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

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. 

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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 

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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 

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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
  • L. Gore & Associates
  • Johnson & Johnson Services, Inc.
  • Cardinal Health
  • MicroPort Scientific Corporation
  • Acandis Gmb 

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