USD XX million
Cerebral Vascular Stent Market Size, Share, Growth Analysis, By Material(Tantalum, Stainless Steel, Nitinol), By End User(Hospitals, Ambulatory Surgical Centers, Medical Centres, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2192 |
Region:
Global |
Published Date: April, 2024
Pages:
217
|Tables:
64
|Figures:
72
Cerebral Vascular Stent Market Insights
Global Cerebral Vascular Stent Market size was valued at USD XX million in 2022 and is poised to grow from USD XX million in 2023 to USD XX million by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).
Cerebral vascular stent is a small mesh-like tube that is inserted in the brain arteries to treat brain aneurysms. These stents are also used to maintain optimal blood flow through arteries that are shrinking or being blocked. Growing incidence of cerebral disorders and growing geriatric population are predicted to be key factors driving cerebral vascular stent market growth over the coming years. Advancements in healthcare technologies and growing use of bioabsorbable stents are also estimated to create new opportunities for cerebral vascular stent companies in the future. Growing use of minimally invasive surgeries for cerebral diseases is also a key trend that will bolster the demand for cerebral vascular stent in the long run. However, high costs of certain cerebral vascular stents and procedural complications are forecasted to be key restraints hampering market development across the forecast period and beyond. Increasing approvals for novel cerebral treatment procedures and products are also slated to uplift sales of cerebral vascular stents going forward.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Stainless Steel
Fastest Growth
Tantalum
Growth Rate
8.2% CAGR
Global Cerebral Vascular Stent Market ($ Bn)
Country Share for North America Region (%)
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Cerebral Vascular Stent Market Segmental Analysis
The global cerebral vascular stent market is segmented based on material, end user, and region. In terms of material, the market is segmented into tantalum, stainless steel, and nitinol. In terms of end user, the market is segmented into hospitals, ambulatory surgical centers, medical centres, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
Stainless steel is projected to be the preferred material for making most of cerebral vascular stent rendering it as the dominant segment. Low cost and good mechanical properties are key factors of stainless steel that allow this segment to hold sway over other materials. However, poor biocompatibility and low corrosion resistance are slated to hurt the market share of this segment.
Tantalum is a rare metal that is used to make stents owing to its unique characteristic properties, which also allow it to become the fastest-growing segment. High density and excellent biocompatibility are key features that are promoting the use of tantalum for manufacturing of cerebral vascular stents.
Analysis by End User
Hospitals are projected to emerge as the dominant end users of cerebral vascular stents across the forecast period. Rising rates of hospitalization around the world and increasing healthcare expenditure are slated to be key factors that promote cerebral vascular stent market growth. Moreover, most cerebral procedures are performed in hospitals and this is also contributing to high cerebral vascular stent demand in this segment.
Sales of cerebral vascular stent in ambulatory surgical centers are slated to rise at a notable pace over the coming years. High demand for better outpatient facilities and increasing emphasis on emergency care are key factors that are estimated to uplift the sales of cerebral vascular stents via ambulatory surgical centers across the forecast period and beyond.
Global Cerebral Vascular Stent Market By Material
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Cerebral Vascular Stent Market Regional Insights
North America is estimated to account for a major chunk of the global cerebral vascular stent demand outlook owing to the presence of a developed healthcare infrastructure and rapidly increasing incidence of cerebral disorders. High investments in medical R&D and growing availability of novel treatments in this region are also slated to help its dominance of the global cerebral vascular stent market going forward. The United States is predicted to spearhead cerebral vascular stent sales followed by Canada over the coming years.
Rapid surge in geriatric population and growing spending on healthcare are two key factors allowing Asia Pacific to become the fastest-expanding market in the world for cerebral vascular stents. Increasing medical tourism and rising acceptance of minimally invasive procedures are also slated to create new opportunities for cerebral vascular stent suppliers in this region. India, China, and Japan are estimated to be the top three markets for cerebral vascular stent providers in the Asia Pacific region across the forecast period and beyond.
Global Cerebral Vascular Stent Market By Region
- Largest
- Fastest
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Cerebral Vascular Stent Market Dynamics
Drivers
Growth in Geriatric Population
- Older people are more at risk of requiring cerebral and vascular treatments and as their population increases around the world, it will also promote the demand for cerebral vascular stents as well.
High Incidence of Cerebrovascular Disorders
- Increase in ischemic stroke and other types of cerebrovascular disorders is another key factor that is slated to promote the sales of cerebral vascular stent as they are widely used in the treatment of such disorders.
Restraints
High Costs of Cerebral Procedures
- Any surgery related to the brain is quite expensive for patients owing to the use of complex and advanced medical equipment and skilled medical professionals. These high costs of cerebral procedures are projected to impede cerebral vascular stent sales outlook in the future.
Procedural Complications
- Complications related to deployment and operation of cerebral stents are more common than other types of stents, which is why people might opt for alternative treatments and this could slow down cerebral vascular stent market growth in the long run.
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Cerebral Vascular Stent Market Competitive Landscape
Cerebral vascular stent market players should invest heavily in product innovation and R&D to expand their product portfolio and stay competitive in the marketplace. Cerebral vascular stent providers can also focus on making their products more affordable to maximize their sales and revenue generation potential going forward. Cerebral vascular stent manufacturers can also partner and collaborate with health insurance companies to improve reimbursement potential and promote market development as well.
Top Player’s Company Profiles
- W.L. Gore & Associates
- Stryker Corporation
- Terumo Corporation
- Biotronik SE & Co. KG
- Medtronic
- Phenox GmbH
- Abbott Laboratories
- B. Braun Melsungen AG
- Cordis Corporation
- Acandis GmbH
- Boston Scientific Corporation
- Cook Medical
- Johnson & Johnson Services, Inc.
- Penumbra Inc.
- MicroPort Scientific Corporation
- C.R. Bard
- Cook Medical
Recent Developments
- In February 2022, CERENOVUS, a part of the Johnson & Johnson Medical Device companies, announced the launch of a new catheter for the treatment of acute ischemic stroke.
- In June 2022, Medtronic, a leading name in the healthcare device business, announced the launch of a new embolization device to treat brain aneurysms in India. The new flow diverter was also equipped with Sheild Technology.
Cerebral Vascular Stent Key Market Trends
Use of Bioabsorbable Stents: Cerebral vascular stent manufacturers can focus on using bioabsorbable materials to make their products as these products can be safely absorbed in the body after their functional lifecycle, without causing complications or requiring complex surgeries. Drug-eluting stents are also gaining traction and this is also a key trend that could be used with bioabsorbable materials to create innovative products.
Cerebral Vascular Stent Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapidly expanding geriatric population and growing incidence of cerebral disorders around the world are projected to be key factors driving cerebral vascular stent market growth. However, high costs of cerebral procedures and complications associated with the same are estimated to impede sales of cerebral vascular stents across the forecast period and beyond. The developed healthcare infrastructure of countries in the North American region allows it to hold sway over other regions in terms of cerebral vascular stent demand. Use of bioabsorbable materials to make stents is projected to be a key trend for cerebral vascular stent market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD XX million |
| Market size value in 2031 | USD XX million |
| Growth Rate | 8.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cerebral Vascular Stent Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cerebral Vascular Stent Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cerebral Vascular Stent Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cerebral Vascular Stent Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cerebral Vascular Stent Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cerebral Vascular Stent Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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