Intracranial Stenosis Stents Market Size - By Type (Self-expanding Stents, Embolization Coil Support Intracranial Stents, Venous Sinus Stents, Balloon-expanding Stents), By End-use (Hospitals and Clinics, Ambulatory Surgical Centers) - Global Forecast 2023-2032
Global Intracranial Stenosis Stents Market size will exhibit 5.1% CAGR between 2023 and 2032, attributed to the expanding geriatric population base. According to WHO, from 2015 to 2050, the global population aged 60 and above is expected to nearly double, increasing from 12% to 22%. Furthermore, it's projected that 80% of older individuals will reside in nations with lower and middle-income levels during this period.
As the elderly demographic grows, the prevalence of cerebrovascular conditions, including intracranial stenosis, could increase. The demand for stents to manage and treat these conditions is expected to rise, driving market expansion. Moreover, advancements in medical technology and an increasing focus on improving healthcare outcomes among aging people will further strengthen the market outlook.
The overall Intracranial Stenosis Stents Market is categorized based on type, end-use, and region.
The venous sinus stents industry will expand at a noteworthy CAGR from 2023 to 2032, driven by the escalating need to treat conditions like idiopathic intracranial hypertension and venous sinus stenosis. These stents provide a minimally invasive solution to restore proper blood flow in the brain's venous sinuses. This helps reduce intracranial pressure and alleviate related symptoms, making them a crucial medical intervention for patients with these conditions.
The ambulatory surgical centers segment will accumulate a decent intracranial stenosis stents market share by 2032 due to the increasing demand for minimally invasive stents across ASCs. These stents enable effective treatment of cerebrovascular conditions with reduced patient recovery time and shorter hospital stays. The convenience and efficiency of ambulatory surgical centers make them a preferred choice for procedures involving intracranial stenosis stents, further driving their demand in this setting.
Europe Intracranial Stenosis Stents Industry will garner appreciable gains through 2032 due to increasing incidences of cerebrovascular diseases and a growing aging population. Moreover, advancements in medical technology and the region's well-established healthcare infrastructure are driving the adoption of stent-based treatments. These factors, combined with a rising awareness of cerebrovascular conditions, are contributing to the industry's growth in Europe.