Advancement in scientific technology has led to
development of new generation stents referred as flow diverters. Flow diverters
stenting has become the most widely accepted minimally invasive method for
treatment of intracranial aneurysm. Flow diverters cause the disruption of
intra-aneurysmal blood flow which results in change of the transmural pressure
gradient. Interventional cardiologists, surgeons, neurologists, and
radiologists are efficient in performing this procedure. Usage of endovascular
stents has increased due to growing acceptance of flow diverters by surgeons
and physicians. This procedure is highly recommended by health care centers and
hospitals worldwide to people with carotid artery stenosis. Also, several
vendors are focusing on getting clinical data and findings that support the
adoption of flow diverters, which will enable manufacturers and researchers to
develop new technologies for treating intracranial aneurysm. Rise in demand for
minimally invasive endovascular surgeries is projected to contribute to the
growth of the global flow diverters
market during the forecast period.
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The first clinical use of a flow diverter in North
America was reported in 2008. The use of flow diverter has widened the scope of
treatment of cerebral aneurysms. Flow diverters have helped in treating
previously untreatable intracranial aneurysms. Increase in cases of brain
aneurysms drive the global flow diverters market. Moreover, growing awareness
and demand for minimally invasive endovascular surgeries propel the market.
However, complications associated with the procedure, high cost of treatment,
and alternative procedures and therapies restrain the global flow diverters
market.
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Flow diverters are available in different lengths,
diameter sizes, materials, and designs. The global flow diverters market can be
segmented based on device type, end-user, and region. In terms of device type,
the market can be categorized into Pipeline embolization device (PED), Silk
flow diverter (SILK), Surpass flow diverter (SURPASS), FRED flow diverter, and
p64 flow diverter. Cobalt-chromium and platinum-tungsten materials are used in the
manufacture of flow diverters. PED is the most commonly used flow diverter in
treatment of intracranial aneurysms. It is made of 75% cobalt-nickel and 25%
chromium-platinum alloy and consists of a stent-like device with porosity of
65% to 70%. These are available in 2.5 mm to 5 mm diameter and 10 mm to 35 mm
length. Silk flow diverters are currently unavailable for use in the U.S. and
limited data is available on the use of Surpass flow diverter. Based on
end-user, the global flow diverters market can be classified into hospitals and
research institutes. Adoption of flow diverters for the treatment of
intracranial aneurysms by neurosurgeons and physicians has fueled the growth of
the global flow diverters market in the past few years.
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In terms of region, the global flow diverters market
can be segmented into North America, Asia Pacific, Europe, Latin America, and
Middle East & Africa. North America dominates the global flow diverters
market because of fast growing life science industry, rising focus on research
& new technology development. Europe is the second largest market for flow
diverters. Asia Pacific is projected to be the most lucrative market for flow
diverters and is expected to expand at the highest growth rate from 2017 to
2025. Rise in government initiatives, grants, and funds; increase in life
science R&D spending especially in India, China, and Japan, and dedicated
research commercial zones are attracting domestic and foreign players to invest
and enter the lucrative research sector in Asia Pacific.
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Key players operating in the global flow diverters
market are Medtronic, Balt Extrusion, MicroVention, Inc., and Stryker, among
others.
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