Coil Assisted Flow Diverters Market Analysis, Industry Trends, Business Strategies, Opportunities and forecast to 2028 discussed in a new market
According to our new research study on “Coil Assisted Flow Diverters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to reach US$ 465.85 million by 2028 from US$ 278.23 million in 2021; it is estimated to grow at a CAGR of 7.6% during 2021–2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the factors such as rising incidence of intracranial aneurysms and growing incidence of hypertension, smoking, alcoholism, and obesity. However, the high cost of neurosurgical devices restrains the growth of the market.s
Coil assisted flow diverter is an adjunctive intrasaccular stent made of super visible braid elastic matter and is less restrictive. It is designed for the placement of embolization coils in the treatment of aneurysms. Coil assisted flow diverter also possesses mesh braid of contour neurovascular system, with memory properties, self-anchoring, stabilizing and less restricting sizing with the help of high precision re-sheathable placement into the aneurysm sac neck. The growth of the coil assisted flow diverters market is attributed to the factors such as rising incidence of intracranial aneurysms and growing incidence of hypertension, obesity, smoking, and alcoholism. However, the high cost of neurosurgical devices hinders the market growth.
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Cerus Endovascular Ltd.; Balt; MicroPort Medical Company; Stryker; Acandis GmbH; lepu medical; Penumbra Inc.; Microvention, Inc.; DePuy Synthes; and Medtronic are among the leading companies operating in the coil assisted flow diverters market.
Rising Incidence of Intracranial Aneurysms
Coil assisted flow diverters are stent-like devices used for the embolization of intracranial aneurysms. The incidence of intracranial aneurysms is increasing across the world. For instance, the Brain Aneurysm Foundation, Statistics and Facts report stated that around 6.5 million people (that is 1 in 50 people) in the US have an unruptured brain aneurysm. The report has also mentioned that 20% of the total people diagnosed with a brain aneurysm have more than one aneurysm. It has further reported that, every year, around 30,000 people in the US suffer from a brain aneurysm rupture, and a brain aneurysm rupture takes place in every 18 minutes. Also, Brain Aneurysm Foundation of Canada reported that about 8 to 10 people in 100,000, or around 2,800 to 3,500 Canadians, suffer from a burst aneurysm every year, which accounts for about 3% of all hemorrhagic strokes. Further, as per the National Health Service (NHS), 1 in 12,500 people have a ruptured brain aneurysm in England each year. Additionally, as per the ‘Unruptured Intracranial Aneurysms—Pathogenesis and Individualized Management’ report published in Deutsches Ärzteblatt International in 2020, around 2 million adults in Germany have an unruptured intracranial aneurysm (IA). Thus, the increasing prevalence of intracranial aneurysms drives the growth of the coil assisted flow diverters market.
Based on application, the coil assisted flow diverters market is bifurcated into wide-neck bifurcation aneurysms and narrow neck bifurcation aneurysms. The wide-neck bifurcation aneurysms segment held a larger market share in 2021, and the same segment is anticipated to register a higher CAGR in the market during the forecast period. Neurointerventionalists are constantly developing new technologies to treat wide-necked aneurysms. The initial technique included the use of intraluminal devices, such as balloons and stents, for the embolization of an aneurysm. However, the introduction of flow-diverting devices created a paradigm shift for the endovascular treatment of wide-necked aneurysms. For instance, in March 2020, the research team of Sree Chitra Thirunal Institute of Medical Science and Technology (SCTIMST) announced the development of an innovative intracranial flow diverter stent for the treatment of aneurysms of blood vessels of brain.
Coil Assisted Flow Diverters Market – by Application
- Wide-Neck Bifurcation Aneurysms
- Narrow-Neck Bifurcation Aneurysms
Coil Assisted Flow Diverters Market – by End User
- Ambulatory Surgical Centers
Coil Assisted Flow Diverters Market – by Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
- South and Central America (SCAM)
- Rest of South and Central America
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