Balloon expanded Intracranial Stents Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2031)

Market Overview and Report Coverage

Balloon expanded intracranial stents are devices used in the treatment of intracranial stenosis, a condition where there is narrowing of the blood vessels within the brain. These stents are inserted into the affected blood vessel and expanded with the help of a balloon to improve blood flow and prevent stroke.

The future outlook of the balloon expanded intracranial stents market looks promising, with the market expected to grow at a CAGR of 4.70% during the forecasted period. This growth can be attributed to the increasing prevalence of cerebrovascular diseases and the rising demand for minimally invasive procedures. Moreover, advancements in stent technology, such as the development of bioresorbable stents and drug-eluting stents, are expected to drive market growth further.

The current outlook of the balloon expanded intracranial stents market is positive, with key players focusing on expanding their product portfolios through research and development activities. Additionally, increasing healthcare expenditure and awareness about the benefits of intracranial stents are expected to contribute to market growth in the coming years.

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Market Segmentation 2024 to 2031

The Balloon expanded Intracranial Stents Market Analysis by types is segmented into:

• Open Loop Stents
• Closed-Loop Stents

Balloon expanded intracranial stents are used in the treatment of intracranial atherosclerosis. There are two types of stents available in the market: open loop stents and closed-loop stents. Open-loop stents are designed with gaps between struts to allow the stent to conform to the vessel wall, while closed-loop stents have a more solid structure with no gaps. Both types of stents are deployed via a balloon angioplasty procedure to support the blood vessel and improve blood flow in the brain, reducing the risk of stroke.

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The Balloon expanded Intracranial Stents Market Industry Research by Application is segmented into:

• Ischemic Stroke
• Hemorrhagic Stroke

Balloon-expanded intracranial stents are used in the treatment of ischemic strokes by improving blood flow to the brain and reducing the risk of recurrent strokes. They can also be utilized in the management of hemorrhagic strokes by providing structural support to weakened blood vessels and preventing further bleeding. These stents are crucial in both ischemic and hemorrhagic stroke cases, as they help in reducing complications and improving patient outcomes.

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In terms of Region, the Balloon expanded Intracranial Stents 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


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What are the Emerging Trends in the Global Balloon expanded Intracranial Stents market?

- Minimally invasive procedures: There is a growing demand for minimally invasive procedures in the treatment of intracranial stenosis, which is driving the adoption of balloon expanded intracranial stents.

- Technological advancements: Innovations in balloon expanded intracranial stents such as the development of bioresorbable stents and drug-eluting stents are shaping the market.

- Rising prevalence of neurological disorders: The increasing prevalence of neurological disorders is fueling the demand for balloon expanded intracranial stents.

- Shift towards outpatient procedures: The shift towards outpatient procedures is providing a boost to the growth of the balloon expanded intracranial stents market.

- Growing geriatric population: The growing geriatric population is a key factor driving the demand for balloon expanded intracranial stents as they are more prone to neurological disorders.

Balloon expanded Intracranial Stents Market Competitive Analysis

Medtronic is a leading player in the expanded intracranial stents market. The company has a strong presence in the medical devices industry with a wide range of products. Medtronic has a history of innovation and has been expanding its product portfolio through strategic acquisitions and partnerships. The company has shown steady market growth over the years and is expected to continue to grow with the increasing demand for intracranial stents.

Stryker is another key player in the expanded intracranial stents market. The company is known for its focus on research and development, leading to the introduction of innovative products in the market. Stryker has a strong global presence and has been witnessing significant market growth in recent years. The company's commitment to quality and patient safety has helped it maintain a competitive edge in the market.

MicroVention, a subsidiary of Terumo Corporation, is also a major player in the expanded intracranial stents market. The company specializes in neurovascular devices and has a strong reputation for high-quality products. MicroVention has been expanding its market presence through new product launches and strategic partnerships. The company has shown promising market growth and is considered a key player in the intracranial stents market.

As for sales revenue, Medtronic reported a total revenue of $30.56 billion in 2020. Stryker reported a total revenue of $14.6 billion in 2020. MicroPort Scientific reported a total revenue of $1.82 billion in 2020. These numbers indicate the strong market presence and financial performance of these companies in the expanded intracranial stents market.

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