The Global Flow Diverters Market was valued at $230.2 Million in 2020. Growing at a high CAGR of more than 10.8% between 2021 and 2031, it is estimated to reach $745.6 Million by 2031. But due to the current COVID-19 pandemic there might be a slight difference in the growth rate in the present year. Increased demand from the end-use segments like consumer goods, construction, industrial processes, personal care will help to accelerate the growth of this market during the forecasted period.
Global Flow Diverters Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Flow Diverters Market is segmented into diameter. On the basis of diameter Global Flow Diverters Market has been segmented into 2-3 mm Flow Diverters, 3-4 mm Flow Diverters, 4-5 mm Flow Diverters, >5 mm Flow Diverters.
By Region, North America Is Holding The Major Market Share
The Global Flow Diverters Market has been geographically segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. In addition to this, North America Global Flow Diverters Market is holding the largest market share at present and is estimated to witness high compound annual growth rate during the upcoming forecasted period. high presence of intracranial aneurysms and the increased demand for minimal invasive neurological procedures have led this region dominate the market during the forecasted period. besides this Asia Pacific is also going to witness remarkable growth during the forecasted period.
Major Players in Global Flow Diverters Market
Some of the major players in Global Flow Diverters Market include Medtronic, Stryker Corporation, MicroVention, Inc. (Terumo Corporation), BALT Extrusion SA, MicroPort Scientific Corporation, Penumbra Inc., Phenox GmbH, Acandis.
The Global Flow Diverters Market Has Been Segmented Into:
Global Flow Diverters Market, By Dimeter
Global Flow Diverters Market, By Region