Cerebral Vascular Stent Market Size, Share, Industry Trends and Forecast to 2030

Cerebral Vascular Stent Market Size & CAGR in 2021:

The global cerebral vascular stent market is projected to witness a Compound Annual Growth Rate (CAGR) of 6.8% in 2021. The market size is expected to reach USD 1.5 billion by the end of the year.

COVID-19 Impact on the Cerebral Vascular Stent Market:

The COVID-19 pandemic has significantly impacted the cerebral vascular stent market. Due to the pandemic, there was a decrease in elective procedures, which resulted in a temporary decline in the market. However, with the gradual resumption of healthcare services, the market is expected to recover and show growth in the coming years.

Cerebral Vascular Stent Dynamics:

The cerebral vascular stent market is driven by factors such as the increasing prevalence of cerebral vascular diseases, advancements in stent technology, and the rising demand for minimally invasive procedures. Additionally, the growing geriatric population, who are more prone to vascular diseases, also contributes to the market growth.

Segments and Related Analysis:

The cerebral vascular stent market is segmented based on product type, material, end-user, and region. By product type, the market is divided into carotid stents, intracranial stents, and others. Based on material, the market includes nitinol, stainless steel, and cobalt-chromium. The end-users of cerebral vascular stents are hospitals, ambulatory surgical centers, and specialty clinics.

By Region Analysis:

The global cerebral vascular stent market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to the high prevalence of cerebral vascular diseases and the presence of major market players in the region.

Key Market Players and Competitive Landscape:

Some of the key players in the cerebral vascular stent market include Boston Scientific Corporation, Medtronic, Cook Medical, Abbott Laboratories, Terumo Corporation, and B. Braun Melsungen AG. These companies focus on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position.

Recent Happenings in the Cerebral Vascular Stent Market:

In recent developments, Boston Scientific Corporation announced the launch of a new cerebral vascular stent with advanced features to improve patient outcomes. Medtronic introduced a minimally invasive stenting procedure for cerebral vascular diseases, providing a less invasive treatment option for patients. Cook Medical collaborated with leading healthcare institutions to conduct clinical trials for innovative stent technologies.