Fast paced increase in the instances of brain aneurysms is fueling the demand in the global flow diverters market. Moreover, there is a rising inclination towards minimally invasive surgical procedures in the healthcare industry. This trend is also supporting the growth in the global flow diverters market. Furthermore, increasing awareness among patients regarding the availability of the treatment options is also a positive factor influencing the demand dynamics in the global flow diverters market. Increase in the global geriatric population is yet another major driver for the global flow diverters market in the next few years.
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Some of the most notable players and manufacturers operational within the global flow diverters market include Acandis, Phenox GmbH, Penumbra, Inc., MicroPort Scientific Corporation, Medtronic, Stryker Corporation, MicroVention, Inc., and BALT Extrusion S. A., among others. Various players and manufacturers in the global flow diverters market are engaging in research and development activities to address the problems associated with contemporary treatment options. For example, Cerus Endovascular received a CE mark of approval for their Neqstent Coil Assisted device in April of 2020. This specific flow diverter operates effectively in order to cure different types of intracranial aneurysms.
Major regions functional within the global flow diverters market include North America, Middle East and Africa, Asia Pacific, Europe, and Latin America. Regionally, North America held the largest share in the global flow diverters market in recent past. This leading position of the North America region in global flow diverters market can be attributed to increase in the demand for neurological processes with minimally invasive procedures as well as rising prevalence of intracranial aneurysms in the region. Moreover, rising rate of technological advancements by players and manufacturers in the region is also aiding the expansion of the global flow diverters market in North America in coming years.
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