Global Neurovascular Stents Market, By Product Type (Intracranial Stents, Carotid Artery Stents), Material (Polymers, Metal, Others), End-User (Hospitals, Medical Center, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029.
Neurovascular Stents Market Analysis and Size
The size of the neurovascular stents market is anticipated to increase during the forecast period 2022-2029. Among the factors propelling the growth of this market are the rising prevalence of cardiovascular illnesses, high demand for less invasive procedures, technical developments in medical equipment, and the quick uptake of endovascular treatments.
Data Bridge Market Research analyses that the neurovascular stents market which was USD 1045.6 million in 2021, would rocket up to USD 2241.34 million by 2029, and is expected to undergo a CAGR of 10.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Neurovascular Stents Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Intracranial Stents, Carotid Artery Stents), Material (Polymers, Metal, Others), End-User (Hospitals, Medical Center, Ambulatory Surgical Centers, Others)
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Countries Covered
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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.
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Market Players Covered
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BD (U.S.), Cook (U.S.), B. Braun Melsungen AG (Germany), Medtronic (Ireland), Terumo Corporation (Japan), Lombard Medical (U.K.), Johnson and Johnson Private Limited (U.S.), Cardinal Health (U.S.), Boston Scientific Corporation (U.S.), MicroPort Scientific Corporation (China), Merit Medical Systems (U.S.)
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Market Opportunities
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Market Definition
A neurovascular stent is a medical device that can be put within a blood vessel to enhance blood flow. It is composed of metal or synthetic materials. When treating atherosclerosis, the constriction of the arteries brought by the accumulation of fatty plaques on their walls, neurovascular stents are frequently employed. Additionally, aneurysms occlude vessels, which increases the risk of rupture (rupture).
Neurovascular Stents Market Dynamics
Drivers
- Rising neurovascular diseases
The growth of the neurovascular stents market would be impacted by the rising incidence and prevalence of neurovascular diseases such as ischemic stroke, brain aneurysm, stenosis, and other illnesses connected to the neurovascular system during the forecast period of 2022 and 2029.
- Increasing prevalence of stents
In the forecast period, factors such as the rising prevalence of many neurovascular disorders, including cerebral aneurysms, excessive alcohol use, insufficient physical activity, poor dietary habits, and stress, will fuel the expansion of the neurovascular stents market. On the other hand, the market for neurovascular stents will expand during the forecast period due to the increasing prevalence of these stents and their enhanced technology.
Opportunities
- Increase in minimally invasive procedures
Factors such as rise in incidence of cerebral disorders such as malformation, stenosis, and brain aneurysm are expected to drive the market in the region in the near future. Additionally, increase in acceptance of minimally invasive procedure to treat neurovascular diseases is expected to drive the market during the forecast period.
Restraints/Challenges
On the other hand, the high product cost will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the neurovascular stents market.
This neurovascular 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 localized 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 the neurovascular 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.
Global Neurovascular Stents Market Scope
The neurovascular stents market is segmented on the basis of product type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Intracranial Stents
- Carotid Artery Stents
Material
- Polymers
- Metal
- Others
End-User
- Hospitals
- Medical Center
- Ambulatory Surgical Centers
- Others
Neurovascular Stents Market Regional Analysis/Insights
The neurovascular stents market is analysed and market size insights and trends are provided by country, product type, material and end-user as referenced above.
The countries covered in the neurovascular 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 neurovascular stents market due to the growing number of geriatric population along with adoption of innovative medical technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
The neurovascular stents market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurovascular stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurovascular stents market. The data is available for historic period 2010-2020.
Competitive Landscape and Neurovascular Stents Market Share Analysis
The neurovascular 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 neurovascular stents market.
Some of the major players operating in the neurovascular stents market are:
- Cook (U.S.)
- B. Braun Melsungen AG (Germany)
- Medtronic (Ireland)
- Terumo Corporation (Japan)
- Lombard Medical (U.K.)
- Johnson and Johnson Private Limited (U.S.)
- Cardinal Health (U.S.)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- MicroPort Scientific Corporation (China)
- Merit Medical Systems (U.S.)
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