Global Intracranial Stents Market, By Product Type (Self-Expanding Intracranial Stents, Embolization Coil Support Intracranial Stents), Disease Indication (Brain Aneurysm, Intracranial Stenosis), End-User (Hospitals, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Intracranial Stents Market
Intracranial stents market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 695.4 USD million and grow at a CAGR of 8.75% in the above-mentioned forecast period. Rising prevalence of intracranial disorders, which may be caused due to numerous factors such as genetic disorders and accidents, drives the intracranial stents market.
Intracranial stenosis is type of disease in which the blood vessels or blood clots starts narrowing down due to building up of fats, plaque, and other substances in the blood vessels. This condition generally leads to a stroke either to the carotid artery in the neck or in an intracranial artery. Stents which are used to prevent this condition act as a permanent implant which allows blood flow to the brain by opening the blocked arteries. Angioplasty as well as placement of a stent may be an appropriate treatment for the patients who have had a stroke or transient ischemic attack (TIA). Though, with the advancement of the new self-expanding brain stents, the rate of reoccurrence of artery narrowing can be lowered.
Rising innovation in technology for intracranial stents and an increasing number of research activities for the development of advanced stents is the vital factor escalating the market growth, also rising government initiatives which are taken in order to decrease the global burden of brain diseases, increased demand for minimally-invasive procedures, rising availability of embolic device and others, increase in risk factors such as hypertension, diabetes, and obesity due to unhealthy lifestyle of the people, rise in health care expenditure and expansion of the medical devices, increasing Change in health care reforms, rise in government initiatives, increase in the number of product manufacturers targeting the emerging regions, rising favourable reimbursement scenario, increasing rate of adoption of advanced medical devices along with the rapid expansion of the health care industry are the major factors among others driving the intracranial stents market. Moreover, rising technological advancements and modernization in the healthcare machinery, rising research and development activities in the healthcare sector and rising emerging markets with increasing geriatric population base will further create new opportunities for intracranial stents market in the forecasted period of 2021-2028.
However, increasing cost of the procedure and limited use of numerous intracranial stents to a small population are the major factors among others which will obstruct the market growth, and will further challenge the growth of intracranial stents market in the forecast period mentioned above.
Intracranial stents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intracranial stents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Intracranial Stents Market Scope and Market Size
Intracranial stents market is segmented on the basis of product type, disease indication and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, intracranial stents market is segmented into self-expanding intracranial stents and embolization coil support intracranial stents.
- Based on disease indication, the intracranial stents market is segmented into brain aneurysm and intracranial stenosis.
- The intracranial stents market is also segmented on the basis of end-user into hospitals and ambulatory surgical centers.
Intracranial Stents Market Country Level Analysis
Intracranial stents market is analysed and market size insights and trends are provided by country, product type, disease indication and end-user as referenced above.
The countries covered in the intracranial stents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the intracranial stents market due to increasing presence of a large aging population, rising adoption of cranio maxillofacial implants and technological advancements in the field in this region.
The country section of the intracranial stents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Intracranial stents market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for intracranial stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the intracranial stents market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Intracranial Stents Market Share Analysis
Intracranial stents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intracranial stents market.
The major players covered in the intracranial stents market report are Abbott, Johnson & Johnson, Services, Inc., Medtronic, Acandis GmbH, Terumo Corporation, W.L. Gore& Associates, Stryker, MicroPort Scientific Corporation, Cardinal Health, Penumbra, Inc., Cardiatis, Balt, ADMEDES GmbH, Obex, MicroPort Scientific Corporation and Boston Scientific Corporation or its affiliates, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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