Intracranial stents are used for the treatment of atherosclerosis in the carotid or intracranial arteries. Stents are permanent implants that open the blocked arteries, allowing increased blood flow to the brain.
Market trend Snapshot
Global Intracranial Stents market was valued at 445 million USD in 2019 and expected to reach 1,206 million USD by 2026, growing at a CAGR of 15.31%. This report provides comprehensive and in-depth analysis and prediction of the Intracranial Stents industry.
The increasing incidence of stroke and brain aneurysm, a growing number of geriatric populations along with stoke, and integration of advanced software with existing products are factors that propelling the Intracranial Stents market growth. Furthermore, favorable government initiatives and growing awareness in the Intracranial Stents field are some of the other factors that drive the Intracranial Stents market growth. On the contrary side, high treatment costs, lack of skilled professionals, and limited use of various intracranial stents to a small population are considered as factors that projected to hinder the market growth.
From Base year 2018 to forecast year 2026
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Key Market Players Profile
Key market players covered in the report such as Medtronic, Stryker, MicroVention (Terumo), Abbott, Balt, Boston Scientific, Obex Medical, DePuy Synthes (Johnson & Johnson), and MicroPort Scientific. These players’ market share, revenue, company profile, and SWOT analysis are covered in the Intracranial Stents report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
North America holds the largest Intracranial Stents market share
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
North America dominated the Intracranial Stents market with a share of 32.71% and expected to maintain dominance during the forecast period. This can be attributed to the presence of a large geriatric population that is more prone to strokes along with the high adoption of technically advanced products in the region. The high prevalence of neurological diseases and high per capita healthcare expenditure along with the existence of strong healthcare infrastructure are some other factors driving the growth of the intracranial stents market in North America.
The Asia Pacific was the second largest market with a share of 29.83% and expected to be the fastest growing region during the predicted years. This is mainly owing to the large base of geriatric population in Japan. Intracranial diseases are the second most common cause of death for people above the age of 60. Moreover, the Asian population is more prone to intracranial disease. The incidence is as high as 30–50% among the Chinese population. According to the transcranial Doppler study, the incidences of asymptomatic middle cerebral artery (MCA) stenosis ranges from 7.2% to 30% among the Asian patients with vascular risks without a history of stroke or transient ischemic attack. ICAD causes 30-50% of strokes in Asia, making it one of the most common causes of stroke across the region.
Europe occupied a share of 27.33% in 2018 due to robust research and development activities, high awareness about new product developments, and huge government support to avail the best treatment.
Intracranial Stents Type and Application Sketch
By type
Self-expandable Stents segment is anticipated to dominate the Intracranial Stents market during the forecast period.
By application
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Intracranial Stents Report provides
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Intracranial Stents Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Intracranial Stents Market by Types
4 Segmentation of Intracranial Stents Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Intracranial Stents Market in Major Countries
7 North America Intracranial Stents Landscape Analysis
8 Europe Intracranial Stents Landscape Analysis
9 Asia Pacific Intracranial Stents Landscape Analysis
10 Latin America, Middle East & Africa Intracranial Stents Landscape Analysis
11 Major Players Profile
11.1 Medtronic
11.1.1 Medtronic Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Stryker
11.3 MicroVention(Terumo)
11.4 Abbott
11.5 Balt
11.6 Boston Scientific
11.7 Obex Medical
11.8 DePuy Synthes (Johnson & Johnson)
11.9 MicroPort Scientific
…
Target Audience:
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