The global neurovascular stents market to grow at a CAGR of 13.02% during the period 2017-2021.
The report, Global Neurovascular Stents Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is growing research activities coupled with new product launches. The increasing research activities are expected to bring innovative products to the market thereby driving the adoption rates of neurovascular stents. For instance, the market has witnessed positive outcomes of the CREST on the use of stents for treating standard-risk procedures. Also, the growing focus of vendors to develop stents with new technology will drive the market growth in the future. For instance, the nitinol-based stents in the neurovascular space are developed for application to a support structure to embolic coil mass during the treatment of the intracranial aneurysms.
According to the report, one driver in market is growing use of nitinol-based neurovascular stents. The use of materials in stents plays an important role as they offer many advantages for the processes and support therapeutic devices. The nitinol alloy material (nickel and titanium) allows manufacturers to achieve unique characteristics in undergoing a phase transformation when subjected to temperature changes, external forces, and mechanical loading. Also, this material offers greater shape memory and provides superelasticity by retaining its structure after a significant strain deformation. Nitinol, when compared to other materials such as stainless steel and polymers, provides excellent biocompatibility, recovering elongation, visibility, and radiopacity (radiodensity) under X-ray fluoroscopy.