The global demand for Flow Diverters Market is presumed to reach the market size of nearly USD 730.25 MN by 2030 from USD 235.1 MN in 2022 with a CAGR of 15.22% under the study period 2023 - 2030.
A flow diverter is a medical device that is used to treat brain aneurysms, which are weakened areas of blood vessels in the brain that can rupture and cause bleeding. A flow diverter is a mesh tube that is inserted into the affected blood vessel and redirects blood flow away from the aneurysm. Once the flow diverter is in place, it is expanded to fit the shape of the blood vessel and block off the aneurysm, while still allowing blood to flow through the vessel. The use of flow diverters has become an increasingly popular treatment option for brain aneurysms, particularly those that are difficult to treat using traditional surgical methods.
Market Dynamics
The incidence of brain aneurysms is on the rise, which is driving the demand for flow diverters. This is due in part to the aging population and the increasing prevalence of risk factors such as hypertension and smoking. There have been significant advancements in technology, including improvements in imaging techniques and the development of new materials, that have made flow diverters safer and more effective. Flow diverters are minimally invasive, which is attractive to both patients and physicians. This reduces the risk of complications and allows patients to recover more quickly. Flow diverters have been shown to have high success rates in treating brain aneurysms, with a low risk of recurrence. This is driving demand for the treatment. Healthcare expenditure has been increasing in many regions, which is driving demand for innovative treatments like flow diverters. Governments and private health insurers are increasingly offering reimbursement for flow diverters, which is making the treatment more accessible to patients. Patients and physicians are becoming more aware of flow diverters as a treatment option for brain aneurysms, which is driving demand for the treatment.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of flow diverters. The growth and trends of flow diverters industry provide a holistic approach to this study.
Market Segmentation
This section of the flow diverters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Diameter Size
- 2-3 Mm Flow Diverters
- 3-4 Mm Flow Diverters
- 4-5 Mm Flow Diverters
- >5 Mm Flow Diverters
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Flow Diverters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Flow Diverters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flow diverters market include Medtronic plc, Stryker Corporation, MicroVention Inc. (Terumo Corporation), Balt, MicroPort, Scientific Corporation, Phenox GmbH, Acandis GmbH, Cerus Endovascular Inc., CERENOVUS (Johnson & Johnson Services Inc.), InspireMD Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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