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Neurovascular Stent Market - Forecast(2024 - 2030)
Neurovascular Stent Market Overview
Neurovascular Stent market size is forecast to reach $4.3 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. A neurovascular stents is made of metal or polymer and is utilized to treat stenosis formation and ischemic stroke in the blood vessels. It is used for thrombectomy owing to their ability to rapidly restore the blood flow in the embolic stroke. Ischemic stroke, atherosclerosis, and aneurysms are some of the major cause that leads to disability and death.
High incidence rates of cerebral disorders & brain aneurysm, technological advancement in healthcare industry, and growth in unhealthy diet are the major factors driving the growth of the market. Excessive alcohol consumption, smoking, less physical activity, stress, and increasing demand for minimally invasive procedures is set to further enhance the overall market development of the Neurovascular Stent Market for the period 2021-2026.
Report Coverage
The report: “Neurovascular Stent Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Neurovascular Stent Market.
By Product Type: Carotid Artery Stent, and Intracranial Stents
By Material: Metal, and Polymer
By End Users: Hospitals, Ambulatory Surgical Units, Clinics, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- North America dominated the Neurovascular Stent Market in 2020 owing to the high prevalence of cerebral disorders such as malformation, brain aneurysm, & stenosis, and increase in adoption of minimally invasive procedure to treat neurovascular diseases. The Neurovascular Stent Market scope for different regions will be provided in the final report.
- Rising emergence of neurovascular stent with advanced technology and awareness programs are likely to aid the market growth of the Neurovascular Stent Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Neurovascular Stent Market report.
- High product cost and complications associated with neurovascular stents procedure is poised to create the hurdles for the Neurovascular Stent Market.
Neurovascular Stent Market Revenue Share, By Geography, 2020(%)
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Neurovascular Stent Market Segment Analysis – By Product Type
Carotid Artery Stent held the largest share in the Neurovascular Stent Market in 2020 and is estimated to grow at a CAGR 5.8% during the forecast period 2021-2026. This is attributed to the rise in incidence and prevalence of brain and cerebral aneurysm. A carotid artery stent is a hollow, long tube that is passed through the arteries to the narrowed carotid artery in the neck. A stent is inserted into the carotid artery after angioplasty that uses a balloon inflated in the narrowed part of the artery. Carotid artery stents remains permanently in the artery and usually takes about 1 to 2 hours. Intracranial stents require adequate dual antiplatelet therapy and are also thrombogenic. Additionally, increase in technologically advanced neurovascular stents is increasing the demand of intracranial stents. Intracranial stents are estimated to register the highest CAGR over the period 2021-2026.
Neurovascular Stent Market Segment Analysis – By End Users
Hospital held the largest share in the Neurovascular Stent Market in 2020 and is estimated to grow at a CAGR 5.7% during the forecast period 2021-2026. This is attributed to the fact that it offers minimally invasive procedures for various diseases along with the high end technological products. Favorable reimbursement policies for hospital procedures and improvements in healthcare facilities are increasing the demand of neurovascular stents in hospitals. Ambulatory surgical units offer cost effective and quality treatments that drive the patient’s preference for surgical procedures being performed in the ambulatory surgical centers. Ambulatory Surgical Units are estimated to register the highest CAGR over the period 2021-2026.
Neurovascular Stent Market Segment Analysis – By Geography
North America dominated the Neurovascular Stent Market with a major share of 38.1% in 2020. This is attributed to the high prevalence of cerebral disorders such as malformation & Stenosis and increase in acceptance of minimally invasive procedure to treat neurovascular diseases. Increasing government initiative to modernize healthcare infrastructure and accessibility to technologically advanced medical treatments and products is also increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising awareness regarding advanced and innovative neurovascular devices. Large patient pool and rising healthcare expenditure is also increasing the growth of the market in this region.
Neurovascular Stent Market Drivers
Increasing Number of Ischemic Strokes and Aneurysm patients
Increasing number of brain aneurysm and ischemic strokes and brain aneurysm patients is increasing the growth of the Neurovascular Stent Market. Ischemic stroke occurs when the ruptured blood vessel in the brain has been blocked and weakened artery wall causes aneurysm that can ruptures and subsequently bleed while affecting the brain and the heart. Increasing investment in research activities to develop technologically advanced devices for treating acute ischemic stroke along with increasing healthcare expenditure is increasing the growth of the market. In U.S., about 35,000 people suffer a brain aneurysm each year. Thus, increasing the growth of the Neurovascular Stent Market during the forecast period 2021-2026.
Rising Demand for Minimally Invasive Surgical Procedures
Rising demand for minimally invasive surgical procedures is increasing the growth of the Neurovascular Stent Market. Minimally invasive surgical procedure is used to treat problems that affects the blood vessels such as an aneurysm. It requires a small incision that is performed within the artery through a catheter. The catheter is inserted into the blood stream and guided to the brain. It results in less pain, less risk of complication than open surgery, and also shorter hospital stays. Minimally invasive surgical procedures includes angioplasty, embolization, stenting, and coiling which are much better than the traditional open surgery method. Thus, increasing the growth of the Neurovascular Stent Market during the forecast period 2021-2026.
Neurovascular Stent Market Challenges
High Product Cost and Complications Associated With Neurovascular Stents
Some of the factors that are set to impede the growth of the Neurovascular Stent Market are high product cost and complications associated with neurovascular stents. Challenges involved in commercialization of neurovascular devices is also set to hamper the growth of the market.
Neurovascular Stent Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Neurovascular Stent Market. In 2020, the Neurovascular Stent Market share is consolidated by the top ten players present in the market. The Neurovascular Stent Market, top 10 companies are Boston Scientific, Integer, Micro Point Scientific, Medtronic, Stryker, Tarumom, Cordis, Acandis, Johnson & Johnson, and Gore Medical among others.
Relevant Reports
Report Code: HCR 0175
Report Code: HCR 0571
For more Lifesciences and Healthcare Market reports, please click here
1. Neurovascular Stent Market- Overview
1.1 Definitions and Scope
2. Neurovascular Stent Market- Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by Material
2.4 Key trends by End Users
2.5 Key trends by Geography
3. Neurovascular Stent Market– Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Neurovascular Stent Market- Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Neurovascular Stent Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Neurovascular Stent MarketForces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Neurovascular Stent Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Neurovascular Stent Market– By Product Type(Market Size –$Million/$Billion)
8.1 Carotid Artery Stents
8.2 Intracranial Stents
9. Neurovascular Stent Market– By Material (Market Size –$Million/$Billion)
9.1 Metal
9.1.1 Stainless Steel
9.1.2 Nitinol
9.2 Polymer
10 Neurovascular Stent Market– By End Users (Market Size –$Million/$Billion)
10.1 Hospitals
10.2 Ambulatory Surgical Units
10.3 Clinics
10.4 Others
11. Neurovascular Stent Market- By Geography(Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 France
11.2.3 Germany
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Neurovascular Stent Market- Entropy
13. Neurovascular Stent Market– Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Neurovascular Stent Market– Key Company List by Country Premium Premium
15. Neurovascular Stent Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)1.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Global Industry Research
1.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Global Industry Research
2.Global NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
2.1 METAL Market 2023-2030 ($M) - Global Industry Research
2.1.1 Stainless steel Market 2023-2030 ($M)
2.1.2 Nitinol Market 2023-2030 ($M)
2.2 POLYMER Market 2023-2030 ($M) - Global Industry Research
3.Global NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
3.1 HOSPITALS Market 2023-2030 ($M) - Global Industry Research
3.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Global Industry Research
4.Global NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 (Volume/Units)
4.1 CAROTID ARTERY STENTS Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 INTRACRANIAL STENTS Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 (Volume/Units)
5.1 METAL Market 2023-2030 (Volume/Units) - Global Industry Research
5.1.1 Stainless steel Market 2023-2030 (Volume/Units)
5.1.2 Nitinol Market 2023-2030 (Volume/Units)
5.2 POLYMER Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 (Volume/Units)
6.1 HOSPITALS Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
7.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Regional Industry Research
7.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Regional Industry Research
8.North America NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
8.1 METAL Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Stainless steel Market 2023-2030 ($M)
8.1.2 Nitinol Market 2023-2030 ($M)
8.2 POLYMER Market 2023-2030 ($M) - Regional Industry Research
9.North America NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
9.1 HOSPITALS Market 2023-2030 ($M) - Regional Industry Research
9.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
10.South America NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
10.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Regional Industry Research
10.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Regional Industry Research
11.South America NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
11.1 METAL Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Stainless steel Market 2023-2030 ($M)
11.1.2 Nitinol Market 2023-2030 ($M)
11.2 POLYMER Market 2023-2030 ($M) - Regional Industry Research
12.South America NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
12.1 HOSPITALS Market 2023-2030 ($M) - Regional Industry Research
12.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
13.Europe NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
13.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Regional Industry Research
13.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Regional Industry Research
14.Europe NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
14.1 METAL Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Stainless steel Market 2023-2030 ($M)
14.1.2 Nitinol Market 2023-2030 ($M)
14.2 POLYMER Market 2023-2030 ($M) - Regional Industry Research
15.Europe NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
15.1 HOSPITALS Market 2023-2030 ($M) - Regional Industry Research
15.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
16.APAC NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
16.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Regional Industry Research
16.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Regional Industry Research
17.APAC NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
17.1 METAL Market 2023-2030 ($M) - Regional Industry Research
17.1.1 Stainless steel Market 2023-2030 ($M)
17.1.2 Nitinol Market 2023-2030 ($M)
17.2 POLYMER Market 2023-2030 ($M) - Regional Industry Research
18.APAC NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
18.1 HOSPITALS Market 2023-2030 ($M) - Regional Industry Research
18.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
19.MENA NEUROVASCULAR STENT MARKET, BY PRODUCT TYPE Market 2023-2030 ($M)
19.1 CAROTID ARTERY STENTS Market 2023-2030 ($M) - Regional Industry Research
19.2 INTRACRANIAL STENTS Market 2023-2030 ($M) - Regional Industry Research
20.MENA NEUROVASCULAR STENT MARKET, BY MATERIAL Market 2023-2030 ($M)
20.1 METAL Market 2023-2030 ($M) - Regional Industry Research
20.1.1 Stainless steel Market 2023-2030 ($M)
20.1.2 Nitinol Market 2023-2030 ($M)
20.2 POLYMER Market 2023-2030 ($M) - Regional Industry Research
21.MENA NEUROVASCULAR STENT MARKET, BY END USERS Market 2023-2030 ($M)
21.1 HOSPITALS Market 2023-2030 ($M) - Regional Industry Research
21.2 AMBULATORY SURGICAL CENTERS Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Neurovascular Stent Market Revenue, 2023-2030 ($M)2.Canada Neurovascular Stent Market Revenue, 2023-2030 ($M)
3.Mexico Neurovascular Stent Market Revenue, 2023-2030 ($M)
4.Brazil Neurovascular Stent Market Revenue, 2023-2030 ($M)
5.Argentina Neurovascular Stent Market Revenue, 2023-2030 ($M)
6.Peru Neurovascular Stent Market Revenue, 2023-2030 ($M)
7.Colombia Neurovascular Stent Market Revenue, 2023-2030 ($M)
8.Chile Neurovascular Stent Market Revenue, 2023-2030 ($M)
9.Rest of South America Neurovascular Stent Market Revenue, 2023-2030 ($M)
10.UK Neurovascular Stent Market Revenue, 2023-2030 ($M)
11.Germany Neurovascular Stent Market Revenue, 2023-2030 ($M)
12.France Neurovascular Stent Market Revenue, 2023-2030 ($M)
13.Italy Neurovascular Stent Market Revenue, 2023-2030 ($M)
14.Spain Neurovascular Stent Market Revenue, 2023-2030 ($M)
15.Rest of Europe Neurovascular Stent Market Revenue, 2023-2030 ($M)
16.China Neurovascular Stent Market Revenue, 2023-2030 ($M)
17.India Neurovascular Stent Market Revenue, 2023-2030 ($M)
18.Japan Neurovascular Stent Market Revenue, 2023-2030 ($M)
19.South Korea Neurovascular Stent Market Revenue, 2023-2030 ($M)
20.South Africa Neurovascular Stent Market Revenue, 2023-2030 ($M)
21.North America Neurovascular Stent By Application
22.South America Neurovascular Stent By Application
23.Europe Neurovascular Stent By Application
24.APAC Neurovascular Stent By Application
25.MENA Neurovascular Stent By Application
26.GORE MEDICAL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.TERUMO MEDICAL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.JOHNSON JOHNSON, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MEDTRONIC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.ACANDIS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.STRYKER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.MICROPORT SCIENTIFIC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.CORDIS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.MICROPORT SCIENTIFIC, Sales /Revenue, 2015-2018 ($Mn/$Bn)