trends shaping the market landscape.
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Major Market Players
DePuy Synthes is a part of the Johnson & Johnson Medical Devices Companies, specializing in orthopedic and neurosurgical solutions. DePuy Synthes offers a range of products for stent-assisted coiling procedures, including coils, stents, and microcatheters. The company has a strong presence in the global market with a focus on innovation and research and development.
Medtronic is a leading medical technology company that offers a wide range of products and services for patients with chronic diseases. Medtronic's neurovascular division provides innovative solutions for stent-assisted coiling procedures, including devices for aneurysm treatment. The company has shown consistent growth in the market and has a strong presence in key regions worldwide.
Stryker Corporation is a multinational medical technologies company that operates in several segments, including neurovascular solutions. Stryker offers a comprehensive portfolio of products for stent-assisted coiling procedures, catering to the needs of healthcare professionals and patients. The company has a significant market share and has experienced steady growth in recent years.
In terms of sales revenue, Medtronic reported total revenue of $30.126 billion in fiscal year 2021, while Stryker Corporation reported total revenue of $16.016 billion in the same period. DePuy Synthes, as part of Johnson & Johnson, does not disclose specific revenue figures for its neurosurgical division but contributes to the overall revenue of the company.
Overall, these companies are key players in the competitive stent-assisted coiling market, providing innovative products and solutions for healthcare professionals and patients. With a focus on research and development, market expansion, and strategic partnerships, they are poised to continue growing and leading the market in the coming years.
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