The global demand for Intracranial Stents Market is presumed to reach the market size of nearly USD 5.43 Billion by 2032 from USD 3.16 Billion in 2023 with a CAGR of 6.19% under the study period 2024 - 2032.
Intracranial stents are devices used to treat various cerebral vascular diseases. They increase the walls of narrowed blood vessels in the brain caused by intracranial atherosclerotic disease, which is caused by the accumulation of fat and plaque in the vessels. They can be categorized into self-expanding intracranial stents, and embolization coil supports intracranial stents. The major end-users of intracranial stents are Hospitals and ambulatory surgical centers (ASCs).
Market Dynamics
The market for intracranial stents is poised for significant growth, driven by several factors. The increasing incidence of brain aneurysm and stroke, combined with the advent of advanced technology, is a key driver. The expanding geriatric population and the surge in research and development activities are also expected to contribute to this growth. Moreover, the rising cases of hypertension and the growing healthcare sector, along with the increasing adoption of intracranial stents for neurological disorder treatment, are set to further expand the market. While device costs may pose a challenge, the overall market potential remains promising.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of intracranial stents.
Market Segmentation
The broad intracranial stents market has been sub-grouped into product type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Stent-assisted Coil Embolization
- Self-expanding Stents
- Balloon Expanding Stents
By End-User
- Ambulatory Surgery Centers
- Hospitals
- Others
By Application
- Intracranial Stenosis
- Brain Aneurysm
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for intracranial stents in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Intracranial Stents Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Intracranial Stents market include Penumbra Inc., Medtronic Plc, Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson Services Inc., Terumo Corporation, Cook Group, MicroPort Scientific, Acandis GmbH, Balt Extrusion, MicroPort Scientific Corporation, phenox GmbH. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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