Intracranial Stents Market Size Industry Share, Analysis, Growth 2032

Intracranial Stents Industry Prospective:

The global Intracranial Stents market size accrued earnings worth approximately USD 2.32 Billion in 2023 and is predicted to gain revenue of about USD 3.82 Billion by 2032, is set to record a CAGR of nearly 5.68% over the period from 2024 to 2032.

The study includes drivers and restraints of the intracranial stents market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the intracranial stents market on a global level.

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Intracranial Stents Market: Overview

A mesh-like tube-shaped object that is made of nitinol is called a stent. The stent used for intracranial pathology is self-expanding in nature. Balloon expanding stents, self-expanding stents, and stent-assisted coil embolization are the types of intracranial stents. The intracranial stents are majorly used for treating intracranial stenosis and brain aneurysms. Intracranial stenosis is narrowing of brain blood vessels majorly due to atherosclerosis, which helps in building plaques or blood clots. Atherosclerosis happens when fatty deposits build on the inside of arteries.

They make the arteries narrower and harder, making them more likely to become blocked. Brain aneurysms are thin or weak spots on the wall of a blood vessel in the brain that balloons out and fills with blood. The intracranial stents open up the blood vessels by making a way for the blood to pass.

The growing prevalence of chronic neurological diseases and the rising geriatric population are some key factors contributing toward the growth of the intracranial stents market globally. Moreover, innovation in technology for intracranial stents and an increasing number of research activities for the development of advanced stents are boosting the growth of the intracranial stents market globally. However, the high cost of embolization coils and lack of skilled procession may hamper the intracranial stents market in developing and underdeveloped countries.

In order to give the users of this report a comprehensive view of the intracranial stents market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new disease indication launch, agreements, partnerships, collaborations & joint ventures, research & development, disease indication, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to the region.

Intracranial Stents Market: Segmentation

The global intracranial stents market is segmented into product type, disease indication, and end-user.

By product type, the global intracranial stents market is segmented into balloon expanding stents, self-expanding stents, and stent-assisted coil embolization.

By disease indication, the market is segmented into brain aneurysm and intracranial stenosis.

By end-user, the market is segmented into ambulatory surgery centers, hospitals, and others.

Intracranial Stents Market: Report Scope

Intracranial Stents Market: Regional Analysis

By region, North America dominated the global intracranial stents market in 2018 and is anticipated to remain dominant over the forecast time period as well. This can be attributed to the presence of a large geriatric population that is prone to strokes and the high adoption of technically advanced products in the region. The Asia Pacific intracranial stents market is expected to register a high rate of growth in the future, owing to a large base of geriatric population in Japan and intracranial diseases being the second most common cause of death for people above the age of 60.

Intracranial Stents Market: Competitive Analysis

Some key players of the global intracranial stents market are

• Acandis
• Penumbra, Inc
• MicroPort Scientific
• Medtronic
• Phenox
• Stryker Corporation
• Boston Scientific Corporation
• DePuy Synthes
• Cook Medical
• Terumo Corporation

This report segments the global intracranial stents market as follows:

Global Intracranial Stents Market: Product Type Analysis

• Balloon Expanding Stents
• Self-Expanding Stents
• Stent-Assisted Coil Embolization

Global Intracranial Stents Market: Disease Indication Analysis

• Brain Aneurysm
• Intracranial Stenosis

Global Intracranial Stents Market: End-User Analysis

• Ambulatory Surgery Centers
• Hospitals
• Others

Global Intracranial Stents Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa