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Intracranial Stents Market Growth Accelerated by Rising Incidence of Brain Aneurysm and Technological Advancements
Intracranial Stents Market
What Is The Projected Market Size Of The Global Intracranial Stents Market And Its Growth Rate?
The intracranial stents market has witnessed significant growth and is expected to further rise owing to:
• Increase from $0.48 billion in 2024 to $0.55 billion in 2025 with a CAGR of 15.0%.
• Factors behind historic period growth include heightened awareness of stroke risks, improved patient education, rise in radiation safety measures, aging population, and the emergence of minimally invasive techniques.
• Further rise to $1 billion in 2029 at a CAGR of 16.3%.
• Future growth attributed to the expansion of telehealth services, adoption of genomic medicine, rising healthcare infrastructure, expansion of stroke rehabilitation services, and rising health initiatives.
What Is Driving The Growth In The Intracranial Stents Market?
The increase in the incidence of a brain aneurysm is driving the growth of the intracranial stents market. A brain aneurysm is a bulge that forms in the blood vessels of the brain which can rupture or burst, sometimes leading to brain haemorrhage and potentially fatal outcomes. Intracranial vessel stenting (IVS) can treat serious cerebral artery stenosis, a condition characterized by the weakening of the arteries that deliver blood to the brain. For instance, in February 2023, Medical News Today, a UK-based medical news website, reported that about 3.2% of people worldwide have unruptured aneurysms. Thus, the increase in brain aneurysm incidence is fueling the intracranial stents market growth.
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Who Are the Key Players Driving Intracranial Stents Market Growth?
Key players in the intracranial stents market include:
• Medtronic plc
• Balt Extrusion LLC.
• Stryker Corporation
• MicroPort Scientific Corporation
• Boston Scientific Corporation
• Acandis GmbH
• Admedes Schuessler GmbH
• MicroVention Inc.
• Phenox GmbH
• Terumo Corporation
• Johnson & Johnson Services Inc.
• Abbott Laboratories
• Brainlab AG
• Cardiatis SA
• Cook Medical LLC
• DePuy Synthes
• Endologix Inc.
• InspireMD Inc.
• Integra LifeSciences Corporation
• Kaneka Corporation
• Kerecis Limited
• Penumbra Inc.
• Rapid Medical Ltd.
• Vascular Solutions Inc.
• W. L. Gore & Associates Inc.,
• Biotronik SE & Co. KG
• Cardionovum GmbH
• Codman Neuro
• C.R. Bard Inc.
• Cerebral Stents
What Are The Key Trends In The Intracranial Stents Market?
Noteworthy trends in the forecast period include:
• Adoption of bioresorbable intracranial stents
• Adoption of neurointerventional robotics
• Integration of advanced imaging technologies
• Adoption of pediatric intracranial stents
• Developing dual antiplatelet therapy strategies
What Are The Segments Of The Global Intracranial Stents Market?
The Intracranial Stents Market is segmented as follows:
1) By Type: Self Expanding Stents, Balloon Expanding Stents, Stent-Assisted Coil Embolization
2) By Disease Indication: Brain Aneurysm, Intracranial Stenosis
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users
Which Region Leads The Intracranial Stents Market?
North America was the largest region in the intracranial stents market in 2024, while Asia-Pacific is predicted to be the fastest-growing region during the forecast period. The other regions represented in the report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Intracranial Stents Market Global Market Report?
- Market Size Analysis: Analyze the Intracranial Stents Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intracranial Stents Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intracranial Stents Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intracranial Stents Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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