PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510234
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510234
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.