The worldwide flow diverter market size is to reach USD 1,573.3 million by 2034. The industry is set to achieve the valuation mark of USD 413.4 million by 2024. Emerging usage trends for flow diverters suggest that the said advancement is likely to occur at an impressive CAGR of 14.3% through 2034.
Owing to the growing prevalence of brain aneurysms, the competitive landscape of the flow diverters industry is set to advance. Due to the growing number of patients globally, the demand for stents to control blood flow is likely to spur.
| Attributes | Key Insights |
|---|---|
| Estimated Flow Diverter Market Size in 2024 | USD 413.4 million |
| Projected Flow Diverter Industry Value in 2034 | USD 1,573.3 million |
| Value-based CAGR from 2024 to 2034 | 14.3% |
This elevated demand is estimated to govern the production of diverters, which is likely to assist key players in the flow diverters industry. The growth of leading organizations can fuel the development of the industry, propelling the growth of the sector.
The growing awareness of neurological diseases and other chronic disorders is a key element in fueling the demand for stents and diverters. This rising demand can help organizations explore new segments in the industry, helping the sector proliferate.
To cater to any internal injuries, patients are rushing to screen brain activity. This is a key aspect of the growing awareness. Coupled with structured efforts to generate this awareness, better medical assistance is fueling this rush. Due to this, key players in the flow diverters industry can find better prospects.
The growing emphasis on increased healthcare expenditure in many countries is helping the industry. Emerging usage trends for flow diverters suggest that the demand for stents, catheters, and other medical instruments is likely to spur.
This growing demand can assist the development of the competitive landscape of the flow diverters industry. Due to the increased expenditure, more prospects can be generated in the medical field, helping leading organizations.
Along with the increasing healthcare expenditure, government initiatives are shaping the industry. Due to the increased investments in the development of suitable infrastructure, key players in the flow diverters industry can create new niches in the sector.
Coupled with the infrastructure, technological development in the field can help organizations augment products, providing better comfort to patients. Such key steps from the government can expand the worldwide flow diverters market size.
Despite several drivers, the growth factors influencing the flow diverter market can be affected due to the stringent regulatory environment. This factor might elongate approval processes, impeding the time efficiency of the product launch in the sector.
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The following table projects the development of the industry spanning over different time spans. The initial half of the previous decade (from 2023 to 2033-H1) projected the development at a CAGR of 15.5%, whereas the second half of the decade (H2) projected the progress at a CAGR of 14.9%.
| Particulars | Value CAGR |
|---|---|
| H1 | 15.5% (2023 to 2033) |
| H2 | 14.9% (2023 to 2033) |
| H1 | 14.3% (2024 to 2034) |
| H2 | 13.8% (2024 to 2034) |
The following period ranging from 2024 to 2034 is estimated to show growth in the first half at the depreciated CAGR of 14.3% (H1). The second half of the period projects a CAGR of 13.8% (H2).
The first half marked a decrease of 120 BPS (H1), whereas the decrease in the next half is estimated to be 110 BPS (H2). The decrease could be attributed to the declined sales of flow diverters in many sectors due to the availability of alternative methods.
Minimally Invasive Procedures Spur the Worldwide Flow Diverter Market Size
The growing consumer inclination toward advanced therapeutics is set to shape the flow diverter market future forecast. Along with the changing perspectives of consumers toward medical assistance, spiking attention toward minimally invasive procedures is observed.
This factor is likely to shape the realm with changing medical practices, wherein medical professionals strive to provide optimum comfort to patients. To cater to this trend, key players in the flow diverters industry produce stents and flow diverters that can be readily inserted into the patient’s body.
The reluctance of medical experts toward surgical procedures is another factor fueling the trend. With more attention diverted toward non-invasive therapies, the demand for such diverters is expected to rise in the forecasted period.
Along with this trend, the growing technological infrastructure is assisting the progress of the sector. Cutting-edge technology can help organizations augment products that can suit patient’s changing health.
Emerging usage trends for flow diverters suggest that the growing prevalence of brain aneurysms is favoring the use of stents and diverters. This fuels the overall demand for such products, driving the industry.
Diagnostics Techniques Create the Flow Diverter Market Opportunities
The rising geriatric population across the world is one of the key growth factors influencing the flow diverter market. The likelihood of patients affected due to various chronic diseases also increases due to this spiked geriatric population.
Along with the spiked geriatric population, the rising number of chronic disease-infected people is shaping the competitive landscape of the flow diverters industry. To cater to efficient treatment for both such cases, accurate diagnostics must be produced. With the evolution of technological infrastructure, techniques in the said field have been elevated in terms of the accuracy and precision of reports.
The development of such diagnostics techniques fuels the development of the sector as key players in the flow diverters industry produce catheters and stents tailored to the demand for diagnostics. Coupled with such factors, the advancement of the realm is expected to gain an accelerated momentum in the forecasted period.
Treatment Costs Affect the Flow Diverter Market Future Forecast
With the elevated technology and other infrastructure, the cost of implanting a diverter is skyscraping. Due to this, the affordability of the treatment might be questioned, which is a key restraint for the sector, affecting the growth factors influencing the flow diverter market.
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The global flow diverters industry overview suggested that the valuation of the said sector in 2023 was USD 361.7 million. With the effect of various influencing factors, the sector was lifted from the USD 159.5 million valuation mark, which was measured in 2019. Growth factors influencing the flow diverter market have ensured a CAGR of 15.1% during the historical period.
The development of the robust infrastructure in developed countries of Europe and North America helped key players in the flow diverters industry in terms of steady expansion. This expansion helped the sector progress steadily during the historical period.
The stability of the sector leveraged the identification and penetration into new and emerging sectors during the historical era. As a result, new prospects were tapped during the period, propelling the development.
With the growing number of clinical trials and approvals through research, the competitive landscape of the flow diverters industry was propelled in terms of new product launches.
The support of government officials for increasing research facilitated the sector in terms of pushing new inclusions in the sector. Due to this, the historical era governed the holistic development of the ecosystem.
The forecasted period is vastly influenced by the integration of bleeding-edge technology. The inclusion of AI, robotics, and IoT into treatments is expected to gain traction, driving the industry.
The patient-centric approach is set to increase in the forecasted period, which is estimated to shape the flow diverter market future forecast. More emphasis is to be placed on designing tailored solutions.
The concentration of the industry in the Tier 1 category accounts for 72.2% of the industry share. Companies in this category have an aggregate turnover of USD 100 million. Expertise in the design of stents, diverters, and other medical instruments classifies leading organizations of this category from other category organizations.
Owing to several key benefits, including strategic and resource benefits, economic freedom, and larger consumer reach, businesses operating in the Tier 1 category can expand in the international market more freely.
With the advantage of the availability of technological assets, leading organizations in the category outperform small-scale businesses in the medical sector. As a result of this factor, the presence of Tier 1 organizations in the global landscape has been growing, which is reflected in terms of the industry share of the category.
Mid-sized organizations having expertise in lending resources occupy a decent share in the Tier 2 category. The contribution of this category is about 27.8%. A bolstered global presence is a categorical differentiating factor for such firms. The aggregate revenue generation of such firms is between USD 50 million and USD 100 million.
Due to this limited revenue generation capacity, companies performing in the Tier 2 category have limited capacity to acquire technological assets. Due to this, the capacity to innovate reduces, albeit the expenses required to maintain the manufacturing plants are also lowered.
Owing to different strategic initiatives, including alliance formation, resource lending, franchising, and many other strategies, organizations operating in the Tier 2 category can create a strong presence in the global landscape.
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With the rising government investments in the development of the healthcare sector, Europe is promising a better future for the industry. Key players in the flow diverters industry can use better infrastructure to expand in the region.
The establishment of a strong technological infrastructure in North America leads to many growth drivers for the industry. The impact of the latest trends on the flow diverters market suggests that the region is creating lucrative growth prospects for the sector. With the growing population in the Asia-Pacific region, the projected progress of the competitive landscape in the region will be the highest.
Forecast CAGRs from 2024 to 2034
| Countries | Forecasted CAGR |
|---|---|
| The United States of America | 6.6% |
| The United Kingdom | 7.7% |
| India | 24.1% |
The estimated advancement of the industry in the United States is likely to occur at a moderate CAGR of 6.6% through 2034. With the increasing healthcare expenditure through different regulatory policies and initiatives, the said sector in the country is set to advance moderately.
Key players in the flow diverters industry are expected to gain better prospects in terms of developing cutting-edge stents, catheters, and other products. This is likely to help the country contribute significantly to the enlargement of the worldwide flow diverter market size.
The investment of the United Kingdom’s government in the development of healthcare systems is favoring many local organizations. National Health Service (NHS) can deliver supreme healthcare facilities to patients.
The prevalence of neurological disorders in the country can be mitigated via such initiatives and national systems. This contributes to the growth factors influencing the flow diverter market. Owing to the abovementioned factors, the competitive landscape of the flow diverters industry is set to advance at a CAGR of 7.7% in the United Kingdom in the forecasted period.
The growing awareness about individual health is contributing to the surging demand for medical facilities, including monitoring and health control devices. This is an optimistic picture for the industry in India.
The evolving middle-class population is an indicator of the growing income level of consumers. Due to this, the affordability of services, benefitting the adoption of such services. Such factors drive the flow diverters market's latest trends in India and project the highest rate of progress of the sector, projecting a CAGR of 24.1% during the forecasted period.
Favorable government policies, effective structure, and high efficiency in terms of the insertion of diverters are some key drivers that elevate the worldwide flow diverter market size. The rising geriatric population is another contributing factor. Coupled with favorable reimbursement policies, the demand for medical devices is expected to rise.
| Category | Product- >5 mm Flow Diverters |
|---|---|
| Industry Share in 2024 | 38.5% |
In the context of the success rate achieved using such diverters, a high reliability can be observed. Such positive results favor the use of such diverters in different applications, surging the overall popularity of the segment.
Due to the inclined demography toward the senior population, the use of such diverters is expected to gain momentum for the said population segment. Minimally invasive treatments offered using such diverters improve the comfort of patients, driving the popularity of the segment.
| Category | Region- North America |
|---|---|
| Industry Share in 2024 | 38.5% |
With the growing prevalence of aneurysms in different countries of the region, including Canada, the United States, and other nations, the demand for diverters is expected to rise. Investments in research and development of different products and techniques favor the efficiency of stents and diverters in the region. Due to this, the demand for such medical devices is expected to rise in the region.
The reimbursement policies in the region are favorable for patients. Due to this, more patients are observed to be inclined toward such treatments, contributing to the growth factors influencing the flow diverter market.
The competitive landscape of the flow diverters industry comprises many large-scale organizations, which expand using different routes. Such modes include mergers, acquisitions, partnerships, and collaborations. Due to the cluttered competitive space, the scope for new entrants to expand in the sector reduces drastically. This constricts the entry in the sector.
To cater to this hindrance, new entrants can create a niche in the realm using innovation, strategic alliance formation, and so on. The following key developments have been shaping the worldwide flow diverter market size:-
2-3 mm Flow Diverters, 3-4 mm Flow Diverters, 4-5 mm Flow Diverters, and >5 mm Flow Diverters are key products in the industry.
North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and The Middle East and Africa are the key contributing regions to the industry.
The flow diverter market will advance at a CAGR of 14.3% through 2034.
The flow diverter industry will likely reach USD 1573.3 million by 2034.
The ecosystem will reach USD 413.4 million in 2024.
The >5 mm flow diverters will hold 38.5% of the industry share in 2024.
The flow diverter market in the United States will progress at a CAGR of 6.6% through 2034.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Device Type
6.2. Diameter Size
6.3. Material
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Device Type
7.1. Silk (SILK)
7.2. Surpass (SURPASS)
7.3. FRED Flow Diverter
7.4. p64 Flow Diverter
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Diameter Size
8.1. 2-3 mm
8.2. 3-4 mm
8.3. 4-5 mm
8.4. >5 mm
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
9.1. Cobalt-Chromium
9.2. Nickel-Cobalt Chromium
9.3. Nickel-Titanium
9.4. Stainless Steel
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. North America
10.2. Latin America
10.3. Western Europe
10.4. South Asia
10.5. East Asia
10.6. Eastern Europe
10.7. Middle East & Africa
11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Sales Forecast 2024 to 2034 by Device Type, Diameter Size, and Material for 30 Countries
19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
20. Company Profile
20.1. Medtronic
20.2. Stryker Corporation
20.3. MicroVention, Inc. (Terumo Corporation)
20.4. BALT Extrusion SA
20.5. MicroPort Scientific Corporation
20.6. Penumbra Inc.
20.7. Phenox GmbH
20.8. Acandis
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Flow Diverter Market
