GVR Report cover Flow Diverters Market Size, Share & Trends Report

Flow Diverters Market Size, Share & Trends Analysis Report By Diameter Size (2-3 mm, 3-4 mm, 4-5 mm, >5 mm), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68039-184-2
  • Number of Pages: 95
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Report Overview

The global flow diverters market size was valued at USD 268.88 million in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 13.22% from 2023 to 2030. Rising prevalence of brain aneurysm and risk factors associated with it, as well as growing inclination towards minimally invasive procedures are among the key factors driving the market growth.In addition, the growing awareness among people regarding the treatment and initiatives taken by government to prevent the rate of intracranial aneurysm are few other factors contributing towards the market growth.

U.S flow diverters market size, by diameter size, 2020 - 2030 (USD Million)

Increasing incidence of brain aneurysm globally is expected to impact the market growth positively in the forecast period. Brain aneurysm is also termed as intracranial or cerebral aneurysm, which is a bulge or ballooning in a blood vessel inside the brain. This aneurysm can rupture and cause bleeding in the adjacent subarachnoid space, thereby leading to a stroke or brain hemorrhage. Flow diverters are mainly used to treat untreatable intracranial aneurysms and is placed in the parent artery, in order to divert blood flow. In addition, presence of large geriatric patient base is anticipated to be one of the key success factors for the market growth during the forecast period. For instance, as per the Cleveland Clinic, up to 6% of people in the U.S. have an aneurysm in their brain with no bleeding (a condition of an unruptured aneurysm). In addition, approximately 10% to 30% of people who have a brain aneurysm deal with multiple aneurysms.

Minimally invasive surgeries are gaining popularity due to the low risk and trauma associated with these procedures. Smaller incisions reduce the risk of postoperative pain and allow speedy recovery, leading to a high adoption of these procedures. Several key players are investing in R&D for launching technologically advanced minimally invasive surgical instruments. The endovascular coiling and flow diverters are used for the treatment of intracranial aneurysm and are some of the minimally invasive procedures widely recommended by physicians. Moreover, the number of minimally invasive surgeries declined significantly in 2020, owing to considerable reduction in newly diagnosed cases during the COVID-19 pandemic because of reduced screening initiatives undertaken by concerned authorities. Thus, various advantages of these surgeries are expected to boost the adoption of minimally invasive procedures, thereby propelling market growth.

Furthermore, increasing incidence of brain aneurysm in some of the developed and developing countries has driven the launch of technologically advanced products in the market. Key companies are making continuous efforts for introducing technologically advanced products in the market. For instance, in July 2020, Balt received CE mark for its Silk Vista flow diverter. The approval has aided commercialization in more than 30 countries in and across the EU. The Silk Vista system is intended for precise and predictable deployment, as well as high visibility under angiography. It joins the Silk Vista baby flow diverter, which received CE certification in 2018. Thus, this in turn is anticipated to increase the demand for flow diverters in the near future.

Countries such as, the U.S. and Canada have witnessed high incidence rate of intracranial aneurysm in the recent years. As per the Frontiers Media S.A report in March 2022, Aneurysms are a rare case in neurology, occurring between 2% and 5% of the time. Subarachnoid Hemorrhage (SAH) induced by an aneurysm rupture is lethal, with fatality rates of up to 60%, and mortality rates of up to 20% in hospitalized patients. Therefore, such high prevalence of intracranial aneurysm is anticipated to boost the market growth over the forecast period. In addition, rise in the number of initiatives being undertaken by government and non-government organizations for spreading awareness about cerebral aneurysm, increasing healthcare expenditure, are among the factors boosting market growth.

Furthermore, the increasing awareness about brain aneurysm has resulted in people being mindful of the causes and early manifestations of stroke. According to the Brain Aneurysm Foundation, around 500,000 deaths occur worldwide each year caused by brain aneurysm. At present, various initiatives have been launched by the governments of several countries to improve public awareness and treatment related to this condition. For instance, the Bee Foundation (TBF), a nonprofit organization, is focused on spreading awareness and reducing the number of deaths due to cerebral aneurysm by innovative research. The TBF invites proposals for brain aneurysm research grant, which is likely to help the organization achieve its aim of reducing mortality due to brain aneurysm. This growing awareness among people regarding the treatment and initiatives taken by government to prevent the rate of intracranial aneurysm is likely to boost the market growth.

Diameter Size Insights

Based on diameter size, the flow diverters market is segmented 2-3 mm flow diverters, 3-4 mm flow diverters, 4-5 mm flow diverters, and >5 mm flow diverters. >5 mm flow diverters segment dominated the market with the share of 65.41% in 2022. The >5 mm has the capability to treat intracranial aneurysms of size more than 10 mm in diameter. As a result, these large diameter diverters are typically used to insert devices in large blood vessels with high occlusion rate. This is due to its broad spectrum use in treating large and wide-neck cerebral aneurysms, because the majority of ruptured aneurysms are greater in size, measuring greater than 10.0 mm in diameter. Hence, >5 mm devices are ideal for implanting in large vessels and achieving a greater rate of stable aneurysm occlusion. Thus, owing to several approvals and advantages, this segment is estimated to lead the market in the coming years.

Global flow diverters market share, by diameter size, 2022 (%)

According to a study published in Science Direct journal, in 2021, aneurysms smaller than 10 mm in diameter had a rupture rate of just 0.05% per year compared to about 1% per year for aneurysms greater than or equal to 10 mm in diameter and 6% in the first year for giant aneurysms (>25 mm). Thus, flow diverters with >5 mm diameter are used widely. Thus, this segment is expected to dominate the market in the coming years.

However, 3-4 mm flow diverters segment is expected to witness the highest CAGR from 2023 to 2030 owing to rise in number of product approvals and increase in demand for minimally invasive procedures. For instance, in July 2020, Balt Extrusion obtained CE mark approval for its Silk Vista flow diverting stent used to treat small or medium sized intracranial aneurysms (unruptured). This product will be commercialized in over 30 European countries. Similarly, in February 2019, Medtronic received the U.S. FDA approval for an expanded indication of Pipeline Flex embolization device. This device can be used for the treatment of patients with medium or small, wide-necked aneurysms. Hence, the 3-4 mm flow diverters segment is expected to exhibit the highest CAGR during the forecast period.

Regional Insights

North America accounted for the largest market share of the global flow diverters in the year 2022. This is due to high prevalence of intracranial aneurysm and rise in the demand for minimally invasive neurological procedures. For instance, according to the Brain Aneurysm Foundation, in the U.S. more than 6.5 million suffered from unruptured cerebral aneurysm. In the U.S., approximately, 30,000 people suffer intracranial aneurysm rupture every year. Rapid technological advancements are also among the factors contributing to the market growth in North America. Furthermore, supportive government initiatives, and favorable reimbursements are also expected to fuel the market growth.

Flow Diverters Market Trends, by Region, 2023 - 2030

Asia Pacific is expected to grow at a highest compound annual growth rate (CAGR) of 14.00% from 2023 to 2030. This is due to the presence of huge patient base suffering from neurovascular disorders in the emerging economies such as India, China, along with rising healthcare expenditures in this region. Moreover, mandatory healthcare insurance in some countries, rapid technological advancements, increasing government initiatives are high impact rendering drivers of the market. For instance, the China Intracranial Aneurysm Project (ICAP) is an observational, prospective, and multicenter registry study of risks, rupture, diagnosis, and treatment of intracranial aneurysm. Five studies are under ICAP. CIAP-1 is the observational study of unruptured intracranial aneurysm. This is anticipated to impel market growth over the forecast period.

Key Companies & Market Share Insights

The key market players account for a considerable share of the market owing to their broad product offerings. In recent years, flow diverters are getting attention from neurosurgeons owing to their success rate in managing brain aneurysm. Several key players are focusing on research activities for addressing the pitfalls associated with the existing treatment options. For instance, in June 2022, Carmeda and a Stryker nnounced a partnership that will combine Stryker’s flow diverter proven technology with Carmeda’s coating active heparin for the treatment of brain aneurysms.

Furthermore, companies in the intracranial aneurysm market are undertaking this strategy for strengthening their product portfolio and offer diverse technological advanced products to their customers. This strategy is the most prominently adopted strategy by the key market players for attracting more customers in the intracranial aneurysm market. For instance, in February 2022, MicroVention, Inc., which is a subsidiary of Terumo Corporation, announced the first U.S. clinical case of its FRED X flow diverter device at Thomas Jefferson University Hospital located in Philadelphia. The FRED X Flow Diverter features MicroVention X Technology, a proprietary nano-polymer surface modification designed to reduce material thrombogenicity, or tendency for clot formation on the device surface. Such initiatives are expected to improve the company’s revenue and worldwide presence in the forthcoming years. Some prominent players in the global flow diverters market include:

  • Medtronic plc

  • Stryker Corporation

  • MicroVention, Inc. (Terumo Corporation)

  • Balt

  • MicroPort Scientific Corporation

  • Phenox GmbH

  • Acandis GmbH

  • Cerus Endovascular Inc.

  • CERENOVUS (Johnson & Johnson Services, Inc.)

  • InspireMD, Inc.

Flow Diverters Market Report Scope

Report Attribute


Market size value in 2023

USD 303.01 million

Revenue forecast in 2030

USD 722.59 million

Growth rate

CAGR of 13.22% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Diameter size, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Norway; Denmark; Sweden; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

Key companies profiled

Medtronic plc; Stryker Corporation; MicroVention; Inc. (Terumo Corporation); Balt; MicroPort; Scientific Corporation; Phenox GmbH; Acandis GmbH; Cerus Endovascular Inc.; CERENOVUS (Johnson & Johnson Services; Inc.); InspireMD, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

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Global Flow Diverters Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global flow diverters market report based on diameter size, and region:

Global Flow Diverters Market Report Segmentation

  • Diameter Size Outlook (Revenue, USD Million, 2018 - 2030)

    • 2-3 mm Flow Diverters

    • 3-4 mm Flow Diverters

    • 4-5 mm Flow Diverters

    • >5 mm Flow Diverters

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Denmark

      • Sweden

      • Norway

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

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