Intracranial Stents Market, by Product Type (Self-Expanding Intracranial Stents and Embolization Coil Support Intracranial Stents), by Disease Indication (Brain Aneurysm and Intracranial Stenosis), by End User (Hospitals and Ambulatory Surgical Centers) - Global Forecast to 2026

  • Published On : Jun 2018 |
  • Pages : 173 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Intracranial Stents Market – Insights

Narrowing of the blood vessels or blood clots due to building up of fats, plaque, and other substances in the blood vessels is called intracranial stenosis. This condition marks with a stroke either to the carotid artery in the neck or in an intracranial artery. Stents during this condition act as a permanent implant which allows blood flow to the brain by opening the blocked arteries. Angioplasty (use of balloon catheter) along with placement of a stent may be an appropriate treatment for the patients who have had a stroke or transient ischemic attack (TIA). However, since these stents are designed for use in the heart, it is complex to use them in the arteries of the brain. Though, with the advent of the new self-expanding brain stents, the rate of reoccurrence of artery narrowing can be lowered. For instance, Acclino microstent offered by Acandis GmbH, shows a satisfactory safety profile and a promising rate of immediate and mid-term complete aneurysm occlusion for stent-assisted coil embolization in wide-neck intracranial aneurysms.

The global intracranial stents market size was valued at US$ 313.5 million in 2017, and is expected to witness a CAGR of 15.6% over the forecast period (2018 – 2026).

Figure 1. Global Intracranial Stents Market Share Analysis (%), By Region, 2017

Source: Coherent Market Insights Analysis (2018)

Intracranial Stents Market Dynamics

Increasing incidence of stroke and brain aneurysm is propelling demand for intracranial stents. According to the Brain Aneurysm Foundation (BAF), brain aneurysm accounts for around 500,000 deaths worldwide annually. Moreover, BAF estimates that aneurysm is predominant in the age group of 35–60 years. Furthermore, high prevalence of stroke among geriatric population worldwide is also expected to propel demand for intracranial stents in the near future. According to the data published in the Medscape, 2010, around 75-89% of strokes occur in individuals aged > 65 years. Of these strokes, 50% occur in people who are aged ≥ 70 years and nearly 25% occur in individuals who are aged > 85 years.

Integration of advanced software with existing products are gaining significant traction among various market players of intracranial stents with affordable costs thus, expected to drive intracranial stents market growth. For instance, in September 2016, Medtronic plc received the U.S. Food and Drug Administration (FDA) approval for its StealthStation, which is integrated with Medtronic’s latest O-arm Imaging System, enabling clinicians to place the deep brain stimulation (DBS) leads with high level of accuracy during the cranial procedures.

However, high cost of the procedure and limited use of various intracranial stents to a small population may impact the overall market to some extent. For instance, in August 2012, the U.S. FDA approved label changes for the Wingspan Stent System offered by Stryker Corporation, reflecting changes in indications for use, and limiting the system to a much smaller group of patients between 22 and 80 years with intracranial stenosis.

Intracranial Stents Market Regional Outlook

On the basis of geography, the global intracranial stents market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold dominant position in this market, owing to increasing geriatric population who are more prone to brain diseases and adoption of technologically advanced products such as adoption of cranio maxillofacial implants. Emerging economies are also projected to witness significant growth in market over the forecast period, owing to high prevalence of intracranial strokes. For instance, according to the American Journal of Neuroradiology, 2011, intracranial cerebral atherosclerosis disease (ICAD) accounts for around 8%–10% of all ischemic strokes with a higher reported incidence in the Asian, African, and Hispanic descent populations. The factors responsible for disease prevalence in these regions includes cigarette smoking, hypertension, insulin-dependent diabetes mellitus, and hypercholesterolemia. Thus, emerging economies such as Asia Pacific and Latin America is likely to be the fastest growing region throughout the forecast period.

Major companies operating in the global intracranial stents market include Medtronic Plc, Balt Extrusion S.A., MicroPort Scientific Corporation, Abbott Laboratories, Stryker Corporation, Admedes Schuessler GmbH, Cardiatis, S.A, DePuy Synthes, Acandis GmbH, and Penumbra, Inc.

Intracranial stents are used for intracranial stenosis and brain aneurysms to open the blocked arteries. This procedure is relatively new for these conditions and long-term enhanced results for placement of these stents alone is still under investigation. However, various studies accepted the potential of placement of stents to reduce the risk of stroke in patients with symptomatic intracranial stenosis as compared to medical therapy alone. Thus, boosting the growth of the market over the forecast period.

Market Dynamics

Factors such as increasing prevalence of brain aneurysms and stroke, government programs to decrease the burden of traumatic brain injury, technological advancements plugging treatment gaps and availability of reimbursement are propelling demand for intracranial stents. However, high cost and stringent government regulations is negatively impacting growth of the market. Companies are therefore, adopting different strategies such as providing FDA approved on-site training, strategic collaborations, and technology upgrades in order to increase their market presence and engage with customers. For instance, in January 2018, Stryker announced the positive results of WEAVE, the post market surveillance study of the company's Wingspan stent system, for the patients suffering from intracranial atherosclerotic disease (ICAD). Thus, providing more opportunities in procedural approach with significant results.

Key features of the study:

  • This report provides in-depth analysis of the intracranial stents market, market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period: 2018 – 2026, considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global intracranial stents market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and strategies
  • Key players covered as a part of this study include Medtronic Plc, Balt Extrusion S.A., MicroPort Scientific Corporation, Abbott Laboratories, Stryker Corporation, Admedes Schuessler GmbH, Cardiatis, S.A, DePuy Synthes, Acandis GmbH, and Penumbra, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, technological up-gradation, market expansion, and marketing tactics
  • The global intracranial stents market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for intracranial stents market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Intracranial Stents Market, By Product Type:
    • Self-Expanding Intracranial Stents
    • Embolization Coil Support Intracranial Stents
  • Global Intracranial Stents Market, By Disease Indication:
    • Brain Aneurysms
    • Intracranial Stenosis
  • Global Intracranial Stents Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
  • Global Intracranial Stents Market, By Region:
    • North America Intracranial Stents Market
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
    • Europe Intracranial Stents Market
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
    • Asia Pacific Intracranial Stents Market
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
    • Latin America Intracranial Stents Market
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
    • Middle East Intracranial Stents Market
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
    • Africa Intracranial Stents Market
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Self-Expanding Intracranial Stents
        • Embolization Coil Support Intracranial Stents
      • By Disease Indication:
        • Brain Aneurysm
        • Intracranial Stenosis
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
  • Company Profiles
    • Medtronic Plc*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Balt Extrusion S.A.
    • MicroPort Scientific Corporation
    • Abbott Laboratories
    • Stryker Corporation
    • Admedes Schuessler GmbH
    • Cardiatis, S.A
    • DePuy Synthes
    • Acandis GmbH
    • Penumbra, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

 

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Disease Indication
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Technological Developments
    • Epidemiology
    • Regulatory Scenario
    • Product Recall
    • PORTER’S Five Forces Analysis
    • PEST Analysis
  4. Global Intracranial Stents Market, By Product Type, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Self-Expanding Intracranial Stents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
    • Embolization Coil Support Intracranial Stents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
  5. Global Intracranial Stents Market, By Disease Indication, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Brain Aneurysms
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
    • Intracranial Stenosis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
  6. Global Intracranial Stents Market, By End User, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017–2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
  7. Global Intracranial Stents Market, By Regions, 2016–2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016–2026
      • Regional Trends
    • North America Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • U.S.
        • Canada
    • Europe Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Africa Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East Intracranial Stents Market
      • Market Size and Forecast, By Product Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2016–2026 (US$ Million)
      • Market Size and Forecast, By Sales Channel, 2016–2026 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2026 (%)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Medtronic Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Balt Extrusion S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • MicroPort Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Admedes Schuessler GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Cardiatis, S.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • DePuy Synthes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Acandis GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Penumbra, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 25 market data tables and 44 figures on "Intracranial Stents Market” - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.