Pune, India -- (SBWIRE) -- 04/16/2019 -- The latest report on Intracranial Stents Market by Infinium Global Research gives complete coverage of the intracranial stents Market by product type (stent-assisted coil embolization, self-expanding stents, and balloon expanding stents), end-users (ambulatory surgery centers, and hospitals) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of intracranial stents such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global intracranial stents market is projected to grow at a CAGR of 15.50% over the forecast period of 2018-2024.

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Intracranial Stents Market: Industry Insight

The intracranial stents are the devices used to treat two primary brain conditions including brain aneurysms and Intracranial Stenosis. These two conditions these stents are used to maintain blood flow in narrowing blood vessels. The intracranial stents are expandable tubes made of nitinol, a blend of nickel and titanium.

Intracranial Stents Market: Drivers and Restraints

According to the NCBI, stroke is the second leading cause of death and a major cause of disability worldwide. About 795,000 people in the United States have a stroke each year. The intracranial stents are vastly being used in the treatment of Cerebrovascular Disease. Thus, the growing incidence of a brain aneurysm and stroke is the key factor that drives the growth of intracranial stents market. Additionally, growing preference for the minimally invasive surgeries and rapidly increasing the burden of hypertension, diabetes, and obesity are contributing to the growth of intracranial stents market. On the other hand, high cost is restraining the growth of intracranial stents market. Moreover, the rising government's initiative in the adoption of intracranial stents and advancements in the intracranial stents products are projected to shape the market in upcoming years.

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Intracranial Stents Market: Segmentation

The global intracranial stent the market is segmented into Product Type and end users.

In terms of end users, the market is bifurcated into stent-assisted coil embolization, self-expanding stents, and balloon expanding stents. The growing adoption of a balloon expanding stents in the treatment of Intracranial stenosis is rising rapidly, the better efficacy and safety offered by the balloon expanding stents are driving its growth in the intracranial stent market. Furthermore, based on the end users, the market is further categorized into ambulatory surgery centers and hospitals.

Intracranial Stents Market: Regional Insight

Geographically, North America accountable for the maximum market shares in the intracranial stent market followed by Europe. According to the Brain Aneurysm Foundation, the six million people in the United States have an unruptured brain aneurysm. Thus, this high prevalence of brain aneurysm is the primary factor that drives the growth of North America intracranial stent market. Additionally, developed healthcare infrastructure, and technological advancements in the field of medical devices are likely to contribute to the growth of intracranial stent in this region. In addition, Asia Pacific is the fastest growing region in this market owing to the favorable government policies, growing healthcare expenditure and growing geriatric population.

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Intracranial Stents Market: Competitive Landscape

The market of the intracranial stent is highly concentrated. The key players in the global intracranial stent market include Penumbra, Inc., BALT EXTRUSION, Stryker, Cardiatis, S.A, Medtronic, DePuy Synthes, phenox GmbH, Acandis GmbH, ADMEDES GmbH, and TERUMO CORPORATION.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the intracranial stents.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.