Global Flow Diverters Market is valued at approximately USD 298.32 million in 2023 and is anticipated to grow with a healthy growth rate of more than 13.29% over the forecast period 2024-2032. Flow diverters are devices inserted into blood vessels to address cerebral aneurysms, especially large or wide-necked ones. These stent-shaped objects are implanted in the main artery to redirect blood flow from the aneurysm, encouraging blood clotting and restructuring of the vessel wall. Flow diverters minimize the chances of an aneurysm bursting while still preserving blood circulation to surrounding branches. Moreover, the increasing prevalence of cerebral aneurysms and the growing demand for minimally invasive treatments are leading to the growth of the Global Flow Diverters Market. Additionally, growing awareness among healthcare providers and patients about the benefits of flow diverters is contributing to this upward trend.
The Global Flow Diverters Market is driven by several factors such as advancements in medical technology, increasing adoption of minimally invasive procedures, and growing investments in healthcare infrastructure. Innovations in flow diverter design and materials have significantly enhance improves the security and efficiency of these devices. Modern flow diverters are more flexible, making them easier to navigate through complex vascular structures, and are better at promoting aneurysm healing. Additionally, advancements in imaging techniques have improved the accuracy of flow diverter placement, leading to better patient outcomes and increased adoption by healthcare professionals. However, high costs associated with flow diverter procedures and devices and regulatory approval processes across various countries can delay the launch of new flow diverter technologies and can hinder the market growth over the forecast period.
The key regions considered for the Global Flow Diverters Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is dominating the Global Flow Diverters Market in terms of Revenue. North America has a high prevalence of cerebral aneurysms, advanced healthcare infrastructure, and a high rate of adoption of innovative medical technologies. Additionally, the presence of major market companies and wide research and development activities in the region further boost its market growth. The availability of skilled healthcare professionals and favorable repayment policies also contribute to the robust growth of the Flow Diverters Market in North America. The Asia Pacific Flow Diverters Market is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
- Stryker Corporation
- Medtronic PLC.
- MicroVention, Inc.
- Balt Group
- MicroPort Scientific Corporation
- Cerenovus
- Phenox GmbH
- Acandis GmbH
- InspireMD, Inc.
- Penumbra Inc.
The detailed segments and sub-segment of the market are explained below:
By Diameter Size
- 2-3 mm
- 3-4 mm
- 4-5 mm
- >5 mm
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Flow Diverters Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Flow Diverters Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Flow Diverters Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Flow Diverters Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Flow Diverters Market Size & Forecasts by Diameter Size 2022-2032
- 5.1. 2-3 mm
- 5.2. 3-4 mm
- 5.3. 4-5 mm
- 5.4. >5 mm
Chapter 6. Global Flow Diverters Market Size & Forecasts by Region 2022-2032
- 6.1. North America Flow Diverters Market
- 6.1.1. U.S. Flow Diverters Market
- 6.1.1.1. Diameter Size breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Flow Diverters Market
- 6.2. Europe Flow Diverters Market
- 6.2.1. U.K. Flow Diverters Market
- 6.2.2. Germany Flow Diverters Market
- 6.2.3. France Flow Diverters Market
- 6.2.4. Spain Flow Diverters Market
- 6.2.5. Italy Flow Diverters Market
- 6.2.6. Rest of Europe Flow Diverters Market
- 6.3. Asia-Pacific Flow Diverters Market
- 6.3.1. China Flow Diverters Market
- 6.3.2. India Flow Diverters Market
- 6.3.3. Japan Flow Diverters Market
- 6.3.4. Australia Flow Diverters Market
- 6.3.5. South Korea Flow Diverters Market
- 6.3.6. Rest of Asia Pacific Flow Diverters Market
- 6.4. Latin America Flow Diverters Market
- 6.4.1. Brazil Flow Diverters Market
- 6.4.2. Mexico Flow Diverters Market
- 6.4.3. Rest of Latin America Flow Diverters Market
- 6.5. Middle East & Africa Flow Diverters Market
- 6.5.1. Saudi Arabia Flow Diverters Market
- 6.5.2. South Africa Flow Diverters Market
- 6.5.3. Rest of Middle East & Africa Flow Diverters Market
Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Stryker Corporation
- 7.3.1.1. Key Information
- 7.3.1.2. Overview
- 7.3.1.3. Financial (Subject to Data Availability)
- 7.3.1.4. Product Summary
- 7.3.1.5. Market Strategies
- 7.3.2. Medtronic PLC.
- 7.3.3. MicroVention, Inc.
- 7.3.4. Balt Group
- 7.3.5. MicroPort Scientific Corporation
- 7.3.6. Cerenovus
- 7.3.7. Phenox GmbH
- 7.3.8. Acandis GmbH
- 7.3.9. InspireMD, Inc.
- 7.3.10. Penumbra Inc
Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes