Press release
Flow Diverters Market Projected to Reach USD 1,596.17 Million by 2034 | CAGR: 13.4%
Flow Diverters Market
Market Overview
Flow diverters are intravascular medical devices that help redirect the flow of blood away from regions with aneurysms or obstructions in blood flow within the blood vessel. They facilitate the normal flow of blood from other branches of the blood vessel while blood flow is constricted in weaker areas, which are prone to aneurysms. Flow diverters are in the form of biocompatible stents which do not react with the human body. They comprise a high density network of metal wires which are placed within the blood vessels.
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Growth Drivers
• Technological advancement in flow diverters has led to their greater effectiveness due to the presence of finer mesh structure and improved biocompatibility, thereby improving the quality of life for a patient. Advancements in 3D imaging and real time monitoring of the inner workings of the flow diverter help surgeons plan effectively.
• The surge in endovascular diseases has further given rise to the adoption of minimally invasive surgeries. The use of flow diverters has decreased the risk of infection as well as reduced post-operative recovery time and pain. These factors have further led to the propelling of the flow diverters market.
Major Participants
Many healthcare companies and medical equipment companies are taking an eager interest in the flow diverters market due to the wide range of benefits they offer to patients.
• Medtronic
• Stryker Corporation
• Johnson & Johnson (via its subsidiary, Neurovascular)
• Abbott Laboratories
• Terumo Corporation
• Penumbra, Inc.
• Asahi Intecc
• Balt Extrusion
• Cook Medical
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Flow Diverters Market Key Report Highlights
• Based on flow diverter type, the pipeline embolization device (PED) segment dominates the market due to its proven effectiveness in treating complex intracranial aneurysms. At the same time, the flow modulation device (FMD) is the fastest-growing segment, driven by its emerging clinical adoption and benefits in treating vascular conditions with reduced complications.
• Based on application, the intracranial aneurysms segment holds the largest market share due to their high prevalence and the effectiveness of flow diverters in treating these conditions. The arteriovenous malformations (AVMs) segment is experiencing the fastest growth, supported by increasing clinical recognition of flow diverters' potential in treating complex vascular malformations.
• Nitinol is the leading material segment due to its flexibility and biocompatibility, making it ideal for use in flow diverters. The cobalt-chromium alloy segment is registering the fastest growth, driven by its improved strength and visibility during procedures.
Segmental Analysis
• The flow diverters market is segmented into flow diverter type, application, material, delivery system, and region.
• Based on flow diverter type, the market is classified into pipeline embolization device (PED), flow modulation device (FMD), stent assisted coiling (SAC), and others. The pipeline embolization device (PED) segment holds the largest market share.
• The material segment is categorized into nitinol, cobalt-chromium alloy, stainless steel, and others. The nitinol segment holds the largest market share.
By Flow Diverter Type Outlook (Revenue-USD Million, 2020-2034)
• Pipeline Embolization Device (PED)
• Flow Modulation Device (FMD)
• Stent-Assisted Coiling (SAC)
• Others
By Application Outlook (Revenue-USD Million, 2020-2034)
• Intracranial Aneurysms
• Arteriovenous Malformations
• Carotid Artery Disease
• Others
By Material Outlook (Revenue-USD Million, 2020-2034)
• Nitinol
• Cobalt-Chromium Alloy
• Stainless Steel
• Others
By Delivery System Outlook (Revenue-USD Million, 2020-2034)
• Over-the-Wire Delivery System
• Catheter-Based Delivery System
• Others
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Regional Overview
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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