Intracranial Stents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Intracranial Stents Market is Segmented by Type, Application (Intracranial Stenosis, Brain Aneurysm), End-User and Geography

Intracranial Stents Market Snapshot

Intracranial Stents Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.59 %

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Market Overview

The global intracranial stents market has grown significantly over the past two decades, and the market has been characterized by technological innovation and increasing preference for intracranial stents for the treatment of intracranial stenosis and management of stroke. As there is a rapid rise in the geriatric population there is an increasing use of intracranial stents that helps in driving the overall market. There is an increasing demand for minimally invasive surgeries has also helped this market grow.

However, the lack of skilled professionals for operating using intracranial stents and the possibility of complications have been restraining the growth of the market.

Scope of the Report

Intracranial stents are small tubes that are placed into brain arteries that open the blocked arteries, allowing improved blood to flow to the brain or fill the aneurysm that may cause the blood to clot.

By Type
Self-expanding Stents
Balloon Expanding Stents
Stent-assisted Coil Embolization
By Application
Intracranial Stenosis
Brain Aneurysm
By End-User
Hospitals
Ambulatory Surgery Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Application in Brain Aneurysm is Expected to Dominate the Market

With the increase in elderly population, the market is expected to show better growth, as aging population are at higher risk for chronic illnes. According to a 2018 article by Andrew M et al., published in Statpearls, the estimated worldwide prevalence of cerebral aneurysms is approximately 3.2%, with a mean age of 50. The report also states that the occurrence is equally likely in both of the sexes, however, this ratio changes significantly after age 50.

The stent coils fill the aneurysm, block it from circulation, and cause the blood to clot, which obliterates the aneurysm and stabilize the artery. Hence, as stent effectively treats aneurysm, the high prevalence of brain aneurysm is expected to help the market grow in future

Intracranial Stents Market

North America is Expected to Dominate the Intracranial Stents Market

According to Brain Aneurysm Foundation 2019 data, an estimated 6.5 million people in the United States have an unruptured brain aneurysm, which translates to approximately 1 in 50 people. About 30,000 people in the United States suffer a brain aneurysm rupture each year. Moreover, women are more likely than men to have a brain aneurysm with an uneven 3:2 ratio.

North American countries like the United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy presence of many global market players. As high and increasing demand is met by the presence of global players in the US, the market is further expected to increase.

Intracranial Stents Market

Competitive Landscape

Majority of the Intracranial Stents are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Minimally Invasive Intracranial Surgeries

      2. 4.2.2 Rising Prevalence of Stroke

      3. 4.2.3 Rising Geriatric population

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professional for Operating using Intracranial Stents

      2. 4.3.2 Cerebrovascular Complications Related to Intracranial Stenting

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Self-expanding Stents

      2. 5.1.2 Balloon Expanding Stents

      3. 5.1.3 Stent-assisted Coil Embolization

    2. 5.2 By Application

      1. 5.2.1 Intracranial Stenosis

      2. 5.2.2 Brain Aneurysm

    3. 5.3 By End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgery Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Penumbra, Inc.

      2. 6.1.2 Medtronic Plc

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 Boston Scientific Corporation

      5. 6.1.5 Johnson & Johnson Services, Inc.

      6. 6.1.6 Terumo Corporation

      7. 6.1.7 Cook Group

      8. 6.1.8 MicroPort Scientific

      9. 6.1.9 Acandis GmbH

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Intracranial Stents Market market is studied from 2018 - 2026.

The Intracranial Stents Market is growing at a CAGR of 7.59% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Johnson & Johnson are the major companies operating in Intracranial Stents Market.

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