Flow Diverters Market Growth is driven by Introduction of Technologically Advanced Products, 2028

Flow Diverters Industry Overview

The global flow diverters market size is anticipated to reach USD 874.10 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. Increasing research activities pertaining to the treatment of brain aneurysm and the rising prevalence of cerebral aneurysm are driving the market.

An increasing number of patients suffering from hypertension significantly increases the risk of a brain aneurysm. This is expected to drive market growth in the coming years. Hypertension or trauma to blood vessels is the major cause of brain aneurysm. As per the WHO facts 2019, around 1.1 billion people worldwide are suffering from hypertension.

Flow Diverters Market Segmentation

Grand View Research has segmented the global flow diverters market on the basis of diameter size and region:

Based on the Size Insights, the market is segmented into 2-3 mm Flow Diverters, 3-4 mm Flow Diverters, 4-5 mm Flow Diverters, and >5 mm Flow Diverters

• The >5 mm flow diverters segment dominated the market with a share of 64.50% in 2020 owing to their wide spectrum application in treating large and wide intracranial aneurysms.
• The 3-4 mm flow diverters segment is expected to register the highest CAGR from 2021 to 2028 owing to a rise in the number of product approvals and an increase in the demand for minimally invasive procedures.

Flow Diverters Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key market players account for a considerable share in the market owing to their broad product offerings. In recent years, flow diverters are getting attention from neurosurgeons owing to their success rate in managing brain aneurysm.

Some prominent players in the global Flow Diverters market include:

• Medtronic
• Stryker Corporation
• MicroVention, Inc. (Terumo Corporation)
• BALT Extrusion SA
• MicroPort Scientific Corporation
• Penumbra Inc.
• Phenox GmbH
• Acandis

Order a free sample PDF of the Flow Diverters Market Intelligence Study, published by Grand View Research.