According to The Insight Partners new research study on “Coil Assisted Flow Diverters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the factors such as rising incidence of intracranial aneurysms and growing incidence of hypertension, smoking, alcoholism, and obesity. However, the high cost of neurosurgical devices restrains the growth of the market.
Strategic Insights:
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Report Coverage |
(Details) |
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Market Size Value in |
(US$ 12,314.65 million in 2021) |
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Market Size Value by |
(US$ 278.23 million in 2021) |
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Growth Rate |
(CAGR of 7.6% during 2021–2028) |
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Forecast Period |
(2021-2028) |
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Base Year |
(2021) |
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No. of Pages |
(145 ) |
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No. Tables |
(46) |
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No. of Charts & Figures |
(60) |
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Segments covered |
(By Application, End User) |
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Regional scope |
(North America; Europe; Asia Pacific; Latin America; MEA) |
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Country scope |
(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina) |
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Report coverage |
(Revenue forecast, company ranking, competitive landscape, growth factors, and trends) |
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Coil assisted flow diverter is an adjunctive intrasaccular stent made of super visible braid elastic matter and is less restrictive. It is designed for the placement of embolization coils in the treatment of aneurysms. Coil assisted flow diverter also possesses mesh braid of contour neurovascular system, with memory properties, self-anchoring, stabilizing and less restricting sizing with the help of high precision re-sheathable placement into the aneurysm sac neck.
Rising Incidence of Intracranial Aneurysms
Coil assisted flow diverters are stent-like devices used for the embolization of intracranial aneurysms. The incidence of intracranial aneurysms is increasing across the world. For instance, the Brain Aneurysm Foundation, Statistics and Facts report stated that around 6.5 million people (that is 1 in 50 people) in the US have an unruptured brain aneurysm. The report has also mentioned that 20% of the total people diagnosed with a brain aneurysm have more than one aneurysm. It has further reported that, every year, around 30,000 people in the US suffer from a brain aneurysm rupture, and a brain aneurysm rupture takes place in every 18 minutes. Also, Brain Aneurysm Foundation of Canada reported that about 8 to 10 people in 100,000, or around 2,800 to 3,500 Canadians, suffer from a burst aneurysm every year, which accounts for about 3% of all hemorrhagic strokes.
Further, as per the National Health Service (NHS), 1 in 12,500 people have a ruptured brain aneurysm in England each year. Additionally, as per the ‘Unruptured Intracranial Aneurysms—Pathogenesis and Individualized Management’ report published in Deutsches Ärzteblatt International in 2020, around 2 million adults in Germany have an unruptured intracranial aneurysm (IA). Thus, the increasing prevalence of intracranial aneurysms drives the growth of the coil assisted flow diverters market.
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
Download the Latest COVID-19 Analysis on Coil Assisted Flow Diverters Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00022687
The coil assisted flow diverters market, by application, is bifurcated into wide-neck bifurcation aneurysms and narrow neck bifurcation aneurysms. The wide-neck bifurcation aneurysms segment held a larger market share in 2021, and the same segment is anticipated to register a higher CAGR in the market during the forecast period.
The coil assisted flow diverters market, by end user, is segmented into hospitals, clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021. Also, the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Coil Assisted Flow Diverters Market: Competitive Landscape and Key Developments
Cerus Endovascular Ltd.; Balt; MicroPort Medical Company; Stryker; Acandis GmbH; lepu medical; Penumbra Inc.; Microvention, Inc.; DePuy Synthes; and Medtronic are among the leading companies operating in the coil assisted flow diverters market.
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