Global Flow Diverters Market Overview
As per MRFR analysis, the Flow Diverters Market Size was estimated at 0.93 (USD Billion) in 2022. The Flow Diverters Market is expected to grow from 1.02 (USD Billion) in 2023 to 2.4 (USD Billion) by 2032. The Flow Diverters Market CAGR (growth rate) is expected to be around 9.94% during the forecast period (2024 - 2032).
Key Flow Diverters Market Trends Highlighted
The global flow diverters market continues to witness significant growth, driven by the rising prevalence of aneurysms and other cerebrovascular disorders.
The increasing adoption of minimally invasive surgical techniques and the growing awareness of flow diverters as a safe and effective treatment option are further bolstering market expansion.
Key market drivers include the aging population, which is more susceptible to cerebrovascular diseases, and the increasing availability of advanced neuroimaging techniques, which aid in the early detection and diagnosis of aneurysms.
Opportunities for growth lie in the development of next-generation flow diverters with improved efficacy, reduced invasiveness, and enhanced patient outcomes.
Recent market trends include the emergence of low-profile flow diverters, which offer improved navigability and reduced risk of complications, and the development of flow diverters specifically designed for complex and challenging anatomies.
Continued advancements in materials science and device design are expected to further shape the market landscape, leading to more effective and personalized treatment options for patients with cerebrovascular disorders.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flow Diverters Market Drivers
Increasing Prevalence of Complex Aneurysms
The primary factor that is augmenting the Global Flow Diverters Market is the rising prevalence of complex aneurysms among the geriatric population. Many of these aneurysms cannot be treated through traditional ways, such as coiling or stenting, because of their location or shape.
A flow diverter is a good treatment option for such complex aneurysms and is less invasive as well. Since it works by diverting blood flow from the aneurysm and promoting healing, the growing number of patients with complex aneurysms will continue to drive the demand for it in the coming years.
Technological Advancements in Flow Diverter Devices
Technological progress in flow diverter devices serves as another significant driver of the Global Flow Diverters Market. Over the last few years, various improvements have been made to flow diverters, and new materials have been introduced.
For instance, the subsequent generation of flow diverters relies on more completely biocompatible materials, thereby reducing risks associated with the use of the tool, for example, thrombosis or inflammation.
Also, specific designs were developed that performed better in flow diversion and aneurysm sac occlusion rates. Such advances will continue to help the adoption of flow diverters in treating complex aneurysms.
Growing Awareness of Flow Diverters
The increasing awareness about flow diverters in both the healthcare industry and patient pool is also aiding growth for the Global Flow Diverters Market.
While flow diverters are a relatively new treatment modality for complex aneurysms, awareness about their benefits has been increasing among healthcare professionals, due to which the number of recommendations is growing.
Moreover, patients are learning about flow diverters from information available online and through various patient advocacy groups. This growing awareness is expected to continue driving growth in demand for flow diverters.
Flow Diverters Market Segment Insights
Flow Diverters Market Flow Diverter Type Insights
Segmentation based on Flow Diverter Type is a significant aspect of the Global Flow Diverters Market, as each type responds to unique clinical needs and offers different market opportunities.
The Pipeline Embolization Device segment dominated in the year 2023, with a noteworthy percentage of the overall Global Flow Diverters market revenue.
The procedure is commonly used for the treatment of complex aneurysms and has shown excellent clinical results. The Flow Modulation Device segment is likely to record considerable growth during the forecast period, supported by developments in device design and better clinical outcomes.
The devices allow for consistent and regulated flow at the target site. There is a rising adoption rate for this segment of flow diverters in the context of flow-related diseases. The Stent-assisted Coiling segment holds a considerable part of the market and is likely to continue in its position in the next years.
SAC allows for both embolization of aneurysms and diversion of flow. It is commonly indicated for large and wide-necked aneurysms.
The other Flow Diverter Types segment, composed mainly of balloon-assisted flow diverters and novel stent designs whose clinical and long-term outcomes are yet to be observed, is also likely to gain a bigger percentage of the Global Flow Diverters Market by the end of the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flow Diverters Market Application Insights
The Global Flow Diverters Market Segmentation by Application includes Intracranial Aneurysms, Arteriovenous Malformations, Carotid Artery Disease, and Other Applications. Intracranial Aneurysms held the largest market share in 2023 and is expected to continue its dominance during the forecast period.
The rising prevalence of intracranial aneurysms, coupled with advancements in flow diverter technology, is driving the growth of this segment. The Arteriovenous Malformations segment is also expected to witness significant growth due to increasing awareness and improved diagnosis rates.
The Carotid Artery Disease segment is projected to grow at a steady pace, supported by the growing number of patients with carotid artery stenosis and the need for effective treatment options.
The Other Applications segment, which includes conditions such as dural arteriovenous fistulas and spinal arteriovenous malformations, is expected to contribute to the overall growth of the Flow Diverters Market.
Flow Diverters Market Material Insights
The Global Flow Diverters Market segmentation by Material is expected to witness significant growth in the coming years. Nitinol is anticipated to dominate the segment due to its excellent biocompatibility, flexibility, and ability to provide optimal flow diversion.
Cobalt-chromium alloy is another key material used in flow diverters owing to its strength and corrosion resistance. Stainless Steel, with its cost-effective nature, is also widely employed in the manufacturing of flow diverters. Other Materials, such as PEEK and Polyurethane, offer unique properties and are expected to contribute to the growth of the segment.
The growth of the market can be attributed to the rising prevalence of cerebrovascular diseases and the increasing adoption of flow diverters as a minimally invasive treatment option.
Flow Diverters Market Delivery System Insights
The Global Flow Diverters Market is segmented into Over-the-Wire Delivery System, Catheter-Based Delivery System, and Other Delivery Systems. Among these, the Catheter-Based Delivery System segment held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period 2024-2032.
The Catheter-Based Delivery System segment's growth can be attributed to the increasing adoption of minimally invasive procedures for the treatment of brain aneurysms.
The Over-the-Wire Delivery System segment is expected to witness a significant growth rate during the forecast period due to the rising prevalence of cerebrovascular diseases and the increasing demand for less invasive treatment options.
Other Delivery Systems segment includes a variety of delivery systems, such as balloon-expandable delivery systems and stent-supported delivery systems, which are gaining popularity due to their ability to deliver flow diverters to challenging anatomies.
Flow Diverters Market Regional Insights
The Regional segment of the Global Flow Diverters Market offers valuable insights into the geographical distribution of market revenue. North America dominates the market, accounting for over 40% of the global revenue in 2023.
This dominance is attributed to the presence of a large number of key market players, well-established healthcare infrastructure, and high adoption of advanced medical technologies in the region.
Europe holds the second-largest market share, driven by strong demand from countries such as Germany, France, and the United Kingdom.
The APAC region is expected to witness significant growth in the coming years, owing to rising healthcare expenditure, increasing awareness about flow diverters, and the presence of a large patient population.
South America and MEA represent smaller but growing markets, with increasing investments in healthcare infrastructure and a growing demand for minimally invasive medical procedures.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flow Diverters Market Key Players and Competitive Insights
Major players in the Flow Diverters Market are continuously investing in research and development to launch advanced products.
Leading Flow Diverters Market players are focusing on expanding their product portfolio by introducing new products and enhancing existing ones to cater to the evolving needs of customers. They are also adopting various strategies such as mergers and acquisitions to strengthen their market position.
The Flow diverter market development is driven by the increasing prevalence of cerebrovascular diseases, technological advancements in flow diverter devices, and rising awareness about the benefits of flow diverters.
Stryker Corporation is a leading player in the Flow Diverters Market. The company offers a comprehensive range of flow diverter devices, including the Surpass Streamline Flow Diverter and the Surpass Evolve Flow Diverter.
Stryker Corporation is focused on providing innovative solutions for the treatment of complex neurovascular conditions. The company has a strong global presence and is committed to investing in research and development to drive Flow Diverters Market development.
MicroPort Scientific Corporation is another prominent player in the Flow Diverters Market. The company offers the Pipeline Embolization Device, which is a flow diverter stent used to treat intracranial aneurysms.
MicroPort Scientific Corporation is focused on providing high-quality medical devices for the treatment of neurovascular conditions.
The company has a global presence and is committed to expanding its market reach through strategic partnerships and acquisitions.
Key Companies in the Flow Diverters Market Include:
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Terumo Corporation
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Boston Scientific Corporation
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Stryker Corporation
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Invatec
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Johnson Johnson Services, Inc.
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Microvention, Inc.
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Cook Medical
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Merit Medical Systems, Inc.
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Olympus Corporation
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Surmodics, Inc.
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Cardinal Health
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Medtronic
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Penumbra, Inc.
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B. Braun Melsungen AG
Flow Diverters Market Developments
The rising prevalence of cerebrovascular diseases, increasing demand for minimally invasive procedures, growing awareness about flow diverters, and technological advancements in the field are fueling market growth.
Key players in the market include Acandis GmbH, MicroVention Inc., and Stryker Corporation. Recent developments in the market include the launch of new products, such as the SilkVista Flow Diverter by Acandis GmbH, and the expansion of geographical reach by key players.
The increasing adoption of flow diverters in emerging markets is also expected to drive market growth in the coming years.
Flow Diverters Market Segmentation Insights
Flow Diverters Market Flow Diverter Type Outlook
- Pipeline Embolization Device (PED)
- Flow Modulation Device (FMD)
- Stent-Assisted Coiling (SAC)
- Other Flow Diverter Types
Flow Diverters Market Application Outlook
- Intracranial Aneurysms
- Arteriovenous Malformations
- Carotid Artery Disease
- Other Applications
Flow Diverters Market Material Outlook
- Nitinol
- Cobalt-Chromium Alloy
- Stainless Steel
- Other Materials
Flow Diverters Market Delivery System Outlook
- Over-the-Wire Delivery System
- Catheter-Based Delivery System
- Other Delivery Systems
Flow Diverters Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.93(USD Billion) |
| Market Size 2023 |
1.02(USD Billion) |
| Market Size 2032 |
2.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.94% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Terumo Corporation, Boston Scientific Corporation, Stryker Corporation, Invatec, Johnson Johnson Services, Inc., Microvention, Inc., Cook Medical, Merit Medical Systems, Inc., Olympus Corporation, Surmodics, Inc., Cardinal Health, Medtronic, Penumbra, Inc., B. Braun Melsungen AG |
| Segments Covered |
Flow Diverter Type, Application, Material, Delivery System, Regional |
| Key Market Opportunities |
Increasing demand for minimally invasive treatments Growing prevalence of complex aneurysms Technological advancements in flow diverter devices Expansion in emerging economies Government initiatives to improve healthcare infrastructure |
| Key Market Dynamics |
Rising prevalence of aneurysms Technological advancements Growing number of clinical trials Expanding applications in neurovascular interventions Increasing adoption in emerging markets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Flow Diverters Market reached a valuation of approximately 1.02 billion USD in 2023.
By the end of 2032, the Global Flow Diverters Market is projected to reach a valuation of around 2.4 billion USD.
The Global Flow Diverters Market is anticipated to grow at a steady CAGR of approximately 9.94% during the forecast period of 2024-2032.
North America is expected to dominate the Global Flow Diverters Market throughout the forecast period due to factors such as technological advancements and a large patient population.
Flow Diverters are primarily used in the treatment of complex intracranial aneurysms, which are abnormal bulges in blood vessels in the brain.
Some of the prominent players in the Global Flow Diverters Market include MicroPort NeuroTech, Medtronic, Johnson Johnson, Stryker, and Terumo.
The increasing prevalence of cerebrovascular diseases, growing demand for minimally invasive treatments, and technological advancements are key factors driving the growth of the Global Flow Diverters Market.
The high cost of Flow Diverters and reimbursement issues in certain regions pose challenges to the growth of the Global Flow Diverters Market.
The development of next-generation Flow Diverters with improved efficacy and safety profiles is an emerging trend in the Global Flow Diverters Market.
Advancements in materials science and manufacturing techniques are expected to lead to the development of more effective and versatile Flow Diverters, driving market growth.
