Neurovascular Stent Market Highlights On Evolution 2019-2027

[Pranali Pawar]

Neurovascular Stent Market: Introduction

Stent is a medical device that can provide scaffolding to organ walls and vessels to keep the arteries open 
Neurovascular stent is a tube-like, flexible, and small device. Neurovascular stent is either made from polymer or metal. 
Various types of stents have been used in the field of neurovascular diseases such as aneurysms and atherosclerosis
In 2002, Neuroform Stent (Stryker) was approved by the U.S. Food and Drug Administration (USFDA), followed by Enterprise stent (Cordis) in 2007, for use in coil embolization of wide-necked intracranial aneurysms
The device is used to treat several conditions related to brain such as ischemic stroke and stenosis formation in the blood vessels

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Key Drivers of Global Neurovascular Stent Market

Increase in prevalence and incidence of neurovascular diseases such as stenosis, ischemic stroke, brain aneurysm, and other illnesses related to neurovascular system primarily drives the global neurovascular stent market
According to the Global Burden of Disease (GBD) 2016, stroke is the second leading cause for the death worldwide. An estimated 5.5 million deaths were occurred due to stroke in 2016.
Additionally, rise in excessive alcohol consumption, unhealthy diet, less physical activity, smoking, and stress has increased the incidence of various neurovascular diseases such as cerebral aneurysms. These factors are expected to drive the neurovascular stents market during the forecast period. 

Carotid Artery Stents Segment Accounted for Major Share of Global Neurovascular Stent Market

Based on product type, the global neurovascular stent market can be divided into carotid artery stents and intracranial stents
The carotid artery stents segment is anticipated to be the dominating segment during the forecast period
Rise in incidence and prevalence of brain and cerebral aneurysm is projected to increase the need for carotid artery stents
Additionally, increase in technologically advanced neurovascular stents is expected to drive the carotid artery stents segment during the forecast period

Hospital Segment to Offer Attractive Opportunities

In terms of end-user, the global neurovascular stent market can be classified into hospitals, ambulatory surgical centers, and others
The hospitals segment is expected to account for major share of the global neurovascular stent market by 2027
The segment dominance can be attributed to increase in number of hospitals
However, the ambulatory surgical centers segment is expected to grow at a higher CAGR due to increase in minimally invasive surgeries at ambulatory surgical centers

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North America to Dominate the Global Neurovascular Stent Market

In terms of region, the global neurovascular stent market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.
Factors such as rise in incidence of cerebral disorders such as malformation, stenosis, and brain aneurysm are expected to drive the market in the region in the near future
Additionally, increase in acceptance of minimally invasive procedure to treat neurovascular diseases is expected to drive the market during the forecast period 

Key Players Operating in Global Market

The global neurovascular stent market is consolidated with the presence of few international players taking up the major share of the global neurovascular stent market. Key players operating in the global neurovascular stent market are:

Abbott
Medtronic
Stryker
Terumo
Gore & Associates
Johnson & Johnson Services, Inc.
Cardinal Health
MicroPort Scientific Corporation
Acandis Gmb 

Global Neurovascular Stent Market: Research Scope 

Global Neurovascular Stent Market, by Product Type

Intracranial Stents
Carotid Artery Stents

Global Neurovascular Stent Market, by Material

Polymers
Metals
Others

Global Neurovascular Stent Market, by End-user

Hospitals
Ambulatory Surgical Centers (ASCs)
Others

Global Neurovascular Stent Market, by Region

North America
S.
Canada
Europe
Germany
France
K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa

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