North America Flow Diverters Market Size & Outlook
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North America flow diverters market highlights
- The North America flow diverters market generated a revenue of USD 109.0 million in 2023.
- The market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 109.0 million |
| Market revenue in 2030 | USD 255.9 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, North America region accounted for 36.0% of the global flow diverters market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 162.1 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Phenox | View profile | 101-250 | Bochum, Nordrhein-Westfalen, Germany, Europe | http://www.phenox.net/ |
| Balt | View profile | 101-250 | Montmorency, Ile-de-France, France, Europe | http://www.balt.fr/ |
| InspireMD Inc | View profile | 66 | 4 Menorat Hamaor Street, Tel Aviv, Israel, 6744832 | https://www.inspiremd.com |
| Acandis GmbH | View profile | 251-500 | Pforzheim, Baden-Wurttemberg, Germany, Europe | https://www.acandis.com/start-1-en |
| MicroPort Scientific Corp | View profile | 8230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | https://www.microport.com |
| Terumo Corp | View profile | 30207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | https://www.terumo.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
North America flow diverters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 63.94% in 2023. Horizon Databook has segmented the North America flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
North America currently holds a significant share of the market for flow diverters due to the presence of major manufacturers, increased spending on R&D, and an increase in government initiatives.
Besides, a robust reimbursement network and strong government funding are expected to contribute to the market growth. In addition, the demand for less invasive procedures, the rise in cerebral aneurysms, and the rapid development of technology are all expected to fuel market expansion in North America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America flow diverters market , including forecasts for subscribers. This continent databook contains high-level insights into North America flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America flow diverters market size, by country, 2018-2030 (US$M)
North America Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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