Flow Diverters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

  • Single User License $3500

Flow Diverters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : October, 2021 | Medical Devices

Report Digest


Flow Diverters Market: Overview

There is a rapid increase in the cases of brain aneurysms in different countries across the globe. The risk factors associated with these brain aneurysms are driving growth in the flow diverters market. Further, there is an increased inclination toward minimally invasive procedures in the medical industry, and it further fuels growth in the flow diverters market.

The rising awareness among the populace related to the treatment is also boosting growth in the flow diverters market. Furthermore, the government is taking different initiatives for the prevention of intracranial aneurysms among people. This factor may boost growth in the market.

Flow diverters are gaining traction because of FDA approval for the usage of these diverters in the intracranial aneurysm. This rapid increase in the flow diverters may consume the market of embolic soils that were considered gold standards to treat an intracranial aneurysm in the past years. In addition, the surgical process for flow diverters is comparatively less complicated and needs a shorter inpatient time. So, the outbreak of COVID-19 has put a positive impact on the manufacturers in the flow diverters market regarding product demand.

Flow Diverters Market: Key Trends

There is a rapid increase in the cases of a brain aneurysm at the global platform, and it is expected to impact the growth in the flow diverters market. A brain aneurysm is also addressed as a cerebral or intracranial aneurysm. It is a ballooning or bulge in the vessels of blood inside the human brain. This aneurysm may rupture and result in bleeding in the nearby subarachnoid space. These steps further may lead to brain hemorrhage or stroke. Flow diverters find application for the treatment of untreatable intracranial aneurysms. These diverters are kept in the parent artery for the diversion of blood flow.

The rising geriatric population is anticipated to serve as a driving factor for the growth in the flow diverters market. The World Aging report has estimated that there are approximately 703 million people of 65 or over year’s age in 2019. So, the increasing population of geriatric people may boost demand in the flow diverters market.

The developed and developing countries across the globe are witnessing an increase in cases of brain aneurysms. This increase has led to an increased demand for technologically advanced products in the flow diverters market. 

Flow Diverters Market: Competitive Dynamics and Key Developments

The key market players operating in the flow diverters market account for a considerable portion of the market with their broad product offerings. In recent years, neurosurgeons are putting their attention on flow diverters because of their increased success rate to manage brain aneurysms.

Different companies serving in the flow diverters market are concentrating on various research activities to address the pitfalls that are associated with the current treatment options in the market. For instance, Cerus Endovascular has got CE mark approval in April 2020. This approval is related to the Neqstent Coil-assisted flow diverter. This flow diverter works efficiently to cure different intracranial aneurysms. Neqstent has been designed to treat a wide series of aneurysm morphologies that includes bifurcation aneurysms and wide-necked bifurcation.

Some of key players serving in the flow diverters market are:

  • Acandis
  • Medtronic
  • Phenox GmbH
  • Stryker Corporation
  • Penumbra Inc.
  • MicroVention, Inc.
  • MicroPort Scientific Corporation
  • BALT Extrusion SA

Flow Diverters Market: Regional Assessment 

The flow diverters market is spread in distant geographical regions across the globe. Some key regions include North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Among these regions, North America accounts for the largest share in the flow diverters market. This dominance in the market is on the back of rising demand for neurological processes with the minimally invasive and increasing prevalence of intracranial aneurysms in the region. Furthermore, the growing rate of technological advancements is also fueling growth in the flow diverters market. The favorable reimbursements and supportive government initiatives are also boosting demand in the flow diverters market in the North American region. Further, the Asia Pacific region is also anticipated to grow at a significant rate because of increased cases of neurovascular disorders.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?