South and Central America Coil Assisted Flow Diverters Market
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.
Strategic insights for the South and Central America Coil Assisted Flow Diverters provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 14.22 Million |
| Market Size by 2028 | US$ 22.36 Million |
| Global CAGR (2021 - 2028) | 6.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South and Central America Coil Assisted Flow Diverters refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The South and Central America coil assisted flow diverters market is expected to reach US$ 22.36 million in 2028 from US$ 14.22 million in 2021; it is estimated to grow at a CAGR of 6.7% 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. According to NCBI, in 2019, an epidemiological analysis of Brazilian patients diagnosed with cerebral aneurysms showed 2251 aneurysms in 1404 patients with a 3:4 female/male ratio. A higher incidence of intracranial aneurysms was found among the females as compared to male. 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 Latin America are likely to create growth opportunities for the market.
With the outbreak of second wave COVID-19, there has been an increasing number of cases in the South American countries. In this scenario, Brazil has observed enormous difficulties in management of chronic neurological disorders, from headache to neurodegenerative diseases. Due to inadequate monitoring, many patients end up being admitted to emergency departments due to decompensation of their neurological disease. During the pandemic, stroke patients as well as other neurological conditions have been arriving late at the hospital, outside the therapeutic window for acute intervention. In addition, the country also faced difficulties in obtaining beds in the intensive care unit for management of the diseases during the acute phase. These factors are likely to have negative impact on the market growth.
Based on application, the South and Central America 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 South and Central America 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.
A few of the primary and secondary sources associated with this report on the South and Central America coil assisted flow diverters market are the Brazilian Institute of Neuroscience and Neurotechnology (BRAINN), São Paulo Research Foundation (FAPESP) and Organization for Economic Co-operation and Development (OECD).
The South and Central America Coil Assisted Flow Diverters Market is valued at US$ 14.22 Million in 2021, it is projected to reach US$ 22.36 Million by 2028.
As per our report South and Central America Coil Assisted Flow Diverters Market, the market size is valued at US$ 14.22 Million in 2021, projecting it to reach US$ 22.36 Million by 2028. This translates to a CAGR of approximately 6.7% during the forecast period.
The South and Central America 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 South and Central America Coil Assisted Flow Diverters Market report:
The South and Central America 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 South and Central America Coil Assisted Flow Diverters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Coil Assisted Flow Diverters Market value chain can benefit from the information contained in a comprehensive market report.
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