The global intracranial stents market has grown significantly over the past two decades, and the market has been characterized by technological innovation and increasing preference for intracranial stents for the treatment of intracranial stenosis and management of stroke. As there is a rapid rise in the geriatric population there is an increasing use of intracranial stents that helps in driving the overall market. There is an increasing demand for minimally invasive surgeries has also helped this market grow.

However, the lack of skilled professionals for operating using intracranial stents and the possibility of complications have been restraining the growth of the market.

Key Market Trends

Application in Brain Aneurysm is Expected to Dominate the Market

With the increase in elderly population, the market is expected to show better growth, as aging population are at higher risk for chronic illnes. According to a 2018 article by Andrew M et al., published in Statpearls, the estimated worldwide prevalence of cerebral aneurysms is approximately 3.2%, with a mean age of 50. The report also states that the occurrence is equally likely in both of the sexes, however, this ratio changes significantly after age 50.

The stent coils fill the aneurysm, block it from circulation, and cause the blood to clot, which obliterates the aneurysm and stabilize the artery. Hence, as stent effectively treats aneurysm, the high prevalence of brain aneurysm is expected to help the market grow in future

North America is Expected to Dominate the Intracranial Stents Market

According to Brain Aneurysm Foundation 2019 data, an estimated 6.5 million people in the United States have an unruptured brain aneurysm, which translates to approximately 1 in 50 people. About 30,000 people in the United States suffer a brain aneurysm rupture each year. Moreover, women are more likely than men to have a brain aneurysm with an uneven 3:2 ratio.

North American countries like the United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy presence of many global market players. As high and increasing demand is met by the presence of global players in the US, the market is further expected to increase.

Competitive Landscape

Majority of the Intracranial Stents are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.

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