Wilmington, Delaware, United States, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global intracranial stents market is projected to grow at a CAGR of 5.2% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 3.4 billion is anticipated for the market in 2031. As of 2023, the demand for intracranial stents is expected to close at US$ 2.3 billion.
The rising prevalence of conditions such as aneurysms, strokes, and intracranial stenosis worldwide is a significant driver for the market. As the population ages and lifestyle factors contribute to these conditions, the demand for intracranial stents as a treatment option is growing.
The growing elderly population, along with an increase in chronic neurological diseases and heightened investment in research and development for stroke and chronic neurological disease management, are driving the demand for intracranial stents. There is a growing preference for minimally invasive treatments among patients and healthcare providers due to their reduced risks, shorter recovery times, and improved quality of life.
Intracranial stents offer a minimally invasive alternative to traditional surgical interventions for cerebrovascular diseases, driving their adoption and market growth. Stenting, known for its minimally invasive nature, eliminates the need for large, open incisions in the body. Intracranial stents provide numerous advantages, including shortened recovery periods, decreased risk of complications, and reduced hospitalization durations.
Download Sample PDF Copy of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46416
Increasing awareness about cerebrovascular diseases and the availability of minimally invasive treatment options, including intracranial stenting, are contributing to market growth. Increased awareness among patients and healthcare professionals about the benefits of intracranial stents is driving demand for these devices.
Improvements in healthcare infrastructure, particularly in emerging economies, are expanding access to advanced medical treatments, including intracranial stenting. This is driving market growth by increasing the pool of patients eligible for intracranial stent procedures.
Key Takeaways from the Market Study
- As of 2022, the intracranial stents market was valued at US$ 2.2 billion.
- Based on product type, the self-expanding stent segment is expected to dominate the global market during the forecast period.
- Based on end-use, the hospitals segment is expected to account for high revenue in the market.
Intracranial Stents Market: Key Trends and Opportunistic Frontiers
- Ongoing innovation in stent design, materials, and delivery systems is enhancing the safety, efficacy, and biocompatibility of intracranial stents. Advanced technologies such as 3D printing, bioresorbable materials, and drug-eluting stents are driving market growth and expanding treatment options for patients.
- The intracranial stents industry is significantly influenced by rapid innovations in self-expanding stents and enhancements in stent flexibility. These advancements have led to major evolutions in intracranial stent designs over the years.
- Growing trend towards personalized treatment approaches in healthcare, including the use of intracranial stents tailored to individual patient characteristics and disease profiles.
- Evolving regulatory landscapes, particularly regarding medical device approvals and reimbursement policies, impact market dynamics and market entry strategies for manufacturers.
Intracranial Stents Market – Regional Analysis
- The North American market for intracranial stents is characterized by advanced healthcare infrastructure, favorable reimbursement policies, and high levels of awareness about neurological disorders. Technological advancements and significant investments in research and development contribute to market growth in this region.
- The Asia Pacific region presents immense growth opportunities for the intracranial stents market due to rapid urbanization, improving healthcare infrastructure, and rising disposable incomes. Growing awareness about minimally invasive treatment options and increasing healthcare expenditures contribute to market growth.
Competitive Landscape
Leading manufacturers are pioneering cutting-edge stent designs tailored for the treatment of intracranial aneurysms. They are embracing regenerative technologies to craft stents that seamlessly integrate with the body's tissues, ensuring optimal biocompatibility. Market players regularly introduce new intracranial stent products to address evolving customer needs and market demands.
- Penumbra, Inc.
- Medtronic
- Stryker Corporation
- Boston Scientific Corporation
- Johnson & Johnson Services, Inc.
- Cook Medical
Product Portfolio
- Penumbra Inc. is focused on developing innovative therapies for neurovascular and other medical conditions. They offer a range of products for neurovascular interventions, including intracranial stents, thrombectomy devices, and embolization coils.
- Medtronic develops and manufactures a wide range of medical devices, including those for neurovascular interventions. Their portfolio includes intracranial stents, embolization coils, flow diversion devices, and other neurovascular products.
Unlock Growth Potential in Your Industry ! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46416
Intracranial Stents Market – Key Segments
Product Type
- Self-expanding Stents
- Balloon Expanding Stents
- Stent-assisted Coil Embolization
Disease Indication
- Intracranial Stenosis
- Brain Aneurysm
End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=46416<ype=S
More Trending Reports by Transparency Market Research –
Dental Gypsum Market - The global dental gypsum market is anticipated to grow at a CAGR of 5.1% during the forecast period from 2022 to 2031.
Stethoscope Market - The global stethoscope market is likely to expand at a CAGR of 6% from 2022 to 2032.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
