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Global Flow Diverters Market Size, Share & Trends Analysis Report by Diameter Size (2-3 mm, 3-4 mm, 4-5 mm, >5 mm), Region (North America, Europe), and Segment Forecasts, 2024-2030

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  • 300 Pages
  • June 2024
  • Region: Global
  • Grand View Research
  • ID: 5416027
Description Jump to:
The global flow diverters market size is expected to reach USD 722.59 million by 2030, registering a CAGR of 13.29% from 2024 to 2030. Rising awareness about minimally invasive treatment option, regulatory approvals, collaboration and partnerships, along with growing research activity in the field of brain aneurysm treatment are driving the market growth.

Increasing number of patients suffering from hypertension significantly increases the risk of brain aneurysm. For instance, as per the Barcelona Institute for Global Health (ISGlobal) in 2022, Hypertension is one of the top causes of death worldwide, accounting for 12.8% of all fatalities each year. Furthermore, as per the WHO in 2023, worldwide, an estimated 1.28 billion persons aged 30-79 years have hypertension, with the majority (two-thirds) living in middle and low income nations. These factors are expected to increase the demand in the coming years.

Several initiatives launched by the government of various countries to improve public awareness and treatment related to cerebral aneurysm are anticipated to spur the demand in near future. For instance, the Brain Aneurysm Foundation of Canada works toward spreading awareness and educating about brain aneurysm. This programs include and social media campaigns early access to monthly educational webinars for highlighting the prevalence of brain aneurysm.

Companies are developing and launching technologically advanced products for attracting more customers in the market. For instance, in January 2020, MicroVention, Inc. (a subsidiary of Terumo Corporation) has gained FDA Premarket Clearance for their FRED, which is used to treat cerebral aneurysms. It makes use of a self-expanding, woven nitinol mesh to reroute blood flow and facilitate aneurysm closure which is expected to boost the demand in the near future.

Flow Diverters Market Report Highlights

  • Based on diameter size, >5 mm flow diverter segment dominated the overall market in 2023 owing to their increasing demand and application in treating giant and wide intracranial aneurysms (>10 mm vessel diameter).
  • North America dominated the market with the highest revenue with a share of 35.98% in 2023 owing to high prevalence rate of brain aneurysm and presence of key market players in this region.
  • Asia Pacific region is anticipated to grow at the fastest CAGR from 2024 to 2030 owing to the presence of large target population, and increasing healthcare spending in the region.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Information Procurement
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Flow Diverters Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Technological Advancements
3.2.1.2. Increasing Prevalence Brain Aneurysm
3.2.1.3. Mergers And Acquisition Among Industry Key Players
3.2.2. Market Restraint Analysis
3.2.2.1. Lack Of Skilled Healthcare Professionals
3.2.2.2. High Cost of Treatment
3.2.3. Market Opportunities Analysis
3.2.3.1. Increasing Clinical Studies for The Treatment of Brain Aneurysm
3.2.4. Market Challenge Analysis
3.2.4.1. Complex Regulatory Framework
3.3. Flow Diverters Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of suppliers
3.3.1.2. Bargaining power of buyers
3.3.1.3. Threat of substitutes
3.3.1.4. Threat of new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political & Legal Landscape
3.3.2.2. Economic and Social Landscape
3.3.2.3. Technological landscape
Chapter 4. Flow Diverters Market: Diameter Size Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Flow Diverters Market Diameter Size Movement Analysis
4.3. Flow Diverters Market Size & Trend Analysis, by Diameter Size, 2018 to 2030 (USD Million)
4.4. 2-3 mm
4.4.1. 2-3 mm Flow Diverters Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.5. 3-4mm
4.5.1. 3-4 mm Flow Diverters Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.6. 4-5mm
4.6.1. 4-5 mm Flow Diverters Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.7. >5 mm
4.7.1. >5 mm Flow Diverters Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 5. Flow Diverters Market: Regional Estimates & Trend Analysis By Diameter Size
5.1. Regional Dashboard
5.2. Market Size & Forecasts and Trend Analysis, 2018 to 2030
5.3. North America
5.3.1. North America Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.3.2. U.S.
5.3.2.1. Key Country Dynamics
5.3.2.2. Competitive Scenario
5.3.2.3. Regulatory Scenario
5.3.2.4. Reimbursement Scenario
5.3.2.5. U.S. Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.3.3. Canada
5.3.3.1. Key Country Dynamics
5.3.3.2. Competitive Scenario
5.3.3.3. Regulatory Scenario
5.3.3.4. Reimbursement Scenario
5.3.3.5. Canada Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.3.4. Mexico
5.3.4.1. Key Country Dynamics
5.3.4.2. Competitive Scenario
5.3.4.3. Regulatory Scenario
5.3.4.4. Reimbursement Scenario
5.3.4.5. Mexico Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4. Europe
5.4.1. Europe Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.2. UK
5.4.2.1. Key Country Dynamics
5.4.2.2. Competitive Scenario
5.4.2.3. Regulatory Scenario
5.4.2.4. Reimbursement Scenario
5.4.2.5. UK Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.3. Germany
5.4.3.1. Key Country Dynamics
5.4.3.2. Competitive Scenario
5.4.3.3. Regulatory Scenario
5.4.3.4. Reimbursement Scenario
5.4.3.5. Germany Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.4. France
5.4.4.1. Key Country Dynamics
5.4.4.2. Competitive Scenario
5.4.4.3. Regulatory Scenario
5.4.4.4. Reimbursement Scenario
5.4.4.5. France Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.5. Italy
5.4.5.1. Key Country Dynamics
5.4.5.2. Competitive Scenario
5.4.5.3. Regulatory Scenario
5.4.5.4. Reimbursement Scenario
5.4.5.5. Italy Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.6. Spain
5.4.6.1. Key Country Dynamics
5.4.6.2. Competitive Scenario
5.4.6.3. Regulatory Scenario
5.4.6.4. Reimbursement Scenario
5.4.6.5. Spain Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.7. Denmark
5.4.7.1. Key Country Dynamics
5.4.7.2. Competitive Scenario
5.4.7.3. Regulatory Scenario
5.4.7.4. Reimbursement Scenario
5.4.7.5. Denmark Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.8. Sweden
5.4.8.1. Key Country Dynamics
5.4.8.2. Competitive Scenario
5.4.8.3. Regulatory Scenario
5.4.8.4. Reimbursement Scenario
5.4.8.5. Sweden Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4.9. Norway
5.4.9.1. Key Country Dynamics
5.4.9.2. Competitive Scenario
5.4.9.3. Regulatory Scenario
5.4.9.4. Reimbursement Scenario
5.4.9.5. Norway Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5. Asia Pacific
5.5.1. Asia Pacific Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.2. Japan
5.5.2.1. Key Country Dynamics
5.5.2.2. Competitive Scenario
5.5.2.3. Regulatory Scenario
5.5.2.4. Reimbursement Scenario
5.5.2.5. Japan Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.3. China
5.5.3.1. Key Country Dynamics
5.5.3.2. Competitive Scenario
5.5.3.3. Regulatory Scenario
5.5.3.4. Reimbursement Scenario
5.5.3.5. China Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.4. India
5.5.4.1. Key Country Dynamics
5.5.4.2. Competitive Scenario
5.5.4.3. Regulatory Scenario
5.5.4.4. Reimbursement Scenario
5.5.4.5. India Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.5. South Korea
5.5.5.1. Key Country Dynamics
5.5.5.2. Competitive Scenario
5.5.5.3. Regulatory Scenario
5.5.5.4. Reimbursement Scenario
5.5.5.5. South Korea Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.6. Australia
5.5.6.1. Key Country Dynamics
5.5.6.2. Competitive Scenario
5.5.6.3. Regulatory Scenario
5.5.6.4. Reimbursement Scenario
5.5.6.5. Australia Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.5.7. Thailand
5.5.7.1. Key Country Dynamics
5.5.7.2. Competitive Scenario
5.5.7.3. Regulatory Scenario
5.5.7.4. Reimbursement Scenario
5.5.7.5. Thailand Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.6. Latin America
5.6.1. Latin America Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.6.2. Brazil
5.6.2.1. Key Country Dynamics
5.6.2.2. Competitive Scenario
5.6.2.3. Regulatory Scenario
5.6.2.4. Reimbursement Scenario
5.6.2.5. Brazil Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.6.3. Argentina
5.6.3.1. Key Country Dynamics
5.6.3.2. Competitive Scenario
5.6.3.3. Regulatory Scenario
5.6.3.4. Reimbursement Scenario
5.6.3.5. Argentina Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.7. Middle East & Africa
5.7.1. Middle East & Africa Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.7.2. South Africa
5.7.2.1. Key Country Dynamics
5.7.2.2. Competitive Scenario
5.7.2.3. Regulatory Scenario
5.7.2.4. Reimbursement Scenario
5.7.2.5. South Africa Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.7.3. Saudi Arabia
5.7.3.1. Key Country Dynamics
5.7.3.2. Competitive Scenario
5.7.3.3. Regulatory Scenario
5.7.3.4. Reimbursement Scenario
5.7.3.5. Saudi Arabia Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.7.4. UAE
5.7.4.1. Key Country Dynamics
5.7.4.2. Competitive Scenario
5.7.4.3. Regulatory Scenario
5.7.4.4. Reimbursement Scenario
5.7.4.5. UAE Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
5.7.5. Kuwait
5.7.5.1. Key Country Dynamics
5.7.5.2. Competitive Scenario
5.7.5.3. Regulatory Scenario
5.7.5.4. Reimbursement Scenario
5.7.6. Kuwait Flow Diverters Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Market Participant Categorization
6.2. Key Company Profiles
6.2.1. Stryker
6.2.1.1. Company Overview
6.2.1.2. Financial Performance
6.2.1.3. Product Benchmarking
6.2.1.4. Strategic Initiatives
6.2.2. Medtronic
6.2.2.1. Company Overview
6.2.2.2. Financial Performance
6.2.2.3. Product Benchmarking
6.2.2.4. Strategic Initiatives
6.2.3. MicroVention, Inc. (Terumo Corporation)
6.2.3.1. Company Overview
6.2.3.2. Financial Performance
6.2.3.3. Product Benchmarking
6.2.3.4. Strategic Initiatives
6.2.4. Balt
6.2.4.1. Company Overview
6.2.4.2. Financial Performance
6.2.4.3. Product Benchmarking
6.2.4.4. Strategic Initiatives
6.2.5. MicroPort Scientific Corporation
6.2.5.1. Company Overview
6.2.5.2. Financial Performance
6.2.5.3. Product Benchmarking
6.2.5.4. Strategic Initiatives
6.2.6. CERENOVUS (Johnson & Johnson Services, Inc.)
6.2.6.1. Company Overview
6.2.6.2. Financial Performance
6.2.6.3. Product Benchmarking
6.2.6.4. Strategic Initiatives
6.2.7. phenox GmbH
6.2.7.1. Company Overview
6.2.7.2. Financial Performance
6.2.7.3. Product Benchmarking
6.2.7.4. Strategic Initiatives
6.2.8. Acandis GmbH
6.2.8.1. Company Overview
6.2.8.2. Financial Performance
6.2.8.3. Product Benchmarking
6.2.8.4. Strategic Initiatives
6.2.9. InspireMD, Inc.
6.2.9.1. Company Overview
6.2.9.2. Financial Performance
6.2.9.3. Product Benchmarking
6.2.9.4. Strategic Initiatives
6.3. Heat Map Analysis/ Company Market Position Analysis
6.4. Estimated Company Market Share Analysis, 2023
6.5. List of Other Key Market Players
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Global Flow Diverters Market, by Region, 2018-2030 (USD Million)
Table 4 Global Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 5 North America Flow Diverters Market, by Country, 2018-2030 (USD Million)
Table 6 North America Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 7 US Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 8 Canada Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 9 Mexico Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 10 Europe Flow Diverters Market, by Country, 2018-2030 (USD Million)
Table 11 Europe Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 12 Germany Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 13 UK Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 14 France Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 15 Italy Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 16 Spain Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 17 Denmark Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 18 Sweden Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 19 Norway Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 20 Asia Pacific Flow Diverters Market, by Country, 2018-2030 (USD Million)
Table 21 Asia Pacific Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 22 China Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 23 Japan Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 24 India Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 25 South Korea Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 26 Australia Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 27 Thailand Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 28 Latin America Flow Diverters Market, by Country, 2018-2030 (USD Million)
Table 29 Latin America Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 30 Brazil Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 31 Argentina Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 32 Middle East & Africa Flow Diverters Market, by Country, 2018-2030 (USD Million)
Table 33 Middle East & Africa Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 34 South Africa Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 35 Saudi Arabia Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 36 UAE Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 37 Kuwait Flow Diverters Market, by Diameter Size, 2018-2030 (USD Million)
Table 38 Participant’s Overview
Table 39 Financial Performance
Table 40 Product Benchmarking
Table 41 Strategic Initiatives
List of Figures
Figure 1 Information Procurement
Figure 2 Primary Research Pattern
Figure 3 Market Research Approaches
Figure 4 Value Chain-Based Sizing & Forecasting
Figure 5 Market Formulation & Validation
Figure 6 Flow Diverters Market, Market Segmentation
Figure 7 Market Driver Analysis (Current & Future Impact)
Figure 8 Market Restraint Analysis (Current & Future Impact)
Figure 9 Market Opportunity Analysis (Current & Future Impact)
Figure 10 Market Challenge Analysis (Current & Future Impact)
Figure 11 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
Figure 12 Porter’s Five Forces Analysis
Figure 13 Regional Marketplace: Key Takeaways
Figure 14 Global Flow Diverters Market, for 2-3mm, 2018-2030 (USD Million)
Figure 15 Global Flow Diverters Market, for 3-4mm, 2018-2030 (USD Million)
Figure 16 Global Flow Diverters Market, for 4-5mm, 2018-2030 (USD Million)
Figure 17 Global Flow Diverters Market, for >5mm, 2018-2030 (USD Million)
Figure 18 Regional Outlook, 2023 & 2030
Figure 19 North America Flow Diverters Market, 2018-2030 (USD Million)
Figure 20 U.S. Flow Diverters Market, 2018-2030 (USD Million)
Figure 21 Canada Flow Diverters Market, 2018-2030 (USD Million)
Figure 22 Mexico Flow Diverters Market, 2018-2030 (USD Million)
Figure 23 Europe Flow Diverters Market, 2018-2030 (USD Million)
Figure 24 Germany Flow Diverters Market, 2018-2030 (USD Million)
Figure 25 UK Flow Diverters Market, 2018-2030 (USD Million)
Figure 26 France Flow Diverters Market, 2018-2030 (USD Million)
Figure 27 Italy Flow Diverters Market, 2018-2030 (USD Million)
Figure 28 Spain Flow Diverters Market, 2018-2030 (USD Million)
Figure 29 Denmark Flow Diverters Market, 2018-2030 (USD Million)
Figure 30 Sweden Flow Diverters Market, 2018-2030 (USD Million)
Figure 31 Norway Flow Diverters Market, 2018-2030 (USD Million)
Figure 32 Asia Pacific Flow Diverters Market, 2018-2030 (USD Million)
Figure 33 Japan Flow Diverters Market, 2018-2030 (USD Million)
Figure 34 China Flow Diverters Market, 2018-2030 (USD Million)
Figure 35 India Flow Diverters Market, 2018-2030 (USD Million)
Figure 36 Australia Flow Diverters Market, 2018-2030 (USD Million)
Figure 37 South Korea Flow Diverters Market, 2018-2030 (USD Million)
Figure 38 Thailand Flow Diverters Market, 2018-2030 (USD Million)
Figure 39 Latin America Flow Diverters Market, 2018-2030 (USD Million)
Figure 40 Brazil Flow Diverters Market, 2018-2030 (USD Million)
Figure 41 Argentina Flow Diverters Market, 2018-2030 (USD Million)
Figure 42 Middle East and Africa Flow Diverters Market, 2018-2030 (USD Million)
Figure 43 South Africa Flow Diverters Market, 2018-2030 (USD Million)
Figure 44 Saudi Arabia Flow Diverters Market, 2018-2030 (USD Million)
Figure 45 UAE Flow Diverters Market, 2018-2030 (USD Million)
Figure 46 Kuwait Flow Diverters Market, 2018-2030 (USD Million)

Companies Mentioned

  • Stryker
  • Medtronic
  • MicroVention, Inc. (Terumo Corporation)
  • Balt
  • MicroPort Scientific Corporation
  • CERENOVUS (Johnson & Johnson Services, Inc.)
  • phenox GmbH
  • Acandis GmbH
  • InspireMD, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages300
PublishedJune 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 303.01 Million
Forecasted Market Value ( USD ) by 2030 $ 722.59 Million
Compound Annual Growth Rate13.2%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Flow Diverter Market

Flow diverters are a type of cardiovascular device used to treat aneurysms, which are bulges in the wall of a blood vessel. They are designed to divert blood flow away from the aneurysm, allowing it to heal. Flow diverters are typically made of a metal mesh and are inserted into the artery through a catheter. They are designed to be flexible and conform to the shape of the artery, allowing them to be used in a variety of vessels. Flow diverters are a relatively new technology, but they have become increasingly popular in recent years due to their effectiveness and safety. They are often used in combination with other treatments, such as stents, to provide a more comprehensive treatment. Some of the major companies in the flow diverter market include Medtronic, Boston Scientific, Abbott, and W.L. Gore & Associates. These companies have developed a range of flow diverters for different types of aneurysms, allowing physicians to tailor treatments to the individual patient. Show Less Read more

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