Market Introduction
Coil assisted flow diverters is an adjunctive intrasaccular stent which is made of super visible braid elastic matter and is less restrictive. It is designed for application with embolization coils for the treatment of aneurysms. It also possesses mesh braid of contour neurovascular system, with memory properties, self-anchoring, stabilizing and less restricting sizing with the help of high precision re-sheathable placement into the aneurysm sac neck.
Market Overview and Dynamics
The Asia Pacific coil assisted flow diverters market is expected to reach US$ 98.71 million by 2028 from US$ 57.01 million in 2021; it is estimated to grow at a CAGR of 8.2% from 2021 to 2028. Key factors that are driving growth of the market are rising incidence of intracranial aneurysms and growing incidence of hypertension, smoking, alcoholism, and obesity fuel the growth of the market. However, high cost of neurosurgical devices is expected to restrict the market growth during the forecast period.
Coil assisted flow diverters are stent-like devices that are used to for the embolization of intracranial aneurysms. Thus, increasing incidence of intracranial aneurysms is propelling the demand for coil assisted flow diverters. As per the Ministry of Health, Labor, and Welfare 2017 Survey, the number of patients suffering from cerebrovascular diseases, including subarachnoid hemorrhages and intracranial aneurysms, was estimated to be over 1.1 million in Japan. Thus, increasing prevalence of intracranial aneurysms is creating high demand for coil assisted flow diverters. Also, hypertension, smoking, alcoholism, and obesity are associated with the development of brain aneurysms. Thus, increasing prevalence of these diseases is likely to fuel the demand for coil assisted flow diverters. In addition to this, the growing geriatric population, the rise in associated neurological disorders and technological advancements in coil assisted flow diverters across Asia Pacific are likely to create growth opportunities for the market.
Asia Pacific countries are expecting to witness massive challenges due to increasing COVID-19. Due to the outbreak of disease, healthcare industries have been affected severely, considering the economic conditions in the current situation. As per the survey ‘Impact of the COVID-19 Pandemic on Neurosurgical Practice in India: Results of an Anonymized National Survey’, in India, there was drastic fall was observed in number of neurosurgical patients in the outpatient department (OPD) and in the number of surgeries performed. A drop of 76.25% was seen in OPD patients and 70.59% in surgeries performed. Also, universities across the Asia Pacific region are closed; access to research labs is restricted, and ongoing healthcare research and developments regarding coil assisted flow diverters have been postponed. Thus, the market is likely to face challenges due to coronavirus outbreak.
Key Market Segments
Based on application, the Asia Pacific coil assisted flow diverters market is segmented into wide-neck bifurcation aneurysms and narrow bifurcation aneurysms. The wide-neck bifurcation aneurysms segment held a larger share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
Based on end user, the Asia Pacific coil assisted flow diverters market is segmented into hospitals, clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Asia Pacific coil assisted flow diverters market are the All-India Institute of Medical Sciences (AIIMS), Sree Chitra Thirunal Institute of Medical Science and Technology (SCTIMST) and World Health Organization (WHO).
Reasons to buy the report
ASIA PACIFIC COIL ASSISTED FLOW DIVERTERS MARKET SEGMENTATION
By Application
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 57.01 Million |
| Market Size by 2028 | US$ 98.71 Million |
| CAGR (2021 - 2028) | 8.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Coil Assisted Flow Diverters Market is valued at US$ 57.01 Million in 2021, it is projected to reach US$ 98.71 Million by 2028.
As per our report Asia Pacific Coil Assisted Flow Diverters Market, the market size is valued at US$ 57.01 Million in 2021, projecting it to reach US$ 98.71 Million by 2028. This translates to a CAGR of approximately 8.2% during the forecast period.
The Asia Pacific Coil Assisted Flow Diverters Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Coil Assisted Flow Diverters Market report:
The Asia Pacific Coil Assisted Flow Diverters Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Coil Assisted Flow Diverters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Coil Assisted Flow Diverters Market value chain can benefit from the information contained in a comprehensive market report.
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