Norway Flow Diverters Market Size & Outlook, 2023-2030
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Norway flow diverters market highlights
- The Norway flow diverters market generated a revenue of USD 6.6 million in 2023 and is expected to reach USD 15.8 million by 2030.
- The Norway market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 2-3mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 6.6 million |
| Market revenue in 2030 | USD 15.8 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 2-3mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Norway accounted for 2.2% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany flow diverters market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 34.2 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 |
Norway 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 72.73% in 2023. Horizon Databook has segmented the Norway flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
There are significant opportunities for U.S.-based companies that have innovative products related to several medical devices, such as minimally invasive surgical instruments, flow diverters, and others. There is a strong opportunity for several new entrants to enter and establish their presence in Norway, thereby creating lucrative growth opportunities for manufacturers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into Norway flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway flow diverters market size, by product, 2018-2030 (US$M)
Norway Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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