Press release
Rising Incidence Of Brain Aneurysms Boosts Growth In The Intracranial Stents Market
Intracranial Stents Market Demand
What Is the Projected Growth of the Intracranial Stents Market?
In recent times, the market size for intracranial stents has experienced significant growth. It is projected to increase from $0.48 billion in 2024 to $0.55 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.0%. The remarkable growth in the historical period is due to factors such as heightened awareness regarding the risks of stroke, better patient education, advancements in radiation safety measures, a rising elderly population, and the advent of minimally invasive procedures.
The market for intracranial stents is predicted to experience significant expansion in the upcoming years, swelling to a value of $1 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 16.3%. The projected growth within this period can be linked to the broadening of telehealth services, the integration of genomic medicine, improvements in healthcare infrastructure, the development of stroke rehabilitation services, and increasing health initiatives. Key trends anticipated within this timeframe encompass the acceptance of bioresorbable intracranial stents, the incorporation of neurointerventional robotics, the merger of cutting-edge imaging technologies, the use of pediatric intracranial stents, and the advancement of dual antiplatelet therapy strategies.
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What Are the Different Intracranial Stents Market Segments?
The intracranial stents market covered in this report is segmented -
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
Subsegments:
1) By Self-Expanding Stents: Neurovascular Self-Expanding Stents, Biodegradable Self-Expanding Stents
2) By Balloon Expanding Stents: Drug-Eluting Balloon Expanding Stents, Bare Metal Balloon Expanding Stents
3) By Stent-Assisted Coil Embolization: Detachable Coil Systems, Non-Detachable Coil Systems
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What Are the Primary Drivers Shaping the Intracranial Stents Market?
The prominence of brain aneurysms is predicted to stimulate the rise of the intracranial stents market in the impending years. A brain aneurysm signifies the formation of a swelling in the brain's blood vessels, and this swelling has the potential to rupture or break, resulting in a brain haemorrhage that can be fatal. A less invasive treatment method for severe cerebral artery stenosis is intracranial vessel stenting (IVS). Cerebral artery stenosis refers to the weakening of the arteries supplying blood to the brain. As reported by Medical News Today, a UK-based medical news portal, in February 2023, nearly 3.2% of the global population were living with unruptured aneurysms. Consequently, the rise in brain aneurysm cases is anticipated to fuel the expansion of the intracranial stents market.
Which Companies Are Leading in the Intracranial Stents Market?
Major companies operating 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 Major Trends Shaping the Intracranial Stents Market?
Prominent entities in the intracranial stents market are introducing new products like Onyx Frontier drug-eluting stent (DES) to boost their market earnings. Onyx Frontier is a DES specifically designed to combat coronary artery disease (CAD), a condition caused by plaque build-up in the coronary arteries. To illustrate, Medtronic plc, a medical devices firm based in Ireland, launched the Onyx Frontier drug-eluting stent (DES) in August 2022. The structure of the stent is perfect for complex percutaneous cardiac intervention (PCI) and ensures high deliverability. The Onyx Frontier DES builds itself upon the acute performance and clinical data of the Resolute Onyx DES, providing an improved delivery system and superior acute efficacy.
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What Are the Top Revenue-Generating Geographies in the Intracranial Stents Market?
North America was the largest region in the intracranial stents market in 2024. Asia-Pacific is expected to be the fastest region in the intracranial stents market share during the forecast period. The regions covered in the intracranial stents market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Intracranial Stents Market?
2. What is the CAGR expected in the Intracranial Stents Market?
3. What Are the Key Innovations Transforming the Intracranial Stents Industry?
4. Which Region Is Leading the Intracranial Stents Market?
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