The global Flow Diverters Market size is anticipated to reach USD 874.10 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. Increasing research activities pertaining to the treatment of brain aneurysm and the rising prevalence of cerebral aneurysm are driving the market.
An increasing number of patients suffering from
hypertension significantly increases the risk of a brain aneurysm. This is
expected to drive market growth in the coming years. Hypertension or trauma to
blood vessels is the major cause of brain aneurysm. As per the WHO facts 2019,
around 1.1 billion people worldwide are suffering from hypertension.
In addition, several initiatives launched by the government
of various countries to improve public awareness and treatment related to
cerebral aneurysm are driving the market. For instance, the Brain Aneurysm
Foundation of Canada works toward educating and spreading awareness about brain
aneurysms. This program includes early access to monthly educational webinars
and social media campaigns for highlighting the prevalence of brain aneurysms.
Moreover, companies are developing and launching
technologically advanced products for attracting more customers in the market.
For instance, in January 2020, MicroVention, Inc., (part of Terumo Corporation)
received the U.S. FDA Premarket Approval for its FRED to treat intracranial
aneurysms. It utilizes self-expanding, woven nitinol mesh to re-direct blood
flow and promote aneurysm occlusion.
Related Press Release@: Flow Diverters Market Report
Flow Diverters Market Report
Highlights
- On the basis of diameter size, the >5 mm flow diverters segment
dominated the overall market with a share of 65.8% in 2019 owing to their
increasing demand and application in treating giant and wide intracranial
aneurysms (>10 mm vessel diameter)
- North America dominated the market with the highest revenue share
of 46.5% in 2019 owing to the high prevalence rate of brain aneurysms and
the presence of key market players in this region
- In Asia Pacific, the market is expected to witness the highest CAGR
of 14.4% from 2020 to 2027 owing to the presence of a huge target
population and increasing healthcare spending in the region
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment