1. By Application:
- Intracranial Aneurysms
- Intracranial Stenosis
- Others
Intracranial Aneurysms:
Market growth in this sub-segment is driven by the rising prevalence of intracranial aneurysms globally. Flow diverters are proven to be effective in preventing aneurysm rupture and reducing the chances of future bleeding. The increasing adoption of minimally invasive procedures, advancements in flow diversion technologies, and the rising geriatric population contribute to the growth of this sub-segment.
The flow diverters market is highly competitive and characterized by the presence of several prominent players. Key market players include:
1. Medtronic plc
2. MicroVention, Inc. (Terumo Corporation)
3. Stryker Corporation
4. Balt Extrusion S.A.
5. Penumbra, Inc.
6. MicroPort Scientific Corporation
7. Shape Memory Medical Inc.
8. InspireMD Inc.
9. Phenox GmbH
10. Acandis GmbH
These market players focus on strategic initiatives such as mergers and acquisitions, collaborations, and product advancements to strengthen their market position. Innovation and a strong distribution network are the key strategies adopted by these companies to gain a competitive edge in the flow diverters market.