Intracranial Stents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 04 21:18 2022
Intracranial Stents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
The Intracranial Stents Market is expected to grow at a CAGR of 8.98% during the forecast period 2022-2029.

Market Overview:

Intracranial Stents Market was valued US$ 360 million in 2021 and is estimated to reach US$ 702.8 million by 2029, growing at a CAGR of 8.98% during the forecast period (2022-2029).

An intracranial stent is a tubular structure that is placed within the canal, duct, or blood vessel. They are used for the remedy of intracranial stenosis. Intracranial stenosis is because of narrowing of the blood vessels or blood clots because of the constructing up of fats, plaque, and other materials within the blood vessels. This condition reasons stroke within the carotid artery inside the neck or an intracranial artery.

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Market Dynamics

Rising incidence of persistent neurological sicknesses drives the boom of the marketplace

According to the Brain Aneurysm Foundation, a brain aneurysm causes around 500,000 deaths annually and is greater common among girls. BAF estimates that aneurysms are major within the age institution of 35–60 years, and their occurrence will increase if a first-degree relative like a parent, sibling, or child has aneurysms. In addition, patients with genetic issues like connective tissue issues or polycystic kidney disorder commonly suffer from cerebral aneurysms.

According to September 2020 in Frontiers in Neurology Journal, the yearly national prevalence for IIH became 1.15 out of one hundred,000 inside the United States. Also, in line with every other take a look at published in August 2020 in the equal journal, the prevalence of IIH become comparable in Middle Eastern international locations, such as Kuwait and other regions, but turned into better than in western regions. It became predicted at 2 consistent with 100,000.

According to the Journal of Neurology, Neurosurgery and Psychiatry, Chinese have been greater dangerous to ICAS than Caucasians, with an in advance age of onset. It represents the maximum superior degree of ICAD and is a not unusual reason of Transient Ischemic Attack (TIA) and ischemic stroke.

Market Segmentation:

By Product Type

  • Self-expanding stents
  • Balloon expanding stents
  • Stent-assisted coil embolization

By Disease Indication

  • Brain aneurysm
  • Intracranial stenosis

By Design

  • Open-cell
  • Closed-cell

By Uses

  • Neuroform
  • Solitaire
  • Enterprise
  • Leo Plus
  • Wingspan

By End User

  • Hospitals
  •  Ambulatory Surgical Centers
  • Clinics
  •  Others

Competitive Landscape

The intracranial stents market is highly competitive, owing to big market players in the industry. The key intracranial stents players which are contributing to the growth of the global market include Penumbra, Inc., Medtronic plc, Stryker Corporation, Boston Scientific Corporation Inc., Terumo Corporation, Cook Medical, DePuy Synthes, Balt Extrusion S.A., MicroPort Scientific Corporation, and Abbott Laboratories among others.

The major players are adopting new product development and expansion strategies for global growth in the intracranial stents market. In March 2020, In India, Sree Chitra Tirunal Institute for Medical Sciences and Technology, developed an intracranial flow diverter stent for treating brain aneurysms.

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