Intracranial Stents Market By Type Of Product (Self-Expanding Intracranial Stents, Balloon Expanding Stents, Stent-Assisted Coil Embolization), By Disease (Brain Aneurysms, Intracranial Stenosis) - Growth, Future Prospects, And Competitive Analysis, 2018 - 2026

Industry Outlook

The intracranial stents market had a market value of US$ 293.7 million in 2017 and was expected to grow at a CAGR of 9.9% between 2018 and 2026. Rising prevalence and awareness related to intracranial cerebral atherosclerosis are identified as two of the key factors responsible for the growth of the intracranial stent market. The highest reported incidence of intracranial cerebral atherosclerosis was found in the Asian, Hispanic, and African descent populations; around 8–10% of all ischemic strokes are the result of intracranial cerebral atherosclerosis. According to the Centers for Disease Control and Prevention (CDC), 40,000 to 60,000 new strokes per year are recorded in the United States due to intracranial cerebral atherosclerosis. Thus, the overall growth of the intracranial stent market will continue at a significant rate.

Market Synopsis

Self-expanding intracranial stents were identified as the fastest-growing intracranial stents market throughout the forecast period.

Self-expanding intracranial stents have been identified as the most advanced and efficient intracranial stents due to the presence of minimal side effects, increased awareness related to safe intracranial stents, and convenient application. Thus, post-surgery benefits compared to other intracranial stents are high in self-expanding intracranial stents, which is why they are the fastest-growing segment throughout the forecast period from 2018 to 2026. However, higher procedure costs and a scarcity of skilled medical professionals are expected to limit overall market growth in developing and developing countries. Intracranial stenting is currently preferred in most developed countries to prevent intracranial atherosclerotic disease, but in most developing countries, it is opted for when aggressive drug therapy fails to provide desired results.

The high prevalence of intracranial atherosclerotic disease in Asian countries will drive the overall market for intracranial stents in this region.

Asia Pacific was identified as the fastest-growing intracranial stents market due to key market drivers such as the highest prevalence of intracranial atherosclerosis disease in Asia, rising awareness related to the upgradation of neurological healthcare facilities, and increasing demand for effective and minimally invasive neurological surgery. A transcranial Doppler study published recently suggested that the prevalence of asymptomatic middle cerebral artery (MCA) stenosis was in a range of 10% to 20% among Asian populations that possessed vascular risk factors without a background of stroke. Thus, Asia Pacific is expected to make significant growth throughout the forecast period from 2018 to 2026.

Periods of History and Forecast

The intracranial stents market was analyzed considering current market trends for the base year of 2017, and based on future trends, CAGRs were calculated for the forecast period of 2018 to 2026.

Report Scope by Segments

This report covers exhaustive information related to the intracranial stent market, covering qualitative and quantitative aspects along with the key market drivers, opportunities, and restraints that gradually affect the overall global market. Inputs from industry experts were analyzed to derive market drivers, challenges, and opportunities for a country-level market in the respective regional segments. This report covers an in-depth analysis related to the global intracranial stents market with segments such as types of products, disease, and geography. The report includes a competitive analysis of the major players operating in the intracranial stent market, as well as detailed data on the market's competitive landscape and the most recent business strategies and product profiles.

The key players operating in the market are profiled based on financial information, product portfolios, the latest market updates, and major market strategies. This report also includes an attractive investment proposition studied with the help of extensive geographical research based on PESTEL analysis. Major companies profiled in the report include Boston Scientific Corporation, Johnson & Johnson Services, Inc., Stryker Corporation, Penumbra, Inc., Medtronic plc, Terumo Corporation, and Cook Medical, among others.

Key questions are answered in this report.

  • Which is the trending product type in the market preferred for intracranial stents, and why?
  • What are the recent market strategies applied by key players and the competitive analysis specific to the intracranial stent market?
  • Which are the major geographical markets (regions and countries) in the intracranial stent market?
  • Which are the largest and fastest-growing intracranial stent types globally?
  • How is the competitive landscape of the intracranial stent market and the policy landscape of the major players present in this industry?

 Frequently Asked Questions:

The market for Intracranial Stentsis expected to reach US$ 293.7 Mn in 2026.

The Intracranial Stents market is expected to see significant CAGR growth over the coming years, at 9.9%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Medtronic plc,Boston Scientific Corporation,Penumbra, Inc.,Stryker Corporation,Johnson & Johnson Services, Inc. are some of the major players in the global market.

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Published Date:  Feb 2019
Category:  Medical Devices
Report ID:   59567
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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