Global Intracranial Stents Market Will Reach USD 932 Million By 2025: Zion Market Research

According to the report, the global intracranial stents market was valued at USD 341 million in 2018 and is expected to generate around USD 932 million by 2025, at a CAGR of 15.4% between 2019 and 2025.


New York, NY, March 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Intracranial Stents Market by Product Type (Balloon Expanding Stents, Self-Expanding Stents, and Stent-Assisted Coil Embolization), by Disease Indication (Brain Aneurysm and Intracranial Stenosis), and by End-User (Ambulatory Surgery Centers, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global intracranial stents market was valued at USD 341 million in 2018 and is expected to generate around USD 932 million by 2025, at a CAGR of 15.4% between 2019 and 2025.

A stroke is a brain attack that occurs by a lack of or reduced blood supply to a part of the brain. It is one of the major causes of intracranial diseases. According to various epidemiological studies, stroke is one of the leading causes of mortality and disability globally. In the U.S. stroke is the third leading cause of death, as over 140,000 people die by stroke annually. 1 in 6 people worldwide will have a stroke in their lifetime. About 15 million people suffer from a stroke annually and about 5.8 million people die from it. Intracranial atherosclerosis contributes to about 8-10% of total ischemic strokes. The incidences of intracranial are high in African, Asian, Hispanic Americans, and Latino American populations. The factors responsible for the progression of intracranial diseases are age, hypertension, total serum cholesterol, diabetes mellitus, metabolic syndrome, etc. Certain medical conditions and lifestyle factors speed up the process and increase the risk of having a stroke. Moreover, the augmenting risk of strokes in aging and obese population is anticipated to further drive the global intracranial stents market significantly over the forecast time period.

Browse through 72 Tables & 20 Figures spread over 120 Pages and in-depth TOC on “Global Intracranial Stents Market: Industry Type, Size, Share, Segments, Analysis and Forecast 2018–2025”.

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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. The stent-assisted coil embolization segment held the largest share of the global intracranial stents market in 2018. The stent-assisted coiling is a minimally invasive procedure that offers a non-surgical option to patients with wide neck aneurysms, which wasn't available before. It comprises placing a stent inside a wide neck aneurysm and protects blood vessel walls from getting damaged. The advanced technology of stent-assisted coil embolization and a growing number of procedures that use it are anticipated to propel this segment in the future.

By disease indication, the market is segmented into brain aneurysm and intracranial stenosis. The intracranial stenosis segment held the largest share of the global intracranial stents market during 2018, owing to the high prevalence of atherosclerosis and changing lifestyles of people, such as the growing consumption of junk food.

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By end-user, the market is segmented into ambulatory surgery centers, hospitals, and others. Hospitals held the largest share of the global intracranial stents market in 2018. In various categories of hospitals, such as hospital chains, multispecialty hospitals, and small mid-size hospitals, surgeons perform intracranial stenting procedures. Growing investments made by major hospitals in the procurement of branded intracranial stents is the key factor propelling the growth of hospitals globally.

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 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.

Browse the full “Intracranial Stents Market by Product Type (Balloon Expanding Stents, Self-Expanding Stents, and Stent-Assisted Coil Embolization), by Disease Indication (Brain Aneurysm and Intracranial Stenosis), and by End-User (Ambulatory Surgery Centers, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/intracranial-stents-market

Europe held the second largest share of the global intracranial stents market in 2018, due to robust research and development activities, high awareness about new product developments, and huge government support to avail the best treatment. More than 100,000 patients suffer from strokes in UK annually and the frequency of first-time strokes in the people aged 45 and above is anticipated to increase by 59% in the next 20 years in UK.

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. 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.

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Latin America and the Middle East and Africa accounted for least share in the global intracranial stents market in 2018, owing to less awareness among the people about new products and low affordability. However, the high prevalence of disease among the African population and favorable government initiatives to increase disease awareness is expected to propel the intracranial stents market in Latin America and the Middle East and Africa.

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, and Terumo Corporation, among others.

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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
  • The Middle East and Africa

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